Ethereum’s rally above $2,000 has already created a significant bullish mood, and this recovery has also pushed other altcoins higher. Despite the price correction, it does not seem like the uptrend is completely over yet, especially as the bulls have been able to hold the support above $2,000. On this, cryptocurrency analyst Celal Kucuker shared some interesting thoughts on what will happen to the Ethereum price and what will happen before it crashes to $1,500.
Ethereum price likely to surge to $2,900
Tracing the history of Ethereum price, cryptocurrency analysts highlight the important levels that the cryptocurrency has already surpassed and the important levels that lie ahead. This analysis points out that Ethereum price has already exceeded the key level of $3,350 previously.
Another major level this digital asset has previously touched is $1,850, which occurred during its most recent crash back in February 2026. Having already touched on these two levels, we move on to the next important level to break: $2,950.
According to the crypto analyst, Ethereum price is likely to soar to $2,900 before $1,500. Therefore, we expect it to reach $2,950 initially, but a subsequent correction will bring the price down by almost 50%, back to $1,500.
However, despite this crash, it is not all bearish for Ethereum price. Analysts predict that once this bottom is reached, the price of the cryptocurrency will rise again. This time, it will rise by 400% and hit a new all-time high, eventually reaching $6,100.
Another interesting aspect of this analysis is its time period. Rather than putting Ethereum’s all-time high on a multi-year timeline, analysts say the all-time high will actually occur in 2026, with the peak occurring sometime in the last quarter of this year.
Is it time to buy ETH?
Given the recent decline, analysts appear to be viewing this as a buying opportunity rather than a continuation of the bear market. Crypto Analyst Ari Chart share X states that Ethereum is now in a “generational buy zone” following the decline.
What this means is that this has historically been a zone where prices have bounced. Ali explained that each time this level has been reached in the past, it has caused at least a 100% rise in the cryptocurrency. If this trend holds, the price of Ethereum could rise above $4,000 as a result.
Featured image from Dall.E, chart from TradingView.com
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