Ethereum prices started to tears earlier this week, surpassing the $2,800 level for the first time since February 2025. However, escalating tensions between Israel and Iran hurt risky assets, with Bitcoin and Ethereum undermining much of the downward pressure in the crypto market.
Ethereum prices have fallen above $2,800 towards a psychological $2,500 level, reflecting a major break from Altcoin’s recent bullish advances. However, historical pricing data shows that as long as Ethereum prices exceed $2,500 support, there may be issues.
Is it possible to return to $4,000 at Ethereum prices?
In a recent post on social media platform X, Crypto analyst Rekt Capital discussed the current setting of Ethereum prices following the latest decline and potential impact on future trajectories. According to online experts, the second largest cryptocurrency has established a $2,500 zone as a key support cushion.
After roughly the first quarter of the year, Ethereum prices experienced an explosive start, returning above $2,000. However, Altcoin had struggled to exceed $2,800 this week ago, but it usually surpassed support over $2,500 after facing refusal at this level of resistance.
According to Rekt Capital, Ethereum prices have shown strong stability above the $2,500 level in the last five weeks. Crypto analysts noted that if this trend continues, Altcoin’s value could witness a significant surge and return to the area of around $4,000.
Rekt Capital highlighted that holding $2,500 in support has driven the rise in Ethereum prices, which had previously been extended to $4,000. As shown in the chart below, ETH prices moved strongly into the $4,000 zone in late 2024 after hovering around $2,500 between August and October.
Source: @rektcapital on XThe last price of Ethereum was $4,000 in mid-December 2024, ahead of a crash drop of nearly 60% at the beginning of the year. ETH’s return to this cycle peak could mark the start of a rather predictable Altcoin season.
At the time of writing, ETH prices were around $2,577, down almost 3% over the past 24 hours.
Ethereum’s advantage is reaching its first in five years
In another post from X, Rekt Capital revealed that Ethereum’s domination has risen over the past few days. The latest data shows that Altcoin has achieved a 10% market advantage for the first time since 2020 and continues to move upward.
As this positive trend continues and Altcoin’s market advantage continues to improve, investors can see Ethereum prices go on an impressive steady pace. Furthermore, this also means that there will be an improvement in the decline in Bitcoin domination and the likelihood of seeing this cycle of ort season.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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