Ethereum is currently trading comfortably above the $2,000 level, with the Bulls pushing prices to a local high of $2,490 before they find resistance. After months of intense sales pressure and weak emotions, Ethereum appears to be forming a new structure as it regains its critical foundation. The sharp rally rekindled optimism in the Altcoin market, especially as Bitcoin is approaching its all-time high. This weekend could be extremely important. Volatile can accelerate across the crypto space, and Ethereum could lead the way if bullish momentum continues.
Top analyst Ted Palm shared his optimistic outlook, saying the recent rally was just the beginning. According to Pillow, Ethereum is on track to exceed $12,000 in 2025, driven by a strong foundation, growing institutional interest and improving network efficiency. His beliefs stem from Ethereum’s leadership in defi, real-world asset tokenization, and stubcoin infrastructure.
ETH is currently above the $2,000 threshold and is testing nearly $2,300 in testing support, so market participants are looking closely at follow-throughs. The sustained bounce from here can confirm the bullish stage, and the Ethereum stage will continue to outperform as speculation of the alto season grows.
Ethereum holds important support as a Market Eyes AltSeason breakout
Ethereum is currently below the $2,400 level after a sharp breakout that earned over 35% in under two days. The surge in prices has reinvigorated feelings of bullish strength across the market, pushing ETH into a critical demand zone where buyers continue to protect their support. After months of shortcomings and bearish structure, Ethereum shows signs of forming a new sustainable trend. Analysts say the breakout is a spark for a much broader Altcoin Rally, and many tokens are still undervalued after years of decline.
According to Pillow, this rally is just the beginning. He believes Ethereum is on the road to surpass $12,000 in 2025. His belief comes from several overlapping catalysts that support long-term price expansion.
Ethereum has become the largest destination for institutional capital among Altcoins, particularly in sectors such as real-world assets, decentralized finance and Stablecoins. Additionally, expectations are rising over the approval of Ethereum ETF products that allow staking.
Recent Pectra upgrades have already begun to burn a significant amount of ETH, and are beginning to tighten supply as demand is recovering. The pillow also refers to the macro tail fin, particularly the potential changes in monetary policy from the Federal Reserve and other central banks later this year. If the global environment becomes risk-on, Ethereum could be one of the biggest beneficiaries. For now, the price structure remains strong, and optimism is building that ETH is ready for a much bigger move as the Bulls defend their support.
Ethereum regains momentum after a sharp rally: $2,500 remains the first major test
The Ethereum Daily Chart shows a strong breakout from integration, with ETH surges beyond the $2,000 psychological barrier tagging a local high of nearly $2,490. The move has been one of the sharpest two-day gatherings in recent months, renewing market confidence and driving strong momentum across the crypto sector. Daily volume spikes support movement and show actual purchase interest rather than short-lived apertures.
However, ETH is currently below the 200-day Exponential Moving Average (EMA) and is currently around $2,427, just below the 200-day Simple Moving Average (SMA) $2,699. These two levels indicate the first important zone of resistance the Bulls must overcome to maintain their breakouts and confirm the new trend structure. For now, Ethereum has held its advance resistance between $2,200 and $2,250 and supports it.
If ETH can integrate on top of this new base and maintain a bullish structure, the next target will range from $2,700 to $2,900, matching the moving average. Failure to maintain this level could trigger a retest of a $2,000 breakout zone. Overall, price action remains bullish, but Ethereum must protect its recent profits and flip the key moving average to expand the rally to a full recovery trend.
Dall-E special images, TradingView chart
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