Will Ethereum (ETH) Price Surge Continue Defying Crypto Market Downtrend?

Coinspeaker
Will Ethereum (ETH) Price Surge Continue Defying Crypto Market Downtrend?

Ethereum price

ETH
$2 698



24h volatility:
1.6%


Market cap:
$325.07 B



Vol. 24h:
$26.57 B



has seen a healthy uptick in recent times surging to $2,850 levels against the broader crypto market downtrend. However, the altcoin has given up the gains over the weekend leaving investors confused as to whether this price rally can continue even further.

Historically, in January and early February, a similar Ethereum performance foreshadowed the weakness in the broader crypto market. Back then, the Ethereum price surged 10% in three days moving to $3,400 which abruptly ended in a sharp capitulation triggered by trade war concerns. Over the low-volume weekend, Bitcoin plunged 13%, while Ether suffered a steep 35% drop, bottoming near $2,000.

The current movement in Ethereum price shows that the demand has surged as the Solana meme coin ecosystem has been collapsing. Moreover, the crypto scam surrounding the Solana-based LIBRA token has triggered a negative sentiment all over. Aran Hawker, CEO of trading automation platform CoinPanel, said:

“ETH’s recent price action isn’t an outperformance — it’s more of a catch-up to where it should be. Some traders may have rotated back into ETH from SOL, but there’s no clear trend shift or structural change. Any perceived outperformance could be erased by the next major market move.”

As of press time, Ethereum price is 0.5% down at $2,674 levels with a market cap of $322 billion. Crypto analyst Ali Martinez has identified the $2,425 price level as the most crucial support for Ethereum (ETH). At this level, over 10.33 million wallets have accumulated a total of 62.43 million ETH, indicating significant buying interest and a key price point to watch for potential price stability.

Optimistic Takes Around Ethereum Price Recovery

Furthermore, other market analysts have also shared optimistic views regarding the Ethereum price recovery. Blockchain analytics platform Santiment reports that the Ethereum price recovery has sparked optimism among investors following a period of underperformance.

From a long-term perspective, Ethereum’s supply continues to flow off exchanges and into cold wallets at a remarkable rate. Currently, just 6.38% of the total available supply remains on exchanges — the lowest level since the network’s genesis. This trend suggests increasing confidence among holders in Ethereum’s long-term value.

Prominent crypto analyst venturefounder has adjusted their long-term outlook for Ethereum (ETH), citing potential for a significant rally. In a recent post, the analyst noted that if ETH confirms a double-bottom pattern around the $4,000 level, the chart could indicate even stronger bullish momentum.

As a result, venturefounder raised their Ethereum price target to $18,000 by November 2025, up from the original projection of $15,000 by May 2025. The analyst also set a revised timeline for Ethereum to reclaim the $4,000 mark, extending the deadline to June 2025 for validation.

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Will Ethereum (ETH) Price Surge Continue Defying Crypto Market Downtrend?