Key Takeaways
- Ethereum (ETH) has outperformed Bitcoin (BTC) since April.
- Ethereum’s price reclaimed two lost long-term support levels.
- Can Ethereum reach a cycle and possibly an all-time high price?
Ethereum’s (ETH) 2025 got off to a rough start, plunging 63% through April as investor sentiment soured.
But the tide has turned. ETH is now in the midst of a powerful 90% rally, breaking through key resistance levels and reigniting bullish momentum.
With the market mood shifting and Ethereum gaining ground, the big question is: could this finally be the rally that takes ETH to a new all-time high?
Let’s take a closer look.
Ethereum Price Reclaims Support
After reaching a cycle high of $4,100 in December 2024, Ethereum’s price plunged 65%, breaking below the key $2,400 support level and losing its ascending trendline.
The decline bottomed out at $1,385 on April 7. Since then, ETH has staged a sharp, almost parabolic recovery, reclaiming both horizontal and diagonal support levels it had previously lost.
While ETH briefly traded below these levels, the strong recovery (black circle) now marks that move as a deviation, effectively invalidating the prior breakdown.
The next major resistance stands at $3,950, the previous cycle high.
Momentum indicators back the bullish trend. The Relative Strength Index (RSI) has crossed above 50, and the Moving Average Convergence/Divergence (MACD) has made a bullish crossover, reinforcing the case for continued upside.
Taken together, the long-term outlook points toward a bullish Ethereum price prediction, with a new all-time high potentially on the horizon.
Bullish Ethereum Prediction
Ethereum’s wave count has turned bullish, signaling the start of a five-wave upward movement that began in April.
Wave three appears to be extended, with the sub-wave structure shown in black.
If the count holds, this impulse could complete around the 0.618 Fibonacci retracement resistance at $3,100.
Despite this short-term bullish impulse, the broader wave structure still suggests a long-term corrective pattern, albeit one that could lead to a new all-time high.
The higher time frame count points to a complex W-X-Y correction, identified by its overlapping waves and channeled price action.
In this scenario, Ethereum is currently in wave Y (red), which could ultimately peak around $6,600.
The five-wave structure developing now would form wave A of Y, to be followed by a corrective wave B before a final upward move in wave C.
If this count is correct, Ethereum could be on track to hit $6,600 in the coming months, though not without potential volatility along the way.
Ethereum Outperforms Bitcoin
Ethereum has been in a steady downtrend against Bitcoin (BTC) since 2021, losing 71% of its value in that time.
Unlike the ETH/USD pair, which has recently reclaimed key support levels, ETH/BTC is hovering near its bear market lows.
In April, however, the pair bounced sharply (green icon) after hitting the ₿0.017 horizontal support zone.
Despite the rebound, ETH/BTC has yet to break through its main descending resistance trend line, a key hurdle for a confirmed trend reversal.
Still, momentum is shifting. The RSI has moved above 30, signaling a potential end to bearish conditions, while the MACD has formed a bullish cross.
Taken together, the ETH/BTC setup has turned cautiously optimistic, but a breakout above resistance will be crucial to confirm a true recovery.
Ethereum to $3,000
Ethereum stopped its bleeding in April and started an upward movement that is still ongoing.
Despite a temporary roadblock, the ETH price will likely break out soon and move toward $3,000.
The ETH to BTC chart also shows positive signs, but the price needs to break out from its resistance to confirm the bullish trend.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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