When Will Ethereum Start Rallying Again? Here Are the Latest ETH Price Predictions

TL;DR

• Ethereum (ETH) has declined to around $3,500, but analysts predict potential new all-time highs due to positive technical indicators.
• Metrics such as negative exchange netflow and a low RSI suggest reduced selling pressure and possible price recovery.

Is It Time for a Resurgence?

The price of Ethereum (ETH), similar to many other cryptocurrencies, plunged significantly in the past several days. Currently, the second-biggest digital asset in terms of market capitalization is worth around $3,500 (per CoinGecko’s data), a 9% decline on a weekly scale.

Nonetheless, some analysts think ETH will face good days ahead, with some speculating about a new all-time high in the following months. The X users Wolf and Jelle are some examples.

The former presented a price chart showing that ETH has been on a bullish path since the beginning of 2024. The analyst envisioned enhanced volatility for the asset in the upcoming future, which will eventually lead to a bull run and a new all-time high price of over $5,000.

I’m guiding you to new all-time highs. $ETH. pic.twitter.com/1ovHG2HSjz

— Wolf Read More