Ethereum The price was on a tear At the beginning of this week, break over $ 2,800 levels for the first time since February 2025. However, the escalating tensions between Israel and Iran damaged risk resources, with Bitcoin and Ethereum that carry most of the downward pressure on the crypto market.
The price of Ethereum fell from over $ 2,800 to the psychological $ 2500 level, which reflected a significant interruption from Altcoin’s latest Hausse progress. However, historical price information shows that the Ethereum price can be good as long as it stops the support of $ 2500.
Is a return to $ 4,000 possible for the Ethereum price?
In a recent post on the social media platform X, crypto analyst Rect Capital declared The current installation of the Ethereum price after its recent decline and the potential consequences on its future track. According to online pounds, the second largest Cryptocurrency has established the zone $ 2500 as a significant support pillow.
After a rough first quarter of the year, the price of Ethereum experienced an explosive start to May and rose back over the $ 2,000 brand. However, Altcoin had struggled to break over $ 2,800 before the last week, usually over $ 2500 support after being rejected at this level of resistance.
According to Rect Capital, Ethereum Price has shown a strong degree of stability over the $ 2500 level over the past five weeks. The crypto analyst noted that if this trend continues, Altcoin’s value may witness a significant force and return to about $ 4,000 region.
Rect Capital emphasized to hold $ 2500 to support Has facilitated extended Ethereum Price collection against $ 4,000 earlier. As shown in the diagram below, the price of ETH made a strong transition to the $ 4,000 zone at the end of 2024 after hovering about $ 2500 in August to October.
Source: @rektcapital on X
The last time the Ethereum price was $ 4,000 was in mid -December 2024, before an almost 60% crash during the early parts of the year. A return to this cycling top for ETH can mark the beginning of a fairly expected Altcoin season.
From this writing, the price of ETH amounts to approximately $ 2,577, which reflects an almost 3% decline over the past 24 hours.
Ethereum-dominance reaches five years high
In a separate post on X, Rect Capital revealed that Ethereum dominance has climbed in recent days. The latest data indicates that Altcoin has now reached 10% market dominance for the first time since 2020 and continues its upwards.
If this positive trend continues and Altcoin’s market dominance continues to improve, investors could see the Ethereum award go on an impressive upward driving. In addition, this can also mean declining Bitcoin dominance and an improved probability of seeing an altar season this cycle.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Image from iStock, chart from tradingview
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