The price of the Ethereum Ether cryptocurrency (ETH) is steadying above the $3,600 mark, sparking optimism amongst analysts. Inflows for Ether ETFs and several big whale moves have shifted momentum around the asset back and forth. As a result, Ethereum is up as much as 50% in the last 30 days and is poised to go higher. Forecasts for the asset are higher, and one analyst projects a new ATH before 2025 is over.
Crypto analyst Benjamin Cowen recently discussed Ethereum’s near-term future, forecasting a new all-time high. He says Ethereum recently met his previous criteria of forming a higher macro low, therefore setting it up for an eventual push to new highs. “For a long time, my bias was that it made sense to fade Ethereum because it was going to bleed against Bitcoin, and it needed to go home. It needed to form a higher low. Now, that’s happened. So, what is my bias now, right? Well, my bias now is that it will make new all-time highs and I’m going to say no later than December.” Specifically, the analyst sees ETH hitting its market cycle top before January 2026, with a maximum price tag of $7,500.
Meanwhile, Ethereum whale activity has been on the rise. Arthur Hayes recently sold off $8.3M worth of ETH, while SharpLink actually bought up $100M worth. The massive Ethereum movements are splitting up market experts who remain bullish, but are divided on short-term forecasts.
Ethereum Price Predictions for Near-Term
Most price forecasts have Ether testing new record levels in the coming month, with a return to $4k being the first step. Analysts at CoinCodex project ETH topping $4,000 in a matter of weeks, with $ 4,305.31 being the potential highest the asset can climb. Meanwhile, crypto analyst Ted Zhang suggests speculative headwinds have started to show effect, with ETH eyeing a new high of $4100 in the process. “I just can’t get over this Ethereum weekly chart that really extends back 4 years. With the stablecoin tailwinds, a fat pitch is coming over 4100.” The bullish Ethereum price prediction revolves around Wall Street using its services to extend fintech services.
Also Read: Bitcoin at $3.2K in 2017: What’s $1000 of BTC in 2017 Worth Now?
At press time, Ethereum is trading at $3,689.29, up 5% on Monday. Ethereum spot ETFs saw $533M inflows yesterday – their 13th consecutive day of inflows, contributing to the price spike. Furthermore, BlackRock’s ETHA alone attracted $426M, bringing its assets-under-management to $10B+.
