Ethereum (ETH), which has reclaimed $2,000 once more, is trading still in the negative zone on all timeframes. According to CoinGecko data, ETH is down 0.2% in the last 24 hours. 5.4% over the past week. 27.5% on the charts for the last 14 days. 32.6% during the month. 22% from February 2025. Ethereum (ETH)’s price surge to $2,000 coincides with Bitcoin (BTC’s) rise to $71,000. Discuss if ETH’s worst days are behind it or if this is a temporary improvement.
Does Ethereum (ETH), or will it crash again?
Ethereum (ETH) has followed Bitcoin’s recovery (BTC), where the price rose from below $60,000 to $71,000. The market seems to have reached a plateau, with most assets once again in the red zone. It is possible, given the rejection of ETH, that this recovery will only be temporary.
In addition, it is possible that the recent price increase was due to liquidation of the shorts. This could have brought some new life into the markets. The upward trend seems to have ended and it is possible that we are in for another downturn.
CoinCodex analysts paint quite a bullish picture for Ethereum (ETH), going forward. The platform expects ETH to keep on rising over the next few months and reach $3,857 in May 2026. A rally of almost 85% is required to reach $3,857 at current prices. You could see big gains if CoinCodex turns out to have been wrong.
You may also like: Ethereum Founder Vitalik Buterin Dumps $6.6 Million Worth of ETH
CoinCodex does not guarantee that Ethereum will rise as it has predicted. A new bout of volatility might present some challenges. Investors may also be hesitant to invest in risky assets, as the crypto-market is fragile.
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Source: watcher.guru
