Ethereum Price Surges to $4,480, Eyes $7,000-$10,000 by 2025
Ethereum's price has surged, with a significant accumulation of nearly 840,000 ETH adding to its bullish momentum. Currently trading near $4,480, it's up almost 2% in the past 24 hours. Analysts predict it could surpass its previous all-time high of $4,878 and reach $7,000-$10,000 by 2025.
Ethereum's recent performance has been bolstered by nearly $547 million in ETF inflows this month. The initiation of Ethereum-focused ETFs, led by BlackRock and iShares, has further driven interest. However, traders should remain cautious due to the risk of liquidation-driven volatility, with nearly $3.88 billion in short positions at risk of liquidation if the price rises by 5%.
A bull flag continuation pattern on Ethereum's weekly chart suggests a potential breakout toward $6,900. A decisive breakout above $4,600 could validate this pattern and open the path towards this target. However, Ethereum could retest the $4,100-$4,200 level again before reaching a new all-time high. As long as it holds above $4,200 support, the outlook remains bullish.
Ethereum's price has shown significant growth, with analysts predicting further gains. While there are risks, including potential liquidation-driven volatility, the overall outlook is bullish. The initiation of Ethereum-focused ETFs and strong inflows have added to its momentum. Traders should monitor key levels, such as $4,600 and $4,200, for potential breakouts and retests.
