Leading forecasts for Ethereum’s price as ETH recovers $2,000

crypthub

about 3 hours ago

Recent Price Movement

Ethereum fell double‑digits over the past month, staying far below its 2025 peak of $5,000. In the last 24 hours it jumped from $1,800 to just over $2,000, breaking a key psychological level. The coin remains about 30 % lower on a monthly basis with a market cap near $237 billion.

Bullish Outlook

Analysts cite a clean double‑bottom on higher‑time‑frame support, hinting at a move above $2 K. One trader highlights a five‑year demand zone that historically precedes strong accumulation. Others view ETH as a long‑term hold that rewards patience over hype.

Whale Activity

Large investors now control over 24 million ETH, roughly 20 % of circulating supply, and have been adding positions. Smaller players watch these moves, treating them as confidence signals for upcoming events. Exchange net‑flows sit near a ten‑year low, showing few owners are moving tokens to centralized platforms.

Bearish Risks

Some warn that a drop below $1,820 could open a path to $1,584 or lower. The RSI has risen above 70, indicating an overbought condition that may precede a correction. If bulls fail to retake $1,940, bearish pressure could dominate.