Following months of lackluster performance, Ethereum price rally has spiked 60% from its latest lows, fuelling renewed optimism in the crypto space. So what is behind this rally? Let's go through the top reasons and break down Ethereum price prediction in light of this abrupt rally.
Ethereum Latest News: $ETH Price Surge Explained
Its price was in serious jeopardy in April 2025, having crashed to $1,472, hitting a two-year low, after Donald Trump shocked the world with an announcement of tariffs increases. This news impacted the trades most and as a result investors sent crypto market crashes for some quiet time.
But as fast as it fell, Ethereum has rebounded—surging 60% from its lows to hit $2,393 today. Over the past 24 hours, it has surged around 2.44%, however it reflected an impressive 30% rally in just one week according to the CoinMarketCap.
Source: CoinMarketCap
Here’s the latest ETH Snapshot:
Price: $2,393
Market Cap: $286.19 billion
24h Trading Volume: $39.44 billion
Traders are now stacking long positions, showing their growing confidence in the upcoming forecast.
Why Ethereum Bounced Back?
1. Global Trade Optimism Lifts Crypto Markets
One big reason why its price is going up is because people are feeling better about global trade. The new trade deal between the US and UK made investors less worried after Trump’s scary tariff news. Experts say the better trade relationship is making things safer for investors, and Ethereum is doing really well because of it.
2. Pectra Upgrade & DeFi Boom Fuel ETH Price
It’s not just global news helping the price surge. The network also got a big upgrade called “Pectra.” This upgrade made its infrastructure faster and safer.
Ted Pillows, an OKX partner, shared his bold prediction:
“The recent $ETH rally is just the start. I’m confident that it will soar above $12,000 in 2025 due to institutional adoption, $ETH ETFs, and massive token burns.”
Source: Ted X
This cryptocurrency is still a top player in DeFi, stablecoins, and real-world asset (RWA) tokens. Many experts think this price rally is just getting started and won’t stop soon.
3. Whale Confidence: Mega-Buys Shake Things Up
Its most recent momentum is no exception. Based on information from Lookonchain, a whale who earlier lost $11 million trading tokens is back—this time going even larger.
Source: Lookonchain X
Here's what transpired:
3 months ago: Sold all coins (~$2,740), losing $11M
1 month ago: Purchased 2,713 assets ($4.07M) at ~$1,502
Recently: Added 9,023 coins ($20.55M) at ~$2,277
This whale's aggressive comeback is regarded as a very bullish sign for incoming momentum.
Ethereum Price Prediction: What Happens Next ?
Thus, where is the pric headed from then? Analysts Predict
Short- Term: It may test $2,750 if instigation continues.
Mid-Term: Look for a rally to $3,500 in 2 – 3 months.
Long- Term: With ETF blessings and institutional growth, it might challenge $10,000 –$12,000 by time- end.
Conclusion
It's explosive 60% return is not luck, it's a combination of macro answer, strong upgrades, and adding institutional demand. With investors doubling down and crypto judges targeting aggressive pretensions, the price target to $10,000 might be just getting started. Watch nearly; coming leg advanced could be grand.
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