Altcoin ETH reversal in full swing, confirmed by several analysts.
The price of Ethereum finally reclaimed $2,500 for the first time in 68 days.
After 4 bearish months, analysts expect to see 4 bullish months for ETH.
The pioneer altcoin Ethereum (ETH) finally broke past $2,000 recently following Bitcoin’s pump to 6-digit prices. Soon after, the price of ETH shot up to the $2,500 target, confirming ETH reversal in full swing. Analysts are pleased to see that the month of May is looking very green and bullish, and expect more bullish green months ahead. After 4 red months, will ETH see 4 green months?
ETH Reversal in Full Swing
The crypto market is ever so pleased to finally see the price of ETH pumping bullishly. The start to the New Year began with grand expectations as the price of Bitcoin (BTC) set a new ATH in the $109,000 price range. Following this, analysts expected to usher in the long-awaited altseason to the ongoing crypto bull cycle. Instead, the crypto market was graced with a brutal correction phase that led to big price dips for BTC, ETH, and most altcoins. With the dip was harsh, analysts saw it as a much-needed correction.
In detail, most reputable analysts said that the price of Bitcin (BTC) pumped too hard, too fast, and the correction would instead set up a healthier crypto market, one that would welcome greater and longer price pumps for Bitcoin and altcoins. This prediction seems to have now come true, as altseason may be arriving in Q2 of 2025 instead of Q1 of 2025 as initially expected. The start of Q2 saw a steady recovery in BTC prices, while mid Q2 led to a bull pump taking BTC to 6-digit prices and triggered an altcoin recovery.
https://twitter.com/blocknewsdotcom/status/1921258886989754429
Now, the price of BTC is over $103,000 and is heading towards its previous ATH price. In addition, Ethereum (ETH) seems to be following a similar action. With an ETH reversal in full swing, the price of ETH has reclaimed $2,500 for the first time in 68 days, as confirmed in the post above. As for what is to come next for the price of ETH, most analysts are certain that ETH will reclaim its previous ATH price in the $4,000 price range.
ETH Reclaims $2,5000, 4 Bullish Months Ahead?
https://twitter.com/TedPillows/status/1921265249350483983
The analyst in the post above confirms that the dump below $1,400 ETH price was the capitulation, which could be seen through Wyckoff accumulation. Now, the analyst says, a possibility for ETH price to hit $4,000 by Q3 is highly likely. Most traders were waiting for a trigger event that would launch ETH into a steady upward momentum, and it seems that time has now come.
https://twitter.com/misterrcrypto/status/1921234023755423753
Lastly, one crypto trader, analyst, and enthusiast highlights how the last 4 months for ETH were bearish. As we can see from the post above, all of Q1 and the month of April closed in red. Indeed, the red close in April was a lot smaller than the red close in Q1, which is because ETH was already pumping, setting a much grander green close in May. In fact, sentiments are so high now that analysts wonder if May closed over 33% in green, will ETH continue to pump for the next 4 months in much higher green numbers?
