On May 13, 2025, Ethereum rose nearly 40% in the past week, from 1,800 USD to 2,500 USD, thanks to the Pectra upgrade and easing global trade tensions. However, analysts warn that the upward momentum relies on fundamental support. Will ETH exceed 4,000 USD before Christmas? Let's analyze in detail.


Ethereum Soars: Pectra and Market Sentiment

Last week, Ethereum surged from 1,800 USD to 2,500 USD, thanks to two main factors: the #Pectra upgrade (on May 7) improving staking limits and wallet experience, along with positive sentiment from easing trade tensions. President Trump announced positive negotiations with China and a limited trade agreement with the UK, boosting US stocks (Dow, S&P 500, Nasdaq) to record their strongest gains in months.


However, digital assets could not maintain momentum: Bitcoin (102,000 USD), Ethereum (2,500 USD), and Solana (146 USD) slightly decreased as investors took profits. James Toledano (COO Unity Wallet) commented: “The recovery of Bitcoin, Ethereum, and Solana reflects market optimism, but could be hollow if solely based on sentiment and Trump’s policies. We need fundamental factors to drive it.”


Native Crypto Investors Drive, Not ETFs

ETF cash flows show a contrasting trend: Bitcoin spot ETF attracted 600 million USD, but Ethereum ETF saw an outflow of 55 million USD. Matteo Greco (Fineqia International) analyzes: “The level of price recovery and capital outflow from the Ethereum ETF indicates that native crypto investors – not institutions – are the main driving force.” Sean Dawson (Derive.xyz) adds: “The Pectra upgrade went smoothly, increasing confidence in #Ethereum 's scalability, paving the way for institutional adoption.”


Prospects: 20% Chance of Hitting 4,000 USD

Derive's model predicts $ETH has a 20% chance of exceeding 4,000 USD before Christmas (up from 9% last week), with higher volatility than Bitcoin. However, Toledano warns: “Without sustainable organized momentum and clear regulations, ETH may only consolidate before reaching new highs.”


Impact on the Crypto Market

This event brings many signals:



  • Increasing confidence: Crypto fund inflows reached 3.4 billion USD last week, Bitcoin ETF attracted 1.8 billion USD, and a forecast of accumulating 330 billion USD into Bitcoin by 2029.


  • Boosting DeFi: Pectra supports Layer 2 and staking, aiding projects like Haedal (TVL 200 million USD).


  • Altcoin Growth: Solana (146 USD) and $XRP (2.31 USD) benefit from the overall trend.



Future Prospects

If Ethereum maintains its upward trend and improves fundamentals in the next 1-2 years, it could compete with Bitcoin (102,000 USD) and exceed 4,000 USD. However, macro risks and a lack of institutional capital could hinder progress.


Conclusion: Will Ethereum Continue to Shine?

Ethereum increased 40% to 2,500 USD thanks to Pectra and reduced trade tensions, with a 20% chance of hitting 4,000 USD before Christmas. Although native crypto investors lead, the upward momentum needs fundamental support and institutional capital to be sustainable. Investors should closely monitor to seize opportunities.


Risk warning: Crypto investments carry high risks due to price volatility and legal uncertainties. Please consider carefully before participating. #anhbacong