• Ethereum price could pump to $3,200 soon. 

  • The altcoin is on its way to closing the last two CME gaps on its price chart. 

  • Analysts are eager to see ETH make its way to new ATH prices soon.

The crypto market continues to grow bullish since Bitcoin reclaimed its 6-digit prices. While expectations grow for the arrival of the next BTC ATH price, analysts are keeping a close eye on Ethereum (ETH) as the pioneer altcoin continues to pump over $2,5000. Ethereum price could pump to $3,200 soon to close the final CME gap and pump towards its previous ATH price set in the $4,000 price range. 

Ethereum Price Could Pump to $3,200 Soon 

Q2 of 2025 has been a crucial month for the pioneer altcoin asset, Ethereum (ETH), as this was the phase that ETH finally experienced a price reversal and went on to reclaim much higher prices. In Q1 of 2025, when the price of Ethereum was set to pump and trigger altseason, the crypto market instead fell into a prolonged correction phase led by BTC price dropping from $90,000 to $75,000. 

After a full quarter of declining prices that pulled ETH and most other altcoins to set bottoms, the crypto market finally recovered into a healthy market state in Q2 of 2025. In the month of April, both BTC and ETH recovered phenomenally to reclaim 6-digit prices and pump over $2,500, respectively. Now, analysts expect both assets to pump towards their previous ATH price before moving upwards of that target as well. 

Presently, most analysts are pleased to see that ETH has pumped over $2,000 and $2,5000 in a short time. Next, one analyst expects ETH to bridge the last remaining two CME gaps. At the moment, the two remaining CEM gaps refer to $2,540 to $2,620 and $2,890 to $3,230. Once these two CME gaps are filled, the price of ETH should explode towards ATH targets. This similar CME gap-filling move is what BTC completed before finally reclaiming 6-digit prices. 

https://twitter.com/Washigorira/status/1922340364574195762

As we can see from the post above, this reputed crypto analyst expects Ethereum (ETH) to hit the next bull target of $3,200 soon. In detail, this analyst says that ETH CME futures on the daily chart confirm that the gap between $2,540 and $2,620 is now being filled. After this, only one more CME gap remains, which is at the $2,890 and $3,230 price range. Certainly, ETH seems to be quite bullish and could fill up these gaps to aim for its previous ATH price next. 

According to several reputed analysts, ETH price finally pumping is a great sign that the altseason peak phase is on the horizon. So far, several price predictions expect ETH price to pump and hit bullish targets between $8,000 and $12,000, and possibly much higher targets soon. As for altseason peak, almost all popular altcoins are flashing highly bullish signals and could begin to pump at any moment.