Ethereum is trading just below $2,500 and is struggling to regain its gains as bearish momentum increases in the broader cryptocurrency market. After repeated failed attempts to break through the resistance level, Ethereum is now facing severe selling pressure, raising fears of a deeper correction. Bulls seem to be losing control as overall market sentiment weakens amid global economic uncertainty and the ongoing impact of rising U.S. Treasury yields. Some market participants are now preparing for a sharp decline if Ethereum fails to hold above key demand areas.
Nonetheless, not everyone is heading downward. Some prominent analysts maintain a highly positive long-term outlook, pointing out that Ethereum still has significant upside potential during this cycle. According to Ted Bilow, Ethereum could reach $10,000 before the end of the cycle. In his view, the current price movement represents a temporary dip and not a reversal of the trend, and accumulating during weakness is the smartest option for long-term investors.
While short-term uncertainty dominates the headlines, long-term conviction remains strong among Ethereum supporters, who point to increasing institutional interest, dwindling supply on exchanges, and the overall maturation of the Ethereum ecosystem as reasons to stay optimistic. Currently, Ethereum's approach to just below $2,500 paves the way for a critical test in the coming days.
■ Ethereum analysts are watching for the possibility of a price breakout
Ethereum is currently testing a critical support level at $2,500, after repeatedly reaching the resistance level of $2,700 over the past few weeks. This area has proven difficult to break through, but bulls are still holding their ground. If Ethereum can reclaim its upper range and close above it, analysts believe this could spark the altcoin season the market has been waiting for.
Despite Ethereum's weak performance over the past year, characterized by a lack of sustained momentum and significant selling pressure, the recent price action suggests a turnaround. Over the past few weeks, Ethereum has entered a more bullish phase, supported by increased on-chain activity and rising demand.
Some analysts remain strongly optimistic. For example, Ted Bilow predicted that Ethereum would surpass $10,000 during this cycle. While short-term volatility may raise concerns, long-term confidence remains strong. For many investors, the message is clear: seize the dips, strategically accumulate, and avoid panic selling.
