Ethereum has dropped to $2,732 today, reflecting a 4% drop in the overall market — but this could be the calm before a major breakout.
Despite the short-term decline, ETH is still up 5% in a week and 10% in a month, as analysts watch for a breakout move above $2,793 that could open the door for a new bullish wave.
According to the new notes for investors from the B2BINPAY analysis group, Ethereum has been quietly accumulating since May 10 — often a leading indicator for explosive moves.
With such analyses and Ethereum's enviable fundamentals, the long-term Ethereum price prediction still seems very optimistic, especially in the second half of the year.
Ethereum Price Prediction: Breaking above the '$2,793' is the launch pad for ETH to $4,000.
Although B2BINPAY analysts acknowledge that ETH could slip somewhere between $2,000 and $1,800 if it falls below $2,320, looking at today’s chart, we can see that prices are more likely to continue rising in the near future.
Indeed, ETH's one-day chart has just formed an extremely bullish golden cross, with the 30-day moving average (in orange) rising above the 200-day line (in blue) for the first time since early November, when Donald Trump won the White House.
The golden cross is often an indicator of an upcoming breakout, which aligns with B2BINPAY's analysis from yesterday.
Another positive sign is the relative strength index of this currency (in purple), which is rising again after dropping below 50 a week ago and is still in a positive phase.
There are other encouraging signs regarding Ethereum, with recent days witnessing significant purchases from whales, once again reinforcing the view that we are in an accumulation phase.
From this perspective, we could actually see the price of Ethereum rise to $3,000 at some point in July or August, and the rest of the year looks even more positive for this currency.
Assuming that global trade begins to stabilize and improve (for example: the U.S. signing favorable trade agreements with various economies), the cryptocurrency market will continue to grow.
And as one of the strongest altcoins in the market, ETH is likely to lead the market, especially as it remains in what is considered an oversold position.
In fact, this currency is still down 44% from its ATH of $4,878 (set in 2021), while BTC only established its current ATH 21 days ago (and has only dropped 4% from that point).
Therefore, $4,000 is a reasonable target by the end of the year for Ethereum, and 2026 could be even better.
