Can Ethereum Price Return To $4,000? Analyst Says $ETH Needs To Hold Above This Support
The Ethereum price was on a tear at the start of this week, breaking above the $2,800 level for the first time since February 2025. However, the escalating tensions between Israel and Iran hurt risk assets, with Bitcoin and Ethereum bearing most of the downward pressure in the crypto market.
The price of Ethereum fell from above $2,800 toward the psychological $2,500 level, reflecting a significant break from the altcoin’s recent bullish progress. However, historical price data shows that the Ethereum price might be just fine so long as it stays above the $2,500 support.
Is A Return To $4,000 Possible For Ethereum Price?
According to Rekt Capital, the Ethereum price has shown a strong degree of stability above the $2,500 level over the past five weeks. The crypto analyst noted that if this trend continues, the altcoin’s value could witness a significant surge and return to around the $4,000 region.
Rekt Capital highlighted that holding the $2,500 as support has facilitated extended Ethereum price rallies toward $4,000 in the past. As shown in the chart below, the price of ETH made a strong move to the $4,000 zone in late 2024 after hovering around $2,500 throughout August to October.
The last time the price of Ethereum was at $4,000 was in mid-December 2024, preceding an almost 60% crash in early parts of the year. A return to this cycle peak for ETH could mark the beginning of a fairly anticipated altcoin season.
As of this writing, the price of ETH stands at around $2,577, reflecting an almost 3% decline in the past 24 hours.
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