Ethereum Climbs Past $2,200, Signaling End of Bear Market; Analyst Predicts $5,791 as an “Achievable Goal”

Following a period of consolidation and unpredictability, Ethereum has seemingly turned a significant corner both psychologically and technically. Over the past five days, a surge in bullish momentum has propelled Ethereum’s price past the $2,200 mark, marking an increase of over 32% in just a week. This uptick coincided with Bitcoin’s resurgence above the six-figure threshold, subsequently elevating the entire cryptocurrency market.

Additional Insights

Analysis of Ethereum’s daily candlestick chart suggests that this rally signals the initiation of a new long-term upward trend, rather than a mere response to Bitcoin’s movements.

Breakthrough at $2,200 Signals Strength, Analyst Indicates Bear Market is Over

The recent upswing has propelled Ethereum comfortably above the $2,000 threshold, a price point that had previously acted as resistance in late March and early April. Based on technical observations shared on the TradingView platform, analyst MasterAnanda believes that Ethereum has exited its bear market.

This evaluation stems from the analyst’s observation of what he describes as genuine bullish activity, alongside significantly heightened volume in recent days. He anticipates that this trend will solidify a strong upward momentum in the weeks ahead, allowing Ethereum to experience uninterrupted daily growth for months.

The latest surge has surpassed the lows observed on August 5, 2024, and February 3, 2025, as depicted in a chart shared by the analyst. The analysis also illustrates Ethereum’s escape from a steep descending channel that had constrained its price for an extended period.

The breakout is compelling, characterized by a substantial green candle paired with unusually high trading volume, lending credibility to the assertion that the bear phase has concluded.

“This is merely the beginning,” the analyst emphasized, suggesting that Ethereum is on a trajectory to recover its all-time highs.

$5,791 An ‘Achievable’ Objective, $10,000 Before 2026 Likely

MasterAnanda’s analysis posits that this rally could potentially elevate Ethereum to the 1.618 Fibonacci extension level, approximately $5,791.78. He considers this target “achievable” due to the strength of the breakout and the apparent capital influx.

Achieving the $5,791 target would signify a breakthrough into new price territories beyond Ethereum’s previous all-time high of $4,878. However, this projection extends further; a $10,000 valuation for Ethereum is not just feasible but probable by the end of 2025, driven by institutional investments and favorable retail sentiment.

The chart provides an overview of Ethereum’s recovery trajectory, highlighting various Fibonacci levels that indicate resistance and retracement points ranging from $2,421 at the 0.382 extension to $5,791 at the 1.618 extension.

Additional Insights

The analyst further pointed out that approximately $250 billion could potentially flow into the cryptocurrency market during this uptrend, with around $10 to $15 billion already in circulation. He believes that a euphoric phase will commence once the remaining capital enters the market.

As of now, Ethereum is trading at $2,395.

Featured image from Unsplash, chart from TradingView