As Bitcoin price rises to $85,000 and crypto market sees slight recovery, the price of ETH has pumped 5% in the past 24 hours while up 8% from last week’s low.
ETH price fell over 15% last week in a notable market downtrend while both the stock and crypto markets were witnessing increased tension. It was affected by several factors like Trump’s tariff war, loosening investor confidence and lack of any significant announcement to push the market up.
Now BTC, ETH and other crypto assets are showing notable recovery as Monday’s weekly opening turned out to be favorable. However, Trump’s tariff decisions and increasing capital outflow could still prevent the market from gaining further.
At the time of writing, ETH is trading near $1,908 – up 3.7% in the past 24 hours. It hit the daily high of $1,922 while surging 5% from the low of $1,819 earlier today. It has a 24 hour trading volume of $15.11 billion and a market cap of $230.27 billion.
What’s Next for ETH: $2,100 Soon or Back to $1,800?
The current rebound in ETH price suggests strong bullish momentum but key resistance levels remain crucial with hurdles at $1,950–$1,970 zone, where sellers may attempt to cap further gains. However, a successful breakout above this range could open the door for a rally toward $2,050 and potentially $2,100 in the near term.
On the downside, ETH must hold above the $1,880 support to maintain its current bullish structure. If selling pressure increases, a retest of $1,850 and even last week’s low in $1,700 range could be in play.
At this time, ETH’s trajectory depends on broader market sentiment and Bitcoin’s stability above the $85,000 price mark. Additionally, the anticipation around Pectra upgrade and investor confidence in ETH would also play a key role. A sustained push past $1,970 may signal a strong uptrend, while rejection could lead to renewed downside pressure.
Also Read: US Govt to Reveal Crypto Holdings: Will XRP, SOL, ADA Be Included?
