Ethereum’s rebound above $2,000 has already sparked some bullish sentiment and the recovery has also pushed other altcoins higher. Despite the price correction, it does not appear that the uptrend is completely over, especially since the bulls managed to hold support above $2,000. Speaking on the matter, crypto analyst Celal Kucuker shared an interesting opinion on what would happen to the price of Ethereum and what would happen before it crashes to $1,500.
Ethereum price rise to $2,900 more likely
By looking through the Ethereum price history, the crypto analyst highlights the important levels that the cryptocurrency has already exceeded and the important levels that await it. This analysis highlights that Ethereum price has already exceeded $3,350 previously, a major level.
Another major level that the digital asset has already touched is at $1,850, which happened during the most recent crash in February 2026. Once these two levels are already touched, it moves to the next important level to cross, which is $2,950.
According to the crypto analyst, it is more likely that Ethereum price will climb to $2,900 before $1,500. So, $2,950 is expected to be reached first, but then the next correction will drop the price almost 50% below, to $1,500.
Despite this crash, the price of Ethereum is not entirely bearish. The analyst predicts that once this bottom is reached, the price of the cryptocurrency will rise again. This time, with a 400% increase that will propel it to new all-time highs, eventually reaching $6,100.
Another interesting aspect of this analysis is its timing. Instead of putting Ethereum’s all-time highs on a multi-year timeline, the analyst says it will actually happen in 2026, with the peak occurring in the last quarter of the year.
Is it time to buy ETH?
With the recent decline, analysts seem to view this as a buying opportunity rather than a continuation of the bear market. Ali Charts, crypto analyst common on X, following the decline, Ethereum has now entered a “generational buying zone”.
This means that historically this is an area from which price has rebounded. Ali explained that every time this level has been reached in the past, it has triggered a rally of at least 100% for the cryptocurrency. If this trend continues, then the Ethereum price could reach over $4,000.
Featured image of Dall.E, chart by TradingView.com
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