The Ethereum price was in tears at the beginning of this week, exceeding the level of $ 2,800 for the first time since February 2025. However, the growing tensions between Israel and Iran harm the assets at risk, Bitcoin and Ethereum carrying most of the downward pressure on the cryptographic market.
The price of Ethereum has increased from $ 2,800 above the psychological level of $ 2,500, reflecting a significant rupture compared to the recent bullish progress of Altcoin. However, data on historical prices show that the Ethereum price could be very well as long as it remains above $ 2,500 support.
Is a return to $ 4,000 possible for Ethereum Price?
In a recent article on the social media platform X, Rekt Capital of the Crypto analyst explained the current configuration of the Ethereum price after his last drop and the potential implications on his future trajectory. According to the online pundit, the second largest cryptocurrency established the $ 2,500 area as a major support cushion.
After an approximate first quarter of the year, the Ethereum price experienced an explosive start until May, go up above the $ 2,000 mark. However, the Altcoin had struggled to exceed $ 2,800 before last week, generally regulating above $ 2,500 support after having faced a rejection at this level of resistance.
According to Rekt Capital, the Ethereum price has shown a high degree of stability above $ 2,500 in the past five weeks. The Crypto analyst noted that if this trend continues, the value of the Altcoin could attend a significant increase and to return to the region of $ 4,000.
Rekt Capital pointed out that the detention of the $ 2,500, because support has facilitated Ethereum prices extended to $ 4,000 in the past. As indicated in the graph below, the price of the ETH made a good visit to the $ 4,000 area at the end of 2024 after planted about $ 2,500 in August to October.
Source: @rektcapital on X
The last time the Ethereum price was $ 4,000 was in mid-December 2024, which preceded an accident of almost 60% at the start of the year. A return to this cycle peak for ETH could mark the start of a fairly awaited Altcoin season.
To date, the price of the ETH amounts to around $ 2,577, reflecting a drop of almost 3% in the last 24 hours.
Ethereum Dominance reaches a five -year summit
In an article separated on X, Rekt Capital revealed that Ethereum domination has climbed in recent days. The latest data indicates that Altcoin has now reached market domination of 10% for the first time since 2020, continuing its upward trend.
If this positive trend continues and the domination of the Altcoin market continues to improve, investors could see the Ethereum price take place on an impressive rise in increase. In addition, this could also mean reducing the dominance of bitcoin and an improved probability of seeing a season in alts-season this cycle.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock star image, tradingview graphic
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