Ethereum, being the second largest cryptocurrency by market capitalization, has often attracted a lot of attention as next in line to replicate the success of Bitcoin. But despite Bitcoin rebounding to new all-time highs, Ethereum remained below $5,000, unable to reach this major goal. This has not deterred investors, however, with analysts still predicting that the price of Ethereum will eventually surpass the $5,000 mark and eventually climb back towards the 5-figure mark.
Why Ethereum Price Could Surpass $5,000
After the initial decline from the 2025 high of $4,900, Ethereum price remained stuck in an accumulation range. This continued as the price decline deepened and Ethereum fell more than 50% from its all-time highs.
However, with the recent trend reversal, it appears that the digital asset is now breaking out of this accumulation trend. Cryptocurrency analyst Javon Marks points this out in an analysis shared on Platform X (formerly Twitter), showing how this could happen for cryptocurrency.
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Currently, Ethereum price appears to be marking its support above $2,000, which has paved the way for a rebound. According to the crypto analyst, this current trend suggests that Ethereum is indeed breaking out of the accumulation trend. This, in turn, puts this digital asset on the path to breaking $4,900.
The story does not end there as Marks points out that the implications of Ethereum price surpassing $4,900 are very bearish. In the event of a break above this major resistance, the crypto analyst sees the price of ETH eventually rising back to $8,500.
Bullish patterns that hold up $ETH is hinting at a further push towards the $4,900 levels and this could be just part of prices coming out of a huge accumulation phase.
Prices are reaching these levels and the next one we are looking at is above $8,500.
(Ethereum)
– JAVON⚡️BRANDS (@JavonTM1) March 17, 2026
Measurements can’t wait to increase
Besides the price, there has also been a significant increase in open interest on Ethereum. Data from the Coinglass website shows a jump from about $25 billion last week to more than $32 billion this week. This also coincides with rising prices, suggesting investors may be coming back to the table.
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Additionally, daily trading volume is also on the rise, reaching over $89 billion at the start of the week. Following the correction, the daily volume has decreased, but remains above $50 billion, which also indicates high interest in the market. If this trend continues, ETH price could continue to rise, but with major resistance sitting at $3,000, it remains to be seen if the bears will give up entirely.
Featured image of Dall.E, chart by TradingView.com
