High Ethereum Price Predictions As ETH Seeks $2K

ETH is flashing mixed signals: is it close to a rally or looking for another breakout?

The second-largest cryptocurrency has not been on a high lately, falling by double digits in the past 30 days and trading well below its peak of nearly $5,000 seen in the summer of 2025.

However, the last 24 hours brought hope for the bulls, as ETH went from $1,800 to $2,000. Some market watchers believe that a deep rebound may be on the way, while others think that the moderation will not come to an end.

Rally Soon?

Ethereum (ETH) is up more than 10% daily, currently trading above the $2,000 psychological zone. However, it is still down 30% on a monthly basis, and its market capitalization has fallen to around $237 billion.

Despite the major correction, many analysts remain optimistic. X user KALEO has seen recent performance in the stock and argued that it may be on the verge of a bounce. They speculated that ETH had made a “clean double bottom of HTF support” and could be poised to rise above $2K.

“More FUD than I’ve ever seen on a timeline. Post it fast,” the commenter added.

Merlijn The Trader also joined recently. He said that ETH has been sitting in a five-year search zone, insisting that this zone should act as a place where investors collect rather than distribute.

“You don’t need a straight floor. You need exposure before expansion. Big foundations don’t move. They make prices,” he said.

X User of StockTrader_Max shared a similar opinion, arguing that ETH has evolved into a “long-term investment with slow, steady growth that rewards patience and conviction rather than hype and timing.” The analyst believes that this asset should be held in multiple portfolios, and for a period of years rather than months.

Meanwhile, some industry participants have noted that whales have been more active recently and are increasing their exposure to ETH. Crypto Rover user X shared a CryptoQuant chart, which shows that the biggest investors now own more than 24 million tokens, or more than 20% of Ethereum in circulation.

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The activity of the whales is closely watched by small players who may imitate their movements and enter the ecosystem for new money. Additionally, it is commonly believed that large investors rarely make irrational purchases and may have insider information about upcoming events that may affect valuations.

Finally, ETH exchange rates remain very close to the 10-year lows recorded earlier this month. This trend shows that investors are in no rush to transfer their holdings to social media: a move that is often seen as a pre-sale move, and which can cause further price declines.

Will the Bears Stay Here?

Many other commentators expressed pessimistic views on the matter. X user Crypto Tony warned of a new low if the price drops below $1,820, describing that level as “the last line of defense.” They later argued that if the bulls want to return to $1,940, then “we’re back in business.”

Ali Martinez and Lucky also gave their two cents. The former states that the next major support levels for ETH, if it breaks below $1,800, are $1,584, $1,238, and $1.089.

The Relative Strength Index (RSI) of the stock is another factor to watch. Due to the price reversal experienced in the last hours, the instrument’s ratio rose above 70, indicating that ETH is overbought and may be due for a correction. RSI is an important metric often used by traders, and conversely, anything below 30 is considered a buying opportunity.