Ethereum Price Prediction after 4% Jump

Quick overview

The cryptocurrency market was bullish this week and Ethereum advanced Friday thanks to hopeful sentiment surrounding the conflict in Iran and strong potential for a peaceful resolution soon.

Ethereum (ETH) gained 4% Friday, moving up to $2,463 (ETH/USD) and hitting its highest price point since late January. That was the story for Bitcoin (BTC) as well as investors bought into the market in hopes that peace in Iran might give the market a further hand up.

U.S. President Donald Trump said the Iran situation is progressing “swimmingly.” He said, “It should be ending pretty soon,” and markets have been bullish on the positive sentiment. Stocks and crypto tokens climbed Friday, with the Nasdaq gaining 1.42% and Bitcoin adding 3.46% over the last 24 hours.

Ethereum’s Busy Quarter

Between January and March of 2026, Ethereum had the busiest quarter it has ever experienced, surpassing the previous quarter by more than 40%. This quarter also marked a milestone of $200 million in transactions, which is twice what was traded back in 2023’s worst quarter.

However, those transactions only tell part of the story. The Ethereum price is only half of its all-time high, and Ethereum is making a slow recovery back up to its January highs. Fundamentally, the coin is very active and trades are happening at an accelerated pace. Practically, the coin is low and struggling, hanging in a fragile state of volatility that could rapidly change if Iran and the United States start fighting again.

The coin’s transaction growth has been attributed to stablecoins and Layer 2. These account for more transactions but do not result in a higher price point the same way that standard Ethereum transactions would. Layer 2 in particular is a secondary framework for Ethereum, and it gives users a way to make near instantaneous transactions with lower fees than normal transactions. Ethereum is healthy in some regards, but still well below its highs for this year as well as its all-time record.

As long as the Iran situation remains calm, Ethereum could move much higher in the coming days. Reports on the busy quarter could also help drive market interest to Ethereum and help shift the investor mindset about its value.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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