Ethereum Bullish as It Nears All-Time High with $4.6K Price Point
Ethereum has added more than 4% over the last week and could be pressing on to a new high thanks to strong buying pressure.
Quick overview
- Ethereum (ETH) is currently up 2.54% and nearing its record high of $4,953, driven by strong investor sentiment.
- The recent Federal Reserve interest rate cut has positively impacted Ethereum, bringing it within 7% of its all-time high.
- Both Russia and China are showing signs of easing their previous anti-crypto stances, which could further support the market.
- Ethereum's price has nearly doubled over the past year, with predictions suggesting it could reach $5,800 by the end of the year.
Closing in on its record high of $4,953 (ETH/USD), Ethereum (ETH) is still looking bullish and is up by 2.54% over the last day thanks to strong investor buying sentiment.
Ethereum seems to have been lifted by the recent Federal Reserve interest rate cut and is now less than 7% off its all-time high. The coin could hit a new high very soon as it benefits from strong support, excellent public exposure, lengthy price stability, and a positive environment for cryptocurrency globally.
ETH/USDEven Russia and China appear to be backing down from their strong stances against cryptocurrency that they held in the past. Russia has discussed plans to create a cryptocurrency reserve, and China is considering opening up regulations for greater and easier crypto trading. Both countries have stood adamantly against crypto mining in particular, chasing miners out of these countries in masses. However, 2025 has seen crypto prices stabilize for the strongest crypto tokens, and that makes them a safer proposition than they were in 2024.
Ethereum Price Prediction as Value Climbs
Over the last year, Ethereum’s price has nearly doubled. The coin has done particularly well in the last few months, climbing 79% since the beginning of July. That is almost unheard of among the top ranked crypto coins, and that performance has brought the attention of the wider public to Ethereum.
For this coin to outperform Bitcoin, a number of factors had to work in its favor, and it appears that those factors are still at work. In the last week, Ethereum added 4.38% to its value. Meanwhile, Bitcoin (BTC) added only 3.20%.
Ethereum could surpass its all-time high record very shortly and could reach $5,800 before the end of the year. That level seems very feasible for this high-performing coin, especially since it has had no trouble staying above $4,500 right now, even with the stock market in a volatile state after the recent Fed rate cut.
It is possible that Ethereum will experience price correction in the near future, though, and it could fall swiftly and steeply as a result, but for now, all indicators point to continued bullish movement with only minor backtracking.
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