Ethereum (ETH) has achieved a significant milestone, breaking through the $2,400 mark for the first time since March 2025. This remarkable 50% surge over the past month has outpaced Bitcoin’s 19% gains, positioning ETH as a prime investment opportunity in the current market landscape.
This price movement coincides with broader market momentum that has pushed Bitcoin near $90,000, suggesting a potential shift in market dynamics favoring altcoins.
Expert Analysis Points to Further Upside
Crypto analyst VirtualBacon has emerged with a bold prediction for Ethereum, citing several technical and fundamental factors supporting a bullish outlook. The analyst emphasizes that despite not matching some altcoins’ dramatic price movements, Ethereum’s core strengths remain unshaken.
Technical Indicators Signal Strong Momentum
A critical technical indicator highlighted by VirtualBacon is the ETH/BTC trading pair’s recent rebound from multi-year support levels. Historical data suggests such bounces often precede significant altcoin market cycles. The analyst projects a potential 60% gain if Ethereum reclaims the 0.382 Fibonacci retracement level against Bitcoin.
Fundamental Strengths Support Bull Case
Despite competition from faster networks like Solana, Ethereum maintains its position as the backbone of the DeFi ecosystem. Its status as the only altcoin recognized as a commodity in legal terms has strengthened institutional confidence in the platform.
Federal Reserve Policy Impact
The analysis ties Ethereum’s future performance to Federal Reserve monetary policy, with quantitative tightening (QT) slowing to $5 billion monthly. A potential QT pause in Q3 or Q4 2025 could catalyze significant price appreciation.
Price Targets and Current Trading
VirtualBacon’s price targets include:
- $10,000 ETH if Bitcoin reaches $200,000
- $12,000 ETH if Bitcoin extends to $250,000
Currently, ETH trades at $2,440, showing an 8% weekly gain.
Frequently Asked Questions
What is driving Ethereum’s current price surge?
The combination of reduced quantitative tightening, increased institutional adoption, and technical breakouts has contributed to Ethereum’s price appreciation.
How does Ethereum’s performance compare to Bitcoin?
Ethereum has outperformed Bitcoin by a significant margin, posting 50% gains compared to Bitcoin’s 19% increase over the past month.
What are the key resistance levels for Ethereum?
The primary resistance levels include the 0.382 and 0.5 Fibonacci retracement levels against Bitcoin, with the latter potentially pushing ETH beyond 0.05 BTC.