Ethereum is the second largest cryptocurrency by size. Lately it has not been performing well. In the last 30 days, its price dropped by a notable amount. It trades well below its peak figure near $5,000, a high reached in the summer of 2025. This means the price has fallen from its best level in recent memory.
But there is some positive news to start the new week. In the last 24 hours, ETH rose from about $1,800 to just over $2,000. Some market observers think a stronger rebound could be on the way. Others believe the price may still be getting closer to its bottom before it begins a real climb.
Rally in sight? Ethereum has gained more than 10% in a single day and is now above the $2,000 mark. However, on a monthly basis it remains roughly 30% lower, and its overall market size, or market capitalization, has fallen to around $237 billion. Market capitalization is a term used to describe how much the whole asset is worth right now. In simple words, it is like adding up the value of every ETH in existence. To see more about market capitalization, you can read it on Market capitalization.
Even after a big price drop, many analysts still feel hopeful. On the social network X, a user named KALEO wrote that Ethereum might be about to bounce back. They said ETH has formed a “clean double bottom off HTF support” and could soon rise above the $2,000 level. The phrase double bottom is a chart pattern. It suggests the price could turn higher after hitting two similar low points. KALEO added, “More FUD than I’ve ever seen on the timeline. Send it with haste.”
Another trader, Merlijn The Trader, joined the discussion. They argued that ETH is sitting in a five-year demand zone. In simple terms, this is a price area where buyers have shown they are willing to buy in the past. This trader also reminded followers that you don’t need to catch the exact bottom. You need exposure to the asset before prices start moving higher. They added that big bases tend to reprice rather than drift slowly upward.
A third view came from X user StockTrader_Max. They suggested ETH has become a long-term investment. The idea is to expect slower, steadier growth rather than big, fast moves. The recommendation is to hold ETH as part of many portfolios with a time frame measured in years, not months. This kind of thinking emphasizes patience and conviction rather than chasing quick profits.
At the same time, professional traders noticed that large investors, or what some call whales, have been more active recently. Crypto Rover shared a CryptoQuant chart showing that big holders now own more than 24 million ETH. That number equals more than 20% of the current amount of ETH in circulation. When large holders buy or sell, smaller traders pay close attention because they often imitate these moves and bring new money into the market.
Whale activity is watched by many smaller traders who may copy their moves and add capital to the market. It is also commonly believed that large investors rarely make irrational buys. They may have information about events that could influence ETH’s price in the near future.
Another factor to consider is ETH’s exchange reserves. These are the amounts of ETH held on centralized trading platforms. The current level is near a ten-year low reached earlier this month. This trend suggests that investors are not rushing to move their ETH onto exchanges to sell. In many cases, moving funds to an exchange is a precursor to selling. So a lower level on exchanges can mean less immediate selling pressure on ETH’s price.
In short, the recent rebound has traders weighing the possible paths for ETH. Some see more upside, while others fear a return to weakness if certain price levels fail to hold.
Bearish views persist for now
Not everyone is convinced that ETH is ready to rise significantly. On the bearish side, X user Crypto Tony warned that new lows could appear if the price drops below $1,820. They called that level “the last line of defence.” If the bulls manage to reclaim $1,940 decisively, they said, “we are back in business.”
Other analysts weighed in with different levels to watch. Ali Martinez and Lucky offered their projections. They said that if ETH breaks below $1,800, the next important support levels could be at $1,584, then $1,238, and finally at $1,089. A support level is a price point where demand is thought to be strong enough to stop the price from falling further.
One more sign traders monitor is the Relative Strength Index, or RSI. Since ETH has moved up sharply in a short time, the RSI has climbed above 70. This is a sign that the market may have become overbought. In simple terms, when the RSI is high, it means prices rose too fast and could be due for a pullback. The RSI value below 30 is often seen as a buying opportunity because the price might rebound from being too low. You can learn more about the RSI here: Relative Strength Index.
The big picture here is that people have different ideas about where ETH is headed next. Some think a stronger move could come soon. Others worry that prices could fall again before rising. The market mixes hope with caution, and traders keep watching key price zones and indicators to guide their decisions.
This article originally appeared on CryptoPotato, and it summarizes the ideas circulating among traders and analysts about the near-term future of Ethereum.
Definitions for key terms
What is Ethereum? It is a decentralized blockchain platform that supports smart contracts and decentralized applications. The native cryptocurrency on Ethereum is Ether (ETH).
What is The Merge? It is Ethereum’s upgrade that changed how it reaches consensus, moving from proof-of-work to proof-of-stake. This upgrade also reduces energy use.
What is Relative Strength Index (RSI)? It is a technical tool that helps traders see if prices are moving up or down quickly. It shows whether a market is overbought or oversold. A high RSI can mean a price might fall soon; a very low RSI can mean a price might rise soon.
What is Market capitalization? It is the total value of all the coins in circulation, calculated by price per coin times how many coins exist. It gives a sense of how large the market is.
What are double top and double bottom? These are chart patterns used by traders. A double top is usually a warning that the price might fall after hitting two high points. A double bottom is a signal that the price might rise after two low points.
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