Ethereum Set For A Bullish Breakout? Expert Cites Strong Upside Potential

As Ethereum begins to indicate positive price motion once more, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory within the short term, suggesting a possible rally within the upcoming weeks.

A 63% Rally For Ethereum Could Be On The Horizon

In an optimistic post, market expert and enthusiast, Javon Marks has expressed his confidence a few possible bullish breakout, pointing to a sturdy upside momentum within the near term. The expert points to several market indications and technical setups that show promising signals, with ETH overcoming recent resistance levels that would set the stage for a price spike.

In response to the expert, Ethereum appears to be getting close to a different significant breakout point, and a bullish break is prone to happen as a result of a previous bull pattern confirmation and breakout, implying an identical price movement for the altcoin to past positive trends.

Because of this, Javon Marks believes that this key breakout will trigger a price growth to the $4,080 level, which is greater than 63% away from its current value movement. As well as, the analyst claims that development might transform the beginning of a much greater upside within the upcoming weeks.

Ethereum breakout could trigger a 63% growth | Source: Javon Marks on X

Javon Marks’ anticipated breakout coincides with the growing sentiment and optimism toward the altcoin, signifying possible renewed momentum. Mark’s prediction also aligns with Ash Crypto, one other market analyst and trader, who has forecasted that ETH could hit a latest all-time high in 2025.

After examining Ethereum’s recent price motion, Ash Crypto noted that the altcoin has reached its major trendline support able to igniting a notable price surge. That is as a result of the incontrovertible fact that the digital asset witnessed a tough pump the last 3 times it retested the foremost trendline.

The primary time ETH retested the trendline in 2022, it surged by over 123% within the period of three months, the second time caused about 107% increase in 7 months, and the last, which was in 2023 triggered an over 158% upswing in about 6 months. Thus should the digital asset replicate this move, Ash Crypto is confident that it could witness a 100% rally from its present value to a latest all-time high in 2025.

ETH Preparing For A Rebound?

Following a number of days of downside movement, ETH investors are starting to indicate their presence available in the market, pushing the altcoin toward a possible rebound. Ethereum is presently trading at $2,460, demonstrating a transient upward movement of about 0.60% day by day increase, slowly approaching the $2,500 price level.

Given the heightened interest in ETH, the asset could proceed to print more gains as bulls have formed strong support on the $2,450 mark. Data from CoinMarkCap reveals that the trading volume of ETH has surged by greater than 20% up to now day.