Ethereum is trading around USD 2,840–2,850, reflecting a significant drop from its mid-year highs.
The coin recently dipped by over 23% in the past month, suggesting strong selling pressure.
Technical analysis indicates ETH is testing critical support levels — around USD 2,950–2,880 — and currently sits just above its long-term 200-week moving average.
If bearish sentiment continues and support fails, some forecasts warn of a possible move toward USD 3,100–3,200 in the short term.
📈 Medium / Long-Term Outlook & Bullish Cases
Some bullish forecasts suggest that if bearish pressure eases — and technical breakout happens — ETH could climb toward USD 3,800–4,500 by end of 2025.
Factors supporting optimism: strong institutional interest, reinvigorated on-chain activity, potential network upgrades, and renewed confidence in ETH’s long-term value.
However, not all analyses agree — some remain cautious, highlighting resistance at around USD 3,000 (20-day moving average), implying ETH must decisively break that barrier to reset bullish trends.
