Top Ethereum Price Predictions as ETH Rises Above $2,500

The second-largest cryptocurrency rose by 2% over the past 24 hours, thus once again jumping beyond the $2,500 milestone and adding fresh fuel to analysts’ prevailing bullish outlook.

However, not everyone shares that optimism, with one market observer warning of a potential 40% collapse ahead. Modest and Ridiculous Targets ETH’s increase to approximately $2.5K seems to be a major turning point for the asset.

X user Gerla claimed a clean break above that mark could mark the beginning of a new bull run, while losing the rising support may hamper the overall uptrend. Ted spoke on the matter when ETH briefly climbed to the resistance zone of $2,550.

In his view, a weekly close above that level could result in a further surge to $3,000. Shortly after, he suggested that a daily close beyond might be followed by a 10%-15%.