Ethereum (ETH) is currently trading at $4,068.91, which represents a 5.41% drop within the last 24 hours. Trading volumes were also down by 3.64% to $50.79 billion as a reflection of muted buying interest. Within the last week, ETH registered a 10.87% decline and fell below its previous level of $4,072.93.
Analysts point to larger risk-off sentiment on the digital asset front as the cause of this pullback, with short-term traders taking profits on ETH’s previous rally. Despite this correction, ETH remains above the $4,000 level, which many regard as an essential support region.
Crypto analyst Crypto King said that, noting Ethereum’s 86% rally after breaking its last downtrend line, he thinks the token is consolidating ahead of its next substantial rally upwards.
Based on his analysis, Ethereum may turn its attention to the level of $6,000 soon, which will be a powerful rebound move from its current level. “The chart is programmed. $6,000 is next. Do not say I did not warn you,” he wrote, emphasizing his belief in the outlook for ETH.
This optimism reflects a broader consensus among positive investors that Ethereum’s fundamentals, in its use case within decentralized finance (DeFi), smart contracts, and NFTs, have not been affected by short-term price reversions.
Also Read | Ethereum Eyes New All-Time High After $1.62 Billion Institutional ETH Purchase
According to DigitalCoinPrice, Ethereum might hit its all-time high previously at $4,891.70 and rally possibly to $8,105.42 or even $8,880.39 by next year’s end. Such a situation would be a massive turnaround and solidify ETH as the top altcoin.
Changelly’s review presents a more modest scenario. Their 2025 prediction sets ETH’s low at $2,975.18 and its high at $4,055.96, with its average trading price around $5,136.74. August 2025 prediction by Changelly sees ETH trading within the region of $4,274.51 to $5,004.87, which projects modest gains with a possible ROI of 27.4%.
Also Read | Ethereum Whales Shrink as Sharks Accumulate 4.4M ETH, Price Holds Above $4K