NewsBTC

13 May 2025

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Ethereum Price Surpasses $2,400, Marks 50% Increase in One Month

The Ethereum price has surpassed $2,400 for the first time since March, marking a 50% increase over the past month, outpacing Bitcoin's 19% rise.

Key Points

• Ethereum is viewed as a leading investment among cryptocurrencies.
• VirtualBacon states Ethereum's fundamentals remain strong despite its slower price surge compared to others.
• The ETH/BTC trading pair has rebounded from multi-year support levels, signaling potential altcoin cycles.
• A reclaim of the 0.382 Fibonacci retracement level could lead to a 60% gain for Ethereum.
• Current consolidation around critical levels suggests a strong accumulation phase.
• Ethereum remains integral for real-world applications and stablecoins, recognized legally as a commodity.
• Future performance may be influenced by the Federal Reserve's monetary policy, with a potential pause in quantitative tightening expected later this year.
• VirtualBacon predicts Ethereum could reach $10,000 if Bitcoin hits $200,000, and up to $12,000 if it climbs to $250,000.

Currently, Ethereum trades at $2,440, showing an 8% increase over the past week.