Ethereum Surges Past $2,200 as Analyst Predicts $5,791 Target

Ethereum has experienced a significant price surge, breaking past the $2,200 mark with a 32% increase over the past week. This rally follows Bitcoin's rise above six figures, positively impacting the overall crypto market.

$2,200 Breakout Confirms Strength

Ethereum's recent price action indicates the potential end of its bear market.
The breakout surpassed a previous resistance level that had acted as a ceiling since March.
High trading volume accompanies this bullish movement, suggesting sustained momentum.
Analysis indicates Ethereum may reclaim its all-time highs in the near future.

$5,791 An 'Easy' Target

Analyst MasterAnanda predicts Ethereum could reach approximately $5,791 based on Fibonacci extension levels.
A price of $10,000 is projected to be achievable by the end of 2025 due to increased capital inflow.
Current estimates suggest $250 billion could enter the crypto market during this rally phase.

As of now, Ethereum is trading at $2,395.