Is Ethereum (ETH) Ready to Break its All-Time High Price?

Key Takeaways

Ethereum (ETH) trades less than 30% below its all-time high price.
Ethereum has increased by over 170% since its April 7 low.
Can Ethereum sustain its increase to a new all-time high price?

After a steep decline earlier this year, Ethereum (ETH) has staged a remarkable recovery, rapidly approaching its all-time high price.

Ethereum’s price increased by 25% last week and has nearly reached the $4,000 resistance area today. If it breaks out, a new all-time high will be next.

Ethereum’s rally raises two key questions: Why is it finally going up, and how long will it continue? Let’s find out.

Why is ETH Going Up?

Ethereum’s weekly chart is extremely bullish since the price invalidated a breakdown from a long-term ascending support trend line.

Bearish momentum dominated in the first quarter of 2025, leading to a 60% decline and a low of $1,385 on April 7.

Not only did the ETH price plunge, but it also broke down from the trend line that had supported the entire bull run since June 2022.

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At the time, it wasn’t unreasonable to believe that Ethereum had started a long-term bear market.

However, the price movement since April has been nothing short of extraordinary.

First, ETH reclaimed the trend line and then went parabolic once it confirmed it as support (green icon).

Ethereum increased by 25% last week and has nearly reached the $4,000 resistance.

Not only does the price action point to more upside, but momentum indicators are also positive.

Ethereum Weekly — ETH/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

The Relative Strength Index (RSI) crossed 50 while the Moving Average Convergence/Divergence (MACD) crossed 0.

This signal has previously triggered substantial increases, and it appears that the third time will be no exception.

Once the Ethereum price breaks out from the $4,000 horizontal resistance area, the road to a new all-time high (ATH) price will be clear.

New ETH ATH Price?

Ethereum’s wave count suggests a new all-time high price is right around the corner.

Even though the movement since the June 2022 bear market low is not an impulse, the one since April 2025 is one (green).

So, ETH is likely finishing an irregular correction (red) that will lead to a new all-time high price.

Ethereum Count — ETH/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

The ETH price today is likely in wave C (black) of an A-B-C correction that began in June 2022 and is now in its final portion.

If the count is accurate, Ethereum will reach a top between $5,770 and $7,326.

The 1.61 external Fibonacci retracements of the short- and long-term corrections create the target for the high.

Dominance Surges

Nothing illustrates Ethereum’s underperformance this cycle better than the ETH dominance chart.

The chart shows a 70% price decline that began in December 2021 and culminated with an all-time low of 7.22% on April 7.

This marked the bottom of the bear market, just like the price action. Since then, the Ethereum dominance chart has spiked, reaching 11.85%.

During this time, the weekly RSI bounced from its oversold territory and is now above 50, confirming the bull market.

Better yet, there is no substantial resistance until 14.67%, so Ethereum’s outperformance will likely continue.

ETH Rises From the Ashes

Ethereum has been one of the most disappointing cryptocurrencies performance-wise in the current bull market.

After being left for dead in April, the current price of Ethereum has spiked and is nearing an all-time high.

Once Ethereum clears the $4,000 resistance area, it could reach a new ATH price between $5,770 and $7,326.

Ethereum’s dominance is also surging and will likely continue in July and August.

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Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

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