Ethereum Price Surges 50%: Is It Time to Invest?
Jakarta, Pintu News – The price of Ethereum (ETH) recently hit the $2,400 mark, a significant milestone since it was last recorded in March this year. The rise marks an impressive recovery for the second-largest cryptocurrency by market capitalization, with a 50% increase in the past month, surpassing Bitcoin’s (BTC) rise of just 19% in the same period.
Ethereum Price Potential Increases
A leading analyst in the crypto analysis community, VirtualBacon, recently stated that Ethereum (ETH) is the best cryptocurrency to buy right now. Although the price of Ethereum (ETH) is not surging as fast as other cryptocurrencies, its fundamental strength remains solid.
In a post on social media X (formerly Twitter), VirtualBacon updated its timeline and price target for Ethereum (ETH), noting that the currency is trading near $2,500, a significant recovery from its 2022 low.
According to VirtualBacon, although Solana (SOL) is faster in terms of transaction speed, Ethereum (ETH) remains the backbone for most real-world applications and stablecoins. Ethereum (ETH) is also the only altcoin recognized as a commodity in legal terms, which boosts confidence from institutional investors.
Also Read: Potential for XRP, Kaspa, and Solana in the Next Altcoin Cycle According to Analysts!
VirtualBacon Projection: $10,000 for ETH
VirtualBacon argues that a key indicator of Ethereum’s (ETH) potential is the ETH/BTC trading pair, which recently bounced off a multi-year support level. Historically, bounces like this often signal the beginning of an altcoin cycle, which goes hand in hand with shifts in global liquidity.
If Ethereum (ETH) price can reclaim the 0.382 Fibonacci retracement level against Bitcoin (BTC), it could see substantial gains of around 60%. A further retracement to the 0.5 level would push its value beyond 0.05 BTC, increasing the bullish sentiment surrounding Ethereum (ETH).
Fed Monetary Policy and Its Impact on Ethereum
Ethereum’s (ETH) future performance is closely tied to the Federal Reserve’s (Fed) monetary policy decisions. With quantitative tightening (QT) slowing to $5 billion per month-the lowest level in recent history-VirtualBacon strongly anticipates a possible pause in QT in the third or fourth quarter of this year.
VirtualBacon predicts that this pause could trigger a bottom for the ETH/BTC pair, paving the way for significant Ethereum (ETH) price movement to the upside. If Bitcoin (BTC) reaches $200,000, ETH could reach a price target of $10,000. If Bitcoin (BTC) rises even higher to $250,000, Ethereum (ETH) price could jump to $12,000.
A Bright Future for Ethereum
With Ethereum (ETH) price currently at $2,440, up 8% in the last seven days, the future outlook looks bright. Analyses and projections by experts such as VirtualBacon suggest that Ethereum (ETH) has not only recovered from its previous decline but is also poised for greater growth in the future. This is the perfect time to consider Ethereum (ETH) as part of a crypto investment portfolio.
Also Read: New York Mayor Appoints Crypto Advisor After Corruption Case Dropped
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- NewsBTC. Ethereum Price Surges 50%, Top Expert Declares It the Best Crypto to Buy Now. Accessed on May 13, 2025
- Featured Image: Bitcoinist