The price of Ether Lee shed tears earlier this week and raised the level of $ 2,800 for the first time since February 2025. But the expanded tension between Israel and Iran has had most of the downward pressure in the crypto market.
Ether Leeum’s price has dropped from $ 2,800 to $ 2,500, reflecting significant rest in Altcoin’s optimistic development. However, according to historical price data, Etherrium prices may be fine if they are higher than $ 2,500.
Can I make a profit to $ 4,000 at Ether Leeum price?
In a recent post on Social Media Platform X, Rekt Capital, an encryption analyst, has been recent decline and explained the potential impact on the current setting of Etherrium prices and the future trajectory. According to an online expert, the second largest cryptocurrency is a significant support cushion and has established $ 2,500 of the area.
After the first quarter of the year, Ether Leeum’s price has risen to more than $ 2,000, experiencing an explosive start from May. However, Altcoin struggled to cut more than $ 2,800 last week, and generally exceeded $ 2,500 after facing rejection at this resistance level.
According to REKT Capital, Etherrium prices have shown more than $ 2,500 over the last five weeks. The encryption analyst said that if this trend continues, the value of Altcoin can see a significant surge and return to about $ 4,000.
Rekt Capital emphasized that the $ 2,500 with support has promoted the rally of Ether Lee Rim price, which has expanded to $ 4,000 in the past. As you can see in the chart below, ETH’s price has been finished for about $ 2,500 from August to October, and then powerfully moved to $ 4,000 in late 2024.
Source: @rektcapital on XEther Leeum’s price was last $ 4,000 in mid -December 2024, and nearly 60%of the conflicts occurred earlier this year. The return to ETH’s cycle peak can indicate the beginning of the anticipated Altcoin season.
At this point, ETH’s price is about $ 2,577, reflecting almost 3% decrease in the last 24 hours.
Ether Leeum dominance reaches five years height
Rekt Capital has revealed that Ether Leeum dominance has risen over the last few days in X’s separate post. According to the latest data, Altcoin has been on the rise by achieving 10%of the first 10%market dominance since 2020.
If this positive trend continues and Altcoin’s market rule continues to improve, investors can see that Etherrium prices are impressive. Moreover, this can also reduce bitcoin dominance and improve the possibility of seeing Altseason this period.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock’s main image, TradingView chart
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