Ethereum Gains 1.43% in 24 Hours Amid Bullish Signals and Fee Reductions

Ethereum, the second-largest cryptocurrency by market capitalization, has shown resilience and bullish signals in recent trading sessions. The cryptocurrency has maintained stability above key support levels, with technical indicators suggesting potential upward momentum.

Analysts have highlighted several bullish signals that could drive ETH prices substantially higher in the coming weeks. Ethereum is currently trading at $2,544.49, with a steady volume and positive weekly performance. The cryptocurrency community remains optimistic about Ethereum’s trajectory as network fundamentals strengthen across multiple metrics.

Cryptocurrency analyst Ash Crypto noted Ethereum’s current sideways movement following a robust 41% rally in May. The digital asset has established strong support at $2,300 while facing resistance near $2,850 levels. Technical analysis reveals multiple bullish indicators, including a weekly RSI breakout and a MACD bullish crossover pattern. Additionally, ETH price continues trading above its 200-week moving average, suggesting long-term strength.

Stochastic RSI measurements show upward momentum building as institutional inflows into Ethereum ETFs provide additional support. The analyst projects Ethereum could reach $4,000 within the next four to six weeks based on current technical formations. This price target represents significant upside potential from current levels around $2,544.

Meanwhile, broader market conditions remain favorable with US stocks near all-time highs and Bitcoin pushing toward new records. The expanding M2 money supply continues supporting risk-on assets like cryptocurrencies and altcoins.

Ethereum’s scaling solutions have achieved remarkable cost reductions over the past 30 days. Base network fees decreased by 34.8% to 66 ETH while World Chain saw even steeper declines of 64.5% to 33 ETH. Arbitrum experienced the most dramatic reduction, with an 84.5% drop to just 20 ETH in transaction fees. Optimism and Polygon networks also recorded significant decreases of 68.5% and 78.6%, respectively.

These fee reductions demonstrate Ethereum’s evolution into cost-efficient infrastructure rather than expensive transaction processing. Layer 2 solutions utilizing optimistic rollups and zero-knowledge proofs have successfully reduced gas costs by up to 90% compared to mainnet transactions. The trend toward near-zero fees reflects ongoing improvements in blockchain scalability and user accessibility.

Current market data indicates Ethereum has gained 1.43% over the past 24 hours, with trading volume reaching $13.88 billion. The cryptocurrency has also posted a 2% increase over the past seven days, outperforming the broader cryptocurrency market’s 1.30% weekly gain. ETH trading ranges have narrowed from $2,419.51 to $2,666.52 over the week to $2,482.70 to $2,544.95 in recent daily sessions.

Cryptocurrency analyst Batman suggests Ethereum mirrors its 2020-2021 price structure almost perfectly, indicating potential for significant breakouts ahead. The analyst expects substantially higher price levels in the coming weeks and months as altcoins typically follow Ethereum’s leadership during bull market phases. This pattern could trigger the anticipated altcoin season that many traders have been waiting for throughout 2025.