Ethereum Surges 10% in Week, Trades at $1,675

Ethereum, the second-largest cryptocurrency, has shown signs of recovery, rising nearly 5% in the past 24 hours to trade at $1,675, marking a 10% increase over the past week. This recovery follows a multi-year low of $1,380, with Ethereum rising almost 20% in just five days. Despite this surge, current prices still reflect a 50% decline from the start of 2025.

Alex Becker, a well-known cryptocurrency commentator, expressed strong optimism about Ethereum's future. He predicted a "90% chance" that Ethereum will break its prior record high of $4,890, which is around 60% lower than the peak. Becker's optimism is partly due to the widespread negativity surrounding Ethereum, with many investors writing it off as "dead." He sees this as an opportunity for those willing to accept the risks, suggesting that Ethereum is currently overvalued.

Becker believes that an Ethereum "comeback" would have significant implications for other leading cryptocurrencies. He identified specific coins that could experience explosive growth if his predictions materialize, including Cardano (ADA), XRP, Dogecoin (DOGE), SUI, Avalanche (AVAX), and Solana (SOL). While acknowledging the risks involved in cryptocurrency investing, Becker recommended these coins as potential long-term holdings for investors willing to deal with high-risk assets.

Becker outlined several scenarios for cryptocurrency growth. For Ethereum, he predicted a four-fold return on investment from current levels, with prices potentially reaching as high as $10,000 in a highly optimistic scenario. He was even more bullish on XRP, suggesting it could outperform Ethereum by 25%-50% if it closes the market capitalization gap between the two cryptocurrencies. However, Becker also cautioned about the risks, noting that in the worst-case scenario, Ethereum could fall to $500, a 50% decline from current prices.