Ethereum Surges 15% to $2,502.95 USDT on Bullish Outlook

Cryptocurrency analysis firm MakroVision has released a new analysis report on Ethereum’s technical outlook. The report indicates that Ethereum's price has shown signs of recovery by holding steady above the $2,130 level after a recent dip. The cryptocurrency tested the key support area near $2,130 and rebounded strongly from this level, which was welcomed by investors. This rebound allowed the price to rally back above the $2,400 level.

MakroVision noted that the overall market structure has not yet determined a clear direction, meaning that neither an upward breakout nor a structural breakdown has been observed. According to the analysis, if Ethereum can hold above $2,400, the price could accelerate towards the $2,740–2,880 range. However, in the short term, persistence above the $2,400 level is required for the upward movement to continue. A possible breakdown below $2,130 brings the risk of a deeper correction that could pull the Ethereum price back to around $1,730.

Prominent crypto market analyst Ted Pillows has shared a bullish outlook for Ethereum, predicting that the altcoin could reach a price point of $10,000. This forecast is based on historical patterns and the current market dynamics, suggesting that Ethereum has the potential for significant growth. However, it is important to note that this is an analyst's forecast and not a guaranteed outcome.

As of June 29, 2025, Ethereum has surpassed the 2,500 USDT mark, currently trading at 2,502.95 USDT. This surge in price has been driven by several factors, including rising developer activity and optimism around scaling upgrades. Ethereum's market cap now exceeds $301 billion, reflecting its growing influence in the cryptocurrency market.

Several well-known crypto analysts believe that if Ethereum can hold above $2,400 and break through the $2,510 resistance, it could validate a bullish reversal. This would further solidify Ethereum's position as a leading cryptocurrency and attract more investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.

In conclusion, Ethereum's recent price movements and analyst predictions suggest that the cryptocurrency is poised for growth in the coming days. However, investors should remain cautious and monitor the market closely, as the cryptocurrency landscape is subject to rapid changes.