Ethereum Surges 37.5% in 4 Days, Faces 2.35% Correction

Ethereum (ETH) experienced a significant surge, climbing from $1,825 on May 7 to $2,510 on May 11, 2025. This rapid ascent was followed by a correction, with ETH failing to maintain its intraday highs above $2,562 and retracing to $2,490, resulting in a 2.35% loss over the last 24 hours.

Despite the recent volatility, AI predictions remain bullish on Ethereum's prospects. According to ChatGPT 4o, several factors contribute to a positive outlook for Ethereum. The token's momentum is supported by a 'Fear & Greed Index' crossing above 70, indicating renewed trader confidence. Additionally, increased activity from large holders, or whales, signals optimism about the token's future.

The recent Pectra upgrade, which introduced 11 improvement proposals and raised the maximum stake to 2,048 ETH, has also bolstered network efficiency and contributed to a more bullish price sentiment. ChatGPT estimates that Ethereum could reach $2,850 by June 1, 2025, with the potential for a stronger rally taking the token to $3,000. However, the AI also cautions that if risk-off sentiment returns or profit-taking accelerates, Ethereum could fall back to $2,300.

The cryptocurrency community also shares a positive outlook on Ethereum's future. Influencer Michaël van de Poppe has repeatedly spoken about an impending Ethereum and altcoin bull market since May 11. He believes that the recent rise in the Chinese yuan signals the return of the so-called altseason and views the latest correction as shallow, merely a small bump ahead of the return of the bull market.