Ethereum Surges 5.28% to $2,981.30 Amid Bullish Predictions

Ethereum (ETH) has shown remarkable performance this week, reaching a high of over $3,000. This surge coincides with Bitcoin hitting its all-time high of $118,000, indicating strong momentum in the crypto market. Ethereum's price has climbed back above the $3,000 mark for the first time since February, marking a significant recovery after a drop from $4,100 in December 2025 to a low of $1,387 in April. This rebound occurs amidst global market uncertainty due to renewed tariff disputes and political instability.

Analysts have made various optimistic observations and predictions about Ethereum's price surge. Pentoshi, a popular crypto analyst, highlighted the shifting sentiment around Ethereum, noting that growing capital inflows, especially from public companies, could soon outweigh all ETH issued since the Merge. With Ethereum’s market cap still a fraction of Bitcoin’s, the analyst suggested it won’t take much to trigger significant price moves. He urged the community to recognize the momentum building behind ETH, calling its rise “inevitable” in hindsight.

Arthur Hayes, the former CEO of the BitMEX platform, predicted that ETH would hit $10,000 following the ongoing surge. “Arise Chikun, it’s time… ETH = $10,000 Yachtzee,” Arthur tweeted on Thursday. Hayes further pointed out that Ethereum is steadily gaining ground against Bitcoin, with the ETH/BTC trading pair slowly climbing from its historical lows. Market analyst XForceGlobal recently echoed similar views, predicting that Ethereum as an asset is on track to eventually reach the $10,000 milestone. He emphasized that growing institutional interest, improving fundamentals, and Ethereum’s evolving role in the blockchain ecosystem all support a long-term bullish outlook.

“The move up on the shorter timeframes was objectively. ETH is still looking to shoot for a new ATH’s this cycle and should end around $9,000- $10,000, give or take.” XForceGlobal tweeted. Analyst Michaël van de Poppe noted that Ethereum is approaching a critical resistance level around $3,500, with a potential breakout on the horizon if bullish momentum persists. He pointed to the growing impact of Ethereum ETFs that include staking features as a possible catalyst, emphasizing that these products could significantly reduce the circulating supply. The analyst suggested that recent regulatory shifts, such as the SEC’s more favorable stance toward proof-of-stake assets, combined with staking demand, may create the ideal conditions for Ethereum to break past this key barrier.

At press time, ETH is trading at $2,981.30, reflecting a 5.28% surge within the past 24 hours. The surge in Ethereum's price has sparked various optimistic observations and predictions from analysts, with many highlighting the growing capital inflows and institutional interest as key drivers of its momentum. Arthur Hayes' prediction of ETH reaching $10,000, along with the bullish outlook from other analysts, suggests that Ethereum's price could continue to rise in the coming months. However, it is important to note that these predictions are based on current market conditions and may be subject to change.