Ethereum has rallied above $2,700, with analysts projecting a potential surge to new highs. Popular traders target $3,000, while others see moves to $3,400 and $4,100. Optimist Gerla forecasts a run to $10,000, stating the next rally could surprise many. Meanwhile, ETH withdrawals from Binance have hit a three-year high, reducing selling pressure. However, some analysts warn of a bear trap to $1,500 or $1,400.
Ethereum has rallied above $2,700 amid the broader market’s resurgence. Most analysts are optimistic the revival could become a full-blown bull run, with some projecting a move to a new all-time high.
X user Wealthmanager believes ETH should reach $3,000 “relatively soon.” They claimed there is little resistance between $2,750 and $3,000, adding that “the next impulse up is just a matter of time.”
Popular analyst Michael van de Poppe argued that Ethereum is entering an “interesting zone.” He stated that if the area breaks, the next resistance is likely $3,400, adding: “I don’t think we’ll see anything sub $2,000 in the near future again.”
Trader Tardigrade spotted an inverse head-and-shoulders setup on ETH’s 3-day chart, projecting a rally to $4,100. X user Gerla appears among the biggest optimists, maintaining that the cryptocurrency is still “ridiculously early in this move” and forecasting a potential explosion to a new historical peak of $10,000. “The next Ethereum run could surprise a lot of people,” he added.
Meanwhile, ETH investors have been abandoning Binance at a pace not seen in three years. This development reduces immediate selling pressure, reflects a longer-term holding strategy, and strengthens the bullish price scenario.
Not everyone is certain the cryptocurrency will keep pumping. Earlier this month, X user DANNY claimed ETH is setting up for “a huge trap” and envisioned potential capitulation to $1,500. Analyst Midas echoed a similar prediction, envisioning a retest of the $1,700–$1,800 range and then a drop to as low as $1,400, though they added that long-term the setup could become one of the strongest opportunities of the cycle.
