Ethereum’s price has rebounded with significant daily, weekly, and bi-weekly gains, positioning it as a top performer among major cryptocurrencies. However, it remains down substantially over the past month. The rally coincides with a broader market upswing led by Bitcoin reclaiming $69,000, though one trader notes fundamental indicators for sustained strength are unconvincing. Meanwhile, some analysts project a bullish long-term trajectory for the asset.
The cryptocurrency market is showing signs of a recovery after a recent dip. According to CoinGecko, Ethereum (ETH) has registered an 8.7% rally in the daily charts, a 5.3% rally weekly, and a 6% gain over 14 days.
Despite this performance among top assets, ETH’s price is still down over 29% for the previous month and nearly 17% since late February. The rebound aligns with a larger market resurgence where Bitcoin reclaimed the $69,000 level and crypto-related stocks saw gains.
This marks the third attempt by Ethereum to surpass the $2,300 mark after facing prior rejections. Jasper De Maere, an OTC trader at Wintermute, stated, “fundamental indicators still remain unconvincing that this strength will see much follow-through.”
In contrast, CoinCodex analysts are quite bullish on Ethereum’s outlook. The platform anticipates the second-largest crypto will enter a bullish trajectory over the coming months.
CoinCodex predicts Ethereum will hit $3,875.14 on May 27, 2026, which would be a rally of nearly 87% from current levels. The broader crypto sector, however, remains fragile with low investor sentiment and may not enter a bullish phase until macroeconomic forces cool.
