Ethereum (ETH) again traded above $2,000 in recent sessions as markets briefly recovered. The uptick coincided with a Bitcoin rally toward $71,000, though ETH stayed in negative territory across several time frames.
According to CoinGecko, ETH is down 0.2% over 24 hours and 5.4% across the last week. It fell 27.5% over 14 days, 32.6% in the past month, and about 22% since February 2025.
Traders said the short-term rise likely reflected forced short-liquidations that injected temporary buying pressure. (Ed. note: liquidation-driven spikes often lack sustained momentum.)
CoinCodex predicts ETH could reach $3,857 on May 9, 2026. That forecast would require roughly an 85% rally from current price levels.
There is no guarantee the projection will occur, as volatility remains high and downside risks persist. Reports also note Vitalik Buterin sold about $6.6 million of ETH in a recent transaction.
