Ethereum’s rebound above $2,000 has already sparked a fair bit of bullish sentiment and the recovery has also pushed other altcoins higher. Despite the price correction, it doesn’t look like the uptrend is completely over yet, especially as bulls have been able to maintain the support above $2,000. Speaking on this, crypto analyst Celal Kucuker has shared an interesting opinion on what would happen to the Ethereum price and what would happen before it crashed to $1,500.
Ethereum Price Surging To $2,900 Is More Likely
Going through the history of the Ethereum price, the crypto analyst highlights important levels that the cryptocurrency has already surpassed and the important levels lying in wait ahead. This analysis points out that the Ethereum price has already cleared $3,350 previously, a major level.
Another major level that the digital asset has previously touched lies at $1,850, which happened with the most recent crash back in February of 2026. With these two levels already touched, it moves onto the next important level to breach, and that is $2,950.
According to the crypto analyst, it is more likely for the Ethereum price to surge to $2,900 before $1,500. Thus, it is expected that $2,950 will be hit first, but then the following correction will send the price almost 50% below, back down to $1,500.
Despite this crash, though, it is not all bearish for the Ethereum price. The analyst predicts that once this bottom is hit, then the cryptocurrency’s price will rise again. This time with a 400% increase that will send it to new all-time highs, and then eventually reach $6,100.
Another interesting thing about this analysis is the timeframe for it. Instead of putting Ethereum’s all-time highs on a multi-year timeline, the analyst says that this will actually happen in 2026, with the peak being sometime in the last quarter of the year.
Is It Time To Buy ETH?
With the recent decline, analysts seem to be looking at this as a buy opportunity, rather than a bear market continuation. Crypto analyst Ali Charts shared on X that following the decline, Ethereum has now entered a ‘generational buy zone’.
What this means is that historically, this has been a zone where the price has bounced from. Ali explained that each time this level had been hit in the past, it had triggered an at least 100% rally for the cryptocurrency. If this trend holds, then the Ethereum price could hit over $4,000 as a result.
Featured image from Dall.E, chart from TradingView.com
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