Crypto analysts are closely monitoring ETH’s recovery after the asset plummeted to $3500 last Friday before rising to $4100 amid a broader market recovery.
Popular analyst Ted Pillows said the bulls managed to reclaim the $4060 support level, thereby demonstrating a V-shaped recovery pattern, a bullish signal indicating strong market momentum.
He believes the next key resistance level is at $4250. A break above this level will likely return bulls to control of Ethereum’s short-term trend.
Other market analysts have expressed similar opinions, noting that ETH is poised for a multi-month rally. Mike Investing, for example, stated that the altcoin’s recent pullback below $4000 was the last one before the start of a multi-month rally.
According to him, large institutional investors, including BitMine and BlackRock, have collectively accumulated billions of dollars in ETH during the recent market crash. He predicts that by May 2026 эфириум could exceed the $7000 mark if current trends continue.
Analyst Javon Marks has an even more optimistic forecast. He believes that a break of the key resistance level at $4811,71 could trigger a rally that would эфириум will rise in price to $8500.