- Ethereum has surged past $2,500 with a 40% weekly rally, putting nearly 67 million ETH on the verge of profitability.
- A breakout above $2,557 could trigger a rapid move toward $3,000, fueled by bullish momentum and potential short liquidations.
Ethereum is on a tear. After a stunning 40% surge in the past week, ETH has officially reclaimed the $2,500 level — a significant psychological and technical milestone. As bullish momentum builds, nearly 67 million ETH is poised to turn profitable, potentially setting the stage for a parabolic move toward $3,000 and beyond.
The rapid price upswing from $1,812 to $2,584 in just three days created a textbook “three white soldiers” pattern — a classic bullish signal. More notably, ETH’s current trajectory forms a rounding bottom on the charts, a powerful reversal pattern that suggests an 81% upside. If this plays out, Ethereum could be eyeing a longer-term target of $4,570.
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Adding to the bullish narrative, the ETH price has confidently moved above the 200-day Exponential Moving Average (EMA), a strong indicator of a trend shift. The Relative Strength Index (RSI) has entered overbought territory, signaling strong buying pressure but also cautioning that a short-term cooldown may be in the cards.
Market dynamics also point to growing volatility. According to Coinglass data, a mere 3% price movement could trigger nearly $800 million in short liquidations — a setup ripe for a short squeeze. On the downside, a similar drop could liquidate $715 million in long positions, underlining how delicately ETH balances at this stage.
Meanwhile, on-chain data from IntoTheBlock reveals that approximately 6.61 million Ethereum addresses are on the cusp of breaking even, with holdings totaling nearly 67 million ETH. The average entry price sits between $2,360 and $2,557. As Ethereum trades above this range, the shift into profitability could strengthen bullish sentiment and reinforce a strong support floor.
With the broader crypto market recovering and Ethereum’s fundamentals aligning, the march toward $3,000 seems increasingly plausible. If bulls hold the $2,500 line and trigger further liquidations, Ethereum may soon hit a pivotal milestone — one that could reshape its 2025 trajectory.
