{"id":846380,"date":"2025-05-07T09:12:15","date_gmt":"2025-05-07T14:12:15","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/07\/ethereum-ready-to-break-2100-heres-what-you-need-to-know-about-its-recent-rise\/"},"modified":"2025-05-07T09:12:15","modified_gmt":"2025-05-07T14:12:15","slug":"ethereum-ready-to-break-2100-heres-what-you-need-to-know-about-its-recent-rise","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/07\/ethereum-ready-to-break-2100-heres-what-you-need-to-know-about-its-recent-rise\/","title":{"rendered":"Ethereum Ready to Break $2,100? Here\u2019s What You Need to Know About Its Recent Rise"},"content":{"rendered":"
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\"Whales<\/figure>\n<\/div>\n
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Ethereum, the second-largest cryptocurrency by market cap, has started to rise after a long period of steady prices. Popular crypto expert Michael van de Poppe believes Ethereum is showing signs of recovery and could reach $2,100 in the next few weeks.\u00a0<\/p>\n

But what\u2019s behind this prediction, especially when Ethereum\u2019s ETF saw $17.9 million in outflows today? Let\u2019s break it down.<\/p>\n

Ethereum Holds Strong, Eyes $2,100 Target<\/h2>\n

According to van de Poppe, the recent bounce from the $1,740\u2013$1,837 range is more than just a small uptick, it\u2019s a strong bullish signal. This area was previously supported, and after dropping below it in April, ETH has now reclaimed it.<\/p>\n

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$ETH<\/a> is hodling above the crucial level and starts to bounce upwards.<\/p>\n

I think we’ll be about to witness a big breakout to $2,100 in the coming 1-2 weeks. pic.twitter.com\/p10vYV6ueX<\/a><\/p>\n<\/div>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) May 7, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

That means buyers are showing interest again, which could push the price higher.<\/p>\n

The chart also shows a potential next target around $2,105. If ETH manages to hold its current level and break past resistance, this target could be hit in the coming 1\u20132 weeks.<\/p>\n

This price level isn\u2019t random, it\u2019s where Ethereum last faced major resistance, and a clean break above it could signal the start of a broader rally. And if ETH breaks, the price could rise even more.<\/p>\n

ETH Trading Activity Slows Down<\/h2>\n

At the same time, Ethereum\u2019s trading activity is slowing down, and that might help. Recent data from CryptoQuant shows smaller and lighter trading volume bubbles, meaning fewer big trades and less sudden movement.<\/p>\n

CryptoQuant analyst Darkfost says this slowdown could make the market more stable. When there\u2019s less trading during a price drop, it helps ease pressure and gives buyers and sellers more time to think.<\/p>\n

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ETH spot volume is cooling<\/p>\n

\u201cEthereum spot volume is cooling off, and that might actually be a good sign\u2026 This could also potentially ease the selling pressure that’s been weighing on the market.\u201d \u2013 By @Darkfost_Coc<\/a> pic.twitter.com\/xVXqT5oLry<\/a><\/p>\n<\/div>\n

\u2014 CryptoQuant.com (@cryptoquant_com) May 6, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Together, these signs suggest Ethereum might be finding its strength again, with a calmer market and room to climb.<\/p>\n

$17.9 Million Ethereum ETF Outflow<\/h3>\n

Despite some bullish signals,\u00a0 Farside Investors reported a notable outflow of $17.9 million<\/a> from Ethereum ETFs on May 6, 2025. The entire outflow came from the Fidelity Ethereum ETF (FETH), while other major ETFs showed no change. As a result, this might put some short-term pressure on ETH prices and affect the overall liquidity in the cryptocurrency sector.<\/p>\n

As of now, the Ethereum price is trading around $1831<\/a>, reflecting a $3.34% seen in the last 24 hours, with a market cap hitting seen in the last 24 hours.\u00a0<\/p>\n<\/div>\n

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We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
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\n Mustafa Mulla<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum, the second-largest cryptocurrency by market cap, has started to rise after a long period of steady prices. Popular crypto expert Michael van de Poppe believes Ethereum is showing signs of recovery and could reach $2,100 in the next few weeks.\u00a0 But what\u2019s behind this prediction, especially when Ethereum\u2019s ETF saw $17.9 million in outflows<\/p>\n","protected":false},"author":1,"featured_media":846381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,2923],"tags":[],"class_list":{"0":"post-846380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"category-ready"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/846380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=846380"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/846380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/846381"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=846380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=846380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=846380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}