Analyzing the Likelihood of Ethereum Reaching $2500

Ethereum Bulls: ETH Surges Over 5% in 24 Hours, Market Indicators Remain Bullish

After a week-long decline, Ethereum investors were finally able to rejoice as the token’s daily chart turned green. According to CoinMarketCap, ETH was up by more than 5% in the last 24 hours, signaling a potential shift in market sentiment. At the time of writing, Ethereum was trading at $2,318.33 with a market capitalization of over $278 billion. This sudden uptrend gave investors hope for a sustained bull rally, but an analyst had a different perspective on the matter.