
A new price prediction for Ethereum (ETH) has emerged, aiming to hit a staggering high point by the end of 2025.
The crypto space has seen an influx of interest from major institutions lately. According to Boston Consulting Group, the tokenized asset market could reach $16.1 trillion by 2030.
As such, institutions are pivoting toward digital assets, and a tokenized future is quickly approaching. As the core settlement layer of that financial future, Ethereum is a logical convergent point for institutions.
Specifically, this year has seen an interest in ETH from the likes of BlackRock (NYSE:), Fidelity, and Coinbase (NASDAQ:), as well as Sony (NYSE:) and UBS (SIX:).
Recently, President Trump’s announcement of a Digital Assets National Stockpile has further fueled optimism that Ethereum could form the basis of regulated blockchain finance.
The Relative Strength Index (RSI) is currently at 54.51, suggesting neutral-to-slightly-bullish momentum in the market. It has bounced from the oversold zone and is now trading above the midpoint. This indicates a bullish divergence from the prior price lows in early April.
The Moving Average Convergence Divergence (MACD) has crossed above the signal line with increasing green histograms, which signifies a building of bullish momentum. This momentum could support a potential breakout attempt in the near term.
The 1.618 Fibonacci extension at $2,033 is the immediate upside target in a bullish breakout. Other resistance levels to watch out for include 2.618 at $2,338, 3.618 at $2,643, and 4.236 at $2,831.
The price action in the short term has been moving around the $1,790 zone, which is a critical consolidation level. A strong move above $1,845, which is the local resistance, may confirm a breakout toward $2,000 and beyond.
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