Ethereum Price Prediction: $5K on the Horizon, Bulls Hold Strong

Ethereum Price Prediction: Weekly Close Above $4.1K, Next Target $5K

The Ethereum price has delivered one of the most ironic plot twists in crypto history. During the recent crypto market crash on Saturday, hackers panic-sold 8,638 ETH for $32.5 million at $3,764, taking a $5.5 million loss. Their repurchase of the token coincided with the price surge, which closed above the $4100 support.

Analysts and experts are closely watching the altcoin’s movements to provide a clear Ethereum price prediction. Considering its current trajectory, analysts believe that ETH’s next target is a new all-time high of $5,000.

Ethereum Price Prediction: Is $5K in Sight?

Following the recent market crash that followed US President Donald Trump’s 100% tariff on China, the ETH price has rebounded.  After falling to a low of $3,900 from $4,700, the altcoin has surged back to $4,180, marking a daily hike of 10%. However, the cryptocurrency has seen severe downturns of 8% and 12% over the past week and month, respectively.

In an X post, Ash Crypto highlighted ETH’s weekly candle close above $4,100, which marks a critical support level. This significant breakthrough has sparked speculations of the altcoin’s sustained rally, with the next target at $5,000.

Driven by this bullish trend, the community is showing increasing interest in the token. This is visible in the notable 20% rise in the 24-hour trading volume, which is at $60.53 billion. This growing investor interest indeed could positively impact the altcoin’s potential uptrend.

Hacker Liquidation

One of the most striking on-chain events during Saturday’s crash came from a group of hackers who made a costly mistake driven by fear. In a rush to exit their position, they panic-sold 8,638 ETH for $32.5 million at a price of $3,764, locking in a $5.5 million loss.

As the market rebounds, according to a Lookonchain post, the group repurchased 7,816million, worth $32.5M at a higher price of $4,159. This massive accumulation has, in turn, contributed to the positive sentiment, with experts putting forward a bullish Ethereum price prediction.

During the Saturday market crash, about $20 billion in digital assets were liquidated across major exchanges like Hyperliquid, Bybit, and Binance, with Bitcoin and Ethereum facing significant losses. Though the figure has significantly dropped, ETH tokens are still facing liquidation. Over the past 24 hours, around $220 million has been wiped off, with $61.50M in long positions and $158.83M in short positions.

Despite this liquidation event, the Ethereum price prediction remains promising, with the community anticipating its move to $5k. In a post, TraderPA noted that the token is also expected to hit a more ambitious point of $6,500 in early 2026.