Ethereum Price Prediction: ETH Eyes $6,000 Rally Amid Recovery

ETH Holds $3,130 Support as Bulls Target $6,000

Ethereum is holding strong after finding crucial support near $3,130, a zone that could decide its next major move. Analysts project that if momentum sustains, ETH could reclaim the $4,000 mark before aiming for a rally toward the $6,000–$8,000 range. 

Still, failure to hold this critical floor might expose the asset to deeper pullbacks. Analysts have noted the latest technical and ecosystem data on Ethereum price prediction.

ETH Holds Crucial Support

According to analyst Long Investor, the token is currently testing two strong confluences, which are the 50-week moving average and the 0.618 Fibonacci level at approximately $3,130. Such a bi-support has served as a solid base during past cycles, which indicates buyers' high ability to defend it. The framework is a pattern of an ascending pattern that has existed despite several market volatilities.

ETHUSD 1W CHART | SOURCE: X

Additionally, the chart highlights a wedge formation pointing to a potential bullish continuation. Resistance sits near $4,800, just under the previous cycle peak. A decisive breakout above this level could unlock a large impulsive rally. On the flip side, losing support near $3,130 might open a decline toward $2,800 or even $2,100. For now, the setup favors accumulation, suggesting the worst of the correction may be over.

Short-Covering or True Recovery?

Also, analyst Ted observed that the token's current rebound appears to be more of a short cover than new purchasing activity. The price near $3,280-$3,350 is fragile while approaching resistance at $3,600-$3,700. This zone has shifted from strong support to a rejection zone, suggesting that bulls need to regain this zone to restore confidence in the market.

ETHUSD 1D CHART | SOURCE: X

If momentum regains strength, ETH would have a next target of between $3,820 and $3,900. However, sellers taking charge could take the price back to lower supports of about $3,050-$2,800, where long-term owners tend to re-enter. Ethereum price prediction depends on its ability to sustain a breakout above the current level of $3,600.

Layer 2 Expansion Fuels Long-Term Optimism

In addition to the charts, Ethereum fundamentals are growing at a fast rate. Analyst NekoZ noted the rapid rise of Layer 2, which is currently greater than 24,000 transactions per second on networks such as Arbitrum, Base, and World Chain. This influx highlights the transformation of ETH into a scalable, modular ecosystem with low fees and high speed.

SOURCE: X

Such changes solidify the long-term value proposition of Ethereum and give reason to be optimistic about the future price cycle of the asset. With the continued adoption and the approaching upgrades, such as the Pectra, the network demands could be the source of another bullish momentum.

Ethereum price prediction models indicate a surge, as holding the level above $3,130 will precondition a possible jump to $6,000, underscoring the leading role of ETH in the digital economy.