An Ethereum whale’s $26.45 million purchase has boosted optimism in the market, coinciding with the Ethereum Foundation’s new roadmap aimed at enhancing scalability through layer-1 asset minting, RWAs, and AI integration. The price is currently at $1,680, with analysts predicting future targets between $1,900 and $5,770 by the end of 2025, and even higher in the long run due to increasing institutional interest and technological advancements.
Ethereum has recently witnessed a notable price increase of 5%, closing at $1,680, driven by an anonymous ETH whale’s substantial investment of approximately $26.45 million. This purchase has renewed optimism in the market regarding Ethereum’s future prices. The Ethereum Foundation has introduced a concise roadmap focusing on improving layer-1 asset minting, real-world assets (RWAs), and stablecoin integration while advancing AI protocols aimed at enhancing user privacy. These developments are intended to support scalability and ensure Ethereum maintains a competitive edge amid global economic tensions, particularly between the U.S. and China.
The Ethereum Foundation, represented by Co-Executive Director Tomasz K. Stańczak, detailed the new roadmap designed to boost the performance of layer-1 solutions and facilitate interoperability with layer-2 innovations. Key areas of development include the creation of autonomous systems and the promotion of human-to-human privacy, which aligns with Ethereum’s goal of advancing a decentralised application ecosystem.
Technical analysis on the Ethereum price points to a bullish trend emerging following a consolidation phase. The asset oscillated between a support level at $1,563 and reached a peak of $1,691, indicating a breakout from previous resistance. Current technical indicators hint at a possible market pullback, particularly as the Relative Strength Index (RSI) recently passed the critical threshold of 70. With the RSI now at 73.44, a retracement might occur before Ethereum can challenge higher resistance levels.
To maintain momentum, Ethereum must consistently trade above $1,700, thereby opening the door to potential targets beyond $1,720. However, the support level at $1,660 is crucial to prevent a downturn, which could see prices drop back to around $1,620. The Ethereum Foundation’s focus on scaling initiatives and the increased ETH whale activity on prominent trading platforms further indicate a positive outlook for long-term price advancement.
Analysts project a bullish trajectory for Ethereum leading into 2025, with potential price targets ranging between $1,900 and $5,770. Some forecasts even speculate that with the rising interest in Decentralised Finance (DeFi) and NFTs, Ethereum’s price could hypothetically reach $10,000. The recent $26 million whale purchase serves as a signal of growing confidence in the asset, bolstered by promising short-term indicators. Long-term, Ethereum could see significant growth, with speculative values indicating it might approach $21,516 by 2035, provided that technological upgrades and institutional adoption progress.
