Ethereum Surges Past $2,500: A New Bull Run in Sight

Ethereum has staged a powerful comeback, climbing over 42% in just seven days to reclaim the $2,500 level — a price point last seen in March. The sharp rebound is stirring optimism across the crypto space, with Ethereum outpacing Bitcoin and igniting fresh bullish sentiment.

A Shift in Momentum

According to on-chain analytics, more than 60% of Ethereum wallets are now in profit — a significant jump from just 32% a month ago. The turnaround marks one of the asset’s strongest breakouts in over a year and has propelled ETH ahead of Bitcoin, which managed only a 10% rise in the same period to trade above $105,000.

The probability of ETH crossing $4,000 by December has more than doubled to 20%, while the odds of a drop below $1,500 have sharply declined. Expectations are also growing for a potential run to $5,000, with current models assigning a 12% chance.

Catalysts Behind Ethereum’s Acceleration

Several converging factors appear to be fueling Ethereum’s momentum. The recent implementation of the long-awaited Pectra upgrade has introduced significant enhancements across the network. The upgrade improved wallet tools, optimized validator operations, and expanded compatibility for Layer 2 protocols — key developments that are expected to enhance Ethereum’s efficiency and usability in the DeFi ecosystem.

Institutional adoption is also playing a role. Leading firms such as BlackRock are increasingly turning to Ethereum’s infrastructure for tokenizing real-world assets. Data reveals that the tokenized asset sector has expanded by over 10% in the past month, reaching a valuation of $22.1 billion. Ethereum dominates this space, securing $6.9 billion in locked assets and maintaining a 58% market share.

Macro Tailwinds Strengthen Crypto Outlook

Positive shifts on the global stage have further buoyed market sentiment. A new trade pact between the U.S. and the U.K., coupled with a cooling of U.S.-China trade tensions, has contributed to a broader risk-on environment in global markets. These developments are encouraging investors to take on more exposure to high-growth assets — including cryptocurrencies.

Looking Ahead

Ethereum’s recent breakout suggests it may be on the cusp of a more sustained rally. With on-chain fundamentals strengthening, institutional interest rising, and macro conditions improving, analysts are watching closely for confirmation of a new bullish cycle.