The cryptocurrency market is showing signs of a recovery after its recent dip. Ethereum (ETH) has registered an 8.7% rally in the daily charts, a 5.3% rally in the weekly charts, and a 6% rally in the 14-day charts, according to CoinGecko. The asset is currently one of the best-performing cryptocurrencies among the top 10 projects by market cap. Despite the rally, ETH’s price is still down by more than 29% over the previous month and nearly 17% since late February 2025. Let’s discuss whether Ethereum (ETH) will continue its upswing or face another correction.
Can Ethereum Sustain Its Price Rally?
Ethereum’s (ETH) rebound comes amid a larger market resurgence. Bitcoin (BTC) reclaimed the $69,000 price level earlier today, and other assets seem to be following its trajectory. Crypto-related stocks, such as Circle, Coinbase, Strategy, and BitMine, also saw price jumps.
Ethereum (ETH) experienced a similar rally earlier this month but faced rejection at current price levels. This is the third attempt by the asset to surpass the $2,300 mark. However, Ethereum (ETH) may not be able to sustain its rally this time around as well. The cryptocurrency is still weak, and volatility runs rampant. According to Jasper De Maere, OTC trader at Wintermute, “fundamental indicators still remain unconvincing that this strength will see much follow-through.“
CoinCodex analysts, however, are quite bullish on Ethereum (ETH). The platform anticipates the second-largest crypto by market cap to enter a bullish trajectory over the coming months. CoinCodex predicts Ethereum (ETH) will hit $3,875.14 on May 27, 2026. Hitting $3,875.14 from current price levels will entail a rally of nearly 87%.
Also Read: Cryptocurrency Market Rebounds: For Real Or Dead Cat Bounce?
Nonetheless, there is also a possibility that the market will not react as CoinCodex anticipates. The crypto sector is still quite fragile and far from recovered. Investor sentiment is also quite low. We may not enter a bullish trajectory until larger macroeconomic forces cool off.
