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The Ethereum price was on a tear at the start of this week, breaking above the $2,800 level for the first time since February 2025. However, the escalating tensions between Israel and Iran hurt risk assets, with Bitcoin and Ethereum bearing most of the downward pressure in the crypto market.
The price of Ethereum fell from above $2,800 toward the psychological $2,500 level, reflecting a significant break from the altcoin’s recent bullish progress. However, historical price data shows that the Ethereum price might be just fine so long as it stays above the $2,500 support.
Is A Return To $4,000 Possible For Ethereum Price?
In a recent post on the social media platform X, crypto analyst Rekt Capital explained the current setup of the Ethereum price after its latest decline and the…
