- Ethereum Eyes $4K Rally as Sentiment Hits Record Low
- Pectra Testnet Launch Boosts Ethereum Upgrade Hopes
- Analyst Swaps Bitcoin for Ethereum in Bullish Bet
Ethereum is showing signs of a potential breakout as market sentiment reaches extreme lows. According to Crypto analyst Astronomer the Ethereum price is expected to surge up to $4,000 through analysis of important technical indicators. The critical support zone between $1,700 and $1,900 has been reactivated by Ethereum as per analyst assessment.
Despite underperforming against Solana, Ethereum has still doubled from its 2022 lows. Astronomer also revealed that he has swapped BTC for ETH, believing Ethereum will outperform Bitcoin in this cycle.
Ethereum Poised for a Bullish Rebound
According to Astronomer’s market prediction the Ethereum price will stay between $1,700 and $4,500 throughout the long term. The currency’s recent assessment of the lower price band has traditionally resulted in market increases beyond $4,000. The analyst observed Bitcoin formed its weekly low which creates potential for Ethereum to rebound with strength.
Extensive negative sentiments about Ethereum currently dominate the market space as shown by its sentiment score reaching 14 points. Historical observations indicate Ethereum went through comparable price conditions both in 2017 and 2021 before it delivered remarkable rallies which established new historic valuation records.
Ethereum stands to improve due to the Federal Reserve upcoming monetary policy decision scheduled for April. Market bullishness is likely to increase if financial conditions show any indicators of improvement.
Pectra Testnet and Ethereum’s Future Upgrades
Pectra testnet serves as a major achievement for Ethereum after successful replacement of Dencun while integrating the Prague and Electra updates. Pectra unites Prague with Electra and implements multiple Ethereum Improvement Proposals (EIPs) as its core elements.
The objective of the upgrade was to boost scalability features together with decreased transaction expenses and better user interaction. EIP-7702 improves account abstraction and EIP-7691 enhances the data processing capabilities of Ethereum Layer 2 solutions.
Developers launched three new testnets including Holesky and Sepolia through Hoodi to test Pectra before its complete rollout. The Hoodi testnet began operations on March 17, 2025 before the main update became active.Investors from institutional and retail backgrounds expect Ethereum’s forthcoming updates along with rising market positivity to start a market surge that will positively affect ETH assets and Layer 2 blockchain projects.
