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BlockNews
Home CRYPTO

Ethereum Looks Ready to Rip in MAJOR Comeback Rally: Here is Why You Might Want to Buy Now

Gary Ponce by Gary Ponce
April 22, 2025
in CRYPTO, ETHEREUM, FINANCE, OPINION
Reading Time: 3 mins read
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  • Ethereum is consolidating between $1,550 and $1,650, with analysts pointing to a potential breakout toward $2,000–$2,150 if support holds strong.
  • Vitalik Buterin’s proposal to replace the EVM with RISC-V has sparked renewed interest and optimism about Ethereum’s long-term scalability and innovation.
  • Despite recent volatility, ETH remains a core pillar of Web3, and strong community momentum plus upcoming upgrades could trigger a fresh bullish phase.

Ethereum

Ethereum ($ETH) is a decentralized blockchain platform that supports smart contracts and dApps. Launched in 2015 by Vitalik Buterin, Ethereum utilizes a Proof of Stake consensus mechanism and the EVM to power DeFi and NFTs.

Ethereum ETH logo

Price Action

Ethereum is trading around $1,578.5, with a market cap of $190.5 billion. The asset has experienced significant volatility—after reaching a high of $4,070, it recently dropped to a low near $1,400. This ongoing struggle to maintain bullish momentum has left Ethereum battling to hold key support zones, with the current range acting as a crucial battleground.

Ethereum ETH price chart

Credit: CoinGecko

Price Predictions

After multiple rejections at the $1,650 resistance level, $ETH is now consolidating between $1,550 and $1,650. Although, analysts highlight that it is bouncing off higher timeframe support, and as long as that structure holds, a short-term push toward the $2,000–$2,150 zone looks increasingly probable.

Ethereum ETH price technical analysis

Market Sentiment and Developments

Market sentiment surrounding Ethereum has turned cautiously optimistic, largely due to a recent proposal from Vitalik Buterin. He proposed the idea of replacing the Ethereum Virtual Machine with RISC-V architecture—an upgrade that could significantly boost scalability and reshape the way smart contracts are executed on the network. All in all, the community is buzzing, and while the idea is still early-stage, it’s adding fresh energy to the conversation.

Future Outlook

Looking ahead, Ethereum remains at the center of Web3 development. If it can maintain technical support and deliver on key upgrades, $ETH could regain upward momentum and reassert its dominance in the smart contract space.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchaincryptoDeFiethereumNFTVitalik Buterin
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, AVAX, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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