Ethereum's (ETH) Potential to Overcome the $5,000 Barrier and Aim for $7,000?
Ethereum, the second-largest cryptocurrency by market capitalization, is currently in a consolidation phase after a remarkable rally that saw its price nearly double since April 2025. The digital asset is trading around $4,400, marking a reset phase following months of strong gains.
The bullish sentiment surrounding Ethereum is supported by a number of factors. Institutional demand and corporate treasuries adding ETH exposure are driving the growth, while Ethereum remains the hub for Layer-2 innovation, tokenization pilots, and DeFi expansion.
The daily trading volumes for Ethereum exceed $44 billion, reflecting the increased interest in the cryptocurrency. The token is hovering above all major exponential moving averages (EMAs), with the 20-day EMA around $4,530 acting as a near-term bounce zone.
A decisive breakout above $4,600 could trigger a rally toward $5,200-$5,700 by early September. A daily close above $4,750-$4,800 is critical for Ethereum to retest the all-time high zone around $4,900-$5,000.
The relative strength index (RSI) has cooled back to 60 after flirting with overbought territory, indicating a potential pause in the rally. However, a decisive clearance of the $5,000 resistance increases the likelihood of Ethereum reaching $5,700 and eventually $7,000.
The combination of institutional adoption, Layer-2 growth, and deflationary tokenomics, thanks to Proof-of-Stake rewards and fee burns, supports a bullish picture for Ethereum.
It's worth noting that Ethereum has already reached a new all-time high near $4,953 earlier this month. Reaching $10,000 for Ethereum is possible if global adoption, institutional investments, and blockchain demand grow significantly.
Looking further into the future, the INR value of Ethereum in 2030 could range between ₹8,00,000 to ₹15,00,000 depending on market cycles, regulations, and global adoption.
However, Ethereum's march toward $7,000 may be delayed due to regulatory scrutiny, global macroeconomic shifts, or profit-taking. The foundation for higher highs in Ethereum is already in place, but the timeline for reaching $7,000 may depend on broader market sentiment.
Ethereum offers more utility compared to Bitcoin through smart contracts, DeFi, and tokenization, making it an attractive long-term investment. As the cryptocurrency market evolves, Ethereum continues to solidify its position as a key player.
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