Ethereum shows signs of a potential price increase despite extremely low market sentiment. Analysts predict a surge up to $4,000.
Ethereum's Path to Recovery
According to analyst Astronomer's forecast, Ethereum's price is likely to stay between $1,700 and $4,500 for the long term. Market sentiment has reached 14 points, indicating a high level of negativity. Historically, similar conditions preceded significant market rallies in 2017 and 2021.
Pectra Testnet Launch and Ethereum's Upgrade Plans
The Pectra testnet is a major achievement for Ethereum after successfully replacing Dencun and integrating the Prague and Electra updates. The primary goal of the upgrade was to boost scalability, reduce transaction costs, and improve user interaction. The Hoodi testnet began operations on March 17, 2025.
Market and Future Prospects of Ethereum
Institutional and retail investors expect Ethereum's forthcoming updates and rising market positivity to initiate a rally that will positively affect ETH assets and Layer 2 blockchain projects.
Ethereum's potential breakout could significantly shift market dynamics despite the current instability and low sentiment.
