Is Ethereum Ready to Break the 2.1K USD Mark? Find Out Now!

Ethereum Rise: New Predictions

Ethereum, the second largest cryptocurrency by market capitalization, is gradually gaining momentum after a period of stability. Renowned cryptocurrency expert, Michael van de Poppe, predicts that Ethereum could reach 2,100 USD in the coming weeks. But what is driving this prediction when Ethereum’s ETF has experienced a capital outflow of 17.9 million USD? Let’s analyze.

Target 2,100 USD for Ethereum

According to van de Poppe, the recovery from the range of 1,740–1,837 USD is not just a slight rise but a positive signal. This area had previously been supported, and after dropping below that threshold in April, ETH has returned to reclaim this position. The chart indicates that the next target could be around 2,105 USD. If ETH maintains and surpasses resistance, this target could be achieved in 1-2 weeks.

Ethereum Trading Activity Declines

At the same time, the trading activity of Ethereum is slowing down, which could be a positive sign. Data from CryptoQuant shows that retail trading volume is low, leading to less sudden volatility. According to Darkfost’s analysis, this situation could make the market more stable. When there is less trading during price declines, it reduces pressure and creates time for investors to think.

Outflow Ethereum ETF 17.9 Million USD

Despite positive signals, investors recorded a capital withdrawal of 17.9 million USD from Ethereum ETFs on May 6, 2025, mainly from Fidelity’s ETF. This could put short-term pressure on ETH prices and affect liquidity across the cryptocurrency market. Currently, Ethereum is trading around 1,831 USD, rising 3.34% in the past 24 hours, indicating promising signs of recovery.

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