#ETH Ethereum surged to $2,200, analysts say the Bear Market is over, $5,791 is referred to as an 'easy' target:

After several weeks of sideways consolidation and uncertainty, Ethereum seems to have crossed a major psychological and technical threshold. Over the past five days, bullish momentum has firmly pushed Ethereum's price action above the $2,200 level, rising over 32% in just the past week. This breakout coincides with Bitcoin once again breaking the six-figure mark, driving the entire cryptocurrency market upward.
According to the technical analysis of the Ethereum daily candlestick chart, this rebound is not just a reaction to Bitcoin; it marks the beginning of a new long-term upward trend.
The breakthrough at $2,200 confirmed the strength, and analysts announced the end of the Bear Market.
The recent rise has pushed the price of Ethereum above $2000, a price level that served as a ceiling at the end of March and the beginning of April. According to technical analysis published by crypto analyst MasterAnanda on the TradingView platform, the bear market for Ethereum has finally ended.
This comment was made in the context of what analysts call a true bullish action, accompanied by very high trading volume over the past few days. This, in turn, confirms that there will be very strong highs in the coming weeks and days, with Ether continuing to grow day by day for several months.
The recent rebound has pushed the price up to the lows of August 5, 2024, and February 3, 2025, as highlighted in the chart published by analysts on TradingView. The chart also shows that Ethereum has clearly broken out of a steep descending channel pattern that had trapped its price for months.
The breakout is convincing, as a large bullish candle accompanied by exceptionally high trading volume adds credibility to the view that the bear market phase has ended.
"This is just the beginning," the analyst wrote, adding that the path for Ethereum to reclaim its all-time high has begun.
$5,791 an 'easy' target, $10,000 'feasible' before 2026
According to MasterAnanda's analysis, the current rebound could easily push Ethereum close to the 1.618 Fibonacci extension level of $5,791.78. He describes this target as "easy," considering the strength of the breakout and the capital inflow that seems to be accumulating.
Reaching the target price of $5791 would mean breaking through Ethereum's current historical high of $4878 and entering unknown price territory. However, predictions do not stop there. With institutional funds and retail sentiment flooding into the market, a $10000 Ethereum is not only possible but also quite likely to be achieved before the end of 2025.
The chart shows the recovery path of Ethereum, plotting multiple Fibonacci levels, indicating resistance and retracement points between the $2,421 extension from 0.382 and the $5,791 extension from 1.618.
Analysts point out that in this wave, approximately $250 billion of capital may ultimately flow into the crypto market, of which $10 billion to $15 billion is already in operation. He believes that once the remaining capital enters, the frenzy phase will begin.
At the time of writing, the trading price of Ethereum is $2,395.
#ETH