Ethereum breaks $2,200, analysts say the Bear Market is over, $5,791 is called an 'easy' target:

After several weeks of sideways consolidation and uncertainty, Ethereum seems to have crossed an important psychological and technical turning point. In the past five days of strong momentum, Ethereum's price action has decisively broken through the $2,200 level, rising over 32% in just the past seven days. This breakout coincides with Bitcoin once again breaking through six figures, driving the broader cryptocurrency market.
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 $2,200 breakthrough confirmed strength, analysts declared the Bear Market over.
The recent surge has pushed the price of Ethereum well above $2000, a price level that served as a resistance point in late March and early April. According to technical analysis released by crypto analyst MasterAnanda on the TradingView platform, the bear market for Ethereum has finally come to an end.
This comment was made in the context of what analysts call a true bullish behavior, and it has been accompanied by very high trading volume over the past few days. This, in turn, confirms that a very strong peak is expected to occur in the coming weeks and days, with Ethereum continuously growing daily for months.
The recent rebound has pushed the price above the lows of August 5, 2024, and February 3, 2025, which has been emphasized in the chart posted by analysts on TradingView. The chart also shows that Ethereum has successfully broken free from the steep descending channel pattern that has plagued its price for months.
The breakout is convincing because a large bullish candlestick accompanied by abnormally high trading volume indicates the breakout, which enhances the credibility of the view that the bear market phase has ended.
"This is just the beginning," the analyst wrote, adding that the road for Ethereum to return to its historical high has already begun.
$5,791 an 'easy' target, $10,000 'feasible' before 2026
According to MasterAnanda's analysis, the current rebound is likely to 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 apparent accumulation of capital inflow.
Reaching a price target of $5791 would mean breaking through Ethereum's current historical high of $4878 and entering uncharted price territory. However, this prediction doesn't stop there. With institutional funds and retail sentiment flooding into the market, a $10000 Ethereum is not only possible but very likely to be achieved by the end of 2025.
The chart shows the recovery path of Ethereum, plotting various 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, about $250 billion in capital may eventually flow into the crypto market, with $10 billion to $15 billion already in operation. He believes that once the remaining capital enters, the frenzy phase will begin.
As of writing, the trading price of Ethereum is $2,395.
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