Will Ethereum Price Reach $4500, Despite Inactive Retail Interest?

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After being stuck in the $2,500 range for the past few days, Ethereum price (ETH) has now finally broken above the $2,600 mark, It is now trading at $2636 with a 3% intraday rise.

The market participants are predicting another potential price rally, as it had displayed earlier this month. 

Even analyst predicts that the Ethereum price is poised for $2900 short term. While in the long term, another analyst predicts that the price could go to $8000. 

However, one cryptoquant analyst hints caution,  the rally might still be in its early innings, as Retail hasn’t entered the arena yet. Keep reading to know more.

Will Ethereum Price Rally Extend?

Ethereum price (ETH) has now broken above the $2,600 mark after taking solid support from the 200-day EMA band. It is igniting speculation about its rally to extend, which began earlier this month of May. 

With Bitcoin reaching an ATH, the hunger to get more gains is keeping the investors in a bullish mode, as a result, the broader crypto market is experiencing a bullish wave, and Ethereum appears set to capitalize on this bullish wave.

The recent rally this month, accelerated from $1,792 on May 8 to peaking at $2,695 on May 14, marked a pump of over 50% in just 7 trading day sessions. Now, as ETH price is hinting at a similar rally to come, one analyst suggest it could rise as high as $2,900 in this week before the month end, only if market dynamics are favorable. 

However, another analyst remain highly optimistic about Ethereum’s long-term outlook, pointing to a strong bullish pattern forming on the monthly chart. They note that a multi-year support level has shaped a pennant formation, signaling a potential surge. 

Projections indicate that ETH could climb to $4,500 by 2025, and if it successfully retests this level, it may then set its sights on a multi-year target of $8,000. This milestone is expected to serve as a crucial launching pad for even greater gains in the future.

Besides, ETH crypto’s whale accumulations witnessed and low exchange reserves, also strengthening the conviction among large investors.

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Analyst Suggest Caution, As Retailers Are Still Asleep

However, despite many expert analysts’ optimism, the caution still remains, as a CryptoQuant analyst said this Monday that since the pandemic, local tops were seen after strong retail activity.

But, in this year’s rally, Ethereum has shown a tiny flicker of retail interest, which was seen in the Q4 2024 rally, as it was advancing, Trump tariff drama flushed the gains in Q1 2025.

Analyst suggests retail crowd’s risk appetite could have dropped, and that’s why retail has not entered yet, and the analyst concludes that missing retail interest shows the rally might still be too early. But it also suggests that significant upside potential still exists for Ethereum when retail investors become more active.