Ethereum Price Prediction – Long-Term Momentum Bullish Despite Possible Drop to $2100 Short-Term

Highlights:

• Ethereum headed lower after failing at weekly resistance
• Bearish momentum accelerated by a selloff across the market
• Strong fundamentals support the case for new highs in the long term

Ethereum is in the red today, continuing last week’s price weakness. At the time of going to press, Ethereum was trading at $2400.94, a correction of 4.63% in the day. The ongoing Ethereum has nothing to do with Ethereum, but rather the correction across the cryptocurrency market. Bitcoin, the primary market determinant, has been in the red for over a week, affecting altcoins, including Ethereum. With Ethereum sending further bearish signals, Ethereum could be headed much lower.

Ether/BTC Pair Hints at Possible Ethereum Price Rally

Despite the intra-day selloff, Ethereum’s core fundamentals remain strong and could help push the price higher in the long term. One indicator of Ethereum’s potential is its price action relative to Bitcoin.

The ETH/BTC pair was in a correction for over a year. However, since April, this pair has started turning bullish. This indicates that bulls are increasingly taking positions in Ethereum in anticipation of a change in its fortunes relative to Bitcoin. Such rebalancing could be due to improving Ethereum fundamentals, such as the upcoming Fusaka upgrade.

$ETH/BTC – In the blue box and took off but back at the support of the blue box.

The whole game is inside the blue box & for Alt season to get explosive and start engines we truly need to leave this blue box behind.

Must hold line for this pair right now 👀 pic.twitter.com/ZFatyfx4Bk

— Crypto Habibi (@CryptoHabibi7) May 19, 2025

Fusaka Upgrade Set to Drastically Enhance Ethereum Scalability

Like many previous upgrades, the Fusaka upgrade is poised to improve the Ethereum user experience. Coming in Q3 or Q4, the upgrade is expected to strengthen the Ethereum L2 ecosystem through Peer Data Availability Sampling. This means Ethereum validators can use a sample of off-chain data instead of the entire dataset. The impact is a massive reduction in throughput and a cost cut for the whole Ethereum ecosystem.

😲Did you know? With the upcoming #Ethereum #Fusaka upgrade, nodes will only need to download parts of data instead of whole blocks!

🔗Want to see how Fusaka is reshaping $ETH ’s future?
Check out the full story 👉 https://t.co/gwp0SxKwSB pic.twitter.com/BtZ0iF3X4q

— NOWNodes ⛓️ (@NOWNodes) May 19, 2025

Pectra Drastically Reduces Ethereum Transaction Fees

The impact of such upgrades is already visible in Ethereum’s recent Pectra upgrade. This upgrade has significantly improved Ethereum’s network stability by improving the user interface of wallets. At the same time, network fees have reduced considerably, now at around $0.15 per transaction. Such a low-fee environment attracts developers to Ethereum and investors looking for more efficient Ethereum staking. This influx into Ethereum will likely give it strong future price support.

🚨 Ethereum Pectra

• $6.7B in tokenized treasuries
• Pectra upgrade live
• Smart wallets, gasless txs, staking compounding
• Stablecoins now U.S. policy

ETH is becoming the base layer for global finance.
Here’s what just changed 👇 pic.twitter.com/Z2ZXi48kjr

— Leo Lanza | lanza.eth (@l3olanza) May 7, 2025

The improvements from Pectra have also ensured that Ethereum network fees are significantly lower than those of Bitcoin and that there is no network congestion. This removes the threat of Bitcoin L2s becoming a threat to Ethereum. With the upcoming Fusaka upgrade, Ethereum will have cemented its position as the top L1, a factor that could play positively into its price action long term.

Ethereum Network Activity Still Low Despite Upgrades

Despite the potential these upgrades give Ethereum, there are indicators that the price could endure another corrective wave. For instance, network activity remains relatively subdued despite more investors buying Ethereum. This means Ethereum’s price may not gain significant traction until there is a strong increase in the number of Ethereum users.

Ethereum isn’t hot right now and that might be a good thing.

Google Trends shows very low interest in Ethereum, meaning the average person isn’t searching, clicking, or talking about it much. This usually tells us one thing: retail is out.

But here’s where it gets interesting,… pic.twitter.com/fizABNOOdx

— PsyTrading (@PsyTrading) May 18, 2025

Ethereum Price Shows Bearish Trend After Weekly Resistance Rejection

Like other major cryptocurrencies, including Bitcoin, Ethereum is in the red after failing at critical weekly resistance.

Ethereum failed to breach the $2742.8 weekly resistance. With the accelerated selloff following this failure at resistance, Ethereum’s price could be headed to $2106.7 in the short term. A breach of the $2106.7 support could see ETH drop to prices below $2000 and enter another bear market. 

Recap

Ethereum price is currently in a correction, reflecting marketwide price action. However, from a fundamental perspective, Ethereum is getting better. The ongoing upgrades to the network have made Ethereum more attractive to developers and investors. The price will likely follow as Ethereum asserts its position as the number one L1. With ETFs offering an easy pathway for retail and institutional money to buy Ether, the future looks bright.