Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target

Ethereum has broken through the $2,200 level, experiencing a significant surge in price over the past week. This breakout follows a period of consolidation and uncertainty, fueled by Bitcoin's recent performance. Technical analysis suggests this rally signifies the end of the bear market for Ethereum. The price has decisively moved past the $2,000 resistance level. Analyst MasterAnanda believes this bullish action, coupled with high volume, confirms a new long-term uptrend. The breakout is further validated by the price surpassing previous lows and breaking a descending channel pattern. MasterAnanda predicts Ethereum could easily reach $5,791, and potentially $10,000 before the end of 2025. This projection is based on strong breakout momentum and the influx of capital into the market. Various Fibonacci levels are mapped out, indicating potential resistance and retracement points. The analyst estimates a substantial capital inflow into the crypto market, further supporting the optimistic outlook.