Ethereum Surge Above $2,200 Says Bear Market is Over, Analyst Calls $5,791 ‘easy target’:

After weeks of sideways consolidation and uncertainty, Ethereum appears to have broken through a major psychological and technical corner. The bullish momentum over the past five days has led to an increase in Ethereum's price action, confidently surpassing the $2,200 level, rising by more than 32% in just the last seven days. The breakout comes as Bitcoin has once again crossed the six-figure mark, pulling the crypto market in its wake.
According to the technical analysis of the daily candlestick chart of Ethereum, this rally is more than just a reaction to Bitcoin; it is the beginning of a new long-term upward trend.
The break at $2,200 confirms strength, an analyst declares the end of the Bear Market.
The recent rise has propelled Ethereum well beyond $2,000, a price level that acted as a ceiling in late March and early April. According to the technical analysis published on the TradingView platform by crypto analyst MasterAnanda, the Ethereum bear market is finally over.
This comment was made in light of what the analyst called a true bullish action, accompanied by really high volume in recent days. This, in turn, confirms a very strong peak in the weeks and days to come, where Ethereum will grow daily uninterrupted for months.
The recent rally has pushed the price above the lows of August 5, 2024, and February 3, 2025, highlighted on a chart published by the analyst on TradingView. The chart also shows that Ethereum has convincingly broken free from a steep descending channel pattern that had trapped its price for months.
The breakout is convincing as a large green candle accompanied by exceptionally high trading volume marked the breakout, lending credibility to the idea that the bearish phase is now over.
"This is just the beginning," wrote the analyst, adding that Ethereum's path to recovering its historical highs is already underway.
5,791 $ An "easy" target, 10,000 $ by 2026 "achievable"
According to MasterAnanda's analysis, the current rally could easily take Ethereum to the Fibonacci extension level of 1.618 near $5,791.78. He describes this target as "easy", given the strength of the breakout and the influx of capital that appears to be building behind it.
Reaching the price target of $5,791 would translate into a break into unexplored price territories above Ethereum's previous all-time high of $4,878. However, the forecast doesn't stop there. An Ethereum at $10,000 is not only possible but likely before the end of 2025 due to institutional money and retail sentiment flooding the market.
The chart illustrates the recovery path of Ethereum with various Fibonacci levels drawn, showing resistance and retracement points ranging from $2,421 to the 0.382 extension up to $5,791 at the 1.618 extension.
The analyst noted that around 250 billion dollars of capital could eventually flow into the cryptocurrency market during this wave, with already 10 to 15 billion dollars at stake. He argues that the euphoric phase will begin once the remaining capital enters.
As of the time of writing, Ethereum is trading at $2,395.
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