Fundstrat Predicts Ether Will Surge to $5,500 After Recent Pullback

AUSTIN, Texas — Fundstrat Global Advisors’ managing director, Mark Newton, anticipates that Ether will rebound to $5,500 after experiencing a recent decline. He suggests that the cryptocurrency, which dropped below $4,300 earlier this week, could find support around $4,200 within the next few days.

Newton stated, “I do not make much of crypto weakness in recent days and expect ETH likely bottoms out over the next 1-2 days before heading back higher.” His comments came after Ether reached a high of $4,750 before its recent downturn.

According to Newton, Ether’s recent three-wave pullback is a routine market occurrence, expected to conclude soon. He believes this could set the stage for a potential rally. Meanwhile, crypto analyst Benjamin Cowen cautioned that volatility may persist until the market stabilizes.

Nassar Achkar, chief strategy officer at CoinW exchange, pointed to a constructive technical setup and potential liquidity boost from a shift in Federal Reserve policy as factors that may drive Ether’s price upward. He called near-term price dips “strategic accumulation opportunities” for investors.

Institutional interest is also notably strong; Grayscale has deposited hundreds of millions in Ether onto the Beacon Chain as part of its staking strategy. SharpLink co-CEO Joseph Chalom described Ethereum as the foundation for global finance, stating it represents a critical opportunity for the next financial system.

Tom Lee‘s Bitmine recently added over 23,000 Ether to its treasury, further backing Ethereum’s position among institutional investors. With a mix of retail and institutional support, Ether’s long-term prospects appear promising, particularly if it can consolidate in the $4,200 range.

Experts remain optimistic about the cryptocurrency’s potential to reach and surpass the $5,500 mark, provided that macroeconomic conditions support further growth.