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The Ethereum price has risen 2% in the last 24 hours to trade at $4,277 as of 3:45 a.m. EST on an 18% drop in trading volume to $29.4 billion.
This uptick in the ETH price comes as Bitcoin pioneer Samson Mow says that Ethereum investors will switch back to Bitcoin once the ETH price gets high enough.
ETH has soared 70% in the last 3 months. If the current rally continues, Mow’s prediction could potentially reverse this surge.
Mow, who has repeatedly ridiculed altcoins, added that it will be “challenging” for ETH to break all-time highs “because the closer you reach that psychological level, the stronger the drive to sell,” describing it as a “Bagholder’s Dilemma.”
Ethereum reached $4,303, a 3.5-year high, surpassing $4,000. It is currently 13.5% away from its all-time high (ATH) of $4,891.
Ethereum Price Poised For A Surge Towards A New ATH
The ETH price on the daily chart is currently trading within a strong bullish trend, with action respecting a rising channel since April 2025.
The Ethereum price has recently broken above the $3,955 Fibonacci 0 level and is now trading at $4,277, suggesting continued momentum toward higher levels.
Meanwhile, the 50-day Simple Moving Average (SMA) ($3,234) has crossed above the 200-day SMA ($2,524), confirming a golden cross ($2,546) and reinforcing the bullish outlook, as GeckoTerminal data shows.
The Relative Strength Index (RSI) is at 73.51, indicating overbought conditions, which may lead to short-term pullbacks but also reflects strong buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) shows a wide bullish divergence, with the blue MACD line well above the orange signal line, suggesting sustained momentum.
The Chaikin Money Flow (CMF) at 0.13 signals positive capital inflow into the asset, further supporting upward pressure.
Given the current channel breakout and bullish technical alignment, the ETH price appears poised for a move toward the $5,540 level, representing a potential 28.95% to a new all-time high (ATH).
However, traders should watch for short-term corrections before the next leg higher due to the overbought RSI. In such a scenario, the price of Ethereum could drop back to the 0.236 Fib level at $3,349.
Meanwhile, investors are piling into a new project called Bitcoin Hyper (HYPER).
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 1,000X after launch.
Bitcoin Hyper Token Presale Racing Towards $8.5 Million
Bitcoin Hyper aims to become BTC’s first full-fledged layer-2 (L2) execution network, built from the ground up to surpass the Bitcoin blockchain’s performance limits.
Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
The project also functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Investors are betting big on the idea, having pumped over $8.3 million into the project’s presale. Additionally, if you buy and stake now, you could unlock a 130% APY. However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper website to buy HYPER tokens for $0.012625 each using crypto or a bank card.
Buy before the next price increase in about 25 hours.
Visit the Bitcoin Hyper website.
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