Next Ethereum (ETH) Price Rally Could Test $2,500, Here’s Why

Ethereum price retraced 7% over the weekend as markets reacted to potential sell-offs from Vitalik Buterin and the ETH Foundation. But with long-term holders standing firm, on-chain data gives hope of a positive ETH price prediction. Sudden exchange deposits Vitalik Buterin and the Ethereum foundation sent ETH price into an early retracement shortly after clearing the $2,000 milestone on May 5. But a deeper dive into the on-chain data suggests bullish Ethereum price predictions are yet to be invalidated.  The next ETH bull rally could test the $2,500. Here are 3 reasons why.  Long-Term Holders Remain Confident  Firstly, the conclusion