Ethereum Potentially Positioned for Recovery Amid Upcoming Events and Improved Market Sentiment

• Ethereum’s price faces pressure, but analysts predict a potential rebound from upcoming events like the Pectra upgrade and ETH-staking ETFs.

• Analysts suggest Ethereum is undervalued, with ETH’s market price falling below its realized price for the first time since 2020.

• Market sentiment is improving, with Ethereum’s price showing signs of recovery following positive developments like SEC-approved ETF options trading and tariff pause.

Ethereum’s price may rebound as analysts highlight key upcoming events and improvements in market sentiment, marking it as a potentially undervalued asset.

Will Ethereum’s Price Recover? Experts Weigh In

Analyst Ted Pillows recently highlighted a series of major events scheduled for May 2025 that could drive Ethereum’s price upward, including a surge in tokenization. In a post on X (formerly Twitter), Pillows drew attention to the Pectra upgrade, expected on May 7. This upgrade introduces several major enhancements to staking, deposit processing, blob capacity, account abstraction, and more.

Moreover, he pointed to the likely introduction of ETH-staking exchange-traded funds (ETFs). Since the introduction of spot ETH ETFs last year, their performance has been underwhelming compared to spot Bitcoin (BTC) ETFs.

In fact, many believe that the lack of staking yields in Ethereum ETFs is hindering their growth. Nonetheless, this may change soon. In February 2025, Cboe filed a request with the SEC to allow the 21Shares Core Ethereum ETF to stake ETH held by the Trust.

The next month, a similar request for the Fidelity Ethereum Fund followed. In addition, NYSE also filed on behalf of the Bitwise Ethereum ETF in late March.

“Each event could potentially push ETH up by $1,000,” Pillows wrote.

Pillows also noted that Ethereum is currently “the most hated token,” drawing parallels to Solana (SOL) after it crashed to $8. However, his observation isn’t without merit, as community sentiment does reflect substantial pessimism towards the altcoin.

“If you had invested $10,000 in Ethereum 7 years ago. You would still have $10,000 today. Trump you destroyed us man!” a user remarked.

Despite this, many view ETH’s low price as a favorable time to buy in. According to an analyst, ETH is currently undervalued. He emphasized that its market price has dropped below the realized price for the first time since 2020.

“Generational ETH buy opportunity!” the analyst claimed.

COINOTAG’s latest analysis corroborated ETH’s undervalued state, as evidenced by the MVRV Ratio’s position in the “opportunity zone.”

Notably, optimism has arisen amid ETH’s recent recovery. Following the SEC’s approval of options trading on BlackRock’s iShares Ethereum ETF (ETHA), the altcoin saw a positive price uptick.

Moreover, President Trump’s decision to pause nearly all tariffs for 90 days also led to a broader market recovery. That’s not all. Trump further boosted market sentiment by declaring,

“This is a great time to buy!”

As a result, ETH surged by double digits over the past day. At press time, it was trading at $1,613, reflecting a 13.7% rise.

Conclusion

Ethereum’s current price levels coupled with upcoming enhancements and market developments present a compelling case for potential investors. While community sentiment remains cautious, the advancements in staking and broader market support suggest a promising future for ETH if momentum continues. This could be an important time for those looking to enter the cryptocurrency market.