The price of Ethereum (ETH), the leading cryptocurrency in the altcoin space, is currently $2,605, indicating a price drop of more than 1% over the past 24 hours, and a decline of over 4% over the past seven days. Its total market capitalization is $314,584,648,147.13, with a 24-hour trading volume of $17,888,671,520.4. This asset is still over 45% away from recovering its all-time high of $4,891, which was recorded 4 years ago.

Since the beginning of 2025, analysts have eagerly anticipated a significant increase in the price of ETH, which would push the altcoin to reach its new all-time high, in a move that would also trigger the altcoin season phase of the bull cycle. However, instead, the price of ETH continued to decline alongside Bitcoin and its prolonged correction phase in the first quarter. During this period, ETH reached its lowest levels at 1700 Dollar, and immediately began to rise until it reached 2700 Dollar.

With the price of Ethereum currently falling below $2,700, Ethereum investors see it as a golden opportunity to collect large quantities of Ethereum before its price rises dramatically and achieves not only the previous record, but also new prices. In the wake of this expected rally, the altcoin season is expected to begin, which will bring bullish momentum to all altcoins in a rally led by Ethereum (ETH).