Will Ethereum Ever Move Past $4,000 Again?

Ethereum is trading around $2,091, down 57% from an August 2025 all-time high of $4,946. In 2026, price action shows a steady decline from about $3,100 at the start of the year to a February low near $1,743, followed by sideways movement between roughly $2,000 and $2,400. January and February were driven by Vitalik Buterin selling millions of dollars’ worth of ETH and broader recession fears reducing risk appetite. A partial recovery occurred in March and April as sentiment improved and Glamsterdam upgrade discussions increased, but May gains were largely reversed. Network fundamentals remain comparatively strong, with about 30% of circulating ETH staked and locked and accumulation wallets reaching a record 26.55 million ETH. The Glamsterdam upgrade in June is framed as the key catalyst for whether $4,000 returns by end of 2026.

"Ethereum ( ) is trading around $2,091 today, down 57% from its all-time high of $4,946, set in August 2025. To move past $4,000 again, Ethereum needs to nearly double from its current price. Ethereum nearly doubling from here is a stretch, but the case for it is stronger than the price suggests. So, we looked at where Ethereum trades today, what needs to happen for the $4,000 price to come back into view."

"Since the beginning of the year, Ethereum's price has been in a steady decline, with only a brief recovery to show for it. Ethereum opened 2026 near $3,100, fell to a low of $1,743 in February, its lowest level since early 2023, and has spent most of the year since then grinding sideways between $2,000 and $2,400. January and February were the worst stretch of the year for Ethereum."

"Nonetheless, the Ethereum network itself hasn't reflected that weakness. Roughly 30% of all circulating ETH is now staked and locked away from liquid supply. Accumulation wallets have hit a record 26.55 million ETH this year, up 32% since January. So, the Ethereum price is way behind the fundamentals, and that is exactly what makes the $4,000 question worth asking."

"Glamsterdam is the event that will decide whether moves past $4,000 by the end 2026. Bull Case: $5,000-$7,500 Under this scenario, we assume Glamsterdam launches on schedule in June, cutting gas fees by 78.6% and pushing throughput to 10,000 transactions p"

Read at 24/7 Wall St.