Ethereum (ETH) prices are experiencing a resurgence following a period of relative quiet. The second largest cryptocurrency by market cap is seeing renewed interest from traders as its price climbs once again. As of this writing, ETH is priced around $1,647.26 with a 2.44% increase within the last 24 hours and a 1.27% gain in the past week. Its market cap currently stands at $198.82 billion, and the 24-hour trade volume is $11.29 billion. What’s driving this price surge? 🧐 Two key factors are fueling this recent ETH rally: substantial whale activity and a new technical proposal from Ethereum co-founder Vitalik Buterin. **Whale Activity Fuels Optimism:** A prominent ETH holder, commonly known as a whale, has been transferring thousands of tokens from a Bitget hot wallet to a private wallet in recent weeks. This large-scale transfer is raising eyebrows. The whale’s actions suggest increased confidence in the future price of ETH and generally indicate positive market sentiment. **Vitalik Buterin’s New Proposal:** Ethereum co-founder Vitalik Buterin has proposed an exciting change to the coin’s functionality. He proposes using RISC-V, an open-source processor platform, to enhance Ethereum Virtual Machine (EVM) efficiency. This would allow the network to function more efficiently, particularly for rollups and scaling. Buterin explains that this change could reduce inefficiencies by over 100 times. Importantly, this proposal won’t affect current smart contracts and opens doors for even more flexible and efficient development. **Ethereum Price Prediction: Will It Hit $2,000?** Technical analysis suggests the coin has broken through a resistance at $1,630 and is now on a bullish path with higher highs. The chart from TradingView showcases this upward trend. There are also targets of $1,750 and even $2,000 if ETH maintains its momentum. Key support levels remain at $1,630, $1,600, and $1,570. If market conditions stay favorable, Ethereum’s price might continue to rise. 📈 Conversely, a downturn in the price could slow down any momentum. **Past Performance Provides Hope:** The coin experienced a similar bullish period in early March, leading to a strong rally. If this pattern repeats itself, ETH may be on track to reach $2,000 within the next two to three weeks. It’s important for investors to conduct their own research before making any investment decisions.** **The Future of Ethereum:** Ethereum is showing signs of renewed strength, driven by whale activity and Vitalik Buterin’s proposal. The coin’s performance in the coming days, particularly around the Pectra upgrade and overall market health, will reveal whether it can achieve its target of $2,000. 🔮 **Disclaimer:** The information presented here is for informational purposes only and should not be considered as financial advice.