Ethereum price is poised for significant upward movement, with analysts anticipating a parabolic surge driven by the successful test of its 200-day moving average. This bullish trend coincides with the anticipation of an impending altseason peak. The recent confirmation of ETH surpassing $2,700 and the ongoing test of its 200-day MA mark suggest that Ethereum is on the cusp of a major price rally. Experts attribute this anticipated surge to several factors, including expanding DeFi applications, growing institutional investments, and continued whale accumulation. These developments have fueled expectations for a significant price jump that could lead to a substantial increase in the value of altcoins as well.