• Ethereum price targets a $2,200 breakout after climbing to $1,832.
• Hot crypto summer is in play if U.S. lawmakers pass major bills by August.
• New Ethereum Foundation leadership shake-up boosts long-term confidence.

Ethereum price rose 1.3% in the last 24 hours to trade at $1,832 as of 3:20 a.m. EST on a 4.3% surge in trading volume to $14.1 Billion. The price jump happens as Former Rep.

Patrick McHenry dropped a bombshell prediction, saying the market’s in for a “wicked hot summer” of crypto legislation. With regulatory winds blowing and the ETH price action looking juicy, where might the king of altcoins be headed next?

The Ethereum Foundation announced a major leadership shake-up on April 28, 2025. They’ve split management and board roles, naming Hsiao-Wei Wang and Tomasz K, and Stańczak as co-executive director.

This move signals a push for better governance as Ethereum scales. This could boost investor confidence in the long run.

Former Rep. Patrick McHenry, previously chair of the House Financial Services Committee, warned of a turbulent summer ahead for crypto regulation. Sarah Wynn reported his prediction on April 29, 2025.

McHenry, now Vice Chair of the Ondo (ONDO) advisory board, hinted that lawmakers are racing to finalize crypto bills by August.

This could be a game-changer for the Ethereum price, especially if the U.S. rolls out clear rules for “Made in USA” cryptos like ETH. This kind of legislation could be a “KEY catalyst” for Web3 adoption, per crypto analyst Kyren.

Meanwhile, the U.S. SEC previously delayed decisions on Bitwise’s Bitcoin and Ethereum ETFs and Canary Capital’s Hedera ETF. In January, the SEC announced it needed more time to review the surge of ETF filings. This highlights the intense demand and excitement in the crypto market.

While this delay might seem like a bummer, it’s also a sign that regulators are taking Ethereum seriously. Ethereum price has been chilling around $1,843.49 this week, with a 1.3% bump in the past 24 hours.

Some analysts caution that the ETH price may drop to $1,000 before making a recovery. They predict that the Ethereum price could eventually climb to $4,000 after this potential dip.

That’s a wild ride, but with Bitcoin’s recent price climbing above $96,000, the overall market sentiment looks bullish. Ethereum often rides Bitcoin’s coattails, which could set the stage for serious gains.

At press time, Ethereum price was trading at $1,831, with analysts closely watching its next move. The key resistance zone to break is around $2,200.

This could signal a bullish trend if surpassed. ETH tested the upper trend line of a rising wedge pattern, signaling a key technical level.

A demand zone between $1,400 and $1,550 acted as support during recent dips, helping stabilize its price. Buying pressure has been intense in that support range, which is a good sign for bulls.

For ETH to confirm a bullish trend, it must close a daily candle above $2,200. If that happens, investors could see a “strong upward movement”.

If Ethereum price struggles to break $2,200, it may enter a sideways trading phase. In that case, a pullback toward the $1,400–$1,550 support zone could be possible.

The weekly logarithmic timeframe shows ETH respecting these levels, so keep an eye on that $2,200 mark. It’s the line in the sand for the bulls and bears.

In 2022 and 2023, Ethereum accounted for about 10% of discussions among the top 100 assets, according to Santiment. This highlights ETH’s strong presence and influence in the broader crypto market.

In 2025, the new normal for ETH social dominance is about 6–7%. As for its bullish vs. bearish commentary across social media, it bottomed out at the beginning of the month, like many assets. Once again, the commentary is quite bullish.

Given the chart analysis and market developments, the next target of ****the Ethereum price is  $2,200 in the short term. Breaking that resistance could send ETH soaring toward $2,500 or even $3,000 if the momentum keeps up.

The “wicked hot summer” of crypto legislation that McHenry predicted could intensify market activity. If the U.S. introduces crypto-friendly laws, it may further accelerate industry growth.

ETH price has been struggling, with analysts closely watching the $2,200 resistance level. If ETH fails to break through and market sentiment weakens, it could drop to the $1,400–$1,550 support zone.

Given recent bearish trends, some experts even warn of a potential dip to $1,000. For now, the vibes are cautiously bullish. The Ethereum Foundation’s leadership changes, potential U.S. legislation, and Bitcoin’s rally are all stacking the deck in Ethereum’s favor.

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.