Avalanche's AVAX token has been on a wild ride, but its price drop may be coming to an end. With rumors of an AVAX ETF launch by 2025, the cryptocurrency is gaining traction, and its price is surging. But how high can it go?

After a month-long downtrend, Avalanche's price began to move, bagging a 22% gain over the week and a 6% surge in the last 24 hours. The trading volume has also increased by 55%, reaching $283,581,731, indicating high network activity.

So, what's driving Avalanche's price surge? The answer lies in the ongoing ETF discussion. Similar to the Solana ETF hype, AVAX is also in line for an ETF launch, which has sparked interest among investors. Market expert Quinten believes Avalanche is among the few cryptocurrencies to receive ETF approval by 2025.

But that's not all. Avalanche has also gained traction due to its high growth momentum, with its total volume exceeding $18 billion since the start of the year. Popular companies like Konami have launched their NFTs on the Avalanche network, increasing demand and driving up the price.

So, how high can Avalanche's price surge? Technical indicators suggest increased buying pressure, with the STOCH(9,6), Bull/Bear Power(13), and moving averages favoring a buying trend. However, the MACD (12,26) level is still in the selling zone, indicating a potential trend change if the token falls below $28.78.

The key resistance is at $30.13, and if Avalanche's price can cross that, an uptrend may begin, pushing the value to as high as $34. If the ETF launch rumors continue to drive up the price, it may even surpass its March high of $60.69.

In conclusion, Avalanche's price surge is driven by ETF launch rumors, high growth momentum, and increased demand. With technical indicators favoring a buying trend, the price may reach new heights. However, it's essential to keep an eye on the MACD level and potential trend changes.