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Ethereum price started a recovery wave above the $2,500 zone. ETH is up nearly 10% and now faces a major resistance near $2,920. Ethereum started a decent upward move above the $2,500 support zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,920 level. Ethereum Price Attempts Recovery Ethereum price started a major decline below the $2,800 level, underperforming Bitcoin. ETH declined below the $2,650 and $2,500 levels to enter a bearish zone. There was a clear move below the $2,200 level. The price declined over 25% and tested the $2,120 zone. A low was formed at $2,127 and the price recently started a fresh upward move. There was an increase above the $2,500 level. The price surpassed the 50% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone. There is also a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,900 level. The first major resistance is near the $2,920 level and the trend line or the 61.8% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. The main resistance is now forming near $3,000. A clear move above the $3,000 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,320 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,900 resistance, it could start another decline. Initial support on the downside is near the $2,765 level. The first major support sits near the $2,650. A clear move below the $2,650 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,765 Major Resistance Level – $2,920

Ethereum faced a brutal capitulation event on Sunday, plummeting over 30% in less than 24 hours as market-wide panic took hold. The dramatic sell-off was fueled by growing fears of a U.S. trade war, sending shockwaves across the crypto space and causing Bitcoin and major altcoins to drop significantly. ETH, which had been struggling to reclaim key levels, saw a sharp decline, shaking investor confidence and raising concerns about its long-term trend. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means Top analyst Ali Martinez shared a technical analysis, revealing that Ethereum is forming a long-term head-and-shoulders pattern. According to Martinez, ETH must hold above the crucial $2,700 level to maintain its bullish structure and prevent a deeper correction. A breakdown below this level could trigger an extended bearish phase, further delaying ETH’s potential rally toward new highs. With volatility at extreme levels and uncertainty dominating the market, Ethereum’s next move will be critical. If bulls manage to defend key support, ETH could stage a strong recovery, but failure to hold could lead to even more downside. As investors assess the damage from this weekend’s crash, all eyes remain on whether ETH can stabilize and reclaim momentum in the coming days. Ethereum Faces A Key Challenge Yesterday, the crypto market witnessed the largest liquidation event in its history, with over $2 billion wiped out in just a few hours. Fear has taken over, and investors are bracing for extreme volatility this week as the U.S. market reacts to escalating trade war tensions. With uncertainty dominating the landscape, Ethereum has been one of the most impacted assets, shedding a significant portion of its value as panic selling intensified. Ethereum’s price plummeted over 37% since last Friday, marking one of its sharpest declines in recent years. The dramatic downturn has led analysts to question whether ETH can maintain its long-term bullish structure or if a deeper correction is imminent.  Top crypto expert Ali Martinez shared a technical analysis on X, revealing that Ethereum appears to be forming a long-term head-and-shoulders pattern. If this pattern is confirmed, ETH must hold above the critical $2,700 mark to keep its bullish structure intact. Losing this level could trigger a deeper selloff, potentially pushing prices toward lower demand zones before any recovery takes place. However, if bulls successfully defend this crucial support, Ethereum could still have a shot at reclaiming lost ground and targeting its long-term goal of $7,000. The coming days will be pivotal in determining ETH’s trajectory as traders assess whether this is a temporary shakeout or the beginning of a prolonged downtrend. Related Reading: Solana Will Drop To $211 If It Fails To Break Key Resistance Level – Analyst As macroeconomic fears and trade war tensions continue to influence market conditions, Ethereum’s price action will be a key indicator of broader investor sentiment. This week will likely set the tone for ETH’s movement in the coming months, making it a defining moment for the second-largest cryptocurrency. Price Action Details: Key Levels To Watch Ethereum (ETH) is currently trading at $2,595 after an extremely volatile Sunday that saw its price plummet to as low as $2,150. The drastic drop has left bulls in a precarious position, as ETH has lost all major support levels and is now searching for demand to stabilize. With the market shaken and fear-dominant sentiment, ETH must hold above the $2,600 mark in the coming days to have a chance at recovery. However, after such a massive liquidation event, regaining bullish momentum may take time, and the likelihood of further downside remains high. Traders and investors are watching key levels closely as Ethereum struggles to find its footing. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum – Metrics If ETH manages to reclaim the $2,800 level and push above $3,000, confidence could return to the market, signaling the first steps of a recovery. Until then, uncertainty remains the dominant force, and the potential for another leg down cannot be ruled out. The next few days will be crucial in determining whether Ethereum can bounce back or if it will continue its decline toward lower support levels. Featured image from Dall-E, chart from TradingView

The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day. Notably, this wave of liquidations has led to over $2.22222 billion being wiped from cryptocurrencies in the past 24 hours.  According to Coinglass data, Dogecoin traders have witnessed significant losses, with numbers placing the meme coin among the hardest-hit assets in this liquidation event. Dogecoin Traders Lose Over $82 Million In 24 Hours Data from Coinglass reveals that Dogecoin liquidations have been among the most severe in the market over the past 24 hours, as leveraged positions crumbled under the weight of rapid price swings. A closer look at the data shows that the vast majority of these liquidations stemmed from long positions, with bullish traders suffering losses amounting to $69.32 million. These traders, mostly expecting a rally this week or at least a stable market, were caught off guard as Dogecoin’s price took a sharp turn downward alongside the rest of the market, forcing liquidations and cascading losses.  Related Reading: 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash Interestingly, despite the broader trend leaning toward a price decline, short sellers were not spared from the liquidation frenzy. Data shows that $13.35 million worth of short positions were liquidated, suggesting that brief price spikes occurred during the general downtrend. These momentary surges may have triggered stop losses for some short traders, leading to forced liquidations even as the overall trajectory remained bearish.  Market-Wide Liquidations Top $2.22 Billion Amid High Volatility The cryptocurrency market has kicked off the new week on a bearish note following a period of consolidation throughout the previous week. Bitcoin, which had maintained relative stability, saw a sharp decline as the weekend came to a close, breaking below the $100,000 mark on Sunday and continued to extend the downside move from there. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Bitcoin’s decline triggered a broader market sell-off, with several major cryptocurrencies following suit. At the time of writing, the global crypto market cap has dropped by approximately 11% over the past 24 hours and is now at $3 trillion, its lowest level since November 15, 2024. As such, the broader cryptocurrency market has experienced a brutal shakeout in the past 24 hours, with liquidations surpassing $2.22 billion.  Bitcoin and Ethereum traders have taken the biggest hits in this liquidation spree. Bitcoin alone has recorded over $406.96 million in liquidated positions, with the majority being long trades of $341.36 million in the past 24 hours. However, Ethereum traders have experienced the heaviest liquidations, with $601 million in positions wiped out. With Dogecoin experiencing $82.67 million in liquidations, the aftermath of this sell-off could set the stage for increased volatility alongside other cryptocurrencies in the short term. At the time of writing, Dogecoin is trading at $0.235, down by 22.5% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum price started a fresh decline below the $3,000 zone. ETH is down over 25% and the bears seem to be in control below $2,770. Ethereum started a fresh decline below the $3,000 support zone. The price is trading below $2,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,200 level. Ethereum Price Nosedives Ethereum price started a major decline below the $3,000 level, underperforming Bitcoin. ETH declined below the $2,800 and $2,650 levels to enter a bearish zone. There was a clear move below the $2,500 level. The price declined over 25% and tested the $2,120 zone. A low was formed at $2,127 and the price is now consolidating losses. There was a minor increase above the $2,300 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. Ethereum price is now trading below $2,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,650 level. The first major resistance is near the $2,770 level or the 50% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. The main resistance is now forming near $2,900. There is also a key bearish trend line forming with resistance at $2,900 on the hourly chart of ETH/USD. A clear move above the $2,900 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,150 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,600 resistance, it could start another decline. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,250. A clear move below the $2,250 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,000 support level in the near term. The next key support sits at $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,200 Major Resistance Level – $2,600

Ethereum is still showing signs of upward momentum if you know where to look. The leading altcoin is now in a bullish expansion phase, with analysts predicting that its price could surge past key resistance levels in the coming weeks. According to crypto analyst Ted Pillows, Ethereum has entered a bullish expansion phase and is on the verge of a major rally that could push it beyond $4,000 in the short term and to new all-time highs by March. Bullish Expansion Puts Ethereum At $4,500 In February According to Ted, Ethereum has transitioned into its expansion phase after completing two preceding phases of accumulation and manipulation. These phases were mapped out on the 3-hour candlestick timeframe and unfolded in the last two weeks of January.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern The accumulation phase was highlighted by Ethereum trading in a range between the upper and lower ends of $3,520 and $3,185, respectively. Following this accumulation phase, Ethereum entered a brief but volatile manipulation phase between January 27 and January 29 before eventually rebounding at the $3,000 mark.  On January 30, Ethereum officially broke out of the manipulation phase, marking the beginning of the anticipated expansion phase. Ted believes this breakout is a key turning point, as it signals the start of a strong rally. With this expansion phase in mind, crypto analyst Ted predicted that the Ethereum price will rally to at least $4,500 in February before setting its sights on a new all-time high by March.  Notably, the analyst’s outlook is based on a combination of breakout from technical patterns and market sentiment, and he noted that Ethereum’s undervaluation is now coming to light.  ETH’s Breakout Hinges On The $4,000 Price Mark In a separate technical analysis, Ted highlighted that Ethereum is breaking out of a downward-sloping wedge pattern on the daily candlestick timeframe. Based on this pattern, he projected that ETH could reach $4,000 within eight to ten days after the breakout is fully confirmed. His forecast is grounded in Ethereum’s historical price movements, particularly referencing two similar breakouts in 2021 and 2024, both of which resulted in a 40% surge within the same time frame. Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming In another analysis, Ted noted that Ethereum is forming higher lows in the longer timeframe. He emphasized that reclaiming the $4,000 mark is crucial right now, as doing so would pave the way for Ethereum to target new all-time highs. According to his projections, a decisive break above this key level will set the stage for Ethereum to reach between the $9,000 and $10,000 range over the next three to four months. Aside from technical indicators, Pillows pointed to the potential impact of Donald Trump’s involvement in Ethereum. He suggested that Trump’s continued accumulation of ETH could further fuel the rally. One such accumulation is the latest acquisition of $10 million worth of ETH by World Liberty Financial, a crypto company affiliated with Donald Trump and some of his family members. At the time of writing, Ethereum is trading at $3,261. Featured image from Adobe Stock, chart from Tradingview.com

Lido (LDO), a decentralized autonomous organization (DAO) that provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake (PoS) blockchains, saw its token surge 20% in the past 24 hours. The token’s price jumped from $1.98 on January 30 to $2.37 at the time of writing. Kraken Reintroduces Staking Services In Select States On January 30, cryptocurrency exchange Kraken announced the relaunch of its staking services for US clients in 37 states and two territories. The exchange also noted plans to expand these services to additional states as regulatory conditions allow. Related Reading: Lido Finance Cements DeFi Lead, Expands To Optimism: Is LDO Undervalued? For the uninitiated, Kraken facilitates staking by delegating users’ staked tokens to network validators, who are responsible for transaction validation and block production. These validators then return rewards – minus fees – to clients who have staked their tokens with them. Commenting, Mark Greenberg, Global Head of Consumer at Kraken said the launch of this staking product in the US is a positive development for the entire US crypto industry. Greenberg added: Kraken serves as a bridge so people can access the crypto space and participate in an increasingly broad range of related activities from an interface and platform that they’re familiar with. Onchain staking is a key component of how we fulfill this role and we believe the resumption of staking in the US today will play a significant role in the development and mass adoption of crypto. Following the announcement, LDO experienced a sharp spike in buying activity, propelling its price above the psychologically significant $2 level. At the time of writing, LDO boasts a total market cap of $2.1 billion, making it the 63rd largest cryptocurrency by market capitalization. Lido Soars 20%, What Do The Analysts Say? LDO’s surge has caught the attention of crypto analysts, many of whom see further upside potential. Crypto analyst World of Crypto noted that LDO is breaking out of both a bullish pennant and a descending broadening wedge. A successful breakout could send the token to the $7–$8 range within a few weeks. Related Reading: Lido Finance (LDO) Is Down 18% In 7 Days, Time To Buy The Dip? Similarly, crypto analyst Daan Crypto pointed to $3 as a crucial resistance level for LDO to break. He attributed the token’s outperformance to investors positioning themselves ahead of the Ethereum staking narrative. They added: It’s just a matter of time before we’ll see the first ETH Spot ETF filing with staking included. That should kick off the ETH & staking narrative and should help boost the performance on these Liquid Staking Derivatives coins. As a token closely tied to Ethereum staking, LDO’s price trajectory remains heavily influenced by ETH’s performance. Fortunately for LDO holders, analysts remain optimistic about an upcoming Ethereum rally. Earlier this month, crypto analyst Mister Crypto remarked that ETH looks ‘bottomed out’, potentially getting ready for a strong rebound. At press time, LDO trades at $2.37, up 19.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Ethereum (ETH) heeft na de recente FOMC-aankondiging een sterk herstel laten zien, met een stijging van 5,35%. Historische data tonen aan dat de koers vaak snel terugveert na volatiliteit, soms met winsten tot 34%. Ook institutionele interesse neemt toe, met een netto-instroom van $67,77 miljoen in ETH ETF’s, geleid door BlackRock. In dit artikel analyseren we de recente koersontwikkelingen, de impact van institutionele investeringen en de koersverwachting van Ethereum. Ethereum koers herstelt na FOMC In de afgelopen maanden heeft Ethereum een opvallend herstelpatroon laten zien na perioden van marktvolatiliteit als gevolg van FOMC-aankondigingen. Uit gegevens van Sentiment Feed’s Net Realized Profit/Loss (NPL)-indicator blijkt dat ETH vaak een significante prijsstijging doormaakt tijdens deze momenten van verhoogde volatiliteit. Specifiek reageert Ethereum op plotselinge dalingen met snelle herstelbewegingen, waarbij de omvang van deze rebounds varieert. In sommige gevallen steeg de koers met maar liefst 34%, terwijl het herstel in andere situaties beperkter bleef, rond de 14%. Door Ethereum’s prijsschommelingen te overlappen met de capitulatiedata op de grafiek wordt dit patroon nog duidelijker zichtbaar. Sinds de laatste FOMC-aankondiging is Ethereum al met 5,35% gestegen, wat wijst op een aanhoudend positieve trend. Dit sterke marktsentiment kan ETH verder omhoog stuwen richting de $3800, ondanks wereldwijde economische onzekerheden. Daarnaast maakt de institutionele vraag naar Ethereum een comeback. Op 30 januari steeg de totale dagelijkse netto-instroom voor Ethereum ETF’s naar $67,77 miljoen. BlackRock liep voorop met een aankoop van $79,86 miljoen aan ETH. Andere opvallende kopers waren Fidelity en Grayscale, met respectievelijke aankopen van $15,41 miljoen en $12,79 miljoen. De enige verkoper op 30 januari was de Grayscale mini-Ethereum trust, die $40,29 miljoen vrijgaf. De overige vijf Amerikaanse spot Ethereum ETF’s registreerden geen instroom. ETH breekt uit na bullish omkering Op de 4-uursgrafiek laat de ETH prijstrend een bullish omkering zien met een ‘double bottom’ patroon. Zoals eerder voorspeld, heeft de omkeringsrally het 23,6% Fibonacci-niveau op $3248 overschreden. De herstelrally heeft tevens de bovenste Bollinger-band opgerekt, wat een stijging van 1,12% in de afgelopen 4 uur weerspiegelt. Nu Ethereum een post-retest omkering heeft voltooid op het 23,6% Fibonacci-niveau, lijkt de opwaartse trend de overhead-weerstandstrendlijn uit te dagen. Met de rally die voortduurt, suggereren de Bollinger-banden een mogelijke uitbraak. Koersverwachting Ethereum Volgens de In/Out of the Money-grafiek van Intotheblock nadert ETH een cruciale weerstandzone tussen $3264 en $3342. Deze zone bevat 6,26 miljoen ETH, wat het een hoogaanbodgebied maakt. Momenteel houdt de ‘at the money’ zone 7,85 miljoen ETH vast tussen $3109 en $3264, wat wijst op een belangrijk niveau. Op de daily benadrukken Fibonacci-niveaus cruciale doelen bij het 50% en 100% retracementniveau, respectievelijk op $3509 en $4079. Aan de onderkant blijft de $3000 supportzone naar verwachting sterk in het eerste kwartaal van 2025. Hoewel ETH er goed voor staat en met de tweede plek qua marketcap de meest prominente altcoin is, kan het interessant zijn om ook opkomende crypto met een lagere marketcap te ontdekken voor potentieel grotere winsten. Een opvallend voorbeeld hiervan is Mind of Pepe (MIND). Dit project combineert AI-innovatie met meme coin charme en fungeert als een autonome AI agent in crypto. Het analyseert altcoin trends en biedt exclusieve inzichten aan MIND holders. De presale heeft al $4,6 miljoen opgehaald en biedt ook de optie om te staken tegen een APY van 490%. Naar de officiële website van MIND of Pepe

Ethereum appears to be regaining momentum, showing a notable recovery after reclaiming the $3,200 level. The asset has surged over 5% in the past day, pushing its market capitalization and daily trading volume higher. This recent movement has narrowed the gap between Ethereum’s current price and its all-time high to just 33%, giving investors reasons to pay closer attention. Various analysts have weighed in on the potential implications of this price action, offering a mix of short- and long-term outlooks. Related Reading: Ethereum’s Prolonged Consolidation: What Is Really Going On? Analyst Weighs In Analysts Discuss Key Levels and Future Targets Elite, a well-known crypto analyst, pointed out that Ethereum’s resilience came in the face of “hawkish signals” from the Federal Reserve. The analyst wrote: Despite the Fed’s hawkish signals yesterday, ETH broke past the $3,200 mark, showing impressive resilience. But that’s not all—on-chain activity is soaring. According to IntoTheBlock data, active Ethereum addresses have increased by 37% over the last few months, reaching 670,000—significantly surpassing the 400,000 level seen in early 2024. This sharp rise in network activity is viewed by some as an indication of growing demand and renewed bullish momentum as the new year unfolds. Several other analysts have also shared their perspectives on Ethereum’s price trajectory. WorldofCharts highlighted the cryptocurrency’s consolidation within a tight range, forming a bullish pennant. He suggested that a successful breakout from this pattern could propel Ethereum toward the $4,000 resistance area. This ascending triangle level, previously outlined in his analysis, may serve as a critical milestone for the asset’s upward trajectory. $Eth #Eth Consolidating Within Tight Range Of Bullish Pennant, Expecting Upside Breakout Soon, Incase Of Successful Breakout Ethereum Can Target 4000$ Area Ascending Triangle Resistance Area “Which I Shared Recently” https://t.co/Gq5sYBiKfA pic.twitter.com/B36VRnN9Qm — World Of Charts (@WorldOfCharts1) January 30, 2025 Ethereum On The Path To A $9,000 Rally? Another prominent analyst, Ted, emphasized that Ethereum’s higher lows on longer timeframes signal a strengthening bullish structure. He identified the $4,000 level as pivotal, predicting that its recovery could open the door to a new all-time high. Related Reading: Ethereum Price Struggles Against Resistance: A Tough Road Ahead Ted went even further, forecasting that Ethereum could reach $9,000 to $10,000 within the next three to four months if these bullish conditions persist. This optimism is supported by growing on-chain activity and sustained investor interest. Ethereum is forming higher lows on the longer timeframe. $4K remains the most crucial level, and the reclaim of that will send $ETH to new ATH. Once that happens, I’m expecting Ethereum to hit $9K-$10K within 3-4 months. Trump will buy more and more ???? pic.twitter.com/c3fFVXh8Xl — Ted (@TedPillows) January 29, 2025 Featured image created with DALL-E, Chart from TradingView

Ethereum price started a fresh increase above $3,220. ETH is now consolidating and might eye more gains above the $3,270 resistance zone. Ethereum started a fresh increase above the $3,120 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,200 level. Ethereum Price Recovers Ethereum price started a decent increase from the $3,020 zone, like Bitcoin. ETH was able to surpass the $3,120 and $3,150 resistance levels to move into a positive zone. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. However, the bears are now active near the $3,270 and $3,280 resistance levels. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,270 level and the 61.8% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. The first major resistance is near the $3,330 level. The main resistance is now forming near $3,360. A clear move above the $3,360 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,270 resistance, it could start another decline. Initial support on the downside is near the $3,220 level. The first major support sits near the $3,200. A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,270

On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has just seen a signal that could prove to be bearish for ETH’s price. Ethereum MVRV Momentum Has Witnessed A Bearish Crossover As pointed out by analyst Ali Martinez in a new post on X, the Ethereum MVRV Ratio has declined under its 160-day moving average (MA) recently. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between the Ethereum market cap and the realized cap. The realized cap here is a capitalization model that calculates ETH’s total valuation by assuming that the ‘real’ value of each token in circulation is equal to the spot price at which it was last transferred on the blockchain. Related Reading: Bitcoin MPI Crossover Could Suggest Bull Run Still On Since the last transaction of any coin is likely to correspond to the last point at which it changed hands, the Realized Cap essentially measures the sum of the cost basis of the circulating supply. This model could also be looked at as a representation of the amount of capital the investors as whole have put into Ethereum. In contrast, the market cap is the value that the holders are carrying right now. When the value of the MVRV Ratio is greater than 1, it means the market cap is greater than the realized cap. Such a trend implies the investors as a whole are sitting on unrealized gains. On the other hand, the metric being under the mark suggests the holders are carrying a lower value than they initially put in, so the average investor could be considered underwater. Now, here is the chart shared by the analyst that shows the trend in the Ethereum MVRV Ratio, as well as its 160-day MA, over the past year: As is visible in the above graph, the Ethereum MVRV Ratio has registered a decline recently as ETH’s price has followed a bearish trajectory. The indicator is still above the 1 mark after this drawdown, suggesting the overall market remains in the green. The metric’s fall, however, has meant that it has slipped under its 160-day MA. The combination of the indicator’s daily value and its 160-day is known as the MVRV Momentum. In the chart, Martinez has highlighted what happened the last time the MVRV Momentum showed a similar pattern as recently. Related Reading: $54 Million In Dogecoin Exits Binance As Price Crashes 9%: Sign Of Buying? It would appear that the MVRV Ratio crossing under its 160-day MA led to a 40% price correction for Ethereum last year. It now remains to be seen whether the negative momentum in the indicator would also prove to be bearish for the cryptocurrency this time as well or not. ETH Price At the time of writing, Ethereum is floating around $3,200, up more than 2% over the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Ethereum’s price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself.  The falling wedge, which is generally known to be a bullish price action structure, is developing between the 50-day and 200-day moving averages for Ethereum, in line with a similar pattern from that preceded an Ethereum price rally last year. Ethereum Repeating Falling Wedge Pattern Ethereum has largely underperformed this cycle without any clear breakout yet. Furthermore, the cryptocurrency has yet to recover towards its 2021 all-time high unlike many of its other crypto counterparts with large market caps.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Technical analysis of the current Ethereum price action shows that the leading altcoin has been trading in a decline since the beginning of the year. This decline has been characterized by the formation of lower highs and lower lows, which is quite like a falling wedge pattern. What’s very interesting is that this wedge pattern on the Ethereum price chart is developing between the 50-day and 200-day moving averages, which makes it even more peculiar. The TradingView analyst highlighted that the current falling wedge price structure mirrors the March 2024 pattern, which saw Ethereum forming a triple bottom before breaking out and reaching the 0.786 Fibonacci extension level. If the same scenario unfolds, the current falling wedge could serve as a launchpad for a price surge towards a target at the $3,800 level. This represents a potential 20% upside from Ethereum’s current trading range. Resistance Levels Could Delay the Rally At the time of writing, Ethereum is trading at $3,180, up 1% in the past 24 hours. This marks a steady climb from the lower end of the wedge pattern, bringing the cryptocurrency closer to breaking above the upper trendline around $3,250.  Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish While the technical setup leans bullish after the predicted breakout, it is important to note that Ethereum faces a significant resistance hurdle between $3,400 and $3,500. Sellers positioned at this resistance zone have acted as a strong barrier in recent months, and they have successfully stalled previous attempts by the bulls to push higher. If Ethereum fails to break through the upper end of this range, another temporary rejection could occur before any sustained move toward $3,800. If Ethereum successfully clears the $3,500 resistance, it could pave the way for a more extended bullish trend, with $3,800 as the next logical target. Notably, this $3,800 target reflects a tempered outlook on Ethereum compared to past market expectations, a sentiment shaped by its recent price action. However, if strong bullish momentum builds toward $3,800, it could trigger an even larger push toward the $4,000 mark. Featured image from Unsplash, chart from Tradingview.com

The crypto market is gearing up for an explosive altcoin season, which could see major cryptocurrencies skyrocket to new highs. After experiencing a surge in December, altcoins entered a correction, leaving their next move uncertain. However, Captain Faibik suggests that the recent pullback was merely a “trailer” for the main event, with February potentially marking the start of the next rally.  Bull Pennant Signals Altcoin Season Boom In a recent X (formerly Twitter) post, Captain Faibik suggested that the altcoin season may be well on its way, as market indicators like a recently formed Bull Pennant show positive signals that support this prediction. The analyst revealed that in early December 2024, the crypto market had experienced a significant uptrend before entering a deep correction phase. Related Reading: Altcoin Season Enters 140-Day Golden Window, What Does Bitcoin Dominance Have To Do With It? Captain Faibik said this decline was necessary as it allowed the market to cool off after significant gains. Usually, when a cryptocurrency experiences strong growth and a subsequent price drop, it tends to flush out weak hands in the market and reset overheated indicators. In the case of the crypto market, the pullback is seen as a healthy market reset that could set the stage for an even stronger uptrend. Moving on, the crypto analyst noted that the market’s correction is almost over, paving the way for the next bullish wave. He shared a chart representing the total crypto market capitalization excluding Bitcoin (BTC) and Ethereum (ETH) on a 1-day time frame.  Currently, the crypto market’s price action is forming a Bull Pennant characterized by converging trendlines. A breakout from this bull pattern is anticipated, potentially leading to a $1.4 trillion market capitalization target for the broader crypto market.  The analyst has indicated that February could be a bullish month for altcoins if the Bull Pennant pattern breaks upwards. He warns investors to buy and hold their bags while waiting for this supposedly explosive altcoin season.  Historically, the altcoin season has seen cryptocurrencies other than Bitcoin surge dramatically as investors’ interest and demand from BTC to other alternative coins. Ethereum typically leads this trend, as its growth often sparks rallies across the altcoin market. However, with ETH underperforming against all expectations, the possibility of a full-fledged altcoin season remains uncertain.  February To KickStart AltSeason Sharing a similar sentiment with the timeline of Captain Faibik’s prediction for the altcoin season, many analysts have speculated that this bullish trend is set to occur in February. Specifically, Crypto Rover, a prominent crypto analyst on X, announced that the altcoin season will begin in the next two days. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 The analyst shared a chart highlighting Ethereum’s historical monthly returns from 2016 to 2024. The column for February shows that ETH has performed massively during this time almost every year, with 2017 recording its most significant return of 48.09%. Based on this analysis, Crypto Rover suggests that February could signal a bullish period for altcoins, triggering the start of the highly anticipated altcoin season. Featured image from Unsplash, chart from Tradingview.com

Ethereum price struggled to continue higher above $3,220. ETH is now consolidating losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,120 zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,200 level. Ethereum Price Faces Resistance Ethereum price started a fresh decline below the $3,220 and $3,180 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price recently corrected some losses. There was a move above the $3,120 and $3,150 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,425 wing high to the $3,020 swing low. However, the bears were active below the $3,200 resistance. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,180 level. The first major resistance is near the $3,200 level and the trend line. The main resistance is now forming near $3,220 and the 50% Fib retracement level of the downward move from the $3,425 wing high to the $3,020 swing low. A clear move above the $3,220 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,0750 level. The first major support sits near the $3,050. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,950. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,220

According to crypto analyst Titan of Crypto, Ethereum (ETH) could be on the verge of a “major move upward” this year as it continues to form higher lows on the weekly chart. However, breaking through the persistent $4,000 resistance level remains a key hurdle for the cryptocurrency, before it goes on to create new highs. Ethereum On The Brink Of A Massive Rally? While frustration may be getting the better of ETH holders due to the digital asset’s below par price performance over the past two years, there could still be a chance to witness a complete turnaround in ETH’s price trajectory. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders In a post on X, Titan of Crypto shared the following ETH weekly chart, illustrating how the digital asset has been consistently forming higher lows since 2022. If ETH maintains this trend, it could soon break through the crucial $4,000 level and potentially set new all-time highs (ATH) later this year. The analyst also applied Fibonacci extensions to estimate potential price targets, with the most optimistic projections reaching as high as $13,000 in 2026. Crypto trader Ted shared a similar outlook on ETH’s price action. According to Ted, once ETH reclaims the $4,000 mark, it could soon surpass its previous ATH. He further predicted that ETH could surge to $9,000 within 3 to 4 months. Additionally, he noted that US President Donald Trump’s recent ETH purchases could provide further upside momentum for the digital asset. Indeed, Trump’s decentralized finance (DeFi) project dubbed World Liberty Financial (WLF) has been on an ETH buying spree. In December 2024, WLF bought 722 ETH, worth $2.5 million at the prevailing market price.  Technical analysis trader Alex Clay also sees ETH’s current downtrend as a potential buying opportunity. Clay highlighted that ETH has not only completed its falling wedge pattern but also successfully defended the $3,000 support level. He added: Time to reverse the short-term trend! Send $ETH to $4,000, $4,500, $5,000. ETH: An Overcrowded Trade? While the above analyses may offer hope to ETH traders, seasoned crypto analyst Ali Martinez cautions that the bullish head-and-shoulder pattern on ETH’s daily chart could be turning into an overcrowded trade. He added: If the pattern holds, any dip to $2,900 could be a buying opportunity, but keep your stop-loss tight between $2,700 and $2,500. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low That said, crypto analyst Mister Crypto recently remarked that Ethereum has “likely bottomed out” and could be on the verge of a breakout to the upside. At press time, ETH trades at $3,095, down 2.2% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the bullish momentum recently seen in the market. While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800. Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum’s resurgence, urging investors to consider the long-term picture. In a detailed post on X, ProjectW outlined several factors that could drive Ethereum’s next breakout. The analyst highlighted Ethereum’s years of accumulation within a broad trading range, suggesting that such prolonged consolidation often precedes significant price expansions. Despite the negative sentiment around Ethereum and narratives favoring other networks like Solana, ProjectW emphasized that Ethereum’s long-term upward trend remains intact. A possible retest of the sub-$ 3,000 range could serve as a catalyst, providing the liquidity needed to push Ethereum past $4,000 and set the stage for a broader recovery. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders ETH/BTC Performance And Outlook A key point in ProjectW’s analysis is Ethereum’s ongoing underperformance against Bitcoin. So far, Ethereum has struggled to match Bitcoin’s gains during market rallies and has often faced steeper declines during market corrections. This trend is reflected in the ETH/BTC trading pair, which remains in a bearish structure on higher timeframes. However, the analyst identified a potential reversal zone around $2,700 for Ethereum, which could coincide with a structural shift if ETH/BTC stabilizes at these levels. THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation “Ethereum is dead. Solana stole the show.” You’ve probably heard this take a hundred times. The sentiment around ETH has never been worse. And yet – if we strip away emotions and narratives – Ethereum’s long-term… pic.twitter.com/ipkXvuXbnj — ProjectW (@fitforcrypto_) January 29, 2025 The analyst also touched on the role of market makers and institutional players in shaping Ethereum’s price trajectory. According to ProjectW, recent negative coverage of Ethereum—ranging from concerns about the Ethereum Foundation to repeated comparisons with Bitcoin—may not be coincidental. Instead, it could represent a deliberate effort by major market participants to accumulate Ethereum at lower prices, a pattern observed in past market cycles. The involvement of institutional players, such as Trump-affiliated World Liberty Financial reportedly acquiring significant amounts of Ethereum, adds another layer of complexity to the current market dynamics. The analyst wrote: We know how this game works. MMs move price where they want – especially to areas with high liquidity. And how do they do it? Media narratives. Recently, we’ve seen an aggressive push of ETH FUD in major publications. – The Ethereum Foundation being questioned – ETH’s underperformance against BTC being highlighted everywhere Is this really a coincidence? Or is it the same old SM playbook? Flood the market with FUD → Retail panic sells at the bottom → Institutions accumulate. Ethereum’s Core Strengths and Future Outlook Despite recent underperformance, the analyst argued that Ethereum’s core fundamentals remain strong. ProjectW wrote: Despite all the noise, Ethereum remains the most important smart contract network. – The deepest liquidity in DeFi – The highest security & decentralization – It has the strongest developer ecosystem While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. So where does this leave us? Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge While no rally is guaranteed, ProjectW suggested that Ethereum’s long-term conditions are aligning for potential growth. The analyst concluded with a call to closely monitor Ethereum’s progress in the coming weeks, as market participants await signs of a sustained upward trend. Featured image created with DALL-E, Chart from TradingView

Crypto analyst Max has revealed that the Ethereum price is at a critical junction, which could determine its trajectory going forward. The analyst remarked that ETH faces a ‘moment of truth’ and explained that the crypto could enter a bearish phase if it doesn’t complete a particular pattern.  Ethereum Price Faces Moment Of Truth After ETH’s Crash Toward $3,000 In an X post, Max stated that the Ethereum price faces a moment of truth right here following ETH’s crash to around $3,000. The crypto analyst added that if ETH doesn’t complete its famous “ultra-scary 3 drive into the lows” pattern before being miraculously saved, then it is over for a while, indicating the crypto could suffer a further downtrend.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Max further explained that there is nothing but air beneath the Ethereum price structure, which he highlighted in his chart. His accompanying chart showed that the next significant support level for ETH beneath $3,000 was at $2,400, indicating that the crypto could drop to as low as this level if it loses the psychological $3,000 level as support.  The crypto analyst then mentioned the worst case that could happen before giving up on the Ethereum price is if it sweeps the $2,800 wick and then the Bitcoin price drops to as low as $95,000. In such a scenario, Max remarked that ETH would need an immediate reaction, possibly because of the bearish sentiment that could spark among investors.  However, the analyst looks to still be bullish on the Ethereum price in the meantime, reaffirming that he has no intention to sell his spot holdings. Crypto whales also look to be bullish on ETH despite its underperformance, as they have been actively accumulating this past week. Bitcoinist reported that Ethereum’s large transaction volume spiked by over 200% in 24 hours, indicating an accumulation trend from these whales.  How The ETH Price Action Could Play Out In an X post, crypto analyst Wolf predicted how the Ethereum price action could play out this year while claiming that ETH is currently being suppressed so that large players can accumulate. According to the analyst, ETH could break out to the psychological $4,000 price level by the end of February.  Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Following that, Wolf predicts that the Ethereum price will enjoy a bullish March as it rallies from $4,000 to $5,000 in days. He added that the second-largest crypto by market cap could hit $6,500 by early April. Once that is done, the analyst expects Ethereum to experience two to three weeks of price correction before it then pushes to between $9,500 and $10,000.  At the time of writing, the Ethereum price is trading around $3,100, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Ethereum is experiencing a gradual recovery as its price climbs above $3,100. This marks a 2.3% increase over the past day. However, the asset remains in a state of overall decline, down 3.3% over the week. While this modest rebound offers some relief, Ethereum is still grappling with the effects of an overall bearish trend. The ongoing price movement has prompted some analysts to revisit Ethereum’s underlying on-chain metrics to understand what may lie ahead for the cryptocurrency. One key area of focus is Ethereum’s spot exchange reserves. According to a recent analysis by Cryptoavails, a contributor to the CryptoQuant QuickTake platform, the total reserves of Ethereum held on spot exchanges have been steadily declining. This long-term trend points to a shift in how market participants are managing their holdings. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders Ethereum Spot Exchange Reserves Trend According to Cryptoavails, Ethereum reserves on spot exchanges have gone through significant changes over the years. During the 2017-2018 bull market, reserves reached their peak, driven by a surge in investor interest. The 2020-2021 period saw another substantial increase, fueled by the rise of the DeFi ecosystem and Ethereum-based projects. However, starting in late 2021, reserves began a sharp decline as large withdrawals from exchanges became more common. By 2023, reserve levels hit a low point, and by 2024, these reduced levels persisted, signaling a potential supply shortage. This reduction in reserves often indicates that holders are withdrawing Ethereum from exchanges for long-term storage, rather than leaving it available for immediate trading. As a result, the diminished supply on exchanges can create upward pressure on prices. Cryptoavails noted that from 2022 onward, as reserves decreased, Ethereum’s price started to stabilize at higher levels. This pattern suggests that low reserve levels could support further price increases, potentially triggering a new upward trend. Technical Analysis Of ETH From a technical standpoint, Ethereum has shown patterns that analysts interpret as bullish. Several prominent figures in the crypto community have shared their insights. One renowned analyst known as Crypto Ceaser recently highlighted a bounce in Ethereum’s price as a significant opportunity, expressing a view that the cryptocurrency is undervalued and may be poised to reach new all-time highs. $ETH – #Ethereum bounced as expected. This was a huge opportunity. Send it. In my opinion Ethereum is heavily undervalued. I think we will see new ATH’s soon. pic.twitter.com/ljMa1lEpJO — Crypto Caesar (@CryptoCaesarTA) January 28, 2025 However, not all analyses paint a uniformly optimistic picture. Anup Dhungana, another crypto analyst, pointed out a divergence between Bitcoin and Ethereum’s market behavior. While Bitcoin has maintained a steady uptrend, Ethereum’s performance against Bitcoin has been less robust, with the ETH/BTC pair forming lower lows. This divergence reflects reduced investor interest in Ethereum relative to other assets. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst According to Dhungana, the next technical support level for ETH/BTC may lie between 0.028 and 0.026. A rebound from this level could potentially revive broader interest in Ethereum and altcoins, paving the way for another phase of growth. Featured image created with DALL-E, Chart from TradingView

Ethereum price struggled to continue higher above $3,220 and dipped. ETH is now consolidating losses and might face resistance near the $3,200 zone. Ethereum started a fresh decline below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,220 level. Ethereum Price Dips Again Ethereum price started a fresh decline below the $3,250 and $3,200 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price recently corrected some losses. There was a move above the $3,120 and $3,150 levels. The price surpassed the 23.6% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low. However, the bears were active near the $3,220 resistance. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,150 level. The first major resistance is near the $3,220 level, the trend line, and the 50% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low. The main resistance is now forming near $3,270. A clear move above the $3,270 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,020. A clear move below the $3,020 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,950 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,020

Ethereum adoption is soaring, with the network just passing a critical milestone that has analysts forecasting a price recovery. Related Reading: Bitcoin Sudden Breakdown: Price Falls Below $100,000 Support On January 24th and 25th, Ethereum experienced a rise in daily active addresses, exceeding 200,000—a number not seen since October 2022. This huge increase reflects the network’s increased engagement and importance in decentralized finance (DeFi) and non-fungible tokens (NFT), Glassnode data shows. Ethereum Network Activity And User Engagement The increase in daily active addresses is one of the most important measures of Ethereum adoption since it demonstrates that more users are interacting with decentralized apps (dApps) and conducting DeFi transactions. The recent increase in new Ethereum addresses shows that more people are entering the market. This may be because price changes are drawing in newcomers, even though prices have fallen recently. The increase in addresses shows past patterns seen during times of market instability and price changes, when fluctuations usually lead to more activity on the network. Ethereum addresses with a non-zero balance have likewise steadily grown; in January 2025 they will have topped 136 million. This consistent rise—even in the face of declining prices—showcases Ethereum’s resilience and suggests that network acceptance is transcending simple speculative trading, therefore showing substantial, long-term demand in the platform. Price Recovery And Market Volatility Now, the question is whether this pattern will lead to a price recovery for Ethereum, even as its use is growing. Ethereum’s price has had difficulty breaking past significant resistance levels, even if the network’s user base is expanding. The price of ETH is still below its peak in January 2025, even with strong adoption signs. ETH was down 4.0% and 1.0% on the daily and weekly charts at $3,203 at the time of writing. Analysts are keeping a close eye on the price movement, and some predict that as more institutional investors and individual traders look to profit from the rising demand for ETH-powered services, Ethereum’s price will rise. On Macroeconomic Conditions & Bitcoin Price Performance Meanwhile, macroeconomic conditions, especially Bitcoin performance and broader market mood, continue to have a significant impact on Ethereum’s price swings. The cryptocurrency market’s volatility continues to be an issue, with unexpected drops and spikes forcing traders to be hesitant. However, if Ethereum can sustain its present acceptance trend and continue to grow its network of active users, its price may finally gain the upward impetus it has been lacking. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert What Triggered The Spike? The increase in new Ethereum addresses on January 24 and 25 is a result of rising market volatility, which attracts more users. This increase shows the growing engagement with DeFi and NFTs and suggests a future usage beyond speculative trading. The network’s operations show that consumer interest is expanding, regardless of price reduction. Featured image from DALL-E, chart from TradingView

The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin pegged to the US dollar. This marks the third time in 2025 that the EF has sold ETH, raising concerns among ETH holders about the cryptocurrency’s relatively lackluster price performance. EF Continues To Sell Ethereum, But Analysts Offer Hope  In a post on X earlier today, on-chain analytics platform Spot On Chain identified a transaction showing that the EF had offloaded another 100 ETH. As of January 27, the EF has sold a total of 300 ETH for approximately $981,200. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Naturally, the continued selling pressure from the EF has contributed to Ethereum’s price struggles. Over the past 24 hours, the second-largest cryptocurrency by market cap has fallen by 5.7%, trading at $3,125 at the time of writing. That being said, the EF still holds a substantial amount of Ethereum. According to data from Arkham Intelligence, the non-profit organization owns 269,175 ETH, worth more than $800 million at current market prices. While the EF’s decision to periodically sell ETH has raised concerns among some of the digital asset’s largest holders, seasoned crypto trader CoinMamba believes that all may not be lost for ETH just yet. In a post on X, CoinMamba shared a chart providing ‘some hopium’ for the next two months. According to the analysis, the months of February and March have historically delivered strong returns for ETH holders. The analyst explained that Ethereum has only posted negative returns in February once, back in 2018, when the digital asset had already surged by 50% in January of that year. In February 2024, the cryptocurrency saw a 46.3% increase in price. Crypto trader Crypto Rover shared their analysis aligning with the prediction of ETH appreciating in value over the next couple of months. The trader emphasized that ETH is still in a ‘massive uptrend,’ and there is no reason to panic. Is ETH On The Cusp Of A Rally? Despite being overshadowed for much of 2024 by the likes of SUI, Solana (SOL), and XRP, analysts are confident that ETH has yet to experience a bullish price momentum that could bring it closer to its current all-time high (ATH) of $4,878, recorded in November 2021. Related Reading: Ethereum To Outperform Bitcoin In 2025? Report Predicts $8,000 ETH Price For example, recent analysis by crypto analyst Mister Crypto suggests that ETH has likely bottomed out and a price rally could be imminent for the smart contract platform token. Another analyst pointed out that ETH is completing an inverse head-and-shoulders pattern on the three-day chart, which is considered a bullish signal for the digital asset. However, concerns remain regarding Ethereum’s underperformance relative to Bitcoin (BTC), with the ETH/BTC trading pair hitting four-year lows. At press time, ETH is trading at $3,125, down 5.7% over the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern.  Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while Ethereum is currently on a downtrend from the $4,100 resistance level. In line with this, he revealed targets to watch out for following the formation of this pattern.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Kartik stated that the next strong support level is at $2,800. He added that the Ethereum price could see a positive move from either a breakout of the trendline or support at the $2,800 level, or both could co-occur. The analyst also advised market participants to wait for things to play out before making any decisions.  The analyst’s accompanying chart showed that the Ethereum price could rebound from the support level at $2,800 and rally to $3,600. The chart also showed that Ethereum could even rally to as high as $4,000. Meanwhile, ETH could face some resistance at around $4,100 as it targets higher prices. A break of the $4,100 resistance could lead to a further rally to $4,400.  Crypto analyst Titan of Crypto also provided a bullish outlook for the Ethereum price, stating that a breakout is imminent. This came as he remarked that ETH was on the verge of breaking out from a falling wedge pattern. Crypto analyst Mikybull Crypto also stated that the ETH breakout seems very close, which could send its price to $4,000.  ETH To Reach $5,000 Thanks To These Fundamentals In an X post, crypto analyst Ted predicted that the Ethereum price will reach $5,000 before April this year. The analyst alluded to ETH’s fundamentals to prove why such a parabolic rally is possible for the second-largest crypto by market cap. First, he mentioned the fact that Donald Trump’s World Liberty Financial is buying and staking ETH, which is bullish for Ethereum.  Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Ted further mentioned the launch of Etherealize, which will help onboard institutions. This move could increase the inflows into the ETH ETFs, which is a positive for the Ethereum price. The analyst also mentioned the Pectra upgrade, which is coming in March 2025. Alongside these bullish fundamentals, he noted that sentiment is at an all-time low, which he claimed is the best signal for reversal.  At the time of writing, the Ethereum price is trading at around $3,130, down almost 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,220 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,300 level. Ethereum Price Dips Further Ethereum price started a fresh decline below the $3,320 and $3,220 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price is now correcting losses. There was a move above the $3,050 and $3,120 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low. Ethereum price is now trading below $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low. The first major resistance is near the $3,250 level. There is also a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD. The main resistance is now forming near $3,300. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,950. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,220

Ethereum experienced a sharp decline yesterday as the broader cryptocurrency market tumbled. ETH prices dropped over 9% in just a few hours, shaking investor confidence and raising concerns about a potential deeper correction. The sudden downturn has sparked fear across the U.S. markets, adding to the uncertainty that has gripped the crypto space this Monday morning. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype Top crypto analyst Carl Runefelt shared a technical analysis on X, shedding light on Ethereum’s precarious position. According to Runefelt, Ethereum might test the $2,800 support level if the market continues its downward trajectory today. This key level could serve as a critical juncture for ETH, as losing it might lead to further declines and heightened selling pressure. Market sentiment has taken a hit, with many investors bracing for increased volatility in the days ahead. Analysts are closely monitoring macroeconomic indicators and broader market movements to gauge the potential impact on Ethereum’s price action. As ETH hovers around pivotal support zones, the next 24 to 48 hours will be crucial in determining whether the cryptocurrency can regain momentum or face a deeper correction. Investors are urged to tread cautiously as the market navigates this volatile phase. Ethereum Faces Intense Selling Pressure  Ethereum has been under significant selling pressure since late December, reflecting the heightened volatility that has gripped the broader cryptocurrency market. Analysts and investors are increasingly bearish, with sentiment suggesting that ETH may continue to decline in the coming days. This challenging phase has raised concerns about the asset’s near-term prospects, leaving many market participants on edge. Top crypto analyst Carl Runefelt shared his technical analysis on X, highlighting a critical support level for Ethereum. Runefelt predicts that ETH might reach the $2,800 support level if the current market downturn persists. This key level could be a strong foundation for a potential recovery or signal further weakness if broken. Despite the bearish sentiment, some investors and traders see this potential drop as an opportunity. Ethereum remains one of the most prominent cryptocurrencies, and many believe it is still poised for significant gains this cycle. A correction to $2,800 could provide an attractive entry point for those confident in Ethereum’s long-term fundamentals and growth potential. Related Reading: Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation As the market continues to navigate this uncertain period, all eyes are on Ethereum’s price action. Whether it holds at critical support or succumbs to additional selling pressure will play a crucial role in shaping its trajectory in the weeks ahead. Price Holds Above Critical Support Ethereum (ETH) is currently trading at $3,050, maintaining a position just above the 200-day moving average, which stands at $2,988. The 200-day moving average is widely regarded as a long-term indicator of strength, and holding above this level could signal a potential reversal of the ongoing downtrend. The market is watching closely to see if Ethereum can maintain this critical support, as it could mark the beginning of a recovery phase. Analysts highlight that staying above the 200-day moving average is essential to building bullish momentum and restoring investor confidence in the short term. However, holding support is only the first step. To confirm a trend reversal and establish a stronger bullish outlook, Ethereum must reclaim the $3,300 resistance level. This would indicate that buyers have regained control, potentially paving the way for further upside. Related Reading: Cardano Consolidates In A Symmetrical Triangle – Analyst Expects A 40% Move On the flip side, losing the $2,988 level could lead to increased selling pressure, with the possibility of ETH testing lower support levels. As the market navigates this pivotal moment, the coming days will be crucial in determining whether Ethereum can sustain its current levels and make a push toward reclaiming higher ground. For now, traders and investors remain cautiously optimistic. Featured image from Dall-E, chart from TradingView

The Ethereum Foundation (EF) has continued its ETH sales by selling 100 ETH for $307,893. This transaction, reported on Jan. 27 by blockchain analytics firm SpotOnChain, marks the Foundation’s third Ethereum sale of 2025. In total, EF sold 300 ETH, valued at roughly $981,200, during the first month of the year. Market observers noted that […]
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Despite facing considerable price challenges, Ethereum (ETH) remains resilient, with vital developments continuing to unfold within its ecosystem. Among the most anticipated advancements is the upcoming Pectra Upgrade, expected to roll out in mid-March.  This upgrade is being hailed as the largest in Ethereum’s history, marked by the introduction of numerous Ethereum Improvement Proposals (EIPs) that promise to transform the network’s functionality and user experience. How Ethereum Validators Could Earn Even Higher Rewards Anthony Sassano, an independent Ethereum educator and angel investor, has been vocal about the potential impact of the Pectra Upgrade, emphasizing that this upgrade will significantly enhance Ethereum’s user transaction flow through account abstraction, primarily driven by EIP-7702.  Instead of navigating the cumbersome approve-then-swap process, users will be able to execute these actions in a single transaction, substantially simplifying the user experience. Related Reading: Spot Bitcoin ETFs Record Staggering $4.7 Billion In Seven-Day Inflow Streak — Details Another notable proposal, EIP-7251, is set to increase the maximum effective balance that validators can earn rewards on from 32 ETH to an impressive 2048 ETH per validator.  This change means that validators will no longer need to wait to accumulate 32 ETH before they can start earning staking rewards. The upgrade will also allow for the consolidation of validators managed by a single node operator, thereby alleviating some of the network’s operational burden. Key EIPs To Optimize Network Performance EIP-7691 addresses scalability concerns by increasing blob throughput. Blobs have been near capacity for months, which has constrained the scalability of rollups and layer 2 solutions while driving up transaction fees for users.  With the forthcoming increase from 3/6 to 6/9 blobs, the network is expected to accommodate more transactions, leading to lower fees and improved performance for users. The Pectra Upgrade also introduces EIP-7623, which raises the cost of using calldata for rollups. This measure encourages rollups to utilize blobs exclusively, optimizing resource allocation on the network.  In addition, EIP-7002 will introduce a new mechanism that facilitates validator withdrawals at the execution layer. This innovation aims to create fully trustless staking pools, minimizing reliance on intermediaries for processing withdrawals and reward distributions. Related Reading: Ethereum Tests Massive Falling Wedge – Breakout Could Target $4K Cycle Highs EIP-7685 enhances communication between the execution and consensus layers of Ethereum, allowing smart contracts to interact directly with the staking layer. This development could reduce the need for intermediaries, such as trusted oracles, thereby improving efficiency.  Furthermore, EIP-2537 will make cryptographic processes on the network more efficient, particularly benefiting zero-knowledge (zk) operations that are crucial for scalability and privacy. In addition to these prominent proposals, the Pectra Upgrade includes four more EIPs designed to streamline network operations. These encompass improvements such as serving historical block hashes from state and supporting validator deposits on-chain, which will further optimize Ethereum’s infrastructure. Despite these expected upgrades, the Ethereum price continues to hover around $3,200 and $3,300, showing a notable lack of catalysts that could boost the altcoin’s price. Featured image from DALL-E, chart from TradingView.com 

Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,420 resistance zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,150 support level. Ethereum Price Breaks Support Ethereum price started a decent upward move from the $3,280 level, like Bitcoin. ETH was able to surpass the $3,320 and $3,350 resistance levels. The pair even surpassed $3,400 and tested $3,420. A high was formed at $3,427 and the price corrected most gains. There was a move below the $3,320 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD. A low was formed at $3,161 and the pair is now consolidating losses. Ethereum price is now trading below $3,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low. The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300 or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,150 Major Resistance Level – $3,250

Ethereum (ETH) has been trading within a narrow 4-hour range between $3,150 and $3,500, leaving investors frustrated with its lackluster performance in recent weeks. As other assets in the crypto market make strides, Ethereum’s sideways movement has caused many to question whether it can regain its momentum this year. The prolonged consolidation has dampened sentiment, with some investors beginning to lose patience and faith in ETH’s ability to deliver substantial returns. Related Reading: Cardano Consolidates In A Symmetrical Triangle – Analyst Expects A 40% Move However, optimism remains among technical analysts who see Ethereum nearing a critical inflection point. Top crypto analyst Daan recently shared a technical analysis on X, highlighting a massive falling wedge pattern forming on Ethereum’s chart. This setup is widely considered a bullish reversal indicator, with the potential to spark significant upward movement if the price breaks out. According to Daan, a breakout from this falling wedge would likely pave the way for Ethereum to test the $4,000–$4,100 level, offering a glimmer of hope for bullish investors. Such a move could reinvigorate market confidence and set the stage for Ethereum to reclaim its status as a leading altcoin. For now, all eyes are on ETH as traders await confirmation of the next big move in this highly-watched range. Ethereum Facing Serious Risks Ethereum has remained in a downtrend since late December, struggling to regain momentum as bearish sentiment continues to dominate the market. The lackluster price action has left investors and analysts increasingly concerned about the possibility of a deeper correction, as ETH consolidates near critical support levels. While some remain hopeful for a turnaround, the current outlook suggests Ethereum faces significant challenges ahead. Top crypto analyst Daan recently shared his insights on X, highlighting a massive falling wedge pattern on Ethereum’s chart. This pattern is often regarded as a bullish reversal signal, with the potential to trigger a significant breakout if confirmed. According to Daan, a successful breakout could propel ETH toward the $4,000–$4,100 range, revisiting its cycle highs. However, he also expressed caution, suggesting that if ETH does manage to reach this level, it may encounter strong resistance, potentially leading to another sharp rejection. Daan emphasized the importance of monitoring the falling wedge trendline, noting that it will play a crucial role in determining Ethereum’s next move. For now, the market remains in a wait-and-see mode, with ETH navigating a precarious balance between bullish breakout potential and the risk of further downside. Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout As Ethereum hovers around key levels, traders and investors are closely watching for signs of a definitive move. A breakout above the falling wedge could breathe new life into ETH and reignite optimism, while failure to hold support may lead to an extended period of consolidation or even a deeper correction. The coming days will be critical in shaping Ethereum’s trajectory, with its performance likely to influence broader market sentiment. ETH Consolidates Above Key Demand Ethereum (ETH) is trading at $3,322 after enduring several days of choppy price action, reflecting the broader uncertainty in the crypto market. The price has struggled to gain momentum as it remains stuck in a tight range, testing the patience of investors and traders alike. To ignite an uptrend, bulls must hold the critical $3,300 support level, which has served as a key demand zone in recent sessions. A decisive push above the $3,500 resistance level, which has capped ETH’s upward movement for weeks, is essential to confirm a bullish breakout. Clearing this level would likely reinvigorate market sentiment and attract fresh buying interest, setting the stage for Ethereum to target higher price levels in the coming days. Related Reading: Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52 However, the downside risks are significant. If ETH fails to hold the $3,300 mark, it could trigger a wave of selling pressure, leading to a deeper correction. Such a move could also cause capitulation among investors who have grown disillusioned with Ethereum’s underperformance compared to Bitcoin and other altcoins. Featured image from Dall-E, chart from TradingView

Bitcoin has yet to relinquish its dominance in this market cycle, leaving many investors still holding onto hopes for the arrival of an altcoin season. Still, there remains a possibility that an altcoin rally might never come to fruition this season, given the recent market trends this cycle. Crypto analyst Ali Martinez echoed this perspective in a recent post on X, claiming that an altcoin season may never return. His observation sheds light on the change in market dynamics and the significant shifts that have occurred since previous alt seasons. Why AltSeason Might Never Happen An altcoin season is defined by a period of rapid price surges across a wide range of altcoins. Furthermore, an altcoin season is characterized by investors cashing out their Bitcoin profits and pouring them into altcoins. This period is always accompanied by social media hype and FOMO from crypto investors as they rush in to get in on the action. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 However, current market conditions have seen the crypto industry grow from its early days into a new market with a close relationship with investors in the traditional finance sector. Additionally, the altcoin market has expanded dramatically since the last major bull run in 2021, and you could argue that it has become somewhat oversaturated. Martinez highlighted a startling statistic: over 36.4 million altcoins are now in circulation. This is a dramatic increase compared to fewer than 3,000 altcoins during the 2017-2018 altcoin season and an even smaller pool of fewer than 500 in the 2013-2014 bull market cycle.  The sheer scale of this supply explosion has fundamentally altered the cryptocurrency landscape, diluting attention and capital among an overwhelming number of assets. This oversaturation means that achieving widespread price surges across altcoins has become a far more challenging proposition than in previous market cycles. Furthermore, many of these altcoins have unclear use cases or poor fundamentals and only divert attention from specific altcoins with strong utility. Could The Era Of Altcoin Seasons Be Over? The concept of an altcoin season may be a relic of a less crowded market. Ethereum, the largest altcoin, has largely failed to perform up to expectations this cycle. Known as the primary driver of past altcoin seasons, Ethereum has struggled to gain momentum for over a year, even as other altcoins like Solana, XRP, Cardano, and Dogecoin continue to push to multi-year highs. Related Reading: Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market If Ethereum, with its established dominance and utility, cannot deliver, it raises serious questions about the potential of other altcoins to rally. Instead, individual altcoins with strong fundamentals or unique propositions could continue to thrive while the rest of the market remains stagnant.  At the time of writing, Coinmarketcap’s dominance data shows that Bitcoin commands 57.9% of the total crypto market cap, increasing by 0.69% in the past 24 hours. Meanwhile, Ethereum is steadily losing ground, with its dominance dropping by 1.07% over the same period, now accounting for just 11.1% of the overall market. Featured image from iStock, chart from Tradingview.com

Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential. However, signs suggest that this period of underperformance could be coming to an end. Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout Recent data from on-chain analytics firm Santiment has revealed a bullish development for Ethereum. According to their insights, whales—large holders of cryptocurrency—have accumulated over 1.14 million Ethereum in the last 48 hours. This surge in accumulation signals growing confidence among institutional players and high-net-worth investors, who are positioning themselves for a potential bullish breakout. This significant whale activity often precedes large price movements, as it demonstrates strong interest from those with the resources to influence market trends. With Ethereum’s fundamentals still solid and the adoption of its blockchain ecosystem steadily growing, the recent whale activity could be the catalyst for a reversal in Ethereum’s fortunes. Ethereum Investors Waiting For A Breakout Ethereum has been under significant selling pressure, facing heightened volatility over the past two weeks and extending through several months. This prolonged downtrend has tested the resolve of many investors, leading some to capitulate as Ethereum continues to underperform relative to Bitcoin and other altcoins. However, a growing number of market participants remain optimistic, convinced that ETH still holds significant potential for a major recovery this year. Among the bullish voices is top analyst Ali Martinez, who recently shared compelling data highlighting a surge in whale activity. According to Martinez, whales have accumulated over 1.14 million Ethereum in the past 48 hours, signaling renewed confidence in ETH’s long-term prospects. Such large-scale accumulation by high-net-worth investors often indicates a belief in an impending price rebound, as whales are known to position themselves ahead of major market moves. This whale activity aligns with the broader bullish outlook many analysts have set for Ethereum this year. With its robust ecosystem, growing adoption, and significant upgrades like the recent Ethereum Merge enhancing its efficiency, Ethereum continues to solidify its role as a leading blockchain. Related Reading: Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52 The coming weeks will be critical for ETH as it navigates these volatile conditions. Whether Ethereum can capitalize on the bullish momentum created by whale accumulation remains to be seen. Still, the potential for a significant turnaround is evident, and the current market dynamics suggest that Ethereum is far from being counted out. Investors and analysts alike are keeping a close eye on ETH, anticipating whether it can overcome selling pressure and reignite its upward trajectory in the months ahead. ETH Price Action: Testing Key Levels  Ethereum (ETH) is currently trading at $3,305, holding above key demand levels despite a modest 4% drop since yesterday. The ability to maintain support around $3,300 is crucial for Ethereum to sustain its momentum and avoid further downside pressure. As the market remains uncertain, this level serves as a pivotal point for both bulls and bears. For ETH to confirm a new bullish trend, the price must push above local highs near $3,525. Breaking this resistance would signal renewed buying interest and could set the stage for further upward momentum, potentially reversing the recent underperformance compared to other assets. A decisive move above $3,525 would strengthen the bullish narrative and attract additional investor confidence. On the downside, losing the $3,200 support level in the coming days would likely signal weakness and could lead to a prolonged consolidation or even a deeper correction. Such a move might test lower demand zones, delaying Ethereum’s potential recovery. Related Reading: Solana Compresses Near Previous ATH – Gearing Up For The Next Leg Higher? As ETH navigates this critical juncture, traders are closely watching these key levels to determine the asset’s next move. Whether Ethereum holds its ground or faces additional selling pressure, the outcome will likely shape its trajectory in the near term. Featured image from Dall-E, chart from TradingView

As the Ethereum price lingers below its all-time highs (ATHs), TRON founder Justin Sun has emerged with a bold vision aimed at revitalizing the altcoin’s value.  Sun’s Vision For The Ethereum Price In a recent social post on X (formerly Twitter), Sun proposed a plan that he believes could propel the Ethereum price to unprecedented heights, targeting a price of $10,000. Sun’s strategy hinges on a radical overhaul of the Ethereum Foundation (EF) and the Ethereum protocol itself.  Related Reading: US Bitcoin Reserve: Eric Trump’s Deleted Tweet Raises Eyebrows The TRON founder asserts that under his leadership, immediate and decisive actions could almost double the current price peak for ETH. One of his primary proposals is to halt the sale of ETH for a minimum of three years. By doing so, Sun aims to stabilize the currency’s supply and bolster market confidence.  To cover operational costs during this period, Sun suggests leveraging Aave (AAVE) lending, staking yields, and stablecoin borrowing, thereby ensuring that the ETH supply remains intact while aligning with deflationary goals. In addition to halting sales, Sun proposes imposing significant taxes on Layer 2 (L2) projects. He believes this move could generate at least $5 billion annually for Ethereum, either in stablecoins or tokens.  The revenue from these taxes would be utilized to repurchase and burn ETH in a decentralized manner, further enhancing scarcity and potentially driving up demand. Major Staff Cuts To Transform Ethereum Foundation Into Meritocracy In his social media post, Sun also emphasized the need to streamline operations within the Ethereum Foundation. He suggests a significant reduction in staff, retaining only the most capable team members.  Those who remain would receive substantial salary increases, transitioning the Ethereum Foundation into a merit-based organization that rewards high performance. Furthermore, the TRON founder calls for adjustments in node rewards and a stronger focus on fee-burning mechanisms. By reducing node rewards, Sun believes Ethereum can solidify its deflationary status, reinforcing its position as a store of value.  Related Reading: Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details The focus, according to Sun, would shift exclusively toward Layer 1 (L1) development, prioritizing scalability, security, and broader adoption. Sun is confident that these initiatives could lead the Ethereum price to surpass $4,500 within the first week of implementation, laying the groundwork for long-term success.  While this only represents Sun’s vision for the Ethereum price, any of these proposals, if viable for driving another leg up of the altcoin, could ultimately be adopted by the co-founders or the developers of the platform. As of this writing, the Ethereum price hovers around the $3,200 mark, reflecting a loss of 4% over the past 24 hours. This decline has widened the gap between the current price and its ATH of $4,878, representing a difference of 34.5%. Featured image from DALL-E, chart from TradingView.com