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While Ethereum (ETH) is at a pivotal crossroads, some analysts suggest that a reclaim of a key resistance could open the door to a massive breakout. However, others have raised questions about the altcoin’s next move amid the recent market volatility and weak signals. Related Reading: Bitcoin Faces ‘Most Critical Week In Months’ Amid $76,000 Retest – Should Investors Worry? Ethereum Breakout: ‘A Matter Of When’ Ethereum has found a new price range after turning the $2,250 level into support during the April market recovery. The cryptocurrency has been trading between the $2,250-$2,400 levels over the past few weeks, reaching a three-month high of $2,465 on April 17. In an X post, analyst Michaël van de Poppe highlighted ETH’s recent performance, asserting that its upward price pattern held, despite the price being rejected from the $2,400 resistance, a key psychological and technical barrier that has stopped prior rallies. As he explained, “Structure remains intact, and multiple resistance tests have failed to break through, suggesting a breakout is looming.” To him, a breakout from the local resistance area is “a matter of when (…) and not if.” The analyst recently stated that the King of Altcoins could be “about to follow Bitcoin in the path upwards,” which would open the gate for a retest of the next crucial resistance around the $2,700 area. Meanwhile, market observer Ali Martinez shared an analysis based on the MVRV pricing bands, noting that Ethereum has been attempting to reclaim its Realized Price, currently at $2,335, as support. He explained that successfully turning this level into a support floor is a “standard technical prerequisite” for a sustained rally, and reclaiming the cost basis has historically helped build the momentum to reach the 2.4MVRV pricing band at the $5,600 mark. According to the post, ETH needs continuation of the strength seen during the early April recovery rally to reclaim its Realized Price and open the gates to a 140% rally over time. “If ETH can claim this $2,335 level and establish it as a support floor, it creates the structural conditions to target that upper $5,600 band,” he affirmed. ETH Weakness Risks 17% Correction On Wednesday morning, Ethereum attempted to recover from the start-of-the-week price drop and reclaim the $2,300 area. Amid this performance, Crypto Batman highlighted that ETH had broken down from a two-week pennant pattern after losing the $2,320 support line, suggesting that the short-term trend had shifted bearish. The analyst cautioned that failing to reclaim the bullish trendline and the bearish FVG would open the door for lower levels. Similarly, Ted Pillows warned that Ethereum has shown weakness amid the current rally, highlighting that it needs to reclaim the $2,400 area for a strong continuation. On the contrary, failure to reclaim this level risks turning the current pump into exit liquidity, he affirmed, potentially triggering another sharp pullback. The market watcher also stated that ETH could see a considerable decline over the next few days due to Wednesday’s FOMC meeting. Related Reading: Bitcoin Set For $88,000? Analysts Forecast May Breakout After Key Weekly Close Notably, the King of Altcoins has retraced after each meeting since October 2025, dropping 17% to 42% in the following days. After today’s meeting, the altcoin fell to a two-week low of $2,220, recording a 5% intraday drop before slightly recovering. If history repeats itself, Ethereum could lose the $2,200 support and potentially target the $2,000 psychological barrier for the first time in a month. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum and Solana are once again under close watch as fresh data reveals how both networks are performing, with recent fee metrics and on-chain activity offering a clearer picture of where momentum currently sits. Ethereum Vs. Solana: Fee Dominance And Growing Activity Recent figures directly address how both networks compare, showing Ethereum building a clear lead in economic activity. Data shared on April 24, 2026, by @ETH_Daily revealed that Ethereum had been generating more total fees than Solana for over a week. In the most recent 24-hour snapshot, Ethereum recorded approximately $2.7 million in fees, while Solana produced about $70,000. This 40 times gap highlights a sustained difference rather than a short-term fluctuation. Related Reading: XRP’s 900% Move To $15: Pundit Flags The Retest That Will Trigger It The fee chart tied to this update provides further clarity. Ethereum’s fee levels, which had been moving within moderate ranges earlier in the period, surged sharply toward nearly $2.75 million. In contrast, Solana’s fees fluctuated within a tighter band before declining significantly, eventually approaching minimal levels.  Beyond fees, on-chain data adds another layer to the comparison. On April 27, 2026, @CryptoQuant reported that Ethereum’s active addresses had climbed to record highs even as its price moved lower. The dataset, attributed to CryptoOnchain, shows activity nearing 600,000 addresses while price levels remain below previous peaks near $4,000 and closer to around $2,300. This divergence between rising participation and softer price action suggests that Ethereum’s usage is expanding independently of market valuation. The combination of strong fee generation and increasing address activity points to growing demand, particularly in areas involving higher-value transactions and decentralized finance. The fact that users continue to transact despite higher costs indicates that Ethereum is capturing a larger share of meaningful economic activity. Ethereum Vs. Solana: Usage Patterns And Market Signals Looking at the same period, Solana’s performance reflects a different activity structure. The network’s lower fee output suggests that transaction values are comparatively smaller or that overall high-value usage has declined. This does not diminish its role in the market, but it does highlight a gap when measured by revenue generated from network use. Related Reading: Why The 42% Crash From ATH Is Actually Good For Bitcoin And The Crypto Market The contrast becomes more defined when aligning both fee data and on-chain signals. Ethereum’s sustained lead in fees over more than a week indicates consistent demand for its block space, while Solana’s lower figures point to a network where activity is either less monetized or concentrated in lower-cost transactions. This difference is significant because fees are often viewed as a direct reflection of how much value users are moving across a blockchain. At the same time, the divergence identified by CryptoQuant reinforces Ethereum’s position, with rising active addresses during a period of price weakness signaling sustained engagement. No comparable signal appears for Solana in the same dataset, leaving Ethereum with clearer indicators of growing usage. Overall, the data shows Ethereum with stronger underlying activity and higher economic throughput, while Solana reflects more moderately monetized usage during this period. Featured image from Dune Analytics, chart from TradingView.com

Bitmine’s aggressive accumulation of Ethereum isn’t just another headline; it’s a signal that a new corporate strategy may be taking shape in the digital asset space. At a time when most firms are still cautiously exploring digital assets, Bitmine is moving with conviction, building one of the largest ETH positions and signaling a shift in how companies may think about balance sheets, capital allocation, and long-term positioning. How Ethereum Is Becoming More Than A Passive Treasury Asset Bitmine Immersion Technologies, Inc. (BMNR) had just become one of the largest Ethereum holders in the industry. Even though the company is down $6 billion on the position, it is still buying. The co-founder of GlydeGG, Jeremy, has revealed on X that Bitmine has invested $17.34 billion in ETH, with 100% allocation, and is sitting on an unrealized loss of roughly $6.35 billion. Related Reading: Bitmine’s Ethereum Holdings Reach Record 5 Million Tokens–CEO’s Bullish Outlook Despite that, the company didn’t sell a single coin and instead added another 101,627 ETH last week alone, marking its largest weekly accumulation of 2026. According to Jeremy, Bitmine has stated that the company’s goal is to own 5% of all ETH issued, and they are already at 4.12%, which places them among the largest holders in the ecosystem. However, 73% of their holding are staked, generating an estimated $264 million in annualized revenue. There’s precedent for this kind of strategy. MicroStrategy, now widely known as Strategy, made a similar aggressive move with Bitcoin, transforming its corporate treasury playbook into a leveraged bet on a single digital asset. Furthermore, Bitmine appears to be applying the same logic to ETH, and the firm is already down $6 billion and still buying. What ETH’s Lowest Exchange Supply Ratio Since 2016 Signals Ethereum is flashing one of its strongest structural signals in years. A crypto investor known as Milk Road on X highlighted that the ETH Exchange Supply Ratio (ESR) has dropped to 0.122, the lowest level since 2016. Related Reading: Ethereum Gains Institutional Spotlight – Here’s What The CEO Of Etherealize Has To Say Amid the drop, the Ethereum Foundation has been actively selling and recently offloaded 10,000 ETH for $23.8 million on April 24, and then unstaked another $48.9 million. Simultaneously, they have been routing sales Over-the-Counter (OTC), not through exchanges. ETH exchange supply has been falling. Despite buyers absorbing every offer, the exchange supply ratio hasn’t moved upward. At the same time, the ETH supply is being systematically removed from circulation, and roughly 39.2 million ETH, which is about 31.5% of the total supply, is now staked. Milk Road noted that more than 3 million ETH are queued for staking entry over the next 52 days, indicating that supply is getting locked away faster than sellers can move it. The decline in exchange availability and rising staking participation show a price that hasn’t caught on yet. Featured image from iStock, chart from Tradingview.com

Ethereum’s long stretch of sideways movement may be closer to resolution than most market participants expect. A higher time frame analysis shared by a TradingView analyst suggests the current structure is the final stage before a larger expansion that sees the Ethereum price rallying by over 100% in 2026. This prediction rests on decades of price history that, taken together, present a compelling case. Ethereum has done this before, the structure is intact, and a 100% move from the current price level is possible. A Six-Year Consolidation Hiding A Bullish Structure Technical analysis of higher timeframe charts, particularly the monthly candlestick timeframe, shows that Ethereum has spent much of the past six years locked in a wide consolidation range, with repeated failures between $4,500 and $4,900. That range has acted as a ceiling across multiple attempts, consistently attracting selling pressure each time price approaches it. To understand where Ethereum may be going, a technical analyst known as Phil on the TradingView platform noted that traders must first understand where it has been. Not in weeks or months, but across the full sweep of its market history.  Related Reading: XRP’s 900% Move To $15: Pundit Flags The Retest That Will Trigger It Two moments stand out as structural inflection points on the monthly chart. The first came in early 2017, when the ETH price broke above the $40 psychological resistance level after repeatedly failing to clear it throughout 2016. That was the ignition point for a rally of about 7,500%. The second came in mid-2020, when Ethereum, having spent two years consolidating inside a falling wedge pattern, staged another breakout from the lower support trendline of that formation, launching a continuation rally of roughly 1,900%. Ethereum Price Chart. Source: TradingView The Breakout Path To A 100% Rally What followed both breakouts was a prolonged period of sideways price action, and that is precisely where Ethereum finds itself again. ETH has now been consolidating for almost six years below $4,900. The overall bullish trend, however, has not been broken.  Corrections since 2021 have led to the creation of higher lows, and this is playing out an ascending triangle pattern on the monthly timeframe. Ethereum has already pulled back roughly 25% from its recent highs, easing bearish momentum into the support region of the triangle pattern. Related Reading: Why The 42% Crash From ATH Is Actually Good For Bitcoin And The Crypto Market On the other, the $2,000 psychological level, which ETH tested just weeks ago, provides a second significant floor. As it stands, ETH has already bounced approximately 8% on the monthly chart since the $2,000 low was reached and held. The next step, according to the analysis, would be confirmation through higher lows and a push away from support. If the support holds and bullish confirmation develops, the path forward becomes relatively straightforward from a technical standpoint. The first major target is a return to the $4,500 resistance range. A clean break above that level would finalize the completion of the ascending triangle. According to the analyst, this is expected to play out a 100% rally in 2026. Featured image created with Dall.E, chart from Tradingview.com

Bitmine Immersion Technologies, the second-largest public crypto holding company, provided a detailed update on its Ethereum (ETH) strategy on Monday, along with broader figures covering its crypto portfolio, including total holdings and so-called “moonshots.”  The company said its combined crypto-related positions now reach $13.3 billion, while the key focus for investors remains its Ethereum accumulation, which it says has hit a new high. Bitmine Targets 5% Of Ethereum Supply According to Bitmine’s disclosure, its ETH holdings have reached a record 5,078,386 tokens at $2,369 per ETH. Thomas Lee, the company’s Chairman, emphasized that the milestone was reached during the past week, noting that Bitmine “crossed 5 million this past week.”  He framed it as an important step toward a longer-term objective: acquiring 5% of the Ethereum supply. In his remarks, Lee said the speed of accumulation has been “astonishing,” with Bitmine reaching the 5 million mark in roughly 10 months. Related Reading: ‘The Beat Goes On’ – Saylor Hints At Another Bitcoin Buying Spree Lee also pointed to research that supports the idea of Ethereum as a “store of value.” He cited recent reports, including a study by Etherealize, arguing that ETH could increasingly be held as collateral as digital assets become more involved in financial transactions.  In his view, Ethereum’s recent performance since the Iran War began has helped demonstrate that role. Lee claimed ETH has outperformed the S&P 500 by 1,696 basis points since the war started, and he added that Ethereum remains the single best-performing asset in the world, aside from crude oil prices.  He argued this dynamic reinforces the idea of ETH as a particularly resilient asset in “war-time,” portraying it as both meaningful and distinctive relative to other holdings. Beyond valuation and performance, Lee connected Ethereum’s momentum to two larger trends. He said Ethereum benefits from Wall Street tokenizing activity on the blockchain, and also from the rise of agentic artificial intelligence (AI) systems that, in his framing, increasingly require public and neutral blockchains.  Highest Purchase Pace Since December  On the trading pace itself, Lee said Bitmine has maintained an increased rate of ETH purchases over each of the past four weeks, describing this as evidence of an ongoing accumulation strategy even amid changing market conditions.  He said that in the most recent week, the company bought 101,901 Ethereum, calling it the highest pace of buys since the week of December 15, 2025. Lee also linked the buying strategy to what he referred to as Bitmine’s base case, stating that ETH is in the final stages of a “mini-crypto winter.” Related Reading: Dogecoin Trap Shows A Major Crash, But How Low Will The Price Go? The company also detailed its staking position. As of April 26, 2026, Bitmine reported that its total staked ETH stands at 3,701,589 tokens, which it valued at $8.8 billion using the $2,369 per ETH price. In addition to that figure, Bitmine said its annualized staking revenues are now $264 million. At the time of writing, Ethereum was trading at $2,292. Despite improving market conditions, it retraced 3% on Monday after failing to surpass the $2,400 resistance level.  Featured image from OpenArt, chart from TradingView.com 

Ethereum is beginning to mirror Bitcoin’s bullish momentum, steadily climbing as market confidence strengthens. After weeks of consolidation, price action is now pressing against a key resistance zone, signaling that a breakout could be near. With momentum building and structure turning increasingly bullish, a move is now coming into focus. Breakout Brewing: Why ETH’s Structure Signals Imminent Upside Michaël van de Poppe, in a recent market update, suggested that ETH is gearing up to follow Bitcoin’s upward path. The analyst, who has outlined his levels in Euros, highlighted a steady and controlled grind higher, with ETH now closing in on a crucial breakout level around €2,070 ($2,430). Related Reading: Ethereum Price Climbs Gradually, Can Bulls Break $2,400 Barrier? Price action has continued to test this resistance zone without a significant rejection. Such repeated attempts typically weaken a resistance level over time, as sell orders get absorbed and buyers gain confidence. With each retest, the likelihood of a breakout increases, pointing to a potential shift into a stronger bullish phase. Beyond the immediate barrier, he identified €2,350 ($2,759) and €2,900 ($3,400) as the next key resistance zones to watch. These levels could act as interim checkpoints, but the overall trend suggests that momentum may not stall easily at the first hurdle.  A rejection around €2,350 would likely be considered a weak outcome, especially after nearly three months of consolidation below the current resistance band. Extended consolidation phases often lead to explosive moves, meaning a deeper push toward €2,900 (roughly $3,400) appears more consistent with the buildup seen on the charts.  Momentum across the broader altcoin market could further accelerate if Bitcoin continues its climb toward the $84,000–$87,000 range. In that scenario, Ethereum could not only reach its projected euro-denominated targets but also set the stage for an even more aggressive upside phase. Ethereum “Movin’ On Up”: Momentum Builds Across Timeframes Donald Dean shared a bullish outlook on Ethereum, noting that both the daily and weekly charts are aligning for a strong upward move. His analysis highlights improving structure across timeframes, suggesting that ETH may be entering a phase of sustained momentum. Related Reading: Ethereum Signals Major Reversal – $2,900 Target Back In Focus On the daily chart, price is showing a clean move off a key volume shelf, with the next major pivot and target sitting around $2,970. This level could act as a launchpad for further upside if momentum continues to build. Based on Fibonacci projections, the 1.618 golden ratio points toward a significantly higher target near $6,941. From a weekly perspective, ETH is bouncing off strong support, with historical patterns indicating the potential for a 200% move, similar to previous cycles. The 1.618 extension on this timeframe comes in slightly higher at $7,332, placing both daily and weekly projections in close alignment around the $7,000 region, a confluence that strengthens the case for a major upside expansion. Featured image from iStock, chart from Tradingview.com

Etherealize, an institutional adoption and advocacy group backed by the Ethereum Foundation, has made a bold prediction, suggesting that ETH could one day reach $250,000 before Bitcoin (BTC). The group said that if Ethereum can capture a share of the combined monetary premium of gold and Bitcoin, the upside could be massive. That target is significantly higher than ETH’s current price of around $2,300, and would require a major shift in how global markets value the cryptocurrency. It would also mean Ethereum could become more than a smart contract chain and grow into a top store of value, similar to Bitcoin. How Ethereum Could Hit $250,000 Before Bitcoin In an X post, Etherealize published a detailed report outlining the factors that could push Ethereum toward the ambitious $250,000 valuation. For Ethereum to reach that price level, the group suggested that the cryptocurrency would need to be treated as a global monetary asset. That means pension funds, sovereign wealth funds, banks, and public firms would need to buy and hold ETH at scale rather than relying solely on Bitcoin. Related Reading: Analyst Predicts A 30% Bitcoin Price Crash To $50,000, Here’s When Etherealize also pointed to supply dynamics as a major factor that could support price growth. The group explained that when ETH is staked or locked, fewer coins trade freely on the market. As a result, if demand rises while liquidity remains tight, upward price pressure could build more quickly, driving ETH higher. Beyond supply-and-demand trends, Etherealize also identified Ethereum’s ability to generate yield as a key driver of price growth. They noted that, unlike BTC, Ethereum can offer staking rewards to holders. Therefore, if global investors begin to view ETH as both a growth asset and an income-producing asset, it could strengthen its appeal as a long-term holding. Over time, the growing demand for cryptocurrency could fuel an upward momentum that could propel it toward the projected $250,000 target.  ETH Price Outlook Dependent On Global Monetary Value According to Etherealize, price action alone would not be enough to carry Ethereum to a $250,000 valuation. Instead, the group noted that that ambitious target depends on Ethereum capturing the combined monetary premium of gold and Bitcoin, which is about $31 trillion.  Etherealize argued that if Ethereum were to acquire part of that value, and move it across its roughly 121 million circulating supply, it could support a much higher valuation over time. Once this happens, they noted that Ethereum could begin competing for existing global stores of value. Related Reading: The Bitcoin Cycle Is Different: Crypto Expert Reveals When Price Will Cross $100,000 Again Etherealize also highlighted Ethereum’s role as a programmable blockchain that already supports a wide range of activity. In addition to being a payments currency, the crypto network also enables stablecoin issuance and real-world asset tokenization. This existing use case could also be a potential driver for ETH’s price.  Ultimately, Ethereum reaching $250,000 before Bitcoin is still a long shot. However, Etherealize believes that if ETH can become the base layer for global finance, attract sustained institutional demand, and capture value currently stored in gold and Bitcoin, that ambitious target could move from pure speculation to a possible long-term outcome.  Featured image created with Dall.E, chart from Tradingview.com

A new debate about Ethereum has emerged in the crypto community, as members now argue whether ETH can run the entire financial system. The discussion has caught the attention of pro-crypto lawyer Bill Morgan as well as members of the XRP community who have long advocated the XRP’s use case within global banking systems. Finance Expert Says All Banks Will “Go To Ethereum” Raoul Pal, co-founder and CEO of Real Vision, a US-based financial media company, has sparked widespread reactions in the crypto community after recently commenting on Ethereum’s potential role in the global banking system. Morgan, reacting to Pal’s comment on X, stated that the Real Vision CEO was essentially forecasting that “all banks will use Ethereum.” Related Reading: Ethereum Vs. Solana Vs. XRP: Which Coin Has Held Up Better? Morgan’s statement, which some interpreted as sarcastic, did not clearly agree or oppose Pal’s rather ambitious claim. Instead, he called it a “bold” prediction, and questioned the real conviction behind it and whether Pal was willing to bet on it.  The pro-crypto lawyer shared a screenshot of Pal’s statement, in which the Real Vision CEO outlined why he believes Ethereum could eventually play a central role in the global financial system. Pal noted that he found it humorous and ironic that just one to two years ago, many market participants were dismissing ETH as a “dead” asset, arguing that its relevance had faded while questioning its long-term value.   However, Pal took a different view, pushing back against that narrative by pointing to Ethereum’s underlying functionality and growth over the years. While others criticized the cryptocurrency, Pal believed the global banking system would eventually adopt ETH as a core chain.  He added that this does not mean the future would become a mono-chain world where everything runs on a single blockchain. Rather, he explained that his point is based on how financial institutions typically operate.  Pal pointed out that banks usually prioritize systems that prove they can survive, perform consistently, and remain sustainable over long periods. He also added that financial institutions tend to favor older technologies, since people are generally cautious of adopting new systems that could backfire and put their jobs at risk. From that perspective, he believes that Ethereum is the ideal digital network for all banks to use, as institutions mostly adopt technologies that meet those standards. Crypto Community Reacts To Pal’s ETH Claims Under Morgan’s post, members of the crypto community shared mixed reactions to Pal’s claims that the “banking system will go to Ethereum.”  While some agreed with the claims, many criticized it, arguing that Pal has a history of making predictions that are “wrong and misleading.” Related Reading: Analyst Says Ethereum Just Confirmed A ‘Turtle Soup’, Here’s What It Means At the same time, some members of the XRP community pushed back, contending that XRP is the cryptocurrency more likely to be adopted by banks and pointing to past remarks of support from Ripple co-founder Brad Garlinghouse. Overall, Pal’s statements have sparked a wave of discussion in the community, with skepticism dominating many of the responses. Featured image from Peakpx, chart from Tradingview.com

Ethereum has surged roughly 36% from its recent accumulation zone, pushing the price into a critical area where momentum often gets tested. With key resistance now in play and signs of hesitation emerging, the market is approaching a decisive moment that could determine whether the rally continues or a pullback unfolds. Ethereum Surges 36% From Accumulation Zone According to Crypto Patel, ETH has surged approximately 36% from its accumulation zone, pushing the price into a critical resistance area. After such a strong move, this region is typically seen as a logical zone for swing traders to consider locking in partial profits while watching how the price reacts. Related Reading: Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market The analyst outlined several key levels that could shape the next phase of price action. On the upside, the first target sits around $2,828, marking a fair value gap (FVG) that the price may look to fill. Just above that lies the major resistance and decision zone near $2,900. On the downside, a return toward the $2,000 region would act as the invalidation point, signaling that the bullish structure has weakened. From a scenario standpoint, a decisive breakout above $2,900, especially if supported by strong volume, would confirm bullish continuation. Such a move could shift market sentiment significantly, opening the door for a much larger rally to the $10,000 region. On the flip side, failure to break above $2,900 could trigger a deeper pullback, with price likely rotating back toward the $2,000 area as part of a broader corrective phase. Ultimately, the emphasis remains on discipline and patience. Rather than chasing price or reacting to hype, the strategy is to let the market confirm its direction, which helps to avoid unnecessary risk as the next move unfolds. A Rejection At $2,400 Resistance Level Analyst Ted highlighted that Ethereum made an attempt to reclaim the $2,400 level but ultimately failed to do so. This rejection suggests that buyers are still struggling to regain control at key resistance, keeping short-term momentum on the weaker side. Related Reading: Ethereum Price Loses $2,350 Level, Traders Eye Rebound Signals Following the failure, focus is now shifting to the next key support zone around $2,250. This level is likely to be tested if selling pressure continues, and how the price reacts there will be crucial. A strong bounce could stabilize the structure, while a breakdown may open the door for a deeper correction. Currently, Ethereum is underperforming relative to Bitcoin, which adds another layer of risk. When ETH shows relative weakness, it often becomes more vulnerable during broader market pullbacks. As a result, even a modest correction in Bitcoin could have a magnified negative impact on Ethereum’s price action in the near term. Featured image from Getty Images, chart from Tradingview.com

Ethereum is approaching a critical resistance zone as recent recovery attempts begin to lose momentum. With price action still showing signs of a corrective structure, attention is shifting toward the possibility of a move back to lower range levels if sellers step in at key resistance. HTF Range Aligns With Ethereum TCT Distribution Model According to crypto analyst The Composite Trader, Ethereum is currently developing within a well-defined higher timeframe (HTF) range that aligns with a TCT distribution model. This structure suggests that price action may be building toward a potential bearish rotation, with the broader range still intact and guiding market behavior. Related Reading: Ethereum Flips Key Resistance, ETF Demand Returns, Analysts Eye Next Leg Higher The analyst emphasized that full confirmation has not yet been achieved, as a clean and high-quality third tap is still required to validate the setup. That third interaction with resistance is a key component of the model, often acting as the trigger point for a more decisive move toward the lower end of the range. While waiting for this confirmation, the expert focuses on lower-timeframe (LTF) opportunities, particularly short-term accumulation setups that can drive the price upward into the anticipated third tap zone. He further explained that some of his most successful trading sequences come from linking these timeframes, capturing gains on the way up through LTF longs, then rotating those profits into short positions near HTF resistance.  By treating the entire process as one continuous sequence rather than separate trades, it becomes possible to compound gains more aggressively. This strategy is rooted in the concept of ‘TCT creating TCT’, where patterns on lower timeframes build into and reinforce structures on higher timeframes.  B-Wave Bounce Faces Key Resistance At $2,332–$2,420 More Crypto Online pointed out that the first major resistance for a potential B-wave bounce is positioned between $2,332 and $2,420. This zone is expected to act as a decisive barrier, where any upward move could face selling pressure and determine whether the recovery has strength or remains corrective. Related Reading: Ethereum Signals Major Reversal – $2,900 Target Back In Focus The analysis emphasizes that the structure of the bounce is just as important as the level itself. As long as any move into this resistance region unfolds in a clear three-wave pattern, it would suggest that the market is still within a corrective phase. Under this scenario, the door remains open for additional downside in the short term before a more meaningful recovery rally can develop. On the downside, the $2,037 level is identified as the key support to watch in the coming sessions. This level could act as a stabilization point if tested. Still, a decisive break below it would increase the probability of an extended correction before the next bullish phase begins. Featured image from Getty Images, chart from Tradingview.com

Ethereum has posted its strongest buy-side pressure on derivatives markets since the 2022 bear market, according to CryptoQuant analyst Darkfost, a shift that could matter after months of persistent sell-side dominance across this cycle. The change does not, on its own, confirm a full trend reversal. But it does mark a notable break from the pattern that has weighed on ETH during key upside attempts. Ethereum Flashes Early Recovery Signal In a post shared on X on April 18, Darkfost argued that Ethereum has spent most of the cycle fighting “unusually heavy selling pressure on derivatives markets.” He pointed to net taker volume, a measure of the imbalance between buy and sell market orders on derivatives exchanges, which he said “remained almost consistently negative” throughout the period. That pressure was especially visible during ETH’s attempts to push into higher price territory. Darkfost wrote: “This was particularly visible when ETH attempted to break into a new all time high above $4,000 in December 2024. At that time, net taker volume fell to -$511 million. It became even more extreme when ETH later printed its all time high just below $5,000, as sell-side pressure heavily dominated with -$568 million in net taker volume.” Related Reading: This Pattern Suggests Ethereum Is In Accumulation Phase — What’s Next? In Darkfost’s reading, even when ETH was pressing toward local highs, aggressive sellers in derivatives were still overwhelming buyers. That helps explain why upside momentum struggled to translate into a cleaner breakout environment. Strong spot narratives or bullish sentiment alone were not enough if the derivatives complex kept leaning the other way. That dynamic, he said, has now started to change. “Since March, buy-side volumes have finally taken control, with +$102 million recorded today,” Darkfost wrote. “The last time Ethereum saw such a strong level of buying pressure on derivatives markets was during the previous bear market in 2022, when ETH was trading around the $1,000 area.” Related Reading: Ethereum Signals Major Reversal – $2,900 Target Back In Focus The comparison to 2022 is notable because it frames the current move less as routine positioning noise and more as a rare regime shift in flow. On the chart, green positive net taker volume bars have reappeared after a long stretch in which red negative readings dominated. For traders watching ETH’s structure, that matters because sustained positive taker flow suggests buyers are becoming more willing to lift offers rather than wait passively for lower prices. Still, Darkfost stopped short of calling a confirmed reversal. His argument is conditional. “If this trend manages to persist and buyers continue to absorb selling pressure, it could mark the early stages of a stronger structural recovery for Ethereum,” he wrote. That caveat is central to the thesis: one strong reading does not erase a cycle’s worth of negative pressure, but persistence would. At press time, ETH traded at $2,288. Featured image created with DALL.E, chart from TradingView.com

The Ethereum price has followed Bitcoin’s trajectory recently, with the pump from last week eventually pushing the altcoin above $2,400. This was a welcome change for investors after a drawn-out downtrend. Now, the price has begun to stabilize, looking toward more sideways movement in the time being. This means that the Ethereum price is about to enter an important timeframe, where the decision between the bears and the bulls will eventually be made. Ethereum Price Still Chasing Liquidity According to the crypto analyst TheChartWhisperr on the TradingView website, the Ethereum price has done something important, and that is sweeping the liquidity pool in the higher timeframe. They saw the test of the $2,480 level, although the price was ultimately rejected. Nevertheless, the crypto analyst explains that this means that the Ethereum price has taken out the bayside pool. Related Reading: Dogecoin Nears Key Turning Point As TCT Model Begins To Form With the move into the higher timeframe lucidity and the eventual rejection, which was swift, the crypto analyst says this has now pushed the Ethereum price into an ascending channel. This channel lies around the $2,346 level and could hold the price down. Interestingly, the analyst says that this move has led to the completion and confirmation of a turtle soup pattern. With a completion, it means that the Ethereum price could be ready to play out the rest of the pattern, and it could go either way for the cryptocurrency. First, there is the possibility that the Ethereum price continues to move upward, and this happens if it is able to reclaim $2,385 on the 4-Hour close. If this happens, then the crypto analyst says that the uptrend could continue for the price. However, there is also the possibility that the bears are able to pull the price downward. The $2,040 currently serves as a gravitational target, meaning that the bears could pull it toward this level. This is because this is where the Ethereum price will find equilibrium again in the event of another crash. Related Reading: Analyst Predicts X Money Will Send XRP To $10 – But What Will Send It To $1,700? As for how to play this move, the crypto analyst explains that there is “No entry without Gate 4. CVD on the lower timeframes determines whether this is a continuation short or a V-shaped recovery. The structure says down. The delta will confirm or deny.” Featured image from Dall.E, chart from TradingView.com

Ethereum is starting to exhibit signs of a significant trend reversal as bullish momentum builds and key resistance levels give way. With market structure improving and confidence returning, the $2,900 target is once again coming into focus as the next potential milestone for price expansion. Ascending Triangle Breakout Signals Bullish Continuation Analyst Ali Charts recently observed that Ethereum has reached a pivotal turning point by officially clearing the horizontal X-axis of its long-standing ascending triangle pattern. This move was characterized by a decisive breakthrough of the $2,385 resistance level, representing more than just a price increase. It is also a fundamental structural shift that moves Ethereum out of a consolidation phase and into a confirmed expansionary period. Related Reading: Ethereum About To Turn? Death Cross Says Bottom Is Closer Than You Think By successfully flipping the $2,385 mark into a foundational support floor, Ethereum has effectively neutralized recent bearish sell signals. With the flip complete, the previous overhead supply has been absorbed, leaving the market with significantly less friction for further upward movement. Meanwhile, the primary technical objective for this specific formation is now set at $2,900.  This target is derived from the measured move of the ascending triangle, suggesting a clear path ahead now that the breakout zone has been established. As long as Ethereum maintains its position above the critical $2,385 support level, the momentum remains firmly in the hands of the bulls, setting the stage for a steady rally toward the high-$2,900 range. Bitcoin Top Vs Ethereum Bottom Narrative Grows Stronger MarketMaestro recently reaffirmed the thesis of a Bitcoin top coinciding with an Ethereum bottom. This transition is appearing as an inverse Head and Shoulders pattern developing within a large triangle reaccumulation zone. The price is currently navigating the second region of the head structure, signaling a critical floor-setting phase for the asset. Related Reading: Ethereum Profit-Loss Indicator Is Hovering Just Below Neutral – The Market Waits for A Catalyst A significant positive divergence has formed on the RSI, providing a highly bullish signal for momentum. This indicator strengthens the conviction that the $1,876 level served as the definitive price floor for this cycle. With the RSI and price action now in alignment, the bottoming process is considered almost fully confirmed by technical standards. Furthermore, the outlook for the summer months remains very optimistic, suggesting a period of sustained positive performance. Investors should watch for the formation of the right shoulder on the chart, as this likely represents the final entry opportunity.  Once the current triangle reaccumulation pattern finally breaks, the market will enter a brand-new phase of price action. MarketMaestro expects the narrative to shift toward a much stronger and more aggressive rally scenario, possibly leading to the end of the bottoming phase and the beginning of a new market trend. Featured image from Pxfuel, chart from Tradingview.com

In the last bull run, when the Bitcoin price surged and crossed $100,000, the Ethereum price was expected to follow the same trajectory as it had in the past. But that was not the case, and the second-largest cryptocurrency by market cap was barely able to cross its previous all-time high price, but by only around $100. This meant that the Ethereum price remained below $5,000, disappointing investors. Given its poor performance so far, is it still possible that the Ethereum price will eventually cross $5,000? It Could Take Years For The Ethereum Price To Hit $5,000 The prediction algorithm of the CoinCodex website takes into account a number of factors in a bid to determine where the price of a digital asset could end up. These predictions go from the very short term (a matter of days) to the very long term (decades), showing a possible path that the cryptocurrency could take. Related Reading: Ethereum, Ethereum news, Ethereum price, ETH, ETHUSD, ETHUSDT, ETH price, ETH news For the Ethereum price, the predictions remain mostly bullish, given that it continues to receive a lot of support from investors. However, when it comes to the Ethereum price hitting new all-time highs, the prognosis for the short term remains muted, with the better rallies expected to happen over the course of years. Despite various predictions from crypto analysts that the Ethereum price would cross $5,000 in 2026, the algorithm dashes these hopes. In fact, it puts the max price that Ethereum will reach in 2026 at $4,445. Thus, a new all-time high above $5,000 is out of the picture. Instead, the algorithm suggests that it could take a few years for the cryptocurrency to reach the $5,000 mark. It puts this to happen in the third quarter of the year 2028, meaning that there is still around two years to go before the Ethereum price can cross $5,000. What About The $10,000 Mark? The 5-figure mark is expected to be even more elusive for Ethereum, given that the digital asset has already struggled so much to keep up with Bitcoin. The algorithm predicts that it will not happen before 2030, as many analysts have predicted. But instead, it would take around a decade for the Ethereum price to cross $10,000. According to the prediction chart, the first mention of Ethereum at $10,000 first appears after 2040, meaning it would take way more than 10 years for Ethereum to reach this milestone. Related Reading: Bitcoin Price Has Not Reached Its Real Bottom, And A ‘Big Storm’ Is Coming As for the very short term, though, the prediction remains bullish with the algorithm predicting double-digit rallies for the Ethereum price in the next month. The price is also expected to double in the next three months, with a high prediction of $4,298 coming out of the second quarter. Featured image from Dall.E, chart from TradingView.com

Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done by crypto analyst Crypto Patel laid out a path to where the Ethereum price goes from here. However, the most important part of the analysis is a Fair Value Gap (FVG) zone that could trigger the next alt season. This FVG, which is between $2,475 and $2,634, was formed during Ethereum’s breakdown earlier in the year, leaving behind an imbalance that price has yet to revisit. Related Reading: Here’s The Next Key Bitcoin Price Resistance To Worry About In technical analysis, these inefficiencies and gaps tend to act as magnets, especially when price begins to recover with momentum. The expectation is that Ethereum will attempt to fill this zone before any major rejection. Ethereum’s recent reclaim above $2,300 and push to as high as $2,415 places it within striking distance of the FVG, and there’s now a high probability that it could fill it to reach as high as $2,634 in the coming days. Ethereum Price Chart. Source: @CryptoPatel On X The Road To $10,000 The entire bullish argument rests on the strength of the $1,750 support zone. This level held during the recent selloff and formed the base for the current recovery. Ethereum is now looking like it’s slowly turning bullish, and the structure ahead is laid out in three distinct layers. The first is reclaiming the FVG. Related Reading: Bitcoin Signal That Has Predicted Every Bottom Before A Price Explosion Has Just Triggered Again The second layer is the Bearish Order Block between $2,900 and $3,035. This is where a significant selling occurred in early February, which flipped what had been support of a symmetrical triangle into resistance. A clean break above this order block would invalidate the lower high pattern visible on the chart above and extend into a broader uptrend. According to the analyst, this is the level that could confirm the start of a wider altcoin rally, not just a recovery in Ethereum. Failure at this level, however, keeps the current structure intact. Worst case scenario is a rejection at $3,035 which sends the ETH price back to trading between $2,000 and $1,500. THis is a reminder that the upside scenario is not guaranteed. A confirmed break above $3,035, would however, change the entire momentum into a bullish one, and long-term bullish projections will start to make sense. According to Crypto Patel, the long-term target for the Ethereum price in this case is a break above $10,000. Featured image created with Dall.E, chart from Tradingview.com

Across global markets, Ethereum has emerged as one of the most heavily shorted assets, a positioning that reflects more than simple bearish sentiment. It signals a growing divergence between market expectations and ETH’s long-term fundamentals, placing the asset at the center of an increasingly complex macro and structural narrative. How Ethereum Short Interest Now Rivals Commodities Like Silver Ethereum is currently one of the most heavily shorted assets in the world, approaching the scale of traditional commodities like Silver. An analyst known as DGMD.6529 on X revealed that over the past 21 months, institutions have reportedly acquired roughly $21 million in ETH per day, amounting to approximately $11.8 billion through ETFs alone. Related Reading: Ethereum Leads The Tokenization Race With Billions In Assets Beyond that, firms such as Bitmine and Sharplink, along with other digital asset treasuries (DATs), have collectively acquired an additional $10-15 billion outside ETF channels. DGMD.6529 argues that the global financial system is undergoing a structural shift. Banks and financial institutions are increasingly realizing that survival in the next era requires moving on-chain and integrating Decentralized Finance (DeFi) infrastructure. In that transaction, ETH remains the dominant platform for both DeFi and real-world assets (RWAs), with a moat that continues to expand. Its advantage lies in credible neutrality and reliability, while speed and cost continue to improve rapidly with mainnet scaling. From a market structure perspective, ETH is still trading in the bottom half of a 5-year consolidation range that has persisted since 2021. Meanwhile, its product-market fit and narrative strength have never been stronger. It has been treading water, waiting for the world to be ready for mass tokenization and smart contract utilization, which is already in place. Sharing insights on price action, Crypto analyst Daan Crypto Trades has highlighted that  Ethereum is currently at a critical technical juncture as it retests its weekly 200 moving average (200MA). Earlier this year, during the sharp January sell-off, ETH lost this key level. The move mirrors a similar breakdown seen last year during the period of heightened volatility surrounding tariff-related market uncertainty, where prices also experienced a sharp downside reaction. Daan noted that the focus shifts to whether bulls can reclaim this level as support, with ETH revisiting this weekly 200MA. Ethereum’s Validator Lead As A Long Decade Advantage According to Everstake, Ethereum is the number one leading network in validator distribution. With an estimated 921,500 validators, ETH operates at a scale that clearly sets it apart from the rest of the market. While other networks continue to evolve and optimize for their own priorities, ETH’s strength lies in its breadth of participation in securing the network. Related Reading: Ethereum Steals The Spotlight As Capital Moves Away From Bitcoin Everstake pointed out that this level of distribution reinforces one of the core principles of blockchain decentralization, long-term resilience, and security. In many ways, the validator scale has increasingly become one of the clearest indicators of network maturity, and in this regard, ETH remains the reference point. Featured image from Pixabay, chart from Tradingview.com

Ethereum’s derivatives market on Binance is flashing a setup that could leave short sellers exposed if the recent move higher continues. According to analysis shared on X by CryptoQuant contributor Darkfost, positioning has become increasingly one-sided even as ETH has rebounded sharply from its February low, creating the conditions for further short squeezes. Ethereum Bears Crowd In On Binance The core of the argument is a mismatch between price action and trader conviction. Darkfost said that since February, around 350,000 ETH has been added to open interest on Binance, which now represents roughly 37% of total market share. At current prices, that amounts to more than $1 billion flowing into Binance’s ETH derivatives complex. Related Reading: A Historic Ethereum Signal Just Fired – Discover What Happens Next What stands out is not just the size of that increase, but the direction of positioning behind it. “What is paradoxical is that despite the recent price increase (+35% since the February low), the majority of investors appear to be positioning for a correction by shorting the market,” Darkfost wrote. “This can be observed through ETH funding rates on Binance, which have reached levels not seen since the previous bear market.” That matters because funding rates offer a read on which side of the perpetual futures market is leaning more aggressively. Darkfost said Binance funding has remained mostly negative since late January, suggesting traders have continued to pay to hold short exposure rather than chase the rebound. In other words, the move higher has not fully reset bearish conviction. Related Reading: Ethereum Profit-Loss Indicator Is Hovering Just Below Neutral – The Market Waits for A Catalyst The post argues that this skepticism has now reached a level that is unusual even by recent standards. “Observing such negative levels, with funding rates dropping below -0.01%, is relatively rare and indicates a significant buildup of short positions while investors remain in disbelief,” Darkfost wrote. “When this level of consensus forms, it is not uncommon for the market to move against the majority, triggering liquidations of the most aggressive positions and leading to short squeeze events, like the one observed yesterday.” That squeeze dynamic has already started to show up in the liquidation data. Darkfost noted that more than $3 million in short positions were liquidated twice within a single hour on Binance, a sign that even modest upside extensions are capable of forcing leveraged bears out of the market. In crowded setups, those forced exits can become self-reinforcing, as liquidations add incremental buy pressure and push price into the next pocket of vulnerable positions. The broader implication is not necessarily that Ethereum is entering a straight-line rally, but that the derivatives structure has tilted in a way that can amplify upside if sentiment remains slow to adjust. Darkfost framed the recent rally as the “early phase of the uptrend,” arguing that months of short accumulation could continue to provide fuel if traders remain positioned for reversal rather than continuation. There is, however, one important shift underway. Funding rates are now beginning to turn positive again, with Darkfost citing a reading around +0.01%, though the day’s data was not yet complete. If that change holds, the market structure would begin to look different: less driven by disbelief-fueled squeezes, and more by traders starting to align with the move. For now, the message from Binance’s ETH derivatives market is fairly clear. Shorts have piled in aggressively, but the more crowded that trade becomes, the more fragile it is if Ethereum keeps grinding higher. At press time, ETH traded at $2,318. Featured image created with DALL.E, chart from TradingView.com

Ethereum may be closer to a major turning point than it appears, as key technical signals begin to align. Despite recent weakness, the emergence of a death cross, often seen near the end of downtrends, suggests the market could be approaching its final phase of capitulation. With historical patterns pointing to a nearing bottom, attention is shifting from fear to opportunity. Worst-Case Scenario: Final Phase Of The Bottoming Process In outlining a worst-case scenario for Ethereum, crypto analyst Sykodelic explained that if the market has not yet fully bottomed, it is likely in the final 2%–3% of the overall bottoming process. Such a narrow margin suggests that while some downside risk may remain, the majority of the correction has already played out, placing price action near a potential exhaustion point. Related Reading: Analyst Shares ‘Realistic’ Ethereum Price Targets For The Next 3 Years Historical behavior tied to the Death Cross on the 3-day chart further supports this perspective. In past cycles, Ethereum has either bottomed right at the moment of the death cross or very shortly afterward. Only one instance deviated slightly, with the market taking additional time before forming a final low. A death cross occurs when the 50-day moving average crosses below the 200-day moving average, indicating a market that is deeply compressed and overextended. While often interpreted as a bearish signal, in many cases, it marks the late stages of a downtrend, where selling pressure begins to fade, and long-term buyers gradually step in. If Ethereum follows this historical pattern under a worst-case scenario, the final bottom could emerge roughly 54 days after the death cross, placing the projected timing around April 28. Expecting a significantly longer bottoming phase would be inconsistent with past cycles and may be unlikely, especially considering that the current market expansion has been relatively weak. With downside likely limited and the bottoming phase nearing completion, the focus increasingly shifts toward strategic accumulation rather than panic selling. ETH Struggles Below Key $2,300 Resistance Zone According to Chad, Ethereum is still not ready to break above the upper daily Bollinger Band and the key horizontal resistance zone around $2,300. Price continues to struggle in this region, showing repeated signs of rejection, which suggests that bullish momentum remains insufficient for a sustained breakout. Related Reading: Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance So far, market structure is unfolding as expected, with key levels being respected on both sides. The inability to reclaim the $2,300 zone reinforces the idea that ETH is still in a consolidation phase. Attention now shifts to the downside, where a crucial confluence area sits around $2,150. This level combines a strong horizontal support zone with the 20-day SMA, making it a key level to watch. A breakdown below this region could open the door for further downside, while a successful hold may signal stability and set the stage for another attempt at higher levels. Featured image from iStock, chart from Tradingview.com

Crypto analyst Crypto Patel has shared realistic targets that the Ethereum price can reach in the next bull run. The analyst matched potential market caps to those of popular U.S. companies, noting that Ethereum has gone mainstream and could go head-to-head with them.  Realistic Targets For The Ethereum Price In The Next Bull Run In an X post, Crypto Patel stated that the ‘ultra bear’ target for the Ethereum price in the next bull run is $5,000, representing a 2.4x gain from current levels and a market cap of $610 billion. He also noted that this sits around Visa’s current valuation, with Ethereum set to match the payments giant.  Related Reading: Ethereum Hitting A Bottom Or A Bearish Continuation? The Cycle Theory That Tells A Story Furthermore, he stated that the ‘bear’ target for the Ethereum price is $8,000, which is a 3.8x gain from its current level and a market cap of $965 billion. This puts Ethereum up there with retail giant Walmart, which currently boasts a market cap of $1 trillion.  The ‘base’ case for Ethereum is a price target of $12,000, a 5.7x gain from its current level, and a market cap of $1.45 trillion. This matches tech giant Meta’s market cap of $1.6 trillion.  Meanwhile, Crypto Patel stated that the ‘Bull’ case for the Ethereum price is a rally to $21,000, a gain of over 10x from its current level, which would give ETH a market cap of $2.54 trillion. This will put Ethereum in the same range as Microsoft, which has a market cap of $2.8 trillion. I am running a few minutes late; my previous meeting is running over. The Ultra Bull Case For ETH The analyst set an ‘ultra bull’ target of $30,000 to $60,000 for Ethereum. This represents a gain of 14x to 29x from current price levels and would give ETH a market cap of up to $7.3 trillion. This could put ETH above Nvidia, the world’s largest company by market cap at $4.5 trillion.  Related Reading: Analyst Predicts That Ethereum Price Is Headed For $10,000 Minimum Crypto Patel explained that Ethereum is no longer just “crypto” but is competing with the world’s largest balance sheets, which is why he is confident the second-largest crypto by market cap could reach these targets. Tom Lee, the Chairman of Ethereum treasury company Bitmine, has also predicted that ETH could reach $60,000 and even rally higher to $250,000.  Tom Lee predicted that the Ethereum price could reach these targets as the network proves to be the future of finance, driving the tokenization wave. He believes that Wall Street companies will adopt the Ethereum network as real-world assets (RWAs) tokenization gains more traction.  At the time of writing, the Ethereum price is trading at around $2,200, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Ethereum (ETH) slid on Tuesday, trading just above $2,080 as the wider crypto market weakened — a level well shy of a critical threshold identified by expert Ali Martinez as the trigger for a sustained macro bull run.  In a breakdown shared on social media platform X, Martinez argued that reclaiming a realized price near $2,500 would mark the moment the average holder returns to profit and signal the end of the market’s “cooling period,” opening the door to a renewed, extended rally. Technical Crossroads For Ethereum Martinez framed the current price action in technical terms, suggesting Ethereum could be forming an ascending triangle. In that scenario, he places a “line in the sand” at roughly $1,800, and notes that this figure overlaps closely with the 0.80 MVRV pricing band at about $1,880.  MVRV, or Market Value to Realized Value, compares an asset’s market price with the average price paid for the asset by holders; Martinez describes the 0.80 band as an “Average Receipt” indicator that has historically marked cycle bottoms.  When the band is reached, he said, Ethereum and the broader cryptocurrency market is often in a state of “extreme pain,” a phase in which selling tends to exhaust itself and long-term holders step in. Related Reading: Bitcoin Rainbow Chart Says Price Is Ranging Above $60,000 For A Reason, Here’s Why Beyond the ascending triangle scenario, Martinez acknowledged a more bearish alternative. If Ethereum’s price is actually confined within a parallel channel rather than an ascending triangle, he warned that a deeper reset is possible.  In that case, he is watching the channel’s outer limits at approximately $1,550 and $1,070. To support these observations, he pointed to the URPD — the UTXO Realized Price Distribution, a tool that maps the prices at which existing ETH last moved.  Martinez calls this distribution “the market’s memory,” because it identifies levels where large clusters of coins were acquired and where defending buy pressure is likely to appear. $4,900 Near‑Term And $5,900 Longer‑Term  According to Martinez’s URPD read, the most significant buy walls below the 0.80 MVRV band are at roughly $1,584, $1,238, and $1,089. These price clusters, if tested, could generate meaningful support as holders who bought at those levels attempt to defend their positions.  Martinez believes accumulation is likely to occur in the “low‑thousands”; however, he asserted that the “start engine” for the next major upward leg is Ethereum reclaiming its realized price at $2,500.  If Ethereum can break and sustain above $2,500, Martinez says the technical and on‑chain signals would point toward a “target‑rich environment.”  Related Reading: Underdog Bitcoin Miner Bags $210,000 BTC In Stunning Block Discovery His analysis places a near-term upside toward $4,900— a level he ties to the structure of the ascending triangle — and ultimately toward the 2.40 MVRV band, near $5,900, which would represent a new all-time high for the Ethereum price.  Reaching those zones, in the expert’s view, would confirm that average holders are back in profit and that the market has shifted decisively from accumulation to a broader speculative phase. Featured image from OpenArt, chart from TradingView.com

Ethereum could be approaching a defining turning point, a rare opportunity to rebuild from the ground up rather than continue evolving piece by piece. With the proposed Quantum upgrade gaining attention, developers and researchers are exploring changes that go beyond routine improvements, potentially rethinking security, scalability, and long-term resilience. Rather than layering fixes onto an already complex system, this moment opens the door to a clean-slate redesign. How Quantum Resistance Could Future-Proof Ethereum An Ethereum researcher, Justin Drake, who co-authored Google’s recent quantum paper, is reframing one of the most talked-about technology threats, quantum computing, into what could become ETH’s greatest opportunity. Related Reading: Ethereum Unveils Post-Quantum Security Roadmap For Institutions According to the Etherealize post on X, Justin Drake mentioned that, rather than viewing post-quantum as a hurdle to overcome, he sees it as an opportunity for ETH to stand out as the first global financial system that is post-quantum secure, not just in comparison to other blockchains, but relative to fiat and TradFi. Drake believes that the post-quantum upgrade is a chance for ETH to become the best version of itself. This move to post-quantum is essentially a rewrite, because it’s a massive opportunity to start with a clean slate and wipe our technical debt. The rewrite bundles post-quantum security with a new Zero-knowledge (ZK) virtual machine, LeanVM, designed to snarkify the entire consensus layer in real time. The result is that the Ethereum base layer 1 could scale to around 10,000 transactions per second (TPS) operating at 1 gigagases per second, while simultaneously becoming quantum-secure. In the future, the fragmented blockchain landscape will consolidate dramatically, and the industry won’t need dozens of competing chains anymore. The Ethereum Daily has noted that nearly all meaningful activity and innovation will concentrate on a small number of elite blockchains. Meanwhile, those that consistently attract the most talented developers, deliver a seamless user experience, offer battle-tested security, and maintain true neutrality. Ethereum Daily argues that these are the platforms that traditional institutions can trust and build upon without worrying about favoritism, hidden agendas, or sudden rule changes. Among these contenders, ETH is clearly leading this charge and is positioned to be the dominant settlement layer of this new era. Ethereum Daily emphasized that this evolution points toward a future with multi-chain chaos, but toward ETH-first dominance. Why This Supply Shock Could Be A Turning Point For Ethereum The Ethereum market may be entering a powerful new phase driven by tightening supply dynamics. Altcoin Buzz reported that over 32% of ETH in existence is currently locked up and completely removed from the market. Related Reading: Ethereum Faces Selling Pressure On Charts While Supply Remains Locked However, there is a reduction in the circulating ETH supply for retail buyers, and this fundamental shift explosion would be absolutely historic.   Featured image from Pxfuel, chart from Tradingview.com

Over time, the Ethereum price has been trending sideways with no definitive move in either direction. This trend has led to the formation of an ascending channel that could change the course of things for the second-largest cryptocurrency by market cap. If this trend continues to play out, then it is possible that the Ethereum price is about to see new all-time highs. Why Ethereum Price Could Be Headed Above $5,000 Crypto analyst Jonathan Carter shared an analysis on the X (formerly Twitter) website that takes a look at the Ethereum price and what the current trend could mean for the altcoin. Carter pointed out the current ascending channel pattern, but also what this could imply for the Ethereum price going forward. Related Reading: Ethereum Eyes Macro Bottom As Key Level Comes Into Focus: Analyst According to the crypto analyst, the Ethereum price is currently trading closer to the lower border of the ascending channel pattern. This is drawn from the weekly chart, and since the altcoin’s price is yet to break below this channel, then it is still very bullish. For now, the Ethereum prognosis remains that the price will begin to surge, provided a couple of things remain. First of these is the fact that the channel structure is still intact. This suggests that the bulls are likely to push the price upward. Next is the fact that the support zone around the $1,900 level is still holding. As long as this support holds, then the bears are unable to keep pulling the price down. But a failure to secure this level would lead to an Ethereum price crash. Last of these is that bullish momentum is still building around Ethereum. During times of sideways movement such as this, it is often when whales are accumulating, and as a result, the bullish momentum surrounding the asset is beginning to rise. With all the catalysts staying intact, the crypto analyst predicts that there are five (5) recovery targets for the Ethereum price in total. The fist of the targets is $2,350, which is around a 15% jump from the current level. Once this is surpassed, then the bulls move on to the second target at $2,800. Related Reading: Bitcoin Sentiment Hits 5-Week Fear Level – Is A Reversal Coming? The next recovery target then moves up to $3,550, eventually breaking the resistance at $3,000. This gives way to the $4,700 target. Hitting this target will set the stage for the Ethereum price to actually retest its current all-time high of $4,900, and then play into the final target. This final target is placed at $5,700, which would set a new peak for the Ethereum price. However, all of these are still dependent on the ascending channel pattern staying in place and the price not breaking below the established support. Featured image from Dall.E, chart from TradingView.com

Bitcoin and Ethereum prices are still trending low coming out of the weekend, and there is the possibility that this could continue this new week. A number of developments have hit the crypto market recently that could deepen the already negative sentiment surrounding the crypto industry. Thus, with Bitcoin and Ethereum being the foremost digital assets in the space, they could be hit first by the wave of negative news coming out of the market. US-Iran War Is Far From Over: Bitcoin, Ethereum Prices Could Crash Back in February 2026, the United States had attacked Iranian military forces, leading to what is now known as the US-Iran war. Since then, tensions have remained high, the financial markets have suffered greatly as a result, and risk assets like Bitcoin and Ethereum have not been left out. Related Reading: Bitcoin Sentiment Hits 5-Week Fear Level – Is A Reversal Coming? In the month that followed the initial attack, there had been talks of a ceasefire. However, President Donald Trump, in his latest address, completely dashed the hopes of a ceasefire. According to a report from SoSoValue, this has now pushed things toward escalation, rather than a resolution. With President Trump dismissing the need for global oil and leaving the Strait of Hormuz to be guarded by other nations, oil prices are expected to ramp up higher during this time. In addition, there is the expectation of interest rate hikes, and this could negatively affect the Bitcoin and Ethereum prices during this time. Crypto Market Hit By Another Hack With the move into the bear market and Bitcoin and Ethereum prices crashing, attacks on the crypto market seemed to have slowed down. That is, until now, when news of the DRIFT Protocol hack broke during the weekend. According to reports, the Solana protocol had been targeted by North Korean threat actors, who eventually succeeded. In jus 12 minutes, these bad actors were able to infiltrate the protocols wallets and make away with $285 million, with the attack attributed to the Lazarus Group. Naturally, the movement of liquidity out of the market remains a major concern given that Bitcoin and Ethereum are already suffering from low liquidity. The DRIFT token also crashed 40% once the news broke, leaving the market in a state of shock. On-chain sleuth ZachXBT also took to X to call out Circle for failing to act while the USDC from the DRIFT attack was being moved across over 100 transactions. The funds have since been moved from Solana to Ethereum, leaving users wondering as to what is being done to protect against these threat actors. Related Reading: Why XRP Supply Crashing On Coinbase Is A Good Thing For The Price Sentiment Falls Toward Record Levels Another factor that could drive down the Bitcoin and Ethereum prices is the fact that investors are still very wary of putting money into the market. The Crypto Fear & Greed Index is currently sitting in the Extreme Fear territory, which marks a time of low liquidity and participation in the market. If sentiment does not begin to improve and liquidity does not flow back into the market, then the Bitcoin and Ethereum prices could continue to decline. This could trigger a cascading event where investors panic-sell in order to reduce losses, thereby leading to a steep decline. Featured image from Dall.E, chart from TradingView.com

A crypto analyst has made a bold projection, suggesting the Ethereum price could reach a staggering $10,000. According to him, this is the minimum level that ETH could read, underscoring his confidence in the cryptocurrency’s bullish outlook. The analyst has cited strong fundamental and technical indicators that support his optimistic prediction. Current sentiment surrounding Ethereum is unclear, with its Fear and Greed Index in the neutral range, even while volatility remains in the fear zone. This mixed market reaction comes as the cryptocurrency has been facing bearish headwinds, even as it remains resilient and holds above the $2,000 level.  Why The Ethereum Price Could Hit $10,000 Notably, crypto analyst Sykodelic on X has emphasized how strong Ethereum’s fundamentals and structure are, even amid market volatility and shifting sentiment. He has disclosed his strong bullish stance on ETH’s price outlook, forecasting that the cryptocurrency could hit $10,000 at a minimum.  Related Reading: Ethereum Price Crash Update: Analyst Forecasts Fall To $600 If This Happens Supporting his bold projection, Sykodelic explained that for the past five years, the Ethereum price has been moving sideways in a High Time Frame (HTF) range. He noted this long-term horizontal range has built a very strong base, and now ETH is showing clear signs of a breakout that could fuel a powerful upward move to new all-time highs. The analyst cited reasons for his optimistic outlook, noting that the stronger and longer the base, the bigger the breakout potential. He stated that, at present, Ethereum has one of the largest bases of any digital asset in the world.  He also highlighted technical indicators that support his bullish forecast. Looking at his accompanying chart, Sykodelic noted that Ethereum’s one-month Relative Strength Index (RSI) has reached historically low levels that have marked major price reversals in the past. He said Ethereum is currently at the bottom of its multi-year channel, suggesting it is consolidating around support and could be poised for a significant price rally. The analyst has stated that these factors suggest that the potential for gains far outweighs the downside risks for traders positioning for the next breakout. He believes that Ethereum’s next attempt to break out of its current base could be the one that propels its price to $10,000, representing a more than 400% surge from current levels.  Analyst Dismisses $950 Breakdown Target Following the post, one crypto member forecasted that Ethereum will likely experience another price crash to $950 before it begins its rally to $10,000. Quickly responding, Sykodelic dismissed the bearish forecast, highlighting that there is no basis for expecting such a steep drop in ETH.  Related Reading: Analyst Shares A Good Way To Know When Ethereum Has Hit A Bottom He noted that if Ethereum falls to this level, it would mark its lowest-ever monthly RSI reading after its weakest expansion. Given his confidence in Ethereum’s bullish potential, the analyst likely views such a scenario as unrealistic under current market conditions. Featured image from Freepik, chart from Tradingview.com

Ethereum is tightening into a critical zone near the $2,000 level as price action continues to compress without clear direction. With volatility steadily declining and pressure building on both sides, the current structure suggests that a decisive move, either a breakout or breakdown, could be just around the corner. Momentum Fails To Build On Ethereum Ethereum is currently in a very different position compared to the broader market, as it has never experienced a strong, sustained rally. CyrilXBT noted that ETH briefly spiked to $2,400 in mid-March but has been trending downward ever since. The move failed to establish continuation, and the price has gradually weakened. Related Reading: Ethereum Price Drops to $2,100, Shaking Confidence Amid Volatility Currently, Ethereum is hovering around the 200 EMA, near $2,104, which provides a slightly constructive signal. Rather than breaking down aggressively, the price is compressing, suggesting that the market is building energy for a potential move. $1,800 remains the key level to watch, acting as critical macro support that has yet to be tested. The $2,300–$2,500 region continues to act as a major resistance zone, and any upside move lacking strong volume is likely to be dismissed as noise. A decisive daily close above $2,200 would be the first meaningful sign of strength. Until then, the outlook remains neutral, with close attention on the $2,000 level as the next important test if buyers lose control. Ethereum Trades Within High-Timeframe Range Boundaries According to Minga’s latest update, Ethereum is currently trading within a high-timeframe range, with the upper boundary defined by the 2021 all-time high and the lower boundary anchored at the 2022 bear market low. Thus, Minga suggests that the most effective approach is to trade level to level, respecting key zones rather than anticipating extended trends. Related Reading: Ethereum Price Recovery Picks Up, Is a Breakout Now Brewing? A closer look at the chart shows that ETH swept the 2021 ATH, faced rejection, and has been trending downward since. Along the way, ETH took out an untapped monthly low around $1,750, triggering a push back toward the $2,300 region, but momentum faded as price slipped back below $2,151. Currently, Ethereum is near the midpoint of this broader range, rejecting a significant historical level. The $2,151 zone stands out as a key bullish/bearish continuation level, having acted as both support and resistance in the past. Rejection from this area keeps downside pressure intact. However, a successful reclaim could open the path toward $2,395, where an untapped fair value gap remains. On the downside, the next major level to watch lies around $1,537, where weekly equal lows are positioned. While ETH may hit the level, it is not expected to mark the ultimate bottom. For a broader macro reversal, a sweep of the $1,384 low is anticipated, with a potential extension into the $1,190–$1,148 region, which stands as the primary target for a cycle bottom. Featured image from Getty Images, chart from Tradingview.com

Ethereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset’s next major directional move is based on a single price level: one that, if broken, would invalidate years of macro analysis and cause a price collapse to as low as $900. The Count That Has Held For A Year According to an analyst known as The Penguin, Ethereum’s current price behavior fits into a broader Elliott Wave structure that has been developing for years. The analysis defines Ethereum’s entire price history since 2016 as a developing macro sequence: a completed Cycle Wave 1 that topped out, followed by an extended Wave 2 correction playing out as a flat. According to the analyst, this structure is time-consuming, choppy, and designed to frustrate. Related Reading: Analyst Shares A Good Way To Know When Ethereum Has Hit A Bottom Since Ethereum’s 2021 peak, the Ethereum price has largely moved sideways and downward while repeatedly teasing recoveries that faded. The most notable example of this recovery was in August 2025, when Ethereum moved to new all-time highs. However, this has eventually ended up with a reversal that saw Ethereum fall back below $2,000 again. The chart labels the flat trading sequence in detail, mapping out W, X, A, and B legs that form the larger Wave 2 structure. The current price action is positioned within the final leg of the B structure, and the next outlook is an upward move to C from here. The $1,382 Line That Changes Everything As shown in the chart above, the Ethereum price has spent the period since its 2021 peak trading beneath a well-defined horizontal resistance zone between $4,500 and $4,900, with multiple rallies failing to break through this ceiling. The lows, on the other hand, have been less uniform, with lows forming in a more irregular pattern instead of a clean horizontal base.  Related Reading: Brace For Impact: Ethereum Price Is Now Forming A Counter-Trend Correction However, one level stands out in this structure, which is the $1,382 low recorded in April 2025. Based on the context of this analysis, this point is labelled as Wave X and serves as the lower timeframe invalidation level. This is the important price level that will determine whether the price structure continues to fall below the four-digit mark.  As long as Ethereum remains above it, the Wave 2 scenario will be valid, and the Ethereum price can still transition into a new impulsive cycle to the upside. The price target in this case is a push to as high as $8,400. A breakdown below $1,382, however, would invalidate the entire wave count. ETH would need to shed about a third of its value to reach that level, but given Q1 2026’s 29% decline and February 6 low at $1,743, it is not out of reach under persistent selling pressure. If that invalidation level fails, the analyst’s projection points to a downside break below $900, with Fibonacci extensions on the chart pointing to lows between $800 and $500. Featured image from iStock, chart from Tradingview.com

Ethereum is navigating a challenging market phase, with price facing persistent selling pressure despite a tightening supply landscape. On the charts, ETH has shown signs of weakness, with repeated rejections at key resistance levels and declining momentum suggesting that sellers remain in control in the short term. A significant portion of the ETH supply remains locked across staking contracts, effectively reducing the amount of liquid ETH available on the market. Locked Supply Continues To Tighten Circulating Ethereum Ethereum is experiencing selling pressure on the charts, but supply is being locked away through staking. An analyst known as Sjuul AltCryptoGems on X has pointed out that nearly 3 million ETH is reportedly waiting to be staked, with the entry queue stretching to around 50 days. Related Reading: Ethereum Supply Tightens As Staking And Outflows Hit Record Highs At the same time, the exit queue is almost empty, indicating that very few participants are withdrawing their holdings, which is a clear imbalance. If confidence were weak, exit activity would rise, and staking demand would slow down, but the opposite is playing out. Investors are continuing to lock up their ETH for months with a yield of around 2.7%. The total staked has now surpassed 38 million ETH, accounting for over 31% of the total supply,  and the figure continues to grow despite the price trend lower. This divergence highlights a key dynamic. While the ETH price is showing weakness, the network participation is signaling strength. There are long waiting times to enter staking and almost no waiting time to exit. This kind of disconnection doesn’t last long. Right now, supply is being locked from circulation while demand is building. How Ethereum Long And Short Positions Shrink Across The Board The recent price weakness in Ethereum may be largely driven by a shift in positioning among hedge funds. According to crypto investor CW, data shows that hedge funds significantly reduced their long ETH positions about two weeks ago, particularly on Coinbase Derivatives, suggesting that many have either liquidated their holdings or exited trades to cut losses. Related Reading: Ethereum Staking Ratio Hits Record 31.4% As Exchange Supply Crashes To 2016 Lows This wave of long-position unwinding has added notable selling pressure, with the US hedge funds emerging as the primary force currently weighing on the market. There is a shift in sentiment that contrasts with that of other participants, as the dealers and asset managers are largely neutral or still maintain a slight advantage in long positions. CW argues that a meaningful full-scale rally will begin when hedge funds turn bullish. Activity in both long and short positions on Ethereum decreased compared to the previous day. CW has also noted that the high-leverage long positions are estimated at around $1.1 billion, while short positions significantly outweigh them at approximately $4.22 billion. However, if the ETH price rises by $100, several short positions would be liquidated. Featured image from iStock, chart from Tradingview.com

With the Ethereum price struggling around the $2,000 support, the question of when the digital asset will hit a bottom has continued to linger among investors. Naturally, a bottom is largely based on the Bitcoin price, setting the tone for the entire market. However, a crypto analyst has also suggested things to look out for that could help to confirm that the Ethereum price has actually hit a bottom and will begin to move upward once again. Watch Out For The Ethereum Close Above $2,100 For now, the Ethereum price is still trending below $2,100, and crypto analyst Rawl has called this out as the next important level to break. Given the fact that the Ethereum price had fallen below $2,400 initially, but then didn’t make a complete weekly close, it suggests that this could be a takeout. Related Reading: The Crowd Is Bearish On Bitcoin, But History Says That’s Bullish Going by this, the Ethereum price now needs to actually make a close above $2,100 on the weekly chart to confirm if this is the bottom or not. Since the cryptocurrency completed the last week without making this close, then it moves into this week for another chance to make the close. As the crypto analyst explains, a close above $2,100 would confirm the local bottom, setting the stage for the next price increase. The first move is expected to propel the altcoin as high as $2,400 in the primary move. However, the move is not expected to end there. For a secondary move, Rawl points to a climb to $2,800-$3,000, and hitting the top of this prediction would mean that the Ethereum price would rise 50% from the current level at the time of this report. “So the plan remains the same, we will likely stay choppy here before properly breaking above 2,100 and heading toward 2,800–3,000,” the analyst stated. Bears Could Still Take Over Just like with any scenario, there is still the possibility that the Ethereum price does not make this weekly close and ends up falling below it. In this case, it would put the bears back in control, likely triggering a sustained decline that would keep the cryptocurrency’s price below the $2,000 level. Related Reading: Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000? Even in the case where the Ethereum price does close above $2,100 and completes the projected rally, the crypto analyst says this is only preceding a larger decline. In a previous post, the analyst had pointed out this possible large correction, but then posits that the Ethereum price could continue to rally and likely hit $6,500-$8,000 for a new peak. Featured image from Dall.E, chart from TradingView.com

Ethereum is trading just above the important $2,000 psychological level, but the apparent stabilization may be deceptive. According to a technical analysis published on TradingView by crypto analyst RLinda, what looks like a recovery attempt is, in fact, a counter-trend correction, a bear market bounce that could be setting bulls up for a painful flush lower. Crypto Winter Tightens Its Grip RLinda’s analysis opens with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.  Technical analysis of the 2-hour timeframe chart shows that Ethereum has already printed a series of lower highs and lower lows following its rejection around $2,380 in mid-March. The most recent lower low saw the Ethereum price drop to the $1,960-$1,990 zone over the weekend, which confirms that sellers are still battling for control, forcing the market into what RLinda describes as a counter-trend correction. Related Reading: Ethereum Accumulation Map Reveals Price Roadmap To $20,000 This type of correction often creates the illusion of recovery. Price begins to grind upward or move sideways, but within the context of a broader bearish structure. The charts reflect this clearly, with Ethereum now attempting a modest rebound after establishing a local bottom just below $2,000 over the weekend. Making matters worse is the macro backdrop relating to Bitcoin. Bitcoin, which had been staging what appeared to be a recovery attempt to $72,000 last week, has failed to hold those gains and reversed to as low as $65,810 over the weekend. Bears have reasserted control and Bitcoin’s weakness is cascading directly into altcoins. This, in turn, might cause the Ethereum price to bear the brunt of that spillover pressure in the coming days. Price Battlegrounds To Watch Out For The immediate focus on the 2-hour chart is a tight resistance cluster formed between $2,024 and $2,062. This zone coincides with multiple technical factors visible on the chart, including prior support turned resistance, Fibonacci retracement levels around 0.5 and 0.618, and a descending trendline pressing down on lower highs in March. Related Reading: Here’s The Latest On The US-Iran War And How It Could Affect Bitcoin, Ethereum Prices According to RLinda, Ethereum may test the 2025 to 2038 liquidity zones. A short squeeze would provide a good signal for a potential decline. Price resistance levels to watch in this case are at $2,025, $2,037, and $2,062. The point of interest (POI) at $2,062.50, which is also shown on the chart above, is the most important one. A retest of this resistance zone, followed by a false breakout and consolidation in the short zone, will confirm bear dominance. Should that confirmation materialize, it could create a counter-trend correction that leads to a new round of selling pressure that pushes the Ethereum price to a support point of interest around $1,900. At the time of writing, Ethereum is trading at $2,050. Featured image from Pixabay, chart from Tradingview.com

Standard Chartered’s Global Head of Digital Assets Research Geoffrey Kendrick said Ethereum could climb to $40,000 by 2030 and outperform Bitcoin along the way, arguing that the next wave of tokenization, stablecoin growth, and institutional blockchain buildout is likely to land first on Ethereum. Speaking in a Milk Road interview with John Gillen, Kendrick tied his ETH thesis directly to how traditional finance is approaching on-chain infrastructure. His argument was not that Ethereum wins because of narrative momentum, but because it looks like the safest place for banks, asset managers, and large institutions to start building. Why Ethereum Could Outperform Bitcoin Back in January, Kendrick had published a report titled Ethereum outperformance expected. In the interview, he acknowledged that ETH has struggled on price since then, but said the underlying setup remains intact. “The interesting part here for Ethereum is as tradfi gets involved, tradfi is okay to build stuff on Ethereum,” he said. “It’ll be very safe to say I’m going to build on Ethereum layer one, right? Because it’s never gone down. So I think a lot of this stuff in its first instance happens on Ethereum layer 1.” Related Reading: Ethereum Price Falls Below Psychological $2,000 Support — What Next? He pointed to BlackRock’s rollout strategy as a model for how that adoption could unfold. In Kendrick’s view, institutions are likely to launch first on Ethereum mainnet, then expand to other chains and layer-2s later. That sequencing matters, because he sees activity flowing to the network before value disperses elsewhere. Kendrick said he increasingly views protocol and application fees relative to market cap as one of the more useful ways to think about ETH valuation. More activity in the Ethereum ecosystem, he argued, should translate into a higher token price. “I think that means ETH outperforms now, let’s say for the foreseeable actually,” he said. He added that the ETH/BTC ratio, currently around 0.03 by his framing, could rise to 0.04 this year. Longer term, he said, “I’ve got $500,000 Bitcoin by 2030 and $40,000 Ethereum by 2030. So, a massive outperformance, obviously, a massive absolute potential upside from here.” The broader engine behind that call is tokenization. Kendrick said stablecoins could rise from roughly $300 billion today to $2 trillion over the next few years, and argued that this would create knock-on demand for tokenized money market funds. Corporate treasurers, he said, will not want to hold only tokenized cash if the rest of their idle capital remains trapped in slower off-chain systems. “Tomorrow, if you want to get access to stablecoins because of their 24/7 instantaneous, near-free benefits, you want to take all the million dollars onchain,” Kendrick said. “You don’t want to go out of stable coins and back into idiotic fiat, which is ridiculously slow by comparison. Rather, you’d like to have all of your off-chain money market funds onchain as well.” Related Reading: Unknown Wallet Buys $107 Million In Ethereum – Purchase Pattern Points To Bitmine That leads to one of his bigger numerical calls. Tokenized money market funds, which he said are about $10 billion today, could reach $750 billion by the end of 2028. He based that on the assumption that even if only 10% of transactions move into stablecoins over the next few years, a similar share of money market fund exposure would likely need to come on-chain too. He also forecast that other tokenized assets could grow from around $40 billion today to $2 trillion by the end of 2028, describing that as a 50x move in three years. From there, Kendrick sees a path into DeFi. If regulatory clarity improves, he said, traditional finance and DeFi could begin meeting in the middle, with consumer-facing apps using blockchain rails in the background to route cash into products like Aave, Morpho, or Compound. “There’s a huge financial fairness and financial inclusion stuff that I think we circle back to from DeFi,” he said. “Most people won’t know where it’s coming from, but you’ll get that style of stuff, I think, in the next few years.” For Kendrick, that is the core of the Ethereum trade. If tokenized dollars, tokenized funds, and eventually tokenized equities pull institutional liquidity on-chain, the first phase of that buildout is likely to happen where compliance teams are most comfortable. In his telling, that still points to Ethereum. At press time, ETH traded at $2,059. Featured image created with DALL.E, chart from TradingView.com