THE LATEST CRYPTO NEWS

Crypto analyst TradingShot has revealed that the Ethereum price has formed a megaphone bottom which has not been seen since 2020. The analyst revealed what happened the last time ETH formed this bottom, which provides a bullish outlook for the altcoin.  Ethereum Price Forms Megaphone Bottom In a TradingView post, TradingShot stated that the Ethereum price has formed a megaphone bottom like in March 2020. He noted that ETH is currently on the first week of a rebound after recording three consecutive red weeks when it could not break above the 1-week MA50. The analyst further remarked that ETH is taking on a lower lows trendline, which is technically the bottom of a 1-year megaphone since the March 11, 2024 high. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 TradingShot claimed that the market is no stranger to long-term megaphone consolidation periods like that. He stated that the Ethereum price eventually broke upward the last time it formed this megaphone between June 2019 and March 2020, which happened after the brutal COVID crash bearish leg that touched bottom.  He noted that the March 2020 period is quite similar to the current bearish Ethereum price action since late December. The analyst then highlighted how perfectly aligned the Fibonacci retracement levels are. Based on this development, he predicted that the Ethereum price could at least test the 1.5 Fibonacci extension at $6,000 before this cycle tops at the end of the year.  Crypto analyst Crypto Patel also raised the possibility of the Ethereum price rallying to as high as $8,000. He suggested that this parabolic move could happen in phase E of ETH’s bull run. He indicated that ETH could face significant resistance at around $4,050 to this price level.  Bullish Fundamentals For ETH Despite its underperformance, the Ethereum price has bullish fundamentals, which could spark a reversal to the upside and cause it to reach new highs. Crypto analyst Alternative Bull revealed that the exchange reserves of ETH are significantly declining. He remarked that this would lead to a limited supply which makes it only a matter of time before ETH goes parabolic. In line with this, the analyst affirmed that the altcoin is still in the early phases of its bull run.  Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts Crypto analyst Ali Martinez has also revealed that whales are actively accumulating ETH, which is bullish for the Ethereum price. In an X post, he stated that 360,000 ETH were withdrawn from crypto exchanges in the last 48 hours, a development that could spark a supply shock.  It is also worth mentioning that the Ethereum price could soon witness a supply shock through the ETH ETFs. Asset managers like Bitwise have filed with the US SEC to include staking in their funds. If approved, this could take more ETH out of circulation as some institutional investors opt to stake their ETH to receive yields.  At the time of writing, the Ethereum price is trading at around $1,969, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a breakout may be on the horizon. The crypto expert who shared this analysis has predicted that Ethereum is set to rebound to $2,600 in this bull cycle.  Ethereum CLS Sparks Potential Price Rally David Perk, a TradingView crypto analyst recently published a detailed technical analysis of the Ethereum price. The analyst forecasts that ETH could soon reach $2,600 and beyond in the coming months.  Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Perk based his predictions on Ethereum’s daily and monthly CLS. According to his analysis, if Ethereum’s price action can respect its daily CLS and liquidity zone, it could gradually move upward, targeting its monthly CLS of $2,055 before skyrocketing above $2,600.  His analysis report described in detail what CLS means and how it can affect a cryptocurrency’s trajectory. Perk disclosed that CLS represents “smart money” across all markets. It is the global settlement system used by major financial institutions, including Foreign Exchange (FOREX) markets.  The crypto analyst suggested that CLS processes a massive volume of capital from large investment and central banks, boasting a daily volume of more than $6.5 trillion. In the case of Ethereum, since CLS follows a structured settlement process, traders who track these cycles can potentially anticipate significant price changes and liquidity shifts. Moreover, by knowing when large institutional money is entering or exiting the market, analysts can predict ideal entry and exit points for a cryptocurrency.  Perk’s Ethereum price chart shows an area marked in green, which represents the cryptocurrency’s liquidity zone. Additionally, the daily and monthly CLS can be seen, with the former acting as a support area and the latter as a resistance or target for future price movements.  ETH Falling Wedge Breakout Targets $2,800 In other news, crypto analyst Marzell has shared a bullish prediction of the Ethereum price in an X (formerly Twitter) post. Marzell announced that Ethereum has successfully broken out of a Falling Wedge pattern.  Related Reading: Ethereum Price Recovery: Analyst Predicts Blow Off Top To $3,300 In One Week, Here’s Why The Falling Wedge is known as a common bullish reversal pattern where a cryptocurrency’s price moves within two converging trend lines, forming lower highs and lower lows. Notably, Ethereum has broken out of this wedge, signaling a potential rebound is imminent. The breakout occurred around the $1,991 price point, confirming its bullish momentum. As a result, Marzell predicts that Ethereum could experience a massive rally to $2,821, marking a whopping 41.69% increase from its breakout level. Currently, the price of Ethereum is trading at $2,008, already seeing a rise of 3.7% in the last 24 hours. If a rally to $2,821 occurs, it would represent a surge of approximately 40.5%. Featured image from Unsplash, chart from Tradingview.com

Ethereum’s price has now found itself stuck below $2,000 in the past seven days, and it looks like it will continue here into the next few days with little sign of a significant recovery. The second-largest cryptocurrency by market capitalization has struggled under downward pressure since early March, with sellers dominating the wider crypto market.  Interestingly, recent technical analysis using Elliott Wave theory suggests that bearish dominance will continue for Ethereum into the foreseeable future. The analysis, posted on TradingView, highlights the formation of an ABC correction pattern, which could dictate Ethereum’s next major move. Ethereum’s Price Structure Points To Extended Correction According to a crypto analyst known as behdark on the TradingView platform, Ethereum’s recent pivot formations, momentum shifts, and wave degrees all indicate an ongoing correction. This interesting outlook is based on the analyst’s count of Elliott Wave, which shows Ethereum appears to be forming an ABC correction pattern.  Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? This ABC correction pattern has been playing out since November 2021 and has spanned the last three and half years. The ABC corrective trend is a three-wave pattern in the Elliott Wave Theory of major correction. Wave A represents the initial decline, wave B is a temporary retracement or countertrend move, and wave C is the final downward leg, often extending beyond wave A. It would seem wave B, the second wave in the correction pattern, is now completed or nearing completion after Ethereum broke below a trendline around $2,500 in late February. This means that wave C is set to play out, which is going to extend the current bearish trend. The analyst noted that wave C should be a little bit longer in duration than wave A, hinting at a drawn-out decline to a big demand zone between $760 and $530. Two Demand Zones Identified For ETH The analyst outlined two possible market bottoms for Ethereum, referred to as “Demand 1” and “Demand 2.” The first demand zone is between $1,350 and $1,080, and this is where Ethereum might see some buying pressure that will help put an end to the continuation of wave C. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming However, if the first demand zone fails to hold, the Ethereum price may experience an even deeper correction before finding stability. The next zone of stability, in this case, is between $760 and $530. A move to this level will no doubt send the sentiment surrounding Ethereum to an all-time low. However, it can also provide an opportunity for bullish traders to accumulate, as the next move after this zone is the beginning of the next five impulse waves.  Deviating from the negative outlook, the analyst pointed out an invalidation level at $2,941. If Ethereum manages to close a daily candle above this level, the bearish scenario would be nullified.  At the time of writing, Ethereum is trading at $1,930. Given the current structure of price action, the likelihood of Ethereum breaking above $2,941 in the short term appears slim. Featured image from Unsplash, chart from Tradingview.com

Ethereum has faced intense selling pressure over the past few weeks, with its price falling below the $2,000 threshold. This intense run of declines saw the cryptocurrency reach a low of $1,750 on March 11, marking its lowest point since November 2023. However, despite this steep drop, a new technical setup suggests Ethereum could be on the verge of a bullish turnaround, as it now retests a key resistance level on the 4-hour chart. Ethereum Retests Critical Resistance After Rebound Ethereum’s price action has been full of downtrends and many investors exiting their positions since the beginning of March. As such, Ethereum broke finally below $2,000 on March 10 after support failed to hold, and has spend the past week trading below this level. Related Reading: Ethereum, Dogecoin Lead Large Cap Losses As Bitcoin Moves Into Bear Market Territory Although after sinking to $1,750, Ethereum has shown signs of recovery and has now rebounded to around $1,900. This little price action of recovery has brought the cryptocurrency back to a downward-sloping resistance trendline, a level that has acted as a barrier to brief upward movements of accumulations during the recent downtrend. The test of this resistance now presents a potential breakout scenario where bullish momentum flows into Ethereum. An analyst on TradingView highlighted this setup, noting that a breakout above the resistance trendline could open the doors for a significant rally above $2,000. Analyst Sets Bullish Price Targets For ETH Despite the prevailing bearish sentiment that continues to weigh heavily on the broader crypto market, a TradingView analyst has identified a bullish trade setup on Ethereum’s 4-hour candlestick chart. This suggests that despite the recent decline, there remains a degree of optimism among some analysts and investors who believe Ethereum could soon regain its bullish footing.  Related Reading: Ethereum In 2024 Vs. 2025: What Important Technical Indicators Are Saying According to the analysis, a confirmed breakout above $1,885 could serve as an ideal entry point. At the time of writing, Ethereum is yet to break above the downward sloping resistance trendline, as the breakout point is currently set just below $2,000. If Ethereum were to eventually break above the resistance, the analyst noted a probable price target of $2,596.  On the flip side, the analysis advices placing a stop loss at $1,700, meaning the setup is structured to manage risk while aiming for substantial gains. This is in case if the bearish momentum is too great to be overcome, and the Ethereum price gets rejected again at the resistance trendline. Given the high-risk reward ratio, the analyst advised watching for a surge in volume, which would provide confirmation that Ethereum is breaking out with momentum. At the time of writing, Ethereum is trading at $1,895. Price action in the past 24 hours saw Ethereum reach an intra-day high of $1,950 before rejecting. However, the leading altcoin is still rolling around this resistance trendline, and there is a chance of a push upward again in the next 48 hours. Featured image from Unsplash, chart from Tradingview.com

A new technical analysis suggests that the crypto market, which includes altcoins like Ethereum (ETH) and Dogecoin (DOGE), is about to experience a major altcoin season that could last 217 days. If critical support levels are maintained, the analyst suggests that we may finally see the long-anticipated altcoin season.  Ethereum And Dogecoin To See An Altcoin Season Soon Sporia, a TradingView crypto analyst, has shared a detailed technical analysis of the altcoin market. The analysis highlights key indicators within the Total2 chart, which represents the total crypto market cap excluding Bitcoin. The market expert emphasizes the importance of holding a critical support level, noting that the highly anticipated altcoin season could finally begin if this zone is maintained.  Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Notably, top cryptocurrencies like Ethereum and Dogecoin could benefit from this market shift into an altcoin season. The analyst also noted that current market conditions coincide with Fibonacci time sequences, which may signal an inflection point for altcoin prices. Sporia shared a price chart, describing it as his secret weapon in determining bottom signals for altcoins. Since 2022, the chart has indicated a significant bottom each time the market encountered resistance at a crucial point. As of this week, the chart has recorded a bottom, marking the fourth hit around the critical resistance zone.  The analyst has expressed excitement about this trend, solidifying his confidence in a strong altcoin season. He further underscores that the alignment of events, including key support line formations during the week of the Fibonacci time sequences, indicates the heightened possibility of a major market shift.  While tracking Fibonacci-based time cycles, Sporia revealed that the first two hits did not trigger any major events, but the third hit at the 2.618 level led to a significant pivot. Currently, this fourth hit at the 3.618 level coincides with the August 2024 altcoin crash, which mirrored the COVID crash in the last cycle. This suggests a 50% accuracy rate for the current Fibonacci sequence, making it an ideal target to watch for a potential bottom and pivot.  Altcoin Market Bull Rally To Last Only 217 Days  Diving further into his analysis, Sporia predicts that the altcoin market could rally for 217 days, peaking by October 13, 2025, roughly 20 to 30 days after Bitcoin reaches its projected cycle top. He argues that, historically, Bitcoin has always hit a cycle top before altcoins.  Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge In 2021, Bitcoin peaked in April, and the altcoin market topped 28 days later. Similarly, in 2017, Bitcoin reached the top of the market, and altcoins followed 22 days later. For this market cycle, Sporia projects that Bitcoin will hit its highest point by mid-September after a typical 1,050-day cycle from its previous market bottom.  Notably, the analyst revealed that the last time the altcoin market hit the 3.618 Fib level, its total market capitalization surged to $5 trillion. Overall, Sporia has indicated a 99% surety that the altcoin market will bottom so long as the key diagonal support holds. If it does, he highlights that the market should expect a V-shaped recovery and an uptrend lasting for 217 days. Featured image from Unsplash, chart from Tradingview.com

Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto.  Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle  In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result like the flagship witnessed in that cycle.  Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts The analyst admitted that Ethereum has been under heavy pressure since early December last year and almost touched the 12-month falling support this week. However, despite this development, the Cryptagon suggested that this is not the time to be bearish on ETH, as it could still reach new highs as it mirrors Bitcoin’s 2021 cycle.  He noted that in the 2021 cycle, a rebound on the falling support caused a massive breakout above the falling resistance and the Bitcoin price rallied to the 1.618 Fibonacci extension. In line with this, the Cryptagon predicted that Ethereum could at least reach $8,000 in this market cycle as it repeats a similar price action.  This bullish outlook for Ethereum comes amid record selling, which threatens any bullish reversal for ETH. In an X post, Cryptoquant founder Ki Young Ju revealed that Ethereum has faced record active selling over the past three months.  This has contributed to ETH’s underperformance, with the altcoin being outperformed by other major altcoins like XRP and Solana over this period. While XRP touched its current all-time high (ATH) and SOL hit a new ATH, ETH has yet to come anywhere close to its current ATH.  The Most Important Price Level For ETH At The Moment In an X post, crypto analyst Ali Martinez, revealed that $1,887 is the most important support level for Ethereum at the moment. At this level, investors bought 1.63 million ETH. A drop below this level could lead to another massive crash for the second-largest crypto by market cap, with many of these investors possibly selling off their coins in order to cut their losses.  Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Martinez has already raised the possibility of Ethereum crashing to as low as $800. He noted that the $4,000 price level had been holding a strong horizontal resistance trendline. However, ETH recently broke out of this trendline, which has significantly increased the probability of a 70% price drop to this $800 target.  At the time of writing, the Ethereum price is trading at around $1,893, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Ethereum’s price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom.  Notably, an interesting signal of a probable outcome has been revealed through the Ethereum CME Futures chart, where the monthly Relative Strength Index (RSI) just reached its lowest level on record, surpassing the readings from the 2022 bear market. Ethereum’s Monthly RSI Drops Below 2022 Levels Crypto analyst Tony “The Bull” Severino has highlighted a significant development in Ethereum’s technical indicators, pointing out that the cryptocurrency’s monthly Relative Strength Index (RSI) on the CME Futures chart has now fallen to its lowest level on record. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 This decline has pushed the RSI below the 2022 bear market bottom, a period that saw Ethereum reach multi-year lows before eventually staging a recovery. Severino shared this observation in a detailed technical analysis post on social media platform X, using Ethereum’s Futures monthly candlestick timeframe chart.  The analyst noted that although this drop suggests strong selling momentum, it could also be forming a hidden bullish divergence. This is because the last time Ethereum’s RSI dropped to such extreme lows, it eventually found its footing around $900 and embarked on a price uptrend in the months that followed. This previous performance raises the possibility of Ethereum approaching a bottom, despite its current downward momentum. It is possible that Ethereum has now found a footing around $1,900 and is now gearing up for another uprend in the coming months. However, Severino remained cautious about the situation, stating that the reading could also mean that the selling pressure is at its strongest and could continue driving Ethereum lower into oversold conditions. Interestingly, he also made it clear that despite the potential for a reversal, he is currently leaning more toward a bearish outlook on Ethereum. Stochastic Indicator Points To A Deeper Bearish Phase Beyond the RSI levels, another key indicator that Severino highlighted is Ethereum’s one-month Stochastic oscillator, which has now dropped below the 50 mark. In a previous analysis, he noted that Ethereum’s drop below the 50 mark is characteristic of a bear maket territory. However, it typically does not find a bottom until the Stochastic indicator reaches below 20 and is in extreme oversold conditions. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish As shown by the chart below, past trends indicate that when Ethereum’s Stochastic oscillator enters bear market territory, it often takes months before the asset stabilizes and begins a strong recovery. At the time of writing, Ethereum is trading at $1,920, having recently reached a low of $1,851 in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

The cryptocurrency market is facing a seemingly never-ending decline, with Ethereum (ETH) and Dogecoin (DOGE) leading the losses among large-cap digital assets. This correction comes as the broader market sentiment turns bearish and cautious while Bitcoin (BTC) experiences persistent volatility and moves into bear market territory.  Ethereum And Dogecoin Market Cap Takes A Hit Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a significant drop in its market cap in the last 24 hours. While the price of Ethereum has declined to $1,910, its market cap has also gone down approximately 7.8%.  Related Reading: Here’s Why Bitcoin, Ethereum, And The Entire Crypto Market Is Crashing Today A combination of factors has contributed to this unfortunate drop in valuation, including investor caution ahead of key economic reports and ongoing bearish sentiments. While Ethereum’s trading volume seems to be the only metric in the green, jumping by 80%, liquidations persist as traders exit their positions ahead of further losses.  On a similar note, Dogecoin, the number one meme coin, has experienced steep losses in both its value and market cap. Despite its 30.5% increase in trading volume, Dogecoin’s market cap has fallen by 6.6%. This decline follows a recent surge in meme-based cryptocurrencies earlier this year, which appears to be losing momentum.  As of writing, the Dogecoin price is trading at $0.16, reflecting a deep correction of 16.8% in the last seven days and a massive 37% crash over the past month.  Notably, the decline in Dogecoin and Ethereum’s market cap is the highest in the last 24 hours, with coins in the top 10 experiencing a less than 2% drop. This massive drop in both cryptocurrencies comes as analysts confirm that Bitcoin has entered bear market territory.  Bitcoin And Altcoins Enter Bear Market  According to crypto analyst Tony Severino, Bitcoin may have entered bear market territory as the pioneer cryptocurrency faces decreasing momentum. Severino’s analysis applies the Elliott Wave Theory, which claims that the bear market for altcoins started in 2022, coinciding with Bitcoin’s Wave 5.  Related Reading: Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time During this period, the market saw a rise in interest rates and Quantitative Tightening (QT), where central banks reduced liquidity in financial markets. Since altcoins thrive when there is excess liquidity, economic tightening has led to weak performance for these digital currencies.  Severino argues that Bitcoin’s Wave 5 lacked the usual strength of a true bull market top. Based on the Elliott Wave Theory, the fifth wave has always been weaker than the third in terms of price speed, volume, and breadth.  The analyst also referenced a textbook that explains that Wave 5 tends to be sideways and weak, often preceding the bear market as it indicates waning momentum. The overall conclusion of Severino’s analysis is that the altcoin bear market, which began more than three years ago, has never really ended since economic conditions haven’t returned to what they were before 2022. Featured image from Unsplash, chart from Tradingview.com

Crypto analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level.  Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle. The upper boundary acts as long-term resistance, and the lower boundary provides dynamic support. This analysis comes amid ETH’s recent decline below $2,000.  Related Reading: Ethereum Retests Symmetrical Triangle Pattern, Analyst Sets Next Target The analyst noted that after a steady climb, the Ethereum price started showing weakness, confirmed by a head and shoulders pattern, which she claimed is a common sign that the trend might reverse. This weakness led to a strong drop for ETH, bringing its price down to the key support zone around $2,000.  Trend Diva stated that this support area is important for the Ethereum price because it meets with a major trendline, making it a likely spot where buyers could step in. She added that the volume profile also shows a lot of activity in this zone, meaning traders have been interested in these levels before.  The analyst further remarked that if the Ethereum price holds above this $2,000 support, it could bounce towards the $2,800 level, which represents a previous resistance. However, she revealed that a breakdown below the trendline shifts the bias bearish towards $1,414.  For now, as long as ETH stays above $2,000, a rebound to $2,800 is still on the horizon.  It is worth mentioning that the Ethereum price briefly lost the $2,000 support level following a crypto market crash on Sunday. As such, there is also the possibility that it could drop to as low as $1,414 as Trend Diva warned.  A Drop To As Low As $1,250 Is Also On The Cards In an X post, crypto analyst Ali Martinez said the Ethereum price seems to be breaking out of a parallel channel. He added that ETH could drop to as low as $1,250 if momentum sustains. ETH whales look to be doing everything possible to defend the $2,000 support zone and prevent Ethereum from dropping to these new lows.  Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Martinez revealed that the largest whales on the network have bought 330,000 ETH in the last 48 hours. This massive whale accumulation could help prevent further downside pressure and possibly spark a bullish reversal for the Ethereum price.  At the time of writing, the Ethereum price is trading at around $2,065, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Crypto analyst Titan of Crypto has provided a bullish outlook for the Ethereum price, assuring that ETH is not dead. The analyst highlighted a bullish pattern, which indicates that the second largest crypto by market cap could soon enjoy another leg up to the upside.  Analyst Hints Another Leg Up For Ethereum Is On The Horizon  In an X post, Titan of Crypto stated that Ethereum is not dead and hinted that another leg up was on the horizon for ETH. He reaffirmed that ETH is far from being dead from a technical perspective. The analyst then noted that the Ethereum price is still progressing within a broadening wedge.  Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Titan of Crypto also revealed that the Ethereum price just revisited the reload zone, the prime area where professionals look to long or buy back ETH. He remarked that this is where smart money steps in, suggesting that Ethereum could rebound from that zone. The analyst’s accompanying chart showed that Ethereum could rally to between $6,129 and $6,589 as it rebounds from this reload zone.  Macro View Update On ETH In an earlier analysis, Titan of Crypto also provided a macro view update on Ethereum. He noted that ETH had closed a monthly candle outside the 7-year rising wedge. The analyst added that a confirmed breakout requires the next monthly close to remain outside this wedge. In line with this, he outlined three possible scenarios for ETH.  For the first scenario, the analyst predicts a reintegration in which key support levels hold, leading to a bounce that pushes ETH back inside the wedge and invalidates the breakout. In the second scenario, Titan of Crypto states that there could be a triple top formation in which support holds, but ETH only retests the wedge before rolling over into a longer-term top.  Meanwhile, he remarked that for the third scenario, ETH confirms a deeper correction if support fails. However, at this stage, Titan of Crypto believes that the first or second scenario is the most likely.  The Biggest Hurdle For Ethereum  Crypto analyst Ali Martinez stated in an X post that the biggest hurdle for Ethereum is at $2,460, where 10.95 million investors acquired 64.52 million ETH. The analyst asserted that breaking through this level will reignite ETH’s bullish momentum.  Related Reading: Ethereum Exchange Outflows Hits 2-Month High With $1.4 Billion Withdrawn, What This Means Smart money already looks to be stepping in to help Ethereum break past this critical resistance level. Martinez revealed in another X post that crypto whales have bought 1.10 million ETH in the last 48 hours. These whales are known to actively accumulate before a price surge, indicating that one may be on the horizon for ETH.  At the time of writing, the Ethereum price is trading at around $2,200, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Crypto analyst Tony Severino has drawn similarities between Ethereum’s price action in 2024 and this year. Specifically, the analyst highlighted important technical indicators and what they are saying about ETH’s future trajectory.  Ethereum’s Price Action In 2024 Vs. 2025 Based On Important Technical Indicators In an X post, Tony Severino provided a Japanese candlestick, TD Sequential and Parabolic SAR analysis of the 2024 and 2025 Ethereum price action. He noted that ETH’s 2024 candle made a lower high both on a candle close and wick high basis. On the other hand, he revealed that 2025’s candlestick is currently a bearish engulfing with the candle body fully engulfing 2024’s candlestick and is entering 2023’s candle body.  Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Meanwhile, Severino stated that the yearly support is drawn at $735, while the Parabolic SAR is at $370. He also remarked that the TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first ever yearly downtrend. The analyst assured that it is still very early to worry about a yearly candlestick that has ten more months to close.  Ethereum is currently in a downtrend, having dropped below $2,000 yesterday for the first time since December 2023. Although ETH has recovered above this psychological level, concerns remain about its current price action. As Severino noted, the Ethereum price could be facing its first-ever yearly downtrend.  Ethereum began the year in an unusual manner, recording a negative monthly close in both January and February, the first time this has happened. Crypto analyst Ali Martinez warned that the Ethereum price could still drop to as low as $1,600 or even $1.200, having broken below the lower boundary of a parallel channel.  ETH’s Bottom Might Be In In an X post, crypto analyst Titan of Crypto asserted that Ethereum’s bottom is in. He revealed that the 2024 low has been swept on ETH’s perpetual daily chart, tapping into what the analyst believes is the most significant point of interest for a potential reversal. The analyst’s accompanying chart suggested that the Ethereum price could still come close to or even reach its current all-time high (ATH).  Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle In the short term, the Ethereum price is still expected to rebound. The analyst revealed that two ETH CME futures gaps remain unfilled above $2,500. The first is between $2,540 and $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps traditionally tend to get filled, indicating that the crypto could soon rebound to these price levels.  At the time of writing, the Ethereum price is trading at around $2,176, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH. Time To Go Bullish On Ethereum Sharing his “bullish thoughts on ETH” via X, Ki Young Ju argued there has been “no significant sell pressure” despite the recent Bybit hack, pointing out that both on-chain and market data remain neutral. “Exchange selling takes time, and OTC offloads barely affect the price,” he added. He also emphasized Ethereum’s dominant share of the stablecoin market cap—currently around 56% and noted how potential regulatory shifts under the Trump administration, which is reportedly “easing crypto regs,” could spur further adoption of ETH-based stablecoins and smart contracts in 2025. Related Reading: Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains Ju referenced additional catalysts, reminding followers that the ETH spot ETF “is already approved,” suggesting that a “Large Cap ETF altseason” might be on the horizon for Ethereum. He added, “BlackRock ETH spot ETF holdings increased 124% over the past three months.” Lastly, Ju highlighted growing whale accumulation: addresses holding 10,000 to 100,000 ETH have increased their balances by 24% over the past year, with the current price “nearing the cost basis of accumulating addresses.” However, Ju admitted he was “surprised” by what he sees as an overwhelmingly bearish mood on Crypto Twitter. “Wow, CT [Crypto Twitter] sentiment on ETH is extremely bearish. Let me know if you have any data-driven analysis to support your bearish thesis. Most bears seem to cite the dropping price itself as their reason for selling. Very interesting,” Ju remarked. On his alternative X account—under the handle @kate_young_ju—he reiterated that “whales are stacking ETH,” pointing to the current cost basis for these accumulating addresses at around $2,199, compared to the spot price hovering near $2,505. Ju is not alone in challenging the doom-and-gloom market narrative. AdrianoFeria.eth (@AdrianoFeria), an member of the ETH community, asserted that “the market is in the shitter” but urged investors to focus on high-level institutional and political signals favoring Ethereum. Related Reading: Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence He specifically cited reports of the US President and family purchasing “hundreds of millions of dollars worth of ETH,” the CEO of BlackRock’s endorsement of tokenization (and BlackRock’s own tokenized USD experiment on Ethereum), and Bybit’s need to buy large quantities of ETH to cover its hack—potentially fueling more demand. Feria also mentioned that Ken Griffin, the CEO of Citadel believes Ethereum could replace Bitcoin. For this community member, the fact that “everyone on CT is still taking a shit on ETH” only reinforces a contrarian bullish stance. Popular crypto analyst IncomeSharks (@IncomeSharks) weighed in by posting a chart showing another “red scary candle” but indicating a buy zone above $2,400. Meanwhile, Chris Burniske, partner at Placeholder VC, offered historical perspective, reminding followers of 2021’s mid-cycle drawdowns: BTC fell 56%, ETH 61%, SOL 67%, and many other assets 70-80%. According to Burniske, “you can come up with all the reasons for why this cycle is different, but the mid-bull reset we’re going through isn’t unprecedented. Those calling for a full blown bear are misguided.” At press time, ETH traded at $2.382. Featured image created with DALL.E, chart from TradingView.com

Ethereum’s price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700. Notably, the broader market downturn over the past 24 hours has only strengthened the case for further declines for Ethereum. Ethereum Plunges Over 12% In 24 Hours As Market Suffers Steep Losses The crypto market has taken a heavy hit, with Bitcoin falling below major support at $90,000 and shedding 6.9% over the past 24 hours. An already struggling Ethereum has fared even worse, with its price plunging 12.6% in the same timeframe. Particularly, Ethereum broke below support levels at $2,600, $2,500, and $2,400 in quick succession.  Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 This steep decline has aligned with SwallowAcademy’s warning about Ethereum’s weakness on smaller timeframes, further lending weight to the possibility of a more profound drop to $2,000. SwallowAcademy had initially emphasized that Ethereum remained in a solid buying zone due to the presence of EMAs at the $2,700 support. However, with price action shifting, the analyst acknowledges that bearish pressure on lower timeframes could open the door for further declines. Interestingly, this Ethereum price crash in the past 24 hours came as a surprise, as bulls managed to hold above a key support level of $2,700 despite the fiasco of Bybit’s $1.5 billion hack that took place throughout the weekend.  Although the immediate fallout from the exchange’s hack appeared contained, the market now seems to be experiencing a delayed reaction, and fear is gradually setting in among investors. This growing uncertainty, combined with persistent outflows from crypto investment products, including Spot Bitcoin and Spot Ethereum funds, has added more downward pressure on Ethereum’s price. As it stands, the current Ethereum daily candle is firmly in the hands of sellers, with no signs of easing pressure. This is a significant change from the previously strong buying sentiment. Bearish Momentum Could Extend To $2,000 The weakening weekly candle has tipped the scales towards more declines than a bullish uptrend, though it is still early in the week to decide. cautions that it is still early in the week. Ethereum is already trading below the EMAs in the daily timeframe, so the crucial factor is whether it can hold above the EMAs in the weekly timeframe.  Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts If the current selling momentum continues and the price breaks below $2,200, the next major downside target is $2,000 before any notable bounce can occur.  At the time of writing, Ethereum is trading at $2,395 and is at the risk of more declines over the next 24 hours. Despite the sharp drop, the RSI has yet to reach oversold conditions, which means that sellers may still have room to push prices lower before exhaustion sets in. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the TradingView platform, technical analysis of the Ethereum price poses a bullish outlook to finally break above its all-time high of $4,878. Ethereum is currently positioned at a key inflection point, where it is trading just above a multi-year support trendline. Notably, this trendline has acted as a solid foundation during previous downturns, allowing ETH to consistently rebound after touching this level. Given this historical precedent, the next expected move is another upward bounce, potentially setting the stage for a renewed bullish push. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 The strength of this support trendline is further reinforced by key Fibonacci levels, which have previously served as inflection points for Ethereum’s major rallies. At present, Ethereum is positioned around the 14.6% Fib retracement level from its break above $4,000 in September 2024, which is a zone that has historically caused reversals and strong bullish momentum. In addition to the Fibonacci level, Ethereum’s price structure is also currently supported by the monthly 55 Exponential Moving Average (EMA), which is typically known for marking long-term bullish trends. This adds weight to a bounce on the multi-year support trendline. Triangle Formation Confirms The Explosive Move The analyst also noted that ETH has been trading within a triangle pattern in a multi-month timeframe. Triangle patterns often signal a period of consolidation before a strong move in either direction and in Ethereum’s case, the supporting trendlines and Fibonacci levels suggest a higher probability of an upward breakout.  Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The specific pattern forming on Ethereum’s chart is an ascending triangle, a bullish continuation pattern characterized by a rising lower trendline and a horizontal resistance zone. The upper resistance trendline for this formation sits around the $4,000 mark, a level that has proven difficult to breach three different times this cycle. However, the next try could cause a breakout if Ethereum continues to build on the growing bullish signals with the Fib level and the 50 EMA. Once Ethereum clears the ascending triangle’s upper resistance, the next primary price target would be around $4,867, its current all-time high. At the time of writing, Ethereum is trading at $2,760, up by 1.1% in the past 24 hours. Featured image from Ethereum, chart from Tradingview.com

Ethereum (ETH) continues to trade in a tight consolidation range, keeping traders and investors on high alert for a potential breakout. The price has struggled to establish a clear trend, with bulls attempting to push higher while bears hold firm at key resistance levels. This prolonged phase of sideways movement suggests that ETH is gearing up for its next big move—but the direction remains uncertain. Periods of consolidation often act as a springboard for significant price swings, making it crucial to watch the key support and resistance zones closely. A breakout above resistance could ignite bullish momentum, while a drop below support might trigger a fresh wave of selling pressure. With market sentiment shifting and external factors influencing price action, Ethereum’s next move could be just around the corner. Current Price Action And Technical Indicators Ethereum’s price action remains in a consolidation phase, with neither bulls nor bears establishing a clear trend. The market is showing signs of reduced volatility, indicating a breakout may be on the horizon. ETH is trading within a defined range, testing key support and resistance levels that will determine its next move. Related Reading: Ethereum Fees Back To Lowest Since August: Is This Bullish? Technical indicators provide mixed signals. The Relative Strength Index (RSI) hovers near a neutral zone, suggesting neither overbought nor oversold conditions. Meanwhile, moving averages highlight key levels as ETH struggles to gain momentum above crucial resistance zones. Volume remains relatively low, signaling a lack of strong buying or selling pressure. With these indicators in focus, Ethereum’s next major move will likely depend on whether bulls can break resistance or if bears succeed in driving prices lower. Traders should keep a close watch on crucial levels to anticipate the direction of the next big price swing. Potential Scenarios For Ethereum: Bullish Surge vs. Bearish Breakdown As Ethereum continues its extended consolidation, the market braces for two possible outcomes: a bullish surge or a bearish breakdown. Both scenarios carry significant implications for traders and investors, making this a critical juncture for ETH’s price action. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum If buyers regain control and push ETH above the key $2,862 resistance level, a strong breakout is likely to occur. A surge in buying pressure alongside increasing volume, may trigger a rally toward the next major resistance zone at $3,051. More investors are expected to be drawn following a successful move past this level, reinforcing upward momentum. On the other hand, if selling pressure intensifies and Ethereum loses critical $2,518 support, a bearish breakdown could occur. This would open the door for a deeper retracement, testing lower demand zones.  A decline in volume on recovery attempts would indicate weak bullish interest, increasing the likelihood of further downside. In this case, Ethereum eyes lower support zones such as $2,160 before finding stability. Featured image from Unsplash, chart from Tradingview.com

The Ethereum price is showing strong signs of a potential breakout, as an analyst predicts a surge to $3,300 in just one week. This forecast shows Ethereum’s projected successful breach of a key resistance level, indicating an imminent price recovery to new highs.   Analyst Projects Ethereum Price Recovery To $3,300 Ted Pillows, a crypto analyst on X (formerly Twitter), has shared a super bullish projection for the Ethereum price despite its recent downturn. The analyst projects that ETH can reach $3,300 in just one week, highlighting key technical patterns and changes in price action to support his prediction. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Pillows pointed out that a Symmetrical Triangle technical pattern has appeared on the Ethereum chart. This formation is typically seen as a bullish pattern, signaling an imminent price breakout to the upside after a period of consolidation. The crypto analyst described his projected rally for Ethereum as a “short-term pump,” meaning that in the coming days, ETH could easily hit the new price target. Pillows highlighted a breakout area for Ethereum on its price chart. Currently, the cryptocurrency is trading at $2,688 and approaching key resistance levels. If it can break past the symmetrical triangle pattern and breach the resistance level around $2,750, then the analyst suggests that a surge between $3,100 and $3,300 is possible.  Following Ethereum’s projected rise to $3,300, Pillows anticipates a possible move back toward consolidation zones. This suggests that Ethereum may experience a slight price correction and consolidate around that price range for a while. Interestingly, the analyst predicts that once ETH completes its consolidation, it will experience another rally to its next price target.  The price of Ethereum has fallen by over 18% in the past month, highlighting its slow growth and susceptibility to market volatility. If the Ethereum price can surge to Pillow’s projected target of $3,300 by next week, then the cryptocurrency will be on its way toward a much-needed price recovery.  While cryptocurrencies like Bitcoin, Solana, and XRP have all hit respective all-time highs during this bull cycle, Ethereum has failed to experience a rally strong enough to push its price back to historic highs. Nevertheless, analysts remain bullish about the altcoin’s future outlook, highlighting strong fundamentals and bullish technical indicators.  ETH Flashes Bullish Buy Signal According to crypto analyst Merlijn the Trader, Ethereum has just flashed a buy signal on its daily price chart. The analyst also noted that its Moving Average Convergence Divergence (MACD) has just flipped bullish, signaling a potential for an upward trend.  Related Reading: Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February Merlijn the Trader has revealed that the last time all of these technical indicators aligned in this manner, Ethereum pumped by over 66% to new highs. This historical pattern suggests that Ethereum could see a similar upward movement in the future. As a result, the analyst has projected a potential surge to $2,800 for ETH, marking a 4% increase from its current price.  Featured image from Unsplash, chart from Tradingview.com

According to a crypto analyst, the Ethereum price is on the verge of a breakout, and investors who don’t buy it now could be left with regrets later. With technical indicators pointing towards a significant price surge, the analyst forecasts that Ethereum (ETH) could climb as high as $12,000 this bull cycle. Ethereum Price Headed To $12,000? Prominent crypto analyst Captain Faibik has issued a stark warning to investors, urging them to buy Ethereum at a particular price low or risk entering the market late and regretting it. With Ethereum’s current price action signaling a potential bullish breakout, Faibik predicts that the cryptocurrency can hit a new all-time high of $12,000 in 2025. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Looking at the analyst’s Ethereum price chart, the timeline for this ambitious projection is set around Q4 2025, more than eight months from now. Faibik indicated that Ethereum has been within a consolidation symmetrical Triangle for a while and finally looks ready to bottom.  This week, Ethereum appears to have broken through the descending resistance line of the symmetrical triangle, indicating the start of a potential price rebound. Faibik believes Ethereum has likely hit its market bottom at $2,648 and could go up from here.  Historically, cryptocurrencies that reach a bottom tend to experience a major rally as prices stabilize and momentum builds after consolidation. In the case of Ethereum, Faibik has highlighted the purported $2,648 price bottom as a key buy-the-dip opportunity.  Furthermore, the analyst suggested that entering the market at this level was crucial, as investors risk missing out on potential gains. Faibik predicts that once Ethereum initiates a bounce back, its price could skyrocket as high as $12,000. This massive rally would represent a 353.7% surge, marking Ethereum’s highest price increase since its previous bull run.  Sharing similar bullish sentiments, Kazi, another crypto analyst on X, forecasts that Ethereum will reach $12,203. The analyst also highlighted a breakout from a symmetrical triangle as the trigger for this bullish surge to new ATHs.  ETH Gas Fees Crash, Sparks Rally Speculations In other news, Ethereum’s gas fees have experienced a significant crash, sparking rumours of a potential price rally. Crypto analyst Merlijn the Trader announced this report to his over 312,000 followers on X. The analyst revealed that the Ethereum founder, Vitalik Buterin, had previously promised to fix the initial high gas fees, making them more affordable for the network users. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Now, average Ethereum gas fees are down to 0.794 gwei ($0.04), marking a major decrease from their previous high of 0.873 gwei ($0.05). Due to this unexpected but highly welcomed development, Merlijn the Trader, questions whether the crash in Ethereum’s gas fees is signaling the start of ETH’s next rally. Featured image from Adobe Stock, chart from Tradingview.com

A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline. Ethereum Price Forecast Targets $17,000 According to Kiu_Coin, the Ethereum season has just begun, opening up possibilities of price reversals and buying opportunities. Lately, the Ethereum price has been trading sideways, experiencing massive declines that the analyst has described as a “shake out.”  Related Reading: Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February His chart shows that Ethereum has recorded a unique pattern of shakeouts over the past years, followed by explosive upward moves. In this context, a shakeout refers to a sudden drop in the price of a cryptocurrency that forces weak players​​ in the market to sell their holdings before the price reverses and surges upward.  In his price chart, Ethereum experienced a final shakeout around 2020, during the previous bull market. This substantial decline was followed by a significant price spike in 2021, marking new ATHs for ETH. At the time, the cryptocurrency had skyrocketed by 1,310.6%, recording one of its largest price increases.  The current price is about $2,637, experiencing a shakeout similar to that in 2020. While other altcoins rallied these past few months, the Ethereum price has struggled with volatility and stagnation.  This bearish trend or shakeout has led to significant sell-offs by investors. If history is any indication, Kiu_Coin believes that once Ethereum concludes this decline stage and weak hands are removed from the market, the cryptocurrency could experience a bullish breakout to new highs. Update On ETH Price Analysis The TradingView expert projects an upward move toward the $17,000 price target. This would represent a 732% increase for Ethereum over the next 217 days, seven months from the time of the analysis. Support levels around $2,173 and $2,069 have also been marked on the chart, representing price levels that may prevent further decline in ETH.   As mentioned earlier, the Ethereum price has been on a severe downtrend, failing to meet the market’s expectations as its value drops steadily below the $3,000 mark. While other altcoins have recorded year-to-date increases, CoinMarketCap’s data shows that the Ethereum price has only increased by 5% since the beginning of the year.  Related Reading: Ethereum Price Analysis: ETH Faces ‘Moment Of Truth’ After Crash Toward $3,000 Over the past month, the cryptocurrency experienced an 18.5% price crash owing to market volatility and the sudden decline in Bitcoin’s value. Although ETH struggles to recover from bearish trends, its 24-hour trading volume of $19 billion is up by 20.9%. Featured image from Adobe Stock, chart from Tradingview.com

In a dramatic shift, hedge funds appear to be ramping up short positions in Ethereum at a rate not seen before, sparking questions on whether the second‐largest cryptocurrency by market capitalization could be facing troubled waters—or if something else is at play. According to renowned analysts from the Kobeissi Letter (@KobeissiLetter), short positioning in Ethereum “is now up +40% in ONE WEEK and +500% since November 2024.” Their findings, shared on X, argue that “never in history have Wall Street hedge funds been so short of Ethereum, and it’s not even close,” prompting the question: “What do hedge funds know is coming?” Massive Ethereum Short Squeeze Coming? The Kobeissi Letter’s thread highlights an extreme divergence between Ethereum’s price action and futures positioning among hedge funds. They point to an especially volatile period on February 2, when Ethereum plunged by 37% in just 60 hours as trade war headlines emerged, wiping out more than a trillion dollars from the crypto market “in HOURS.” Related Reading: Ethereum Stuck Below $2,800 Resistance – Bulls Need A Higher Low To Recover The analysts note how ETH inflows were robust during December 2024—even as hedge funds were reportedly boosting short exposure. According to the Kobeissi Letter: “In just 3 weeks, ETH saw +$2 billion of new funds with a record breaking weekly inflow of +$854 million. However, hedge funds are betting ETH’s surge and limiting breakouts.” They also underscore spikes in Ethereum trading volume, particularly on January 21 (Inauguration Day) and around the February 3 crash. Despite the historically high inflows, Ethereum’s price has “failed to recover the gap lower even as one week has passed,” and currently trades “~45% below its record high set in November 2021.” One of the biggest unknowns remains why hedge funds are so dedicated to shorting ETH. The analysts write: “Potential reasons range from market manipulation, to harmless crypto hedges, to bearish outlook on Ethereum itself. However, this is rather strange as the Trump Administration and new regulators have favored ETH. Largely due to this extreme positioning, Ethereum has significantly underperformed Bitcoin.” Related Reading: Ethereum Trades Inside A Multi-Year Bullish Pennant – Analyst Sees A Breakout Above $4K The Kobeissi Letter concludes its thread by drawing attention to Bitcoin’s outperformance and poses the question of whether a short squeeze could be in the making: Could Ethereum be setting up for a short squeeze? This extreme positioning means big swings like the one on February 3rd will be more common. Since the start of 2024, Bitcoin is up ~12 TIMES as much as Ethereum. Is a short squeeze set to close this gap?” Glassnode’s CryptoVizArt Fires Back Not everyone in the crypto analytics sphere is convinced that the tidal wave of Ethereum short positions signals a bearish outlook. Senior researcher at Glassnode, CryptoVizArt.₿ (@CryptoVizArt), took to X to challenge the alarmist takes circulating on social media: “Barchart is screaming, ‘Largest ETH short in history!’ and crypto Twitter is running around like headless chickens. Seriously, if you fell for this clickbait headline, it’s time to up your game. Let’s set the record straight.” In a detailed thread, CryptoVizArt points out that the widely shared chart on hedge fund short positions likely represents only one subset of the market (e.g., “Leveraged Funds / Hedge Funds/CTAs”) and does not account for other significant market participants such as asset managers, non‐reportable traders, and on‐chain holders. They add that similar “massive shorts” were seen in Bitcoin futures as well, yet BTC outperformed ETH during the same period. Furthermore, CryptoVizArt emphasizes that CME Ether futures are just one sliver of global crypto derivatives. Liquidity on platforms like Binance, Bybit, OKX, as well as on‐chain positions and spot markets, offer a broader view than any one exchange’s data might suggest. “One group’s net short ≠ the entire market is net short. Hedge positions ≠ purely bearish bets.” Their final note: much of the positioning could be part of “non‐directional strategies—such as cash‐and‐carry,” which are neutral strategies used to lock in arbitrage gains and are not simply a direct bet against ETH. At press time, ETH traded at $2,629. Featured image created with DALL.E, chart from TradingView.com

Ethereum’s price action in the past seven days has led to the creation of a capitulation candle that might send it on another surge within the next eight to twelve weeks. This capitulation candle caught the attention of crypto analyst Ted Pillows, who noted an interesting repeating capitulation pattern for Ethereum.  According to technical analysis by Ted Pillows, Ethereum has printed a capitulation candle in early 2025, just as it did in the first quarter of 2024 and the third quarter of 2023. Capitulation Candles And Ethereum Historical Patterns TedPillows’ analysis highlights that the Ethereum price has undergone three major capitulation events in the past two years, all of which led to substantial price rebounds. Particularly, these capitulations have taken place in the weekly candlestick timeframe, where the Ethereum price witnessed intense selling pressure throughout the week. However, historical price playout shows that these capitulations have often marked the bottom before a massive price rally.  Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge The first of such capitulations occurred in Q1 2024 and eventually led to a 100% rally over the next three months, with the Ethereum price reaching $3,950. The second capitulation took place in Q3 2024, leading to a similar upswing. With Ethereum now experiencing another capitulation moment in early 2025, the analyst suggests that the pattern is set to repeat. He believes that Ethereum is once again forming a market bottom, setting the stage for an aggressive upward move. Ethereum’s 100% Price Surge And Potential Peak If Ethereum follows its previous trajectory, the next eight to twelve weeks could bring a significant price increase, even as the leading altcoin currently struggles around $2,700. A 90%-100% pump after the recent capitulation would push the Ethereum price past key resistance levels and above its current all-time high.  Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts TedPillows’ analysis suggests that Ethereum’s ultimate price target following this capitulation could reach as high as $8,000. However, it is likely to encounter significant resistance near $3,950, a level that has historically triggered rejections in past capitulation cycles. Should Ethereum struggle to break through this barrier again, a temporary pullback could be on the horizon before any sustained move higher. Meanwhile, Spot Ethereum ETFs are attracting heavy inflows despite Ethereum’s price downturn. Institutional investors appear to be capitalizing on the dip and increasing their ETH holdings in anticipation of a broader market rebound. Spot Ethereum ETFs have recorded $513.8 million in inflows in the last six trading days, with BlackRock leading the charge by acquiring $424.1 million worth of ETH. This steady accumulation from institutional holders suggests growing confidence in Ethereum’s long-term potential and could lay the foundation for the projected 100% surge in the next eight to twelve months. At the time of writing, Ethereum is trading at $2,725, down by 4% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

Major fluctuations in the Ethereum (ETH) market yesterday triggered a wave of reactions across social media, with one Ethereum co-founder claiming that certain large holders—or “whales”—were deliberately pushing the asset’s price downward. The activity reached a fever pitch on Monday, February 4, when the ETH price swung from around $2,900 to as low as $2,120 before bouncing back sharply. Despite the intraday plunge, Ether ultimately closed the day sporting a 26% green wick—an uncommon price rebound in such a short window. Ethereum Price Manipulated By Whales? Analysts attributed the dramatic movement to external macroeconomic forces, most notably the US trade war under President Donald Trump. After imposing tariffs on Mexico and Canada early in the day, the president later struck an arrangement that spurred a rapid recovery across global markets, including cryptocurrency. Related Reading: Ethereum Price Tanks 25%: What’s Next After the Major Decline? The turbulence led one observer, identified simply as “intern” (@intern), the director of growth at Monad, to post a stark sentiment on X: “ETH is dying right in front of us. honestly never thought this would happen.” In response, Ethereum co-founder and ConsenSys CEO Joseph Lubin offered a composed outlook, underscoring that these types of price swings are not unusual for the digital asset: “It happens regularly. Then it surges. What we are seeing is whales taking advantage of economic turmoil and negative sentiment to shake out weak hands, run stops, and then buy back when they can run that same playbook in reverse.” Lubin’s statement presents a cyclical understanding of crypto volatility, implying that larger players capitalize on market anxiety—often exacerbated by macro developments—to pressure less resilient investors into selling. Several prominent crypto traders also commented on the events, specifically on accusations of whale-led manipulation. One well-known figure, Hsaka (@HsakaTrades), advised newcomers not to assume ETH’s decline was driven purely by organic market sentiment: “Dear noobs, Ethereum is NOT naturally going down. It is being pushed down via whales placing spoofy sell orders on exchanges to make noobs and risk managers sell to ‘buy back lower’. They are stealing your bags and will make you buy back at a higher price.” Related Reading: Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target The notion of a concerted “spoofing” strategy—where large sell orders are placed and then canceled or only partially filled—has long circulated within crypto communities. The tactic reportedly aims to trigger panic sells, thereby letting so-called whales accumulate positions at more favorable price levels. Prominent trader Pentoshi (@Pentosh1) offered a brief but pointed reaction, highlighting how ETH has underperformed relative to Bitcoin (BTC) over the past three years: “3 year shake out so far. Hope you’re right.” The question of why whales would single out Ether in particular was raised by community member EVMaverick392.eth (@EVMaverick392): “Maybe I’ll sound naive, but why do whales perform this maneuver exclusively on ether?” Lubin responded by drawing a parallel to conventional bank robberies and suggesting that the recent wave of unease surrounding the Ethereum ecosystem has made the asset a prime target: “Why do bank robbers rob banks— or used to? The (unjustified) FUD toward the Ethereum ecosystem is currently most pronounced.” At press time, ETH traded at $2,704. Featured image created with DALL.E, chart from TradingView.com

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

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

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

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

Crypto analyst BasicTrading has revealed a bullish pattern that has appeared for the Ethereum price, which hints at a rally to $4,000. This again provides some optimism concerning ETH, which has continued to underperform in this market cycle.  Ethereum Price Eyes $4,000 With This Bullish Pattern In a TradingView post, BasicTrading revealed that a breakout to $4,000 looks to be on the horizon for the Ethereum price following the formation of a rising channel pattern. This bullish prediction came as the analyst noted that ETH had been retesting the previous all-time high resistance and was not able to break it.  Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 However, this time, it could be different following the rising channel pattern. The analyst added that with the bullish break and retest and Ethereum price action, the breakout is about to happen. With Ethereum likely to break this psychological $4,000 resistance level soon enough, the analyst suggested that this could ultimately pave the way for ETH to reach and possibly surpass its current ATH of $4,800. BasicTrading remarked that the sky is the limit for the Ethereum price if it manages to break above its current ATH. Interestingly, the crypto analyst raised the possibility of ETH rising to between $20,000 and $25,000 if it replicates its historical performance from previous bull cycles. This price range represents the upper resistance trendline of the rising channel.  However, the analyst stated that the Ethereum price must first achieve a clear breakout of its current ATH before a rally to as high as $25,000 can become a possibility. This bullish projection for ETH comes just days after crypto analyst Ali Martinez explained why it wasn’t time to give up on Ethereum despite its underperformance in this market cycle. Martinez mentioned that a decisive breakout above $4,000 could send ETH to $7,000.  ETH To Reach Five Digits In This Bull Run Crypto analyst CrediBULL Crypto has also backed BasicTrading’s bullish outlook as he predicted that the Ethereum price would at least reach $10,000 in this market cycle. The analyst asserted that ETH will come back with a “vengeance” in the coming months. He added that $10,000 is the bare minimum once Ethereum breaks out. CrediBULL Crypto further opined that $20,000 is certainly not unreasonable by the end of this cycle.  Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Crypto analyst Mikybull Crypto also provided a bullish outlook for the Ethereum price, stating that ETH’s hated rally that will bring it to $12,000 is loading. He further remarked that the chart is giving market participants a glimpse and that patience is all it takes.  At the time of writing, the Ethereum price is trading at around $3,400, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Crypto analyst Ali Martinez has discussed Ethereum current price action as the second largest crypto by market cap remains below $4,000. The analyst outlined some facts to give a clearer picture of whether or not it is the right time to give up on ETH.  Analyst Discusses Whether It Is Time To Give Up On Ethereum In an X post, Ali Martinez outlined certain facts to determine whether it is time to give up on Ethereum. First, the analyst noted that ETH has been one of the weakest performers lately, a development that looks to have prompted Vitalik Buterin to shake things up by changing the Ethereum Foundation’s leadership team. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Martinez then alluded to historical data showing that Ethereum performs well in the first quarter of each year. The analyst had previously hinted that this year is unlikely to be different. Back then, he noted that ETH delivers its strongest performance in Q1, particularly in odd-numbered years, and 2025 is one such year. Given Ethereum’s positive Q1 performance, Martinez remarked that this could explain why crypto whales have accumulated over $1 billion worth of ETH in the past week alone. He previously revealed that these whales had bought over 330,000 ETH, valued at over $1 billion.  Furthermore, the crypto analyst remarked that the buying pressure is also evident in the exchange outflows, with nearly $2 billion in Ethereum withdrawn from crypto platforms over the past month. Specifically, 540,000 ETH, worth $1.84 billion, were withdrawn from exchanges over the past month. This accumulation trend is a positive as it indicates investors are still bullish on ETH.  However, for Ethereum to break out bullishly, Martinez mentioned that it must overcome several key resistance levels. From an on-chain perspective, the crypto analyst highlighted the $3,360 to $3,450 zone as the major supply wall. This range is the most critical resistance level for ETH, while the key support zone is between $3,066 and $3,160.  From A Technical Analysis Perspective Martinez also provided insights into the Ethereum price action from a technical analysis perspective. He stated that ETH appears to be forming the right shoulder of a head-and-shoulders pattern, with a neckline of $4,000. He added that a decisive breakout above this level could fuel a rally toward $7,000. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The crypto analyst also revealed that this upside target aligns with the Ethereum 3.2 Market Value to Realized Value (MVRV) Pricing Band, which is currently hovering around $7,000. Amid this bullish outlook, Martinez mentioned that one concerning sign is Ethereum’s network growth, which has slowed down. The number of new ETH addresses is said to have declined by 9.32%, indicating reduced adoption.  Despite that, Martinez believes that Ethereum’s outlook is still bullish. He told market participants to keep an eye on the $2,700 to $3,000 support zone. According to him, this demand zone must hold to maintain ETH’s bullish outlook.  At the time of writing, Ethereum is trading at around $3,200, down 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

The launch of Trump’s official memecoin on Solana boosted the TVL and SOL price to new all-time highs at the expense of rival Ethereum.

While several other altcoins have fairly shone in the current bull cycle, the Ethereum price has often struggled to live up to its reputation as the “king of altcoins.” Since losing the $4,000 level last year, ETH has not shown any real promise of reaching its all-time high price. More recently, though, the Ethereum price appears to be recovering well after being under intense bearish pressure since the start of the year. With this little show of momentum, the altcoin has been touted to witness significant upward movement over the coming months. How High Could ETH Price Climb? In a Jan. 17 post on the X platform, prominent crypto analyst Ali Martinez shared an audacious bullish prediction for the price of Ethereum over the next few months. According to the crypto trader, the cryptocurrency looks set for a rally to around $7,000. Related Reading: Bitcoin Price Signals Strength: Bulls Prepare for the Next Leg Up This projection is based on the formation of the inverse head-and-shoulder pattern on the daily Ethereum price chart. The inverse version of the head-and-shoulders pattern is a technical analysis formation marked by three distinct price troughs, including a lower “head” set between two higher “shoulders.” While the head-and-shoulders pattern often signals a potential bearish reversal, the inverse pattern indicates a possible bullish breakout. However, the inverse pattern is also validated when the price breaks above the neckline, which is a trendline connecting the crests (swing highs) between the head. As observed in the chart above, the price of Ethereum appears to have completed the right shoulder of the inverse head-and-shoulders pattern. The altcoin now seems to be approaching the neckline, which is wedged between the $4,000 and $4,100 region. Martinez noted that a successful close of the Ethereum price above the $4,100 mark could set the stage for a rally to $7,000. This represents an almost 100% rally from the current price point. According to Martinez, the recent on-chain movement of whales could prove a useful catalyst for such a move. The latest on-chain data shows that whales have accumulated over 330,000 ETH (worth more than $1 billion) in the past week. This level of whale activity can be bullish for the Ethereum price, especially as it has been correlated with significant price increases in the past. Ethereum Price At A Glance As of this writing, the Ether token is valued at just beneath $3,500, reflecting an almost 5% price jump in the past 24 hours. According to data from CoinGecko, the price of Ethereum is up by nearly 7% in the past week. Related Reading: Whale Activity Spikes as Bitcoin Reclaims $102,000—What Investors Need To Know Featured image from Shutterstock, chart from TradingView

Crypto analyst Adam (@abetrade) has sparked substantial debate by declaring that Ethereum is “the most cursed coin in existence,” suggesting that despite a notable uptick in overall market interest, the second-largest cryptocurrency remains stubbornly below its potential. Why Ethereum Seems To Be Cursed Speaking to his 178,000 followers on X, Adam pointed to a striking increase in Ethereum-related open interest, remarking: “ETH having the title of the most cursed coin in existence is well deserved because open interest in coins increased by 110% since August, yet the price is trading 20% below the 2024 highs; that’s genuinely quite bad.” In his view, this divergence between trader enthusiasm and the coin’s ongoing price stagnation indicates a fundamental gap that cannot be explained away simply by market volatility. He underscored that this dynamic seems to have brought about a paradox: while higher open interest often suggests growing market confidence, Ethereum’s price trajectory has failed to mirror such optimism, potentially because of selling pressure from the spot market. Related Reading: Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend? Adam went on to characterize many of Ethereum’s most faithful supporters as “delusional,” – especially those who are still longing ETH on the futures market – pointing out that they appear ready to increase their ETH holdings whenever the asset’s value dips. Though his stance was critical, he also acknowledged that this resilience from buyers could set the stage for a more pronounced future move. “At the same time, you can see how delusional these people are, and instead of giving up, they rather buy more every time they have a chance,” he said, capturing both his skepticism toward what he interprets as blind faith and his recognition of a potential trading opportunity in the making. By presenting two possible scenarios—one in which a sudden liquidation event could drive ETH below the $3,000 threshold and another in which the market holds steady until a potential “blind bid” around $2,700—Adam outlined the triggers he believes could define Ethereum’s medium-term trajectory. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery “Because I am some of a retard myself, I think this could set up as a great long with two possible plays, one being a liquidation event sub $3k; if that does not happen, I will probably bid sub $2.7k blindly as we have quite clear support there,” he explained, indicating a willingness to position himself in what he perceives as a high-risk, high-reward environment. This viewpoint of patience and strategic entry has resonated with other technical analysts, notably Ali (@ali_charts), who weighed in with a relatively similar price range in mind. “$2,700 to $2,800 sound like a probable scenario,” Ali stated, reflecting a sentiment that Ethereum may be poised for a correction to around these levels before any significant rebound can take place. Expanding on this, he stated that Ethereum might be tracking along an ascending parallel channel, where temporary price dips can serve as catalysts for larger movements. “If Ethereum is following an ascending parallel channel, a dip to the lower boundary at $2,800 could act as a launchpad for a move toward $6,000,” he commented. At press time, ETH traded at $3,082. Featured image created with DALL.E, chart from TradingView.com