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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

Ethereum has been trading below the $2,800 mark for the past two weeks as selling pressure at this critical level continues to exhaust bullish momentum. Investors remain cautious amid heightened volatility, fearing that Ethereum could extend its losses if it fails to reclaim key levels. Despite the uncertainty, some analysts see a potential breakout on the horizon. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal Top crypto investor Carl Runefelt shared a technical analysis on X, revealing that ETH is currently trading within a 4-hour symmetrical triangle. This pattern suggests that a decisive move is coming, and if Ethereum manages to break out to the upside, it could reclaim key supply levels and push toward $3,000. However, if ETH fails to hold current levels and breaks down from the triangle, further declines could follow. Ethereum has struggled to gain momentum compared to Bitcoin and some other altcoins, raising concerns about its relative weakness in this cycle. Traders are closely monitoring price action, looking for confirmation of the next major move. Whether ETH will break out or see further downside remains uncertain, but the next few trading sessions will likely determine its short-term trajectory. Ethereum Price Testing Crucial Supply Ethereum is attempting to push above the $2,700 mark and hold it as support to confirm the start of a recovery phase. However, the real challenge lies ahead, as the key levels to reclaim remain between $2,800 and $3,000. Analysts warn that if ETH fails to recover these critical supply zones soon, a deeper correction could follow. The market is currently waiting for confirmation in either direction as Ethereum struggles to gain bullish momentum. Carl Runefelt shared a technical analysis highlighting that ETH is trading within a 4-hour symmetrical triangle. This pattern signals an impending breakout, though the direction remains uncertain. Runefelt states that if Ethereum manages to break out to the upside, the immediate target will be the $3,000 resistance level. A breakout above $2,800 would strengthen the bullish case and signal a potential reversal of the recent downtrend. Ethereum has been trading below $3,000 since early February, with selling pressure preventing a breakout. Investor sentiment remains mixed, as some expect ETH to reclaim its bullish trend, while others fear further downside. Volatility remains a major concern, and traders are looking for technical signals to anticipate the next move. Related Reading: Ethereum Historical Indicator Flashes Long-Term Buy Signal – Is History Repeating? The coming days will be crucial for Ethereum as it tries to regain strength. If ETH successfully reclaims the $2,800 mark soon, a bullish breakout into the $3,000 zone becomes inevitable. Traders are closely monitoring price action, looking for confirmation of the next major move. Whether Ethereum will reclaim its bullish momentum or face another leg down remains to be seen. ETH Price Action Details: Technical Levels Ethereum is trading at $2,750 after days of attempting to reclaim the $2,700 level. Bulls are fighting to hold this critical support, as maintaining it could provide the momentum needed for a breakout. If ETH holds above $2,700 and manages to push past the $2,800 mark, it could trigger a bullish surge into higher levels, with $3,000 being the next major target. A move above this level would confirm a reversal of the recent bearish trend and strengthen investor confidence. However, uncertainty remains as selling pressure continues to weigh on ETH. If the price fails to hold above $2,700, bears could regain control and drive the price lower. A breakdown below this level would likely lead to further selling pressure, pushing ETH toward lower support zones. Investors are closely watching for a decisive move, as failure to maintain current levels could result in more pain for holders. Related Reading: Avalanche Holds Key Demand Zone – Analyst Sets $30 Target If Momentum Holds The next few days will be critical in determining Ethereum’s short-term trajectory. A successful reclaim of $2,800 would pave the way for a bullish recovery, while losing $2,700 could lead to a deeper correction. Traders remain cautious, waiting for a clear signal before making their next move. Featured image from Dall-E, chart from TradingView

Ethereum has been struggling below the $2,800 mark for days, unable to reclaim it as support to kickstart a recovery rally. This key level remains a significant barrier for bulls, and as the price continues to consolidate below it, bearish sentiment is growing. Many analysts call for a continuation of the downtrend, reflecting the downbeat mood in the market. Investors, who once believed Ethereum would rally alongside Bitcoin this year, are now showing signs of doubt. Related Reading: Bitcoin Forms Rounding Bottom – Expert Sees Push To $100K Next Week However, not everyone is bearish. Some investors remain optimistic, pointing to signs that Ethereum may be gearing up for a recovery phase. Crypto analyst Ali Martinez recently shared a technical analysis revealing that the TD Sequential indicator has flashed a buy signal on Ethereum’s weekly chart. This rare event has historically indicated the beginning of a significant trend reversal. Martinez points out that whenever this indicator is triggered during the weekly timeframe, Ethereum often follows with strong upward momentum, signaling a potential bullish phase ahead. As Ethereum hovers below the $2,800 resistance, traders and investors are watching closely. If history repeats itself and the TD Sequential signal proves accurate, Ethereum could surprise the market with an aggressive move into higher price levels. Ethereum Prepares For A Recovery Phase Ethereum is testing critical liquidity below the $3,000 level, a significant psychological price point that analysts believe will determine Ethereum’s performance in the coming weeks. This level has become a battleground between bulls and bears, with sentiment in the market remaining highly divided. Retail investors, losing confidence in the potential for a near-term recovery, continue to sell, contributing to downward pressure on the price. Meanwhile, larger players appear to be taking advantage of the dip, accumulating Ethereum at an accelerated pace, signaling confidence in the asset’s long-term potential. Martinez recently shared a technical analysis on X, highlighting a significant historical pattern on Ethereum’s weekly chart. Martinez noted that each time the TD Sequential indicator has flashed a buy signal near the lower boundary of Ethereum’s long-term ascending channel, prices have historically rebounded with strength. This indicator, widely used by traders to spot trend reversals, suggests that Ethereum may be nearing a pivotal moment. According to Martinez, a similar setup is unfolding now as Ethereum consolidates just below key resistance levels. If the TD Sequential signal plays out as it has in the past, Ethereum could be gearing up for a powerful recovery rally. Reclaiming the $3,000 level and holding it as support would mark the first step toward reversing the bearish trend and initiating a long-term uptrend. The coming weeks will be crucial for Ethereum as investors watch for signs of a breakout or a further decline. Related Reading: Dogecoin Adam & Eve Structure Hints At Bullish Potential – Can DOGE Breakout? ETH Consolidates Before A Big Move Ethereum (ETH) is trading at $2,690 after days of sideways trading and market indecision. This period of stagnation has left investors speculating about the short-term direction of ETH, as sentiment remains divided between bullish recovery and further downside potential. The lack of momentum above key resistance levels has contributed to uncertainty, with both bulls and bears struggling to take decisive control. For Ethereum to initiate a recovery uptrend, bulls must reclaim the $2,800 mark as support. This critical level has acted as a key barrier in recent weeks, and breaking above it would pave the way for a push toward the $3,000 mark. A successful move above $3,000, a psychological and technical resistance level, would confirm a reversal of the downtrend and establish bullish momentum in the market. Related Reading: Avalanche Holds Key Demand Zone – Analyst Sets $30 Target If Momentum Holds However, the risk of further downside remains if ETH fails to reclaim the $2,800 level. A retracement could take the price into lower demand zones around $2,500, where stronger support may be found. The next few trading sessions will be critical, as Ethereum’s price action will likely dictate market sentiment and influence its short-term trajectory. Investors are watching closely for a decisive breakout or further consolidation as the market remains uncertain. Featured image from Dall-E, chart from TradingView

Despite a volatile past two weeks, driven by Donald Trump’s proposed trade tariffs and higher-than-expected January 2025 inflation data in the US, Ethereum (ETH) has successfully defended the $2,380–$2,460 demand zone. Now, analysts are eyeing a potential move toward $3,000 for the digital asset. Ethereum Defends Key Demand Zone Amidst Volatility According to an X post by crypto analyst Ali Martinez, ETH has managed to hold above the critical $2,380 – $2,460 demand zone. With no major supply barriers ahead, the cryptocurrency could be on track to reach the $3,000 price target. For the uninitiated, a demand zone in trading is a price area where buying pressure is significantly strong, often leading to price reversals or upward movements. It is identified by historical price action, where demand previously exceeded supply, causing prices to rise. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders Crypto trader Daan Crypto Trades shares a similar outlook on Ethereum’s recent price momentum. According to the trader, while ETH has successfully remained above the $2,500 level, the key hurdle to overcome is the $2,800 price level. They noted: The key level for continuation, and for me to say that this correction is over, would be a retake of that $2.8K level. Flips the market structure locally and has been at an important high timeframe level during this cycle. From a technical perspective, fellow crypto trader Merlijn The Trader highlighted the formation of a ‘textbook double bottom’ on the 5-day Ethereum chart. They further pointed out that ETH’s multi-year trendline remains intact, suggesting that the price structure is primed for an upward breakout. Similarly, seasoned crypto influencer Crypto Rover has identified a potential triple-bottom formation on the weekly Ethereum chart. If this pattern plays out, the $4,000 resistance level will be a crucial barrier for ETH to break before it can attempt a new all-time high (ATH). Is ETH About To Surprise The Market? Ethereum’s below-average price performance over the past year has drawn significant attention in the crypto market. Compared to peers like Solana (SOL), XRP, and SUI, ETH has failed to deliver substantial returns to its holders since reaching its current ATH of $4,878 in November 2021. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts This lackluster performance has fuelled an unprecedented level of bearish sentiment around ETH. A recent report revealed that ETH short positions have surged by 500% since November, highlighting dwindling investor confidence in the asset. However, this excessive bearish sentiment could set the stage for a surprise move. If ETH manages to trigger a short squeeze, it could force the liquidation of numerous short positions, fuelling a sharp upside rally. At press time, ETH trades at $2,740, up 4.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Ethereum has been struggling below the $2,800 mark for weeks, unable to reclaim it as support and spark a recovery rally. This critical resistance level has kept bulls at bay, leaving the price action stagnant and fueling negative sentiment in the market. Analysts call for a bearish continuation, citing Ethereum’s inability to break through key supply zones. The broader market uncertainty and the persistent selling pressure have only added to concerns, making investors increasingly cautious about Ethereum’s short-term prospects. Related Reading: Cardano Echoes 2020-2021 Pattern – Is A Parabolic Rally On The Horizon? However, not everyone is bearish. Some investors remain optimistic that Ethereum could soon enter a recovery phase. Top analyst Ali Martinez recently shared a technical analysis revealing that Ethereum might be showing signs of a potential rebound. Martinez noted that the TD Sequential indicator—a widely used tool for identifying potential trend reversals—has flashed a buy signal on the weekly chart. This indicator, known for its accuracy in pinpointing moments of trend exhaustion, suggests that Ethereum could be nearing a turning point. As Ethereum consolidates at current levels, the coming weeks will be crucial in determining its next move. Will the buy signal lead to a rally, or will bearish sentiment dominate? For now, all eyes are on the $2,800 mark and whether Ethereum can reclaim it. Ethereum Prepares For A Rebound After last week’s dramatic sell-off, Ethereum plummeted from $3,150 to $2,150 in less than two days, shaking the confidence of investors and leaving the market in turmoil. Although the price has since recovered strongly, climbing back into the $2,600–$2,700 range, Ethereum has struggled to reclaim key supply levels, keeping bearish sentiment alive. The road to recovery remains challenging, with ETH needing to break above the $3,000 mark to signal a reversal of the current bearish trend. Top analyst Ali Martinez has provided some hope for Ethereum bulls, sharing positive data on X that suggests a potential rebound may be on the horizon. According to Martinez’s technical analysis, Ethereum is showing signs of recovery as the TD Sequential indicator flashes a buy signal on the weekly chart. The TD Sequential, a well-respected tool in technical analysis, is specifically designed to identify moments of trend exhaustion and signal potential price reversals. A buy signal on the weekly chart is a particularly strong indicator, suggesting that ETH could be nearing a critical turning point. Related Reading: Avalanche Shows Signs Of Recovery As Key Indicator Flashes A Buy Signal – Details If Ethereum manages to step above the $3,000 mark and reclaim it as support, it would confirm a trend reversal and could spark a rally into higher price levels. However, until this key level is breached, uncertainty remains, and bearish pressure could still dominate. For now, the market is watching closely to see if Ethereum can capitalize on these positive signals and regain its footing. The coming weeks will be crucial in determining whether ETH can shake off its bearish trend and resume a path toward recovery. ETH Price Testing Crucial Supply Ethereum is currently trading at $2,695, consolidating after days of ranging between $2,525 and $2,795. The market remains indecisive, with both bulls and bears waiting for a breakout in either direction. Bulls face the critical challenge of reclaiming the $2,800 level as support to gain momentum and push the price toward $3,000. A move above $3,000 would confirm a recovery rally and potentially mark the beginning of a bullish phase for Ethereum. However, the current price levels are crucial to maintaining a recovery phase. Sustaining the $2,600 support level is essential for bulls to build confidence and attract more buying pressure. Losing this level could disrupt the recovery momentum and spark a deeper correction, pushing ETH into lower demand zones that could see it retest levels below $2,500. Related Reading: Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand The next few days will be pivotal for Ethereum’s short-term direction as it continues to hover near key levels. If bulls succeed in reclaiming $2,800 and pushing above $3,000, it could attract renewed interest from buyers and fuel a rally into higher supply zones. Conversely, failure to hold current levels could give bears the upper hand, leading to increased selling pressure and further price declines. For now, Ethereum remains in a critical consolidation phase. Featured image from Dall-E, chart from TradingView

Ethereum has been struggling to regain momentum, trading below the critical $2,800 mark since last Thursday. Bulls are in trouble as the price remains trapped under key supply levels, leaving investors concerned about Ethereum’s short-term future. Many who expected a bullish year for the second-largest cryptocurrency are now questioning their outlook after last week’s massive selling pressure took ETH from $3,150 to $2,150 in less than two days. Related Reading: Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand The recent price action has amplified fear and uncertainty among retail investors, with many continuing to sell amid the market turbulence. However, on-chain metrics tell a different story, signaling growing confidence from larger players. Key data shared by top crypto analyst Ali Martinez reveals that whales have accumulated over 600,000 Ethereum in the past week, even as retail investors remain cautious. This divergence highlights a critical trend in the market—retail investors appear scared and reactive, while big players are quietly buying up ETH at discounted prices. As the market grapples with indecision and volatility, this accumulation by whales could set the stage for a significant shift in momentum. If bulls manage to reclaim the $2,800 and $3,000 levels, Ethereum may begin a recovery rally. For now, all eyes are on whether the divergence will lead to a turning point in ETH’s price action. Ethereum Investors Are Divided: Retail Fears Vs. Whales Trust Ethereum remains in a challenging position after last week’s dramatic sell-off, which saw the price drop from $3,150 to $2,150 in less than 48 hours. Despite a strong recovery back into the $2,700 range, ETH has struggled to reclaim key supply levels, leaving many investors cautious. The price remains trapped below crucial resistance at $2,800, with bulls needing to push above the $3,000 mark to shift the bearish trend and regain market confidence. Key metrics shared by crypto analyst Ali Martinez reveal a promising trend amidst the uncertainty. Whales have accumulated over 600,000 Ethereum in the past week, signaling strong buying activity from big players.  This accumulation trend is a stark contrast to the cautious behavior of retail investors, many of whom continue to sell amid fear and uncertainty. The divergence between whale accumulation and retail selling suggests that large investors remain optimistic about Ethereum’s long-term prospects, even as short-term price action remains shaky. Related Reading: Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs? This whale activity gives hope to investors who believe Ethereum still has the potential to surge this year. A breakout above $3,000, which aligns with the 200-day moving average, could mark a significant turning point for ETH, sparking a rally toward higher price levels. Until then, ETH remains in a critical phase as it navigates between bearish pressure and the potential for recovery. ETH Price Action: Key Levels To Reclaim Ethereum is currently trading at $2,620, attempting to reclaim the $2,700 mark as it battles against key supply levels. Bulls are under pressure to break through resistance at $2,800 and $3,000, as reclaiming these levels would signify a reversal of the daily downtrend that has persisted since late December. The $3,000 mark holds particular significance, as it aligns with the 200-day moving average, a widely watched indicator that signals long-term strength when prices hold above it. A successful push above the $3,000 level could ignite a strong rally, with Ethereum targeting higher price levels quickly. Such a move would restore confidence in the market and signal a potential bullish trend for ETH, which has struggled to regain its footing following last week’s dramatic sell-off. Related Reading: Cardano Is Showing Signs Of A Potential Rebound As Key Indicator Flashes A Buy Signal – Analyst However, if Ethereum fails to hold above the $2,600 mark, the outlook becomes bearish. A breakdown below this level could open the door to further declines, with ETH potentially testing lower demand zones in the coming days. The market remains at a critical juncture, and Ethereum’s ability to reclaim and hold key levels will determine its short-term direction as investors closely monitor the next moves. Featured image from Dall-E, chart from TradingView

After a relatively subdued price performance in 2024, Ethereum (ETH) could be on the verge of a significant breakout. A recent analysis by a well-known crypto analyst suggests that the second-largest digital asset may soon enter what they call its “most hated rally.” Is It Finally Ethereum’s Time To Shine? Since reaching its all-time high (ATH) of $4,878 in November 2021, Ethereum has struggled to regain momentum, while other cryptocurrencies such as Solana (SOL), SUI, and XRP have delivered substantial returns to investors. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts Currently, ETH is trading at $2,649 – only 5.5% higher than its price exactly one year ago. In stark contrast, XRP has surged an astonishing 365% during the same period. Even Bitcoin (BTC), despite its much larger market cap, has recorded a 100% gain in the past year. As a result, investor confidence in ETH appears to be dwindling. Recent on-chain analysis indicates that ETH ‘whales’ – wallets with significant ETH holdings – have been offloading, even at a loss. However, this trend could change dramatically. According to crypto analyst Titan of Crypto, Ethereum’s “most hated rally” could be just around the corner. The analyst draws parallels between Ethereum’s current price action and Bitcoin’s behaviour during its third market cycle between 2018 and 2020. The weekly chart below illustrates the striking similarities between the two assets. According to the analysis, Ethereum is currently in what is known as the “manipulation phase.” If history repeats itself, ETH is likely to enter the “run-up phase” once it decisively breaks through the “re-accumulation phase.”  Notably, the chart also highlights that ETH has faced rejection at a crucial resistance level around $4,000 exactly three times – mirroring Bitcoin’s behaviour during its third market cycle before eventually breaking out. Similarly, another crypto analyst, Ted, has compared Ethereum’s price chart to that of XRP. He notes that XRP remained in a consolidation phase for nearly three years, experiencing little to no price movement, only to surge by 250% within just five weeks. Bullish Signs For Ethereum Despite hedge funds holding a large short position on ETH due to its recent subpar price performance, analysts are optimistic that 2025 will bring joy to the ETH bulls. Related Reading: Ethereum Holds Multi-Year Bullish Pattern – Expert Suggests The Next Move Will Be ‘The Real Deal’ For instance, recent analysis by crypto analyst Kiu_Coin suggests that ETH is on the cusp of an explosive price rally that may send it to $17,000. Another report published in January 2025 projects ETH price to climb to $8,000, outperforming BTC. Another sign of growing confidence in Ethereum is the increasing capital inflow into Ethereum exchange-traded funds (ETFs), outpacing Bitcoin ETFs in recent weeks. This trend indicates renewed optimism and a possible capital rotation into ETH. At press time, ETH trades at $2,649, down 1.1% in the past 24 hours. Featured image from Unsplash, charts from X and 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

Ethereum (ETH), the second-largest cryptocurrency by reported market cap, is facing unprecedented short selling from hedge funds. Notably, short positions in ETH have soared by 500% since November 2024, indicating heightened bearish sentiment toward the digital asset. Institutional Investors Losing Faith In Ethereum? According to a recent post on X by The Kobeissi Letter, Ethereum price is witnessing mounting challenges as short positioning in the cryptocurrency has ballooned in recent times. Notably, ETH short positions are up 40% in the last week, while they are up 500% in the last three months. It is worth highlighting that this is the highest level ever that Wall Street funds have been short Ethereum. Earlier this month, the crypto market got an indication of this bearish ETH positioning, as the digital asset crashed 37% in 60 hours amid Donald Trump’s proposed trade tariffs on Canada, China, and Mexico. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Interestingly, capital inflows to Ethereum exchange-traded funds (ETF) were significantly high in December 2024. In just 3 weeks, ETH ETFs attracted more than $2 billion in new funds, with a record breaking weekly inflow of $854 million. However, hedge funds’ positioning on ETH suggests that they are not very confident in the cryptocurrency’s short-term price outlook. Several factors could be at play for institutional investor’s waning interest in ETH. For instance, ETH is currently trading almost 45% below its current all-time high (ATH) of $4,878 recorded way back in November 2021. In contrast, Bitcoin (BTC) has had a stellar 2024, hitting multiple new ATH, and commanding a market cap that is almost six times larger than that of ETH. The Kobeissi Letter attributes ETH’s current lacklustre price performance to potential “market manipulation, harmless crypto hedges, to bearish outlook on Ethereum itself.” However, the market commentator indicates that this excessive bearish outlook may set ETH up for a short squeeze. They add: 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? ETH Short Squeeze To Initiate Altseason? A short squeeze on ETH could teleport its price to as high as $3,000, or even $4,000. However, according to seasoned crypto analyst Ali Martinez, ETH must defend the $2,600 support level to climb higher. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery Recent reports indicate that ETH has likely bottomed, paving the way for a trend reversal to the upside. Another report by Steno Research suggests that ETH is likely to outperform BTC in 2025, with potential targets as high as $8,000. That said, concerns still remain about the Ethereum Foundation regularly dumping ETH. At press time, ETH trades at $2,661, up 0.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally.  The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year. Related Reading: Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits – Is The Next Rally Near? Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared a technical analysis revealing that Ethereum is still trading within a multi-year ascending triangle, a bullish chart pattern that could signal a significant move higher. This pattern suggests Ethereum may just be consolidating before a potential breakout into higher prices. Historical patterns have shown that ascending triangles often lead to explosive price moves when key resistance levels are breached. As ETH trades near critical support levels, the coming days will be crucial for determining its short-term direction. Investors are watching closely to see if this bullish pattern holds and whether Ethereum can regain momentum, potentially sparking a recovery that could restore confidence in the market. Ethereum Prepares For A Decisive Move Ethereum appears to be gearing up for a decisive move as it struggles to reclaim momentum amid a challenging market environment. Investors are growing increasingly frustrated with Ethereum’s lackluster price action, and optimism for a rally is fading.  Compared to Bitcoin and other altcoins like Solana, Ethereum has been underperforming, leaving bulls with little control over the price action. The constant selling pressure has dampened hopes for a recovery, leading many to question whether Ethereum can regain its footing. However, not all hope is lost. Top analyst Jelle recently shared a technical analysis on X, pointing out that Ethereum is still trading within a multi-year ascending triangle—a bullish pattern that historically precedes explosive moves.  According to Jelle, Ethereum’s price has faked out on both sides of this structure, a behavior that often suggests the next move will be the real deal. This technical setup indicates that Ethereum is building energy for a significant breakout or breakdown. Related Reading: Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns Jelle also highlights the $4,000 mark as a critical supply zone. Ethereum has tested this level three times without success, but he believes the fourth attempt could finally break through. If Ethereum can clear this key resistance, it would mark a turning point and potentially ignite a rally into price discovery, restoring confidence among investors. Price Analysis: Key Levels To Hold Ethereum is currently trading at $2,650 after several days of selling pressure and market uncertainty. The price has struggled to reclaim the $2,800 mark since last Wednesday, reflecting a bearish sentiment that has dominated ETH’s price action since late December. Bulls are facing increasing challenges as the momentum remains on the side of the bears, and confidence among investors continues to weaken. To reverse the ongoing downtrend, bulls need to hold the $2,600 level as strong support. This price has acted as a key demand zone in the past and could provide the foundation for a recovery. However, simply holding this level is not enough—Ethereum must also reclaim the $2,800 mark and, more importantly, break above the $3,000 level to signal a shift in market sentiment. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence If Ethereum can hold above $2,600 and successfully reclaim both the $2,800 and $3,000 levels, it could spark a push into higher supply zones. A move like this would provide the momentum needed for bulls to regain control and potentially drive ETH toward stronger resistance levels. However, failing to hold $2,600 could open the door to further downside, with the next critical support levels significantly lower. Featured image from Dall-E, chart from TradingView

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 experienced its most aggressive selling pressure in history last Monday, with the price plunging 25% in a single day. This dramatic drop shook the entire market, leaving investors on edge. However, Ethereum quickly rebounded, erasing the entire drop within hours, sparking optimism for a recovery. Despite the swift rebound, Ethereum now faces significant risks as it trades slightly below a critical resistance level, raising concerns about its ability to maintain upward momentum. Related Reading: Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns Top crypto analyst Daan shared a technical analysis highlighting that Ethereum is once again respecting the $2,800 level but failed to push through on its first test. This resistance level has become a focal point for bulls, as reclaiming it is essential for any sustained recovery. According to Daan, the $2,800 mark is crucial in determining Ethereum’s next move, with the potential to either reignite bullish momentum or lead to further consolidation and declines. With the market still grappling with uncertainty, all eyes are on Ethereum’s ability to reclaim this key level. Bulls must hold strong to prevent another wave of selling pressure, as the coming days will likely shape the cryptocurrency’s short-term trajectory and determine if it can sustain its recovery. Ethereum Prepares For Decisive Move Below $2,800 Ethereum is trading below the $2,800 mark, and it appears to be gearing up for a decisive move that will shape its short-term direction. Investor sentiment around Ethereum remains bearish, with many growing frustrated by its inability to reclaim key levels. Hopes for a rally for the second-largest cryptocurrency are dwindling as price action continues to disappoint. Daan shared a technical analysis on X, highlighting Ethereum’s repeated failure to break through the $2,800 resistance level. “ETH is respecting the $2.8K level as resistance yet again and failed to push through on the first test back up there,” Daan stated.  The current price action leaves Ethereum in a kind of “no man’s land,” making it essential to determine where a higher low might be created. This higher low could serve as a foundation for either a range-bound movement or a potential breakout. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence Daan suggests that from this point, Ethereum might form a range, which will help reassess its next move. The coming days will be crucial for Ethereum as traders and investors closely monitor whether the cryptocurrency can establish support at lower levels or stage a breakout above $2,800. Failing to reclaim this key level could prolong the bearish trend and lead to further declines, while a successful breakout could spark renewed bullish momentum. Price Struggles Below Key Resistance Levels Ethereum is currently trading at $2,640 after failing to push above the $2,700 mark since Friday. Bulls appear to have lost momentum, with the price facing strong resistance between $2,700 and $2,800. This key supply zone has capped Ethereum’s upward movement, leaving the market in a state of uncertainty. To regain bullish momentum, Ethereum must find strong demand at current levels and break above this critical resistance zone. Reclaiming these levels as support would be the first step toward reversing the bearish trend that has gripped the market since late January. Without such a move, Ethereum remains vulnerable to further downside risks. If Ethereum fails to hold above $2,600 in the coming days, the price is likely to experience a deeper correction. A drop below this level could push ETH into lower demand zones, testing support around $2,500 or lower. Traders and investors will be closely watching the $2,600 level as a critical threshold for Ethereum’s next move. Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip For now, the outlook remains bearish, and the coming days will be crucial in determining whether Ethereum can muster the strength to reclaim key levels or whether further declines are on the horizon. Featured image from Dall-E, chart from TradingView

Ethereum experienced one of the most aggressive sell-offs in its history on Monday, plunging 25% in a single day amid market-wide panic. The rapid decline sent shockwaves through the crypto space, marking one of the most volatile trading sessions ever recorded for ETH.  Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level However, within hours, the price rebounded, erasing nearly the entire drop and stabilizing above key support levels. Despite this swift recovery, Ethereum now faces serious risks as it trades slightly below a crucial resistance level, leaving investors uncertain about its next move. Top analyst Daan shared a technical analysis on X, revealing that both Bitcoin and Ethereum are currently in consolidation, attempting to form a higher low after the dramatic market flush from this weekend. He noted that this phase is critical for determining the next major trend, as holding above current levels could signal the beginning of a new bullish leg.  Failure to establish strong support could lead to further downside, putting Ethereum at risk of another correction. With uncertainty still looming, all eyes are on ETH’s ability to reclaim lost ground and establish momentum for a potential breakout in the coming days. Ethereum Prepares for a Decisive Move Amid Uncertainty Ethereum is currently trading below the $2,800 mark, struggling to gain momentum after last week’s historic volatility. The recent price action has left investors frustrated, as hopes for a strong rally continue to fade. While Bitcoin has shown relative strength, Ethereum remains stuck in a tight range, unable to break above key resistance levels. The uncertainty in the market has led to a decline in investor confidence, with many questioning whether ETH will be able to reclaim its bullish structure anytime soon. Top analyst Daan shared a technical analysis on X, revealing that consolidations are forming everywhere. He noted that BTC, ETH, and most altcoins are displaying similar patterns—attempting to establish a higher low after the aggressive flush from the weekend. According to Daan, if Ethereum successfully breaks above its consolidation channel, it could gain the momentum needed to push above key supply levels and start a new bullish phase. However, failure to do so could lead to more downside pressure. The coming weeks will be crucial for Ethereum’s price trajectory. If ETH can hold above $2,700 and push toward $3,000, it may spark renewed interest from investors. However, continued failure to reclaim key resistance levels could push Ethereum into deeper consolidation, further frustrating market participants. Related Reading: Ethereum Is Testing Key Support on the ETH/BTC Chart – A Parabolic Move Could Be Next Despite short-term uncertainty, institutions are continuing to accumulate ETH, recognizing its long-term value. Historically, these periods of consolidation have been followed by explosive price movements. Price Struggles Below $2,900  Ethereum is currently trading at $2,750 after days of consolidation below the $2,900 mark. Despite multiple attempts to push higher, ETH has struggled to reclaim key resistance levels that would signal a shift in momentum. The price action remains uncertain, with bulls attempting to hold the $2,700 support zone while looking for a breakout above the $2,800 mark to regain short-term control. The most critical resistance level remains the $3,000 mark. If Ethereum can successfully push above this price and turn it into support, it will open the door for a rally into higher supply levels. This would strengthen the bullish case and potentially trigger a move toward $3,300 or higher. Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum On the downside, holding above $2,700 is crucial for avoiding further selling pressure. If ETH fails to defend this level, a drop toward $2,600 or even $2,500 could be the next move. However, as long as Ethereum remains within this consolidation range, traders will continue to watch for a decisive breakout. A close above $2,800 in the coming days would be the first sign that bulls are gaining momentum and that a new uptrend is beginning. Featured image from Dall-E, chart from TradingView

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

Ethereum experienced one of the craziest days in its history last Monday, plunging over 30% in less than 24 hours amid widespread market panic fueled by U.S. trade war fears. However, within hours, ETH staged an impressive recovery following President Trump’s announcement of negotiations with Canada and Mexico to ease tariff concerns. This sharp rebound has reignited optimism among investors, with many now closely watching Ethereum’s next move. Related Reading: Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range Despite the recent volatility, top analyst Jelle shared a technical analysis revealing that Ethereum is still trading within a massive bullish pennant that has been forming since 2021. This long-term structure suggests that ETH remains in a consolidation phase, building momentum for a breakout. According to Jelle, once Ethereum decisively breaks out of this pattern, a massive rally into price discovery is expected. As the market stabilizes and investors reassess their positions, ETH remains one of the most closely watched assets. While short-term price action is unpredictable, the long-term bullish structure provides strong support for Ethereum’s growth potential. Traders and analysts alike are now looking for key technical signals that could confirm a breakout and propel ETH into new all-time highs. Ethereum Struggles Below Key Supply Levels Ethereum is currently facing serious selling pressure, struggling to reclaim the crucial $3,000 mark. Bulls are in trouble as ETH remains trapped below this level, leading to heightened uncertainty and volatility in the market. Related Reading: Ethereum Is Testing Key Support on the ETH/BTC Chart – A Parabolic Move Could Be Next  Every day that Ethereum trades below $3,000 increases the likelihood of a deeper correction, as traders remain cautious and sentiment weakens. The inability to gain momentum above this psychological level has left investors concerned about ETH’s short-term direction. However, despite the ongoing struggles, top analyst Jelle shared a technical analysis on X, revealing that Ethereum is still trading inside a massive bullish pennant. According to Jelle, ETH has deviated from both the highs and the lows of the pattern, and now the market is setting its direction to tag key supply levels. This means that while short-term price action remains uncertain, Ethereum’s long-term structure suggests that a breakout could be on the horizon. Jelle believes that once Ethereum manages to push above the bullish structure, a break above the $4,000 mark will follow. This breakout would confirm a rally into price discovery, setting the stage for Ethereum to reach new all-time highs. While bears remain in control for now, the long-term bullish formation suggests that ETH could be gearing up for a major move in the coming months. Price Action Details: Technical Levels  Ethereum is currently trading at $2,820, still unable to test the critical $3,000 level. Price action remains weak, as ETH struggles to break above the $2,900 mark, which has now turned into a short-term supply zone. The failure to push higher signals that bulls are losing momentum, and the market remains in a state of uncertainty. If Ethereum loses the $2,800 support level, a deeper correction could unfold, potentially dragging the price down to the $2,500 region. This would be a significant setback for bulls, as it would confirm further downside pressure and could extend the current consolidation phase. On the other hand, if ETH manages to reclaim the $3,000-$3,100 level in the coming days, it would signal renewed bullish momentum. A successful breakout above this range could ignite a massive surge, pushing Ethereum toward higher supply levels and setting the stage for a potential run toward $3,500 and beyond. Related Reading: ‘Solana Breakdown Fails’ – Holding $205 Is Crucial To Trigger a Push Higher For now, Ethereum remains at a crucial juncture, with price action signaling both risk and opportunity. Traders and investors are closely watching key resistance and support levels, as ETH prepares for its next major move. Featured image from Dall-E, chart from TradingView

Ethereum experienced one of the most chaotic trading days in its history last Monday, as it plunged over 30% in less than 24 hours amid escalating U.S. trade war fears. However, the market quickly rebounded after President Trump announced negotiations with Canada and Mexico, leading to a sharp recovery across crypto assets. Related Reading: Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range Despite this rebound, Ethereum remains significantly weaker than other altcoins, raising concerns about how long this underperformance will last. Investors are closely watching price action, as ETH continues to trade at historically low levels relative to Bitcoin and other altcoins. Top analyst Carl Runefelt shared a technical analysis on X, revealing that Ethereum is holding onto a key horizontal support level on the ETHBTC chart. This suggests that ETH could be at a turning point, with a potential opportunity for recovery if bulls step in. However, failure to hold this level could indicate further downside ahead. With Ethereum lagging behind its peers, sentiment remains mixed, and market participants are waiting for a clear confirmation of trend direction. Will ETH finally start catching up, or is another leg down still on the table? The next few weeks will be crucial. Ethereum Faces Uncertainty After Record Liquidations Ethereum has struggled after one of the most brutal liquidation events in crypto history, with over $8 billion wiped out from the market between Sunday night and Monday. ETH was one of the hardest-hit assets, with price action looking weak and uncertain compared to Bitcoin. This has sparked concerns among analysts, who fear Ethereum’s underperformance could continue. However, top analyst Carl Runefelt remains optimistic. He shared a technical analysis on X, revealing that Ethereum is holding a crucial horizontal support level on the ETHBTC chart around 0.028. Runefelt believes that if ETH bounces from this level, it could trigger a massive parabolic move, marking the beginning of a long-awaited altseason. Ethereum has lagged behind BTC since late 2021, failing to reclaim its dominance despite multiple market rallies. While Bitcoin continues to flirt with all-time highs, ETH remains far from its previous peak, and many traders are now questioning whether Ethereum can regain its strength. Related Reading: ‘Solana Breakdown Fails’ – Holding $205 Is Crucial To Trigger a Push Higher For now, Ethereum remains at a make-or-break level, with key support holding but pressure building. If ETH manages to surge from this zone, it could lead to a strong recovery and shift market sentiment. However, failure to hold support could mean further downside ahead. Can Bulls Reclaim Momentum? Ethereum is trading at $2,780 after testing two critical moving averages—the 200-day moving average at $2,482 and the 200-day exponential moving average at $2,288. These indicators have been key long-term support levels since July 2020, confirming that Ethereum’s macro trend remains intact despite recent volatility. For Ethereum to reverse the short-term bearish trend, bulls must reclaim the $2,800 mark and hold it as support. This level is a psychological and technical barrier that would signal renewed strength. A push above $3,000 is the next critical step, as breaking this resistance would shift sentiment from bearish to bullish and trigger a move into key supply zones. If Ethereum fails to reclaim these levels, the market could see another wave of selling pressure, pushing ETH back toward lower demand areas. However, historical trends suggest that when ETH holds above these moving averages, it often leads to strong rallies.  Related Reading: Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run Investors are watching closely to see if Ethereum can recover and reestablish its bullish momentum. A breakout above $3,000 would set the stage for a push toward higher resistance levels, potentially leading to a major rally in the coming months. Featured image from Dall-E, chart from TradingView

Despite Ethereum (ETH) recently losing the critical $3,000 threshold due to broader cryptocurrency market corrections influenced by escalating regulatory tensions between the US and China, optimism for the leading altcoin persists.  As of now, Ethereum has rebounded nearly 10%, trading just above $2,800, which places it above key support levels that could pave the way for new record highs in this bullish cycle. Critical $2,700 Level: Key For ETH’s Bullish Structure Throughout this market cycle, Ethereum has struggled compared to its peers. With a year-to-date (YTD) increase of only 21%, it has significantly lagged behind other cryptocurrencies like Solana (SOL) and XRP, which have recorded impressive gains of 120% and 420%, respectively. Despite this, crypto analyst Ali Martinez has pointed out that Ethereum must maintain the $2,750 support level to establish a foundation for a potential surge to $6,760.  In another analysis, Martinez noted that if Ethereum forms a head-and-shoulders pattern—a common technical chart pattern—the altcoin needs to stay above $2,700 to preserve its bullish structure, with a target of reaching $7,000.  This indicates that the $2,700 level is pivotal for Ethereum’s potential to achieve a new record high, suggesting a possible 150% increase if these scenarios materialize. Another analyst, known as Morecryptoonl, cautioned that the market lacks substantial structure at present, indicating that a break above the recent local low of $2,909 would signify a more stable price environment. He emphasized the importance of maintaining support above $2,236 for a more robust recovery. Trump Family Backs Ethereum Adding to the optimism, the Trump family has shown notable support for Ethereum. World Liberty Financial (WLFI) recently purchased an additional 1,826 ETH, amounting to approximately $5 million.  According to Lookonchain data, with a total investment of 61,114 ETH for $205 million at an average price of $3,354, WLFI has sustained a loss of about $31 million on this position. Moreover, Trump’s crypto venture also transferred significant amounts of various cryptocurrencies, including 86,296 ETH ($235 million) and 647 WBTC ($65.5 million), to Coinbase Prime, indicating a strategic positioning within the crypto market. Further bolstering Ethereum’s prospects, recent ETF flows reveal a noteworthy trend: while approximately 2,400 BTC were sold on February 3, ETH exchange-traded funds (ETFs) saw net inflows of $83.6 million.  This contrasts sharply with the $234.4 million in net outflows from Bitcoin ETFs, suggesting that institutional investors are increasingly confident in Ethereum’s future, despite recent price corrections. Trading at $2,819, ETH is down as much as 21% on a monthly basis, with a 42% gap to its all-time high of $4,878 reached during the 2021 bull run. Featured image from DALL-E, 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 faced a brutal capitulation event on Sunday, plummeting over 30% in less than 24 hours as market-wide panic took hold. The dramatic sell-off was fueled by growing fears of a U.S. trade war, sending shockwaves across the crypto space and causing Bitcoin and major altcoins to drop significantly. ETH, which had been struggling to reclaim key levels, saw a sharp decline, shaking investor confidence and raising concerns about its long-term trend. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means Top analyst Ali Martinez shared a technical analysis, revealing that Ethereum is forming a long-term head-and-shoulders pattern. According to Martinez, ETH must hold above the crucial $2,700 level to maintain its bullish structure and prevent a deeper correction. A breakdown below this level could trigger an extended bearish phase, further delaying ETH’s potential rally toward new highs. With volatility at extreme levels and uncertainty dominating the market, Ethereum’s next move will be critical. If bulls manage to defend key support, ETH could stage a strong recovery, but failure to hold could lead to even more downside. As investors assess the damage from this weekend’s crash, all eyes remain on whether ETH can stabilize and reclaim momentum in the coming days. Ethereum Faces A Key Challenge Yesterday, the crypto market witnessed the largest liquidation event in its history, with over $2 billion wiped out in just a few hours. Fear has taken over, and investors are bracing for extreme volatility this week as the U.S. market reacts to escalating trade war tensions. With uncertainty dominating the landscape, Ethereum has been one of the most impacted assets, shedding a significant portion of its value as panic selling intensified. Ethereum’s price plummeted over 37% since last Friday, marking one of its sharpest declines in recent years. The dramatic downturn has led analysts to question whether ETH can maintain its long-term bullish structure or if a deeper correction is imminent.  Top crypto expert Ali Martinez shared a technical analysis on X, revealing that Ethereum appears to be forming a long-term head-and-shoulders pattern. If this pattern is confirmed, ETH must hold above the critical $2,700 mark to keep its bullish structure intact. Losing this level could trigger a deeper selloff, potentially pushing prices toward lower demand zones before any recovery takes place. However, if bulls successfully defend this crucial support, Ethereum could still have a shot at reclaiming lost ground and targeting its long-term goal of $7,000. The coming days will be pivotal in determining ETH’s trajectory as traders assess whether this is a temporary shakeout or the beginning of a prolonged downtrend. Related Reading: Solana Will Drop To $211 If It Fails To Break Key Resistance Level – Analyst As macroeconomic fears and trade war tensions continue to influence market conditions, Ethereum’s price action will be a key indicator of broader investor sentiment. This week will likely set the tone for ETH’s movement in the coming months, making it a defining moment for the second-largest cryptocurrency. Price Action Details: Key Levels To Watch Ethereum (ETH) is currently trading at $2,595 after an extremely volatile Sunday that saw its price plummet to as low as $2,150. The drastic drop has left bulls in a precarious position, as ETH has lost all major support levels and is now searching for demand to stabilize. With the market shaken and fear-dominant sentiment, ETH must hold above the $2,600 mark in the coming days to have a chance at recovery. However, after such a massive liquidation event, regaining bullish momentum may take time, and the likelihood of further downside remains high. Traders and investors are watching key levels closely as Ethereum struggles to find its footing. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum – Metrics If ETH manages to reclaim the $2,800 level and push above $3,000, confidence could return to the market, signaling the first steps of a recovery. Until then, uncertainty remains the dominant force, and the potential for another leg down cannot be ruled out. The next few days will be crucial in determining whether Ethereum can bounce back or if it will continue its decline toward lower support levels. Featured image from Dall-E, chart from TradingView

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

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

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

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

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

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

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

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

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