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Echoes Of 2020: Ethereum Signals Possible Bullish Rally After Reclaiming $2,600

Ethereum (ETH) has recently experienced a significant resurgence, reaching a three-week high of $2,600 after a notable spike on Wednesday. This uptick comes at a time when a key company is considering ETH as a potential treasury reserve asset, underscoring renewed interest in the cryptocurrency.

Forecasting $7,000 Potential

Despite being one of the poorer performers among the top ten cryptocurrencies, with a year-to-date decline of 24%, Ethereum’s recent 6% surge has allowed it to outpace competitors, including Bitcoin (BTC), which is close to its all-time high. 

Crypto analyst Alek Carter has also expressed a bullish outlook on Ethereum (ETH), drawing parallels between the current price patterns and those observed in 2020. 

He describes the recent movements in ETH’s chart as reminiscent of the “dead cat bounce” phenomenon—a term used to describe a temporary recovery in price after a significant decline—followed by a final retest before a substantial upward trend.

Carter points out that Ethereum underwent a similar trajectory in 2020, where it initially experienced a dip before rebounding sharply to reach a peak of over $3,500. 

He believes that the recent completion of what he terms the “final retest” suggests that Ethereum is poised for another significant rally. If the current setup mirrors the previous cycle, Carter anticipates that ETH could potentially reach a new high of $7,000.

Bullish Sentiment For Ethereum

The bullish sentiment surrounding ETH is further reflected in the performance of stocks associated with the cryptocurrency. BitMine, a Bitcoin mining company that recently announced plans to make ETH its primary treasury reserve, saw its stock soar by about 20%, with an increase of over 1,000% since the announcement. 

Similarly, SharpLink Gaming, which has adopted an ETH treasury strategy, experienced an 11% rise, while Bit Digital, which shifted its focus from Bitcoin mining to Ethereum treasury and staking, gained more than 6%.

Moreover, the recent interest in ETH is evident in the performance of Ethereum ETFs, which saw inflows of $40 million on Tuesday, led by BlackRock’s iShares Ethereum Trust. A

Experts also highlight that ETH’s smart contract capabilities have established it as a leading platform for the tokenization of traditional assets, including US dollar-pegged stablecoins. 

The ‘Backbone’ Of Stablecoins?

Fundstrat’s Tom Lee characterized Ethereum as “the backbone and architecture” of stablecoins, given that issuers like Tether (USDT) and Circle’s USD Coin (USDC) operate on its network. Additionally, BlackRock’s tokenized money market fund, known as BUIDL, launched on Ethereum last year.

Tokenization itself represents a transformative process, allowing digital representations of publicly traded securities and real-world assets to be issued on blockchain networks. 

While holders of tokenized assets do not possess outright ownership, the mechanism opens up new avenues for investment and asset management.

The latest wave of interest in Ethereum and related assets follows Robinhood’s announcement to enable trading of tokenized US stocks and ETFs across Europe. 

This development comes on the heels of a growing interest in stablecoins, spurred by Circle’s IPO and the Senate’s passage of the GENIUS Act, a proposed stablecoin bill that aims to provide a new framework for these assets to integrate in the broader financial landscape.

Ethereum

Featured image from DALL-E, chart from TradingView.com

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BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury

Tom Lee, the market strategist known for his insightful predictions on Bitcoin (BTC) and broader crypto prices, has taken on the role of chairman of the board at BitMine Immersion Technologies, a Bitcoin mining company now setting its sights on becoming the largest publicly traded holder of Ethereum (ETH). 

Tom Lee Appointed Chairman At BitMine

Lee’s appointment comes alongside an ambitious plan to raise $250 million in a private placement aimed at implementing a strategy that positions Ethereum as the primary treasury reserve asset, while still maintaining its core Bitcoin mining operations.

This initiative reflects a growing trend within the financial services sector, where the convergence of traditional finance and cryptocurrency is gaining momentum, further highlighted by President Trump’s decision to establish a strategic crypto reserve. 

Lee highlighted this shift during an appearance on CNBC’s “Squawk Box,” stating, “The financial services industry and crypto are converging, and it really started with stablecoins.” 

Lee likened stablecoins to the “ChatGPT of crypto,” emphasizing their widespread adoption among consumers, businesses, and financial institutions, including major players like Visa. 

Interestingly, stablecoins have gained a major victory in Congress last week with the passage of the GENIUS Act which aims to provide a new regulatory framework for these crypto assets.

Transforming Into An Ethereum Treasury Powerhouse

According to Lee, Ethereum serves as the foundational architecture for stablecoins, making it crucial for BitMine to accumulate ETH in order to influence and secure its position within the network. 

The company’s strategy will include monitoring the value of Ethereum held per share as a key performance metric, akin to Strategy’s (previouisly MicroStrategy) well-known “BTC Yield” metric for Bitcoin. 

During his interview, Lee explained that BitMine plans to enhance the value of ETH per share through reinvestment of cash flows, capital market activities, and the appreciation of Ethereum itself.

As more companies explore treasury management strategies beyond Bitcoin, BitMine is not alone in its pivot. It joins other firms like SharpLink Gaming, which initiated its own Ethereum treasury strategy earlier this year, and DeFi Development, which is focusing on Solana. 

This announcement sparked a major surge for the Bitcoin mining company which started the day with a market capitalization of just $26 million. However, following Lee’s interview, the number skyrocketed beyond the $200 million mark.  

BitMine’s stock, trading under the ticker name BMNR, also saw a major surge on Monday closing the day at $33.90 per share. According to Yahoo Finance data, this means a nearly 700% surge for the mining firm’s shares. 

BitMine

On the other hand, Ethereum has retraced 1% below the key $2,500 level in the 24-hour time frame to its current price of $2,470 per token.

Featured image from DALL-E, chart from TradingView.com 

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Top Analyst Predicts Major Ethereum Rally Toward $4,000 As Shorts Hit All-Time Highs

As the market’s second largest cryptocurrency, Ethereum (ETH), struggles to maintain momentum above the crucial $2,500 threshold, one analyst believes that ETH is poised for a significant rally. 

In a recent post on social media platform X (formerly Twitter), crypto analyst Cyclop expressed a bullish outlook, labeling the current market conditions as the best long setup for Ethereum he has seen in years.

Analyst Sees $4,000 Target This Summer

Cyclop highlighted that Ethereum short positions have reached all-time highs, a situation reminiscent of a previous spike that occurred just weeks ago. 

The analyst noted that liquidity has been swept on both sides, creating a scenario where market uncertainty may actually benefit Ethereum. “Most doubt ETH and altcoins right now—I’m betting on $4,000 this summer,” he stated confidently.

Cyclop outlined several key factors driving his optimistic stance. First, he pointed to the recent Pectra update, which has reinvigorated interest in Ethereum by enhancing transaction capabilities, updating security features, and improving staking options. This update has reportedly led to increased demand, contributing to a potential price surge.

Moreover, Cyclop emphasized the broader macroeconomic landscape, noting that cryptocurrency adoption is accelerating beyond Bitcoin (BTC), with Ethereum taking a prominent role. 

The analyst suggests that major corporations and banks are beginning to purchase and stake Ethereum, further boosting trust and interest in the digital asset which could ultimately result in more demand and more price uptrends.

Ethereum Rallies May Trigger Altcoin Boom

On-chain metrics also favor Ethereum, with the cryptocurrency ranking highly in various categories, according to Cyclop. It currently stands as the second-highest by fees, leads in bridged net flows, and ranks third in stablecoin supply changes, showcasing its robust market position.

Another critical aspect of Cyclop’s analysis concerns altcoins and the upcoming altseason, traditionally characterized by a rush of investment into Ethereum before spilling over into smaller tokens. 

He pointed out that historical patterns indicate that Ethereum price rallies often trigger broader altcoin surges, and the current market sentiment suggests that many altcoins are at their lowest ebb.

While Cyclop acknowledges that a majority of altcoins may face significant challenges, he argues that ETH remains undervalued, especially with Bitcoin trading near $100,000. 

He has made strategic moves, reallocating some of his Bitcoin holdings into Ethereum and promising strong altcoins. His initial target for Ethereum is $3,000, where he plans to take profits, followed by a series of sell orders between $4,000 and $6,000.

Ethereum

As of press time, ETH trades at $2,500, a 12% price increase in the weekly time frame. 

Featured image from DALL-E, chart from TradingView.com 

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Bullish Signs For Ethereum: Metrics Pointing To Upcoming Breakout

The Ethereum (ETH) price experienced a significant decline on Thursday, falling over 7% and approaching the $2,400 mark. However, expert analysis suggests that a new bullish trend may soon emerge for the second-largest cryptocurrency. 

Key Metrics Indicate Accumulation By Larger Investors

Market analyst Lark Davis took to social media platform X (formerly Twitter) to share insights on Ethereum’s potential. He noted that various on-chain metrics and market behaviors indicate an impending breakout for the ETH price. 

Notably, Ethereum has been outperforming Bitcoin (BTC) in the second quarter of the year, suggesting growing investor confidence. The recent Pectra upgrade has improved Ethereum’s scalability and reduced its inflation rate, making it more attractive to investors. 

Additionally, the expert highlights that with exchange balances hitting seven-year lows and substantial inflows into Ethereum exchange-traded funds (ETFs), it appears that larger investors are accumulating ETH for the long term.

Despite these bullish indicators, Davis cautioned that not all market participants share this optimistic outlook. Betting markets on Polymarket currently assign only a 27% chance that Ethereum will reach a new all-time high by 2025. 

Critical Support For Ethereum Amid Political Disputes

The broader cryptocurrency market also faced challenges on Thursday, with total market capitalization dropping from $3.30 trillion to approximately $3.12 trillion. Bitcoin, XRP, and Solana (SOL) were among the notable cryptocurrencies experiencing losses, retracing by 3%, 5%, and 6%, respectively.

In a separate but related development, tensions between US President Donald Trump and his former adviser Elon Musk have surfaced, adding to the day’s market volatility. 

Trump expressed disappointment over Musk’s criticism of a key tax and spending bill from his administration, suggesting that their “great relationship” may be nearing its end. Musk retaliated by accusing Trump of ingratitude, claiming his support was instrumental in Trump’s election victory. 

This public dispute has drawn attention to the intersection of US politics and cryptocurrency, a dynamic that market analyst Income Sharks noted in a recent post on Elon Musk’s social media site, X. 

The analyst remarked on the swift impact of political conflicts on crypto markets, emphasizing that the Ethereum price has not yet lost critical support levels. 

Income Sharks, in his analysis, identified the $2,390 mark as a crucial support point for the altcoin in the immediate term, which could determine the next upward targets of $3,000 and $4,000.

Ethereum

While trading at $2,406 when writing, Ethereum finds itself well below its all-time high reached during the market’s last bullish cycle in 2021. As of now, the altcoin stands 50% below its record of $4,878, according to CoinGecko data.

Featured image from DALL-E, chart from TradingView.com 

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Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question

After a strong rally that pushed Ethereum to a local high of $2,730, the asset has retraced over 10%, now testing key support levels as the market cools off. The correction comes after days of heavy buying pressure and growing expectations of a broader altseason. However, the recent pullback has sparked debate among analysts and traders, with sentiment now split between those anticipating another leg up and others preparing for a deeper correction.

Some believe this pause is healthy and necessary before Ethereum resumes its uptrend. Others argue that ETH could retest lower zones, especially if Bitcoin remains range-bound. Top analyst Daan weighed in by highlighting the ETH/BTC pair, pointing out that Ethereum, after its big move up, is now facing resistance around the 0.026 BTC level.

With Ethereum still trading far below its all-time high and caught in a wide macro range, the coming days may prove decisive. Whether this is just a short-term cooldown or the start of a larger correction, Ethereum’s current levels will likely dictate the momentum heading into the next phase of the market.

Ethereum Holds Critical Support As ETH/BTC Pair Faces Key Resistance

Ethereum continues to show resilience despite recent volatility, maintaining its position above the $2,400 level. This zone now acts as crucial support, and bulls must defend it to preserve the broader bullish momentum. While price action has cooled slightly following its sharp run to $2,730, ETH remains one of the stronger performers in the market, holding up well amid increased uncertainty and speculative positioning.

Much of the current optimism hinges on Ethereum’s performance relative to Bitcoin. If ETH continues to outperform BTC, analysts believe it could trigger the long-awaited altseason — a market phase where altcoins significantly outperform Bitcoin. Daan shared insights on this dynamic, focusing on the ETH/BTC ratio, which has gained notable strength in recent sessions.

Ethereum finds resistance at the 0.026 mark | Source: Daan on X

According to Daan, ETH has now run into resistance near the 0.026 level after a sharp rally. For bullish momentum to continue, ETH must hold above 0.0224. A break below this key support could trigger a slow bleed and potentially unwind the entire recent move. On the upside, a clear break above 0.026 would open the door to a move toward 0.03 and beyond.

In short, Ethereum’s short-term direction will likely be shaped by its ability to hold $2,400 and maintain strength against Bitcoin. If both conditions are met, the case for a sustained altcoin rally grows significantly stronger.

ETH Pulls Back Into Support After Failing To Break $2,700

Ethereum is currently trading at $2,485, following a sharp retracement from its recent local high near $2,730. The chart shows that ETH failed to hold above the 200-day simple moving average (SMA) at $2,701, which acted as a strong resistance zone. After days of sustained upward momentum, this rejection has pushed the price back toward the 200-day exponential moving average (EMA) around $2,438 — a key level that now serves as immediate support.

ETH trading below the 200-day SMA | Source: ETHUSDT chart on TradingView

Volume has remained elevated during this move, suggesting active participation from both bulls and bears. Despite the rejection from the 200 SMA, Ethereum is still holding well above its breakout zone from early May, where the price surged from under $2,000. If bulls can defend the EMA and keep price above $2,400, this could form a higher low and set the stage for another attempt at reclaiming the $2,700–$2,800 area.

However, if ETH loses the $2,400 level, momentum could shift in favor of the bears, potentially triggering a larger correction. For now, Ethereum remains in a consolidation phase within a broader bullish structure. The next few daily closes will be critical to confirm if the pullback is healthy or a signal of deeper weakness.

Featured image from Dall-E, chart from TradingView

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Top Analyst Predicts Ethereum Could Ignite Bull Rally If Price Surpasses $2,330

As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movements has sparked discussions among crypto analysts regarding the potential future trajectory of Ethereum, particularly in light of Bitcoin’s bullish momentum.

Ethereum Bull Run Potential

Crypto analyst Ali Martinez recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum could ignite a new bull run if it manages to breach the critical resistance level at $2,330. 

Martinez emphasized that a breakout above this supply wall could signal renewed investor interest and push ETH towards significantly higher prices. However, Ethereum has been trapped in a narrow range between $1,500 and $1,650 for the past week, lacking any substantial catalysts to spur an upward movement.

The immediate focus for Ethereum bulls is the $1,600 level, which has emerged as a near-term resistance point. Market expert TedPillows highlighted that Ethereum has recently broken out of a downtrend for the first time since February 2025, indicating a potential shift in market sentiment. If ETH can hold above the $1,600 threshold, analysts speculate it could rally towards the $2,000 mark by April.

Conversely, some analysts, including Crypto Fella, warn of the risks associated with Ethereum’s current stagnation. The importance of a swift upward movement; a failure to break through the nearest resistance could result in a drop towards $1,200, highlighting the precarious nature of the altcoin’s current position.

Ethereum

Bitcoin Surges Past $87,000

In stark contrast, Bitcoin’s market performance paints a different picture. The cryptocurrency’s recent surge above $87,000 is interpreted by Nicholas Roberts-Huntley, CEO of Concrete and Glow Finance, as a clear indication that investors are seeking refuge in decentralized assets amidst rising tariffs, inflation concerns, and global economic uncertainty. 

This sentiment is echoed as the crypto market reacts to political tensions, particularly surrounding President Trump’s threats to remove Federal Reserve Chair Jerome Powell for not expediting interest rate cuts. 

Youwei Yang, chief economist at Bitcoin mining company BIT Mining, provided further context on Bitcoin’s behavior in the current economic climate. 

Yang noted that while Bitcoin may initially respond like a risk asset—similar to tech stocks—during times of crisis, it tends to stabilize and exhibit characteristics of a safe haven asset akin to gold as market conditions improve.

Ethereum

At the time of writing, ETH is trading at $1,584, posting losses of over 3% in the weekly time frame. Even more concerning, the altcoin is still down nearly 70% from its all-time high reached in the last bullish cycle.

Featured image from DALL-E, chart from TradingView.com 

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On The Brink: Ethereum Challenges Descending Channel, Targets $3,000 Price

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is preparing for a potential rally towards the $3,000 mark, a level not towardseen since early February.

This comes despite a tumultuous month in which the altcoin has experienced a nearly 20% decline in price, reflecting broader trends in the cryptocurrency market currently in a bearish phase given global economic concerns.

Can Ethereum Break Through $1,600 For A New Bullish Trend?

Over the past two months, Ethereum’s price has faced substantial headwinds, retracing approximately 67% from its all-time high of $4,878 reached four years ago. 

However, recent data indicates a slight recovery, with ETH gaining 9% on a weekly basis and currently trading above the key psychological support level of $1,500. Despite this rebound, trading volumes have dipped to around $12 billion in the past 24 hours, which suggests some caution among investors.

Carl Moon, a cryptocurrency analyst, recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum is attempting to break out of a descending price channel. He noted, “If there’s enough volume, $ETH might reach $3,000 in the coming days.”

In Moon’s analysis, the $1,500 mark serves as a critical short-term resistance level, while the $1,600 barrier looms as the next significant obstacle that must be overcome for a sustained bullish trend to emerge. 

Ethereum

As long as ETH maintains its current position around $1,585 and buying pressure continues, a bullish scenario could unfold, preventing a drop back towards the yearly low of $1,380 reached just last week.

Ascending Triangle Pattern May Lead To Key Support Retest

Adding to the bullish sentiment, market expert Captain Faibik has also indicated in a social media update that the Ethereum price appears to have bottomed out and is poised for a strong rebound. 

Faibik projects that ETH could reach the crucial resistance level of $2,150 in the coming days if it successfully breaks out of a broadening wedge pattern, which could signal the beginning of a new bull run for the asset.

Despite these optimistic analyses, challenges remain for Ethereum. Bullish catalysts are currently lacking, and there is no clear direction for the altcoin. Ali Martinez, has pointed out that Ethereum is breaking out of an ascending triangle on the hourly chart. 

This pattern could lead to a potential retest of the $1,500 support level in the near term. If this support holds, it would signal a short-term victory for bulls betting on a renewed bullish trend for Ethereum.

Ethereum

Featured image from DALL-E, chart from TradingView.com

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Ethereum Trend Reversal At Stake: $2,300 Emerges As The Most Crucial Resistance

As Ethereum (ETH) continues to experience a significant price downturn, recording a 17% drop over the past month, key resistance levels have emerged as critical points for the second-largest cryptocurrency. Analysts suggest that these levels could ignite a potential trend reversal if reclaimed.

Ethereum Faces Potential Decline To $1,155

In a recent update shared on social media platform X (formerly Twitter), crypto analyst Ali Martinez highlighted two pivotal price points for Ethereum’s immediate future. 

The first, set at $2,100, is seen as a necessary threshold for initiating a new upward trend. However, the $2,300 mark is regarded as a “more decisive” level that Ethereum must breach to confirm a bullish reversal.

Martinez’s analysis, based on the one-day chart seen below, indicates that if Ethereum fails to reclaim these levels, it may lead to a further decline. 

Ethereum

The next target points to watch would be $1,600 and $1,155, levels that could indicate a new downtrend. Such a decline would represent additional losses of 12% and over 37%, respectively, marking a troubling continuation of Ethereum’s worst first quarter in its history.

In another post, the analyst also pointed out that the Ethereum price is facing a significant resistance wall between $2,200 and $2,580. On-chain data from the analytics firm IntoTheBlock reveals that approximately 12.43 million investors have bought about 66.18 million ETH within this price range. 

A breakout above these levels could potentially generate bullish momentum for the cryptocurrency. However, bullish catalysts that could trigger a move above these levels remain scarce among experts.

ETH’s Largest Accumulation Zone Under Threat

Market intelligence firm Glassnode has indicated that ETH’s Cost Basis Distribution shows limited support near current prices. Weekly data suggests that addresses with a cost basis around $1,800 have not re-engaged. Many investors are reportedly selling at a loss, further adding to the current price uncertainty.

On March 28, several clusters of approximately 250,000 ETH with cost bases between $2,000 and $2,050 effectively vanished, indicating that some higher-cost holders are attempting to average down their positions. 

However, Glassnode asserts that the overall Ethereum accumulation zone appears limited at current price levels, raising questions about future stabilization for the second largest cryptocurrency.

The largest accumulation zone below the current market price now sits at $1,537, where nearly 994,000 ETH was acquired. If the downtrend continues, this level is expected to serve as structural support in the near term, potentially providing a buffer against further declines.

Ethereum

ETH is currently trading at $1,830, down 12% for the week.

Featured image from DALL-E, chart from TradingView.com 

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Ethereum Trend Reversal At Stake: $2,300 Emerges As The Most Crucial Resistance

As Ethereum (ETH) continues to experience a significant price downturn, recording a 17% drop over the past month, key resistance levels have emerged as critical points for the second-largest cryptocurrency. Analysts suggest that these levels could ignite a potential trend reversal if reclaimed.

Ethereum Faces Potential Decline To $1,155

In a recent update shared on social media platform X (formerly Twitter), crypto analyst Ali Martinez highlighted two pivotal price points for Ethereum’s immediate future. 

The first, set at $2,100, is seen as a necessary threshold for initiating a new upward trend. However, the $2,300 mark is regarded as a “more decisive” level that Ethereum must breach to confirm a bullish reversal.

Martinez’s analysis, based on the one-day chart seen below, indicates that if Ethereum fails to reclaim these levels, it may lead to a further decline. 

Ethereum

The next target points to watch would be $1,600 and $1,155, levels that could indicate a new downtrend. Such a decline would represent additional losses of 12% and over 37%, respectively, marking a troubling continuation of Ethereum’s worst first quarter in its history.

In another post, the analyst also pointed out that the Ethereum price is facing a significant resistance wall between $2,200 and $2,580. On-chain data from the analytics firm IntoTheBlock reveals that approximately 12.43 million investors have bought about 66.18 million ETH within this price range. 

A breakout above these levels could potentially generate bullish momentum for the cryptocurrency. However, bullish catalysts that could trigger a move above these levels remain scarce among experts.

ETH’s Largest Accumulation Zone Under Threat

Market intelligence firm Glassnode has indicated that ETH’s Cost Basis Distribution shows limited support near current prices. Weekly data suggests that addresses with a cost basis around $1,800 have not re-engaged. Many investors are reportedly selling at a loss, further adding to the current price uncertainty.

On March 28, several clusters of approximately 250,000 ETH with cost bases between $2,000 and $2,050 effectively vanished, indicating that some higher-cost holders are attempting to average down their positions. 

However, Glassnode asserts that the overall Ethereum accumulation zone appears limited at current price levels, raising questions about future stabilization for the second largest cryptocurrency.

The largest accumulation zone below the current market price now sits at $1,537, where nearly 994,000 ETH was acquired. If the downtrend continues, this level is expected to serve as structural support in the near term, potentially providing a buffer against further declines.

Ethereum

ETH is currently trading at $1,830, down 12% for the week.

Featured image from DALL-E, chart from TradingView.com 

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Ethereum Trend Reversal At Stake: $2,300 Emerges As The Most Crucial Resistance

As Ethereum (ETH) continues to experience a significant price downturn, recording a 17% drop over the past month, key resistance levels have emerged as critical points for the second-largest cryptocurrency. Analysts suggest that these levels could ignite a potential trend reversal if reclaimed.

Ethereum Faces Potential Decline To $1,155

In a recent update shared on social media platform X (formerly Twitter), crypto analyst Ali Martinez highlighted two pivotal price points for Ethereum’s immediate future. 

The first, set at $2,100, is seen as a necessary threshold for initiating a new upward trend. However, the $2,300 mark is regarded as a “more decisive” level that Ethereum must breach to confirm a bullish reversal.

Martinez’s analysis, based on the one-day chart seen below, indicates that if Ethereum fails to reclaim these levels, it may lead to a further decline. 

Ethereum

The next target points to watch would be $1,600 and $1,155, levels that could indicate a new downtrend. Such a decline would represent additional losses of 12% and over 37%, respectively, marking a troubling continuation of Ethereum’s worst first quarter in its history.

In another post, the analyst also pointed out that the Ethereum price is facing a significant resistance wall between $2,200 and $2,580. On-chain data from the analytics firm IntoTheBlock reveals that approximately 12.43 million investors have bought about 66.18 million ETH within this price range. 

A breakout above these levels could potentially generate bullish momentum for the cryptocurrency. However, bullish catalysts that could trigger a move above these levels remain scarce among experts.

ETH’s Largest Accumulation Zone Under Threat

Market intelligence firm Glassnode has indicated that ETH’s Cost Basis Distribution shows limited support near current prices. Weekly data suggests that addresses with a cost basis around $1,800 have not re-engaged. Many investors are reportedly selling at a loss, further adding to the current price uncertainty.

On March 28, several clusters of approximately 250,000 ETH with cost bases between $2,000 and $2,050 effectively vanished, indicating that some higher-cost holders are attempting to average down their positions. 

However, Glassnode asserts that the overall Ethereum accumulation zone appears limited at current price levels, raising questions about future stabilization for the second largest cryptocurrency.

The largest accumulation zone below the current market price now sits at $1,537, where nearly 994,000 ETH was acquired. If the downtrend continues, this level is expected to serve as structural support in the near term, potentially providing a buffer against further declines.

Ethereum

ETH is currently trading at $1,830, down 12% for the week.

Featured image from DALL-E, chart from TradingView.com 

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Ethereum Trend Reversal At Stake: $2,300 Emerges As The Most Crucial Resistance

As Ethereum (ETH) continues to experience a significant price downturn, recording a 17% drop over the past month, key resistance levels have emerged as critical points for the second-largest cryptocurrency. Analysts suggest that these levels could ignite a potential trend reversal if reclaimed.

Ethereum Faces Potential Decline To $1,155

In a recent update shared on social media platform X (formerly Twitter), crypto analyst Ali Martinez highlighted two pivotal price points for Ethereum’s immediate future. 

The first, set at $2,100, is seen as a necessary threshold for initiating a new upward trend. However, the $2,300 mark is regarded as a “more decisive” level that Ethereum must breach to confirm a bullish reversal.

Martinez’s analysis, based on the one-day chart seen below, indicates that if Ethereum fails to reclaim these levels, it may lead to a further decline. 

Ethereum

The next target points to watch would be $1,600 and $1,155, levels that could indicate a new downtrend. Such a decline would represent additional losses of 12% and over 37%, respectively, marking a troubling continuation of Ethereum’s worst first quarter in its history.

In another post, the analyst also pointed out that the Ethereum price is facing a significant resistance wall between $2,200 and $2,580. On-chain data from the analytics firm IntoTheBlock reveals that approximately 12.43 million investors have bought about 66.18 million ETH within this price range. 

A breakout above these levels could potentially generate bullish momentum for the cryptocurrency. However, bullish catalysts that could trigger a move above these levels remain scarce among experts.

ETH’s Largest Accumulation Zone Under Threat

Market intelligence firm Glassnode has indicated that ETH’s Cost Basis Distribution shows limited support near current prices. Weekly data suggests that addresses with a cost basis around $1,800 have not re-engaged. Many investors are reportedly selling at a loss, further adding to the current price uncertainty.

On March 28, several clusters of approximately 250,000 ETH with cost bases between $2,000 and $2,050 effectively vanished, indicating that some higher-cost holders are attempting to average down their positions. 

However, Glassnode asserts that the overall Ethereum accumulation zone appears limited at current price levels, raising questions about future stabilization for the second largest cryptocurrency.

The largest accumulation zone below the current market price now sits at $1,537, where nearly 994,000 ETH was acquired. If the downtrend continues, this level is expected to serve as structural support in the near term, potentially providing a buffer against further declines.

Ethereum

ETH is currently trading at $1,830, down 12% for the week.

Featured image from DALL-E, chart from TradingView.com 

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Q2 Outlook For Ethereum: Can ETH Overcome Its Disappointing Q1 Performance?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced one of its most challenging starts to the year, recording its second-worst performance in the first quarter of its history. 

As of now, ETH is trading just above the crucial support level of $2,000, reflecting a year-to-date decline of 43%. This stark contrast is particularly notable when compared to Bitcoin (BTC) and XRP, which have seen gains of 23% and an astonishing 279%, respectively, during the same period.

Could A 60% Surge In Q2 Bring It Back To $3,200?

Market expert Lark Davis has drawn attention to the dramatic downturn in Ethereum’s price in a recent social media update, highlighting a 38% drop in Q1 of this year for the altcoin. 

This figure is alarmingly close to its worst quarterly performance of 46% recorded during the first quarter of 2018, as noted in the comparison chart shared by Davis. 

Ethereum

Following that troubling quarter in 2018, Ethereum saw a brief recovery of 15% in Q2, only to face more than 40% declines in the subsequent quarters, respectively, raising concerns for current investors that this pattern might occur once again in this cycle.

Despite these discouraging figures, Davis posed an interesting question regarding the potential for an “explosive” second quarter for Ethereum. Historically, since 2016, ETH has averaged a remarkable 66% surge during this period. 

If this trend continues and the Ethereum price were to achieve a 60% increase in the coming months, its price could climb to $3,200 per token—levels not seen since early February of this year.

Crypto Expert Predicts 1,100% Surge For The Ethereum Price 

While short-term challenges remain, many analysts retain a long-term bullish outlook for Ethereum. Crypto analyst Merlijn drew parallels between the current market conditions and Bitcoin’s past performance, suggesting that Ethereum is poised for a similar trajectory. 

The analyst noted, “Accumulation, breakout, and V-shape recovery loading,” implying that a new bull run could be on the horizon for ETH, with forecasts suggesting it could reach up to $24,000 during this cycle—a major 1,100% increase.

However, the path to recovery is not without its hurdles. Expert Ali Martinez recently highlighted key resistance levels that Ethereum must overcome for a sustainable rebound in the short-term. 

Martinez noted that ETH’s price has reclaimed its realized price of $2,040, but the next significant challenge lies at the $2,300 mark, where strong resistance has been observed for the leading altcoin.

Despite a recent recovery that saw a 10% spike in the past two weeks, Ethereum still faces notable monthly losses, down nearly 25% following a broader market correction. 

Ethereum

Featured image from DALL-E, chart from TradingView.com

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On-Chain Data Reveals Binance’s Strategy Behind Massive Ethereum And Solana Sell-Off

As the broader cryptocurrency market grapples with significant downturns, Ethereum (ETH) and Solana (SOL) have emerged as some of the hardest-hit assets among the top ten digital currencies. 

On top of that, recent allegations by market experts on social media suggest potential market manipulation by major players in the space, raising further concerns for investors.

Ethereum Falls Below $2,600: Potential End To Altseason

Over the past few days, on-chain data has surfaced, indicating large-scale selling of Ethereum and Solana tokens primarily by Binance (BNB), the world’s largest cryptocurrency exchange. 

Market expert Crypto Rover highlighted that these sales, which occurred over a span of just 48 hours, have contributed to a staggering 7% drop in Ethereum and a 12% decline in Solana’s value.

Ethereum has now breached its critical support level of $2,600, a point that analysts like Ali Martinez caution could signal the end of the altcoin season if confirmed on higher time frames. 

Martinez notes that the next significant threshold for the Ethereum holders is set at $2,300; falling below this level could jeopardize the psychologically crucial $2,000 mark.

For Solana, the situation is similarly dire. The asset has retraced below its major support level at $150, settling around $140. This decline represents a considerable 51% gap from its all-time high of $293 reached in January.

The bearish sentiment surrounding Solana is further underscored by a stark drop in network activity. Martinez pointed out that Solana’s active addresses have plummeted by 60%, falling from an impressive all-time high of 18.5 million in October to just 7.3 million.

Ethereum

Market Manipulation Allegations Arise

Amidst these troubling developments, voices within the crypto community are suggesting that the market turbulence may not be coincidental. 

Experts like Marty Party have expressed concerns about the role of Binance, asserting that the exchange may have offloaded its holdings in Solana and Ethereum to cover fines imposed by the Department of Justice (DOJ) while also profiting from liquidating leveraged futures positions.

Such actions have been characterized as “manipulative,” with Marty noting the timing of these sales. Doctor Profit, another market expert, also suggests that platforms like Bybit may have engaged in similar practices to recover “lost Ethereum” after its recent hack, fueling further speculation about the integrity of these exchanges.

Critics argue that these “market maneuvers” are indicative of a broader pattern of manipulation, particularly aimed at triggering mass liquidations among long positions. 

Doctor Profit remarked on the apparent transparency of these manipulations, suggesting that market players are exploiting the naivety of average crypto investors.

Given the current climate, there is a growing call within the crypto community to shift away from centralized exchanges and traditional financial structures. 

Advocates like Doctor Profit are urging investors to embrace decentralized finance (DeFi) and monolithic networks, emphasizing the importance of self-custody and minimizing reliance on institutions that may be susceptible to manipulation.

Ethereum

For now, Ethereum has managed to stabilize at $2,390, which is nearly 50% below the record high of $4,878 reached during the 2021 bull market.

Featured image from DALL-E, chart from TradingView.com

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Why Ethereum Is A Must-Watch: Expert Analysis Highlights 4 Strong Bullish Indicators

As the new week begins, Ethereum (ETH)—the second-largest cryptocurrency by market capitalization—has seen a significant decline, dropping nearly 10% below the critical support level of $2,500. 

However, amidst this downturn, prominent crypto analyst Doctor Profit has identified four compelling bullish indicators that suggest Ethereum may be poised for a resurgence, potentially inching closer to its all-time high and even surpassing it.

Key Indicators Signal A Bullish Turn

In a recent post on X (formerly Twitter), Doctor Profit shared insights from a detailed long-term analysis of Ethereum. He emphasizes that this evaluation is not about short-term hype or quick profits but focuses on the upcoming months. 

“Right now, ETH is the best opportunity in the market,” he stated, highlighting key indicators—technical, psychological, and on-chain—that support his bullish stance.

Doctor Profit’s analysis is grounded in extensive price action data, with a focus on high-timeframe signals that typically indicate significant market moves. Here are the four major indicators he outlined:

The 200-week Exponential Moving Average (EMA) has historically served as a critical support level for Ethereum. During past market downturns, such as the COVID crash in 2020 and the bear market in 2022, the price has quickly rebounded after dipping below this key threshold.

Ethereum

Given that a few weeks ago, the price was merely 4% from this support, the risk-reward ratio for potential investment is compelling. Doctor Profit estimates a possible move toward the $8,000 to $10,000 range, representing an approximate 200% upside, while the worst-case scenario offers a mere 20% downside.

Doctor Profit Sees Potential For Major Ethereum Price Surge

The analyst further highlighted that ETH’s price has been trending within a long-term ascending channel, currently approaching its lower boundary—a historically favorable entry point for investors. 

Doctor Profit anticipates a breakout from this channel in the coming months, targeting the $4,000 mark, a level that has faced multiple rejections. 

However, the analyst assures that each failed attempt brings the Ethereum price closer to a definitive breakout, with potential targets reaching as high as $8,000 to $10,000.

One of the most significant patterns currently forming is the weekly ascending triangle. This pattern has been consolidating since 2020, indicating a robust bullish setup. 

Doctor Profit notes that moves stemming from such patterns often lead to substantial price expansions, similar to recent trends observed in XRP. The implications of this formation suggest that Ethereum may be on the brink of a powerful upward movement.

A substantial liquidity zone exists around the $4,000 region, aligning perfectly with both the anticipated breakout from the ascending channel and the ascending triangle. 

This concentration of liquidity could facilitate a strong market response, according to the analyst, propelling Ethereum through this critical threshold and triggering a significant upward movement.

Despite the current bearish sentiment surrounding Ethereum, characterized by retail disinterest and high fear, Doctor Profit emphasizes that institutional accumulation is on the rise. 

Record inflows into Ethereum exchange-traded funds (ETFs) and significant on-chain withdrawals further indicate that larger investors are positioning themselves for future gains.

Ethereum

ETH is currently trading at $2,420, down as much as 10% over the past 24 hours and over the past week. 

Featured image from DALL-E, chart from TradingView.com

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Ethereum Make-Or-Break Moment: This Key Level Determines Path To Reach $7,000

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.

Ethereum

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 

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Pectra Upgrade On The Horizon: Ethereum Set For Significant Changes In Mid-March

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.

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.

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.

Ethereum

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 

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Justin Sun’s Grand Strategy For Ethereum Price: $10,000 Target

As the Ethereum price lingers below its all-time highs (ATHs), TRON founder Justin Sun has emerged with a bold vision aimed at revitalizing the altcoin’s value. 

Sun’s Vision For The Ethereum Price

In a recent social post on X (formerly Twitter), Sun proposed a plan that he believes could propel the Ethereum price to unprecedented heights, targeting a price of $10,000. Sun’s strategy hinges on a radical overhaul of the Ethereum Foundation (EF) and the Ethereum protocol itself. 

The TRON founder asserts that under his leadership, immediate and decisive actions could almost double the current price peak for ETH. One of his primary proposals is to halt the sale of ETH for a minimum of three years. By doing so, Sun aims to stabilize the currency’s supply and bolster market confidence. 

To cover operational costs during this period, Sun suggests leveraging Aave (AAVE) lending, staking yields, and stablecoin borrowing, thereby ensuring that the ETH supply remains intact while aligning with deflationary goals.

In addition to halting sales, Sun proposes imposing significant taxes on Layer 2 (L2) projects. He believes this move could generate at least $5 billion annually for Ethereum, either in stablecoins or tokens. 

The revenue from these taxes would be utilized to repurchase and burn ETH in a decentralized manner, further enhancing scarcity and potentially driving up demand.

Major Staff Cuts To Transform Ethereum Foundation Into Meritocracy

In his social media post, Sun also emphasized the need to streamline operations within the Ethereum Foundation. He suggests a significant reduction in staff, retaining only the most capable team members. 

Those who remain would receive substantial salary increases, transitioning the Ethereum Foundation into a merit-based organization that rewards high performance.

Furthermore, the TRON founder calls for adjustments in node rewards and a stronger focus on fee-burning mechanisms. By reducing node rewards, Sun believes Ethereum can solidify its deflationary status, reinforcing its position as a store of value. 

The focus, according to Sun, would shift exclusively toward Layer 1 (L1) development, prioritizing scalability, security, and broader adoption.

Sun is confident that these initiatives could lead the Ethereum price to surpass $4,500 within the first week of implementation, laying the groundwork for long-term success. 

While this only represents Sun’s vision for the Ethereum price, any of these proposals, if viable for driving another leg up of the altcoin, could ultimately be adopted by the co-founders or the developers of the platform.

Ethereum price

As of this writing, the Ethereum price hovers around the $3,200 mark, reflecting a loss of 4% over the past 24 hours. This decline has widened the gap between the current price and its ATH of $4,878, representing a difference of 34.5%.

Featured image from DALL-E, chart from TradingView.com

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Ethereum On The Cusp Of Major Breakout In Q1 2025, Altcoins Expected To Follow Suit

As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. 

Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETH’s critical support level at $3,290, effectively preventing a decline toward the psychologically significant $3,000 barrier.

Could Ethereum Reach $14,000 By March 2025?

Crypto expert Crypto Rover has made headlines with his bold prediction that ETH is poised for an “explosion” in the first quarter (Q1) of 2025. His confidence is bolstered by historical trends observed in previous Bitcoin Halving years, particularly in 2017 and 2021, where ETH experienced substantial double-digit increases from January through March.

In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH saw significant gains of 78.5% in January, 8.4% in February, and 34.7% in March. 

According to the expert’s analysis, these historical trends indicate that if Ethereum sustains its current price level for the rest of the year, it could experience a comparable path in 2025.

Ethereum

Based on these historical figures and averages from the price increases between 2017 and 2021, it is possible that ETH might reach about $5,000 in January, around $6,400 in February, and by March, it could soar to $14,336 per token.

Such increases would not only signify a recovery but also potentially triple Ethereum’s all-time high of $4,878 reached in November 2021.

Beyond Ethereum, other altcoins such as XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are also expected to benefit from this market correction and consolidation. 

Crypto Rover has also cautioned altcoin holders, stating, “Now is the worst time to sell. Our portfolios still have the potential to do a 10x from here. The next three months are going to be incredible.”

Key Support Levels For ETH’s Price

In addition to these bullish predictions, analyst Gabriel Maur has weighed in on Ethereum’s current price action, emphasizing key support levels between $2,800 and $2,900. 

The analyst notes that the structure of support has transitioned into resistance, which, once broken, becomes a crucial support level. The upward trend indicated by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment.

As long as ETH remains above this critical support region on weekly closes, the probability of continued upward momentum stays in favor of buyers. 

Maur identifies imminent targets of $4,093 and $4,868 (the previous all-time high), suggesting that if ETH closes above its all-time high, it may enter a price discovery phase with Fibonacci extensions indicating further upside potential.

Ethereum

Featured image from DALL-E, chart from TradingView.com

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Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next

For the first time in over three years, Ethereum (ETH) has reached the significant price milestone of $4,100. This level has proven to be a key resistance point for investors, especially as the leading altcoin struggled to breach it during the bullish momentum experienced in the first quarter of this year.

Poised For Rally If It Breaks $4,000-$4,100 Resistance?

The renewed bullish sentiment among crypto investors has led analysts to forecast potential new all-time highs for Ethereum, surpassing its previous record of $4,878, set in November 2021. 

For instance, crypto analyst Justin Bennett noted on social media platform X (formerly Twitter) that ETH had previously faced technical barriers in surpassing the $4,000 threshold and acknowledged that Bitcoin has been the focal point of market attention in December.

However, the analyst emphasized that if ETH’s price can successfully navigate the critical $4,000 to $4,100 range in the short term, it could pave the way for a rally back toward its all-time high zone, with the potential to reach mid-$5,000 levels, thereby completing the current bullish channel for the altcoin. 

Bennet also suggested that now is the opportune moment for the ETH price to target a new all-time high as he believes that the altcoin could see “some of those Bitcoin (BTC) profits” flow into the Ethereum market soon.

Ethereum Price To Reach $15,937 By May 2025? 

Adding to this bullish outlook, market expert VentureFounder shared even more optimistic predictions, anticipating an extended bullish momentum for ETH over the next seven months, and projecting it to reach a new all-time high of $15,937 by May 2025.

VentureFounder linked this forecast to historical patterns, noting that the first quarter following Bitcoin’s Halving events typically initiates a surge toward new record highs. He further indicated that Ethereum often enjoys a year of strong performance after such Halving events, the latest of which occurred in April of this year.

This year has already seen significant similarities with the past for both Bitcoin and Ethereum. Prior to Bitcoin’s Halving, the cryptocurrency experienced a substantial rally, fueled in part by the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). 

At the time, the Bitcoin price reached a new all-time high just above $70,000 in March, and it has since risen by more than 50% to a new record of $107,000, despite challenging second and third quarter price action.

Ethereum also experienced significant growth, posting its strongest first quarter in more than three years, rising from $2,260 in February to nearly 100% in just 30 days. However, it remained below the $4,100 threshold until recently, consistent with Bitcoin’s increasing trajectory.

Overall, VentureFounder’s analysis, together with the price movements of both Ethereum and Bitcoin this year, gives a solid foundation for believing that ETH may be poised for significant rises in the coming months if the experts’ projections and prior patterns hold true. 

Ethereum

At the time of writing, ETH is attempting to consolidate at around $4,014. This level will be crucial for determining whether further upward momentum will occur in the coming days or if additional tests of price support are on the horizon.

Featured image from DALL-E, chart from TradingView.com

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Ethereum Price Climbs To $4,000 Amid Historic ETF Inflows: Will It Break Previous Records?

In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the crypto market, particularly with Bitcoin (BTC), which recently reached new all-time highs.

Ethereum Surges 61% As ETF Demand Grows

According to Bloomberg, Ethereum exchange-traded funds (ETFs) in the United States experienced unprecedented demand, recording a daily inflow of $428 million on Thursday alone. 

This surge in investment interest reflects a growing confidence in Ethereum, particularly following Donald Trump’s election victory on November 5, which ignited a bullish sentiment across the crypto landscape. Since then, Ethereum has outperformed Bitcoin, boasting a staggering 61% increase in value.

The appointment of Paul Atkins to lead the Securities and Exchange Commission (SEC) has further bolstered enthusiasm for Ethereum. Atkins, a proponent of pro-crypto regulation and a member of the advisory board for the advocacy group Token Alliance, is seen as a positive force for the crypto industry. 

Bloomberg suggests that under his leadership, the restrictions preventing investors from earning yield on staked Ether through ETFs could be reconsidered, enhancing the appeal of these investment vehicles.

Altcoin Season In Full Swing

Nick Forster, founder of the crypto trading platform Derive.xyz, noted, “Now that Bitcoin has hit $100,000, it appears that investors are seeking the next opportunity.” 

Forster highlighted that Ethereum remains significantly below its all-time high of $4,878 reached in November 2021, prompting many investors to shift their focus and explore the potential for gains in altcoins like ETH.

The increasing interest in Ethereum is also evident in the derivatives market, where open interest in Ether futures contracts on CME Group Inc. has reached record levels, significantly outpacing the growth in Bitcoin futures. 

Le Shi, managing director at market-making firm Auros, remarked that US institutions tend to favor regulated investment vehicles, resulting in a higher concentration of activity in CME Ether futures and ETH ETFs.

Additionally, the founders of Glassnode—Yan Allemann, Jan Happel, and Rafael Schutlze-Kraft—have pointed to the resilience of altcoins amid Bitcoin’s recent volatility. 

Despite Bitcoin experiencing a 13% dip, altcoins have largely maintained their value, indicating a robust market sentiment. The Altcoin Index hitting 100 further confirms that the market is in the midst of an “Altcoin Season,” with expectations for significant moves as the weekend approaches.

Looking ahead, the outlook for the market’ second largest crypto remains optimistic, with increasing expectations for both institutional and retail investments as the current market cycle unfolds. 

Analysts have already predicted that gains could soon surpass Ethereum’s previous all-time price, setting the stage for a potentially transformative period in the cryptocurrency market.

Ethereum

At the time of writing, ETH trades at $3,990. 

Featured image from DALL-E, chart from TradingView.com