\n\t\t\t\t\t\t\t\t\tETH is flashing mixed signals: is it on the verge of a rally or bracing for another breakdown?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The second-largest cryptocurrency hasn\u2019t been at its best lately, plummeting by double digits over the last 30 days and trading far below its all-time high of almost $5,000 witnessed in the summer of 2025.<\/p>\n
However, the past 24 hours brought some hope for the bulls, as ETH rocketed from $1,800 to over $2,000. Some market observers believe a more profound rebound could be on the way, while others think the valuation has yet to reach its bottom.<\/p>\n
Rally Soon?<\/h2>\n
Ethereum (ETH) has soared by over 10% daily, currently trading above the $2,000 psychological zone. However, it remains 30% down on a monthly scale, while its market capitalization has shrunk to approximately $237 billion.<\/p>\n
Despite the major correction, many analysts remain optimistic. X user KALEO observed<\/a> the asset\u2019s recent performance and argued that it might be on the verge of a bounce. They assumed that ETH has formed a \u201cclean double bottom off HTF support\u201d and may be ready to spike above $2K.<\/p>\n \u201cMore FUD than I\u2019ve ever seen on the timeline. Send it with haste,\u201d the analyst added.<\/p>\n<\/blockquote>\n Merlijn The Trader also chipped in lately. He claimed<\/a> that ETH is sitting in a five-year demand zone, emphasizing that this area has historically acted as a place where investors accumulate rather than distribute.<\/p>\n \u201cYou don\u2019t need the exact bottom. You need exposure before expansion. Big bases don\u2019t drift. They reprice,\u201d he stated.<\/p>\n<\/blockquote>\n X user StockTrader_Max shared a similar thesis, arguing that ETH has evolved into \u201ca long-term investment with slower, steadier growth that rewards patience and conviction rather than hype and timing.\u201d The analyst believes the asset should be held in many portfolios, with a time horizon of years rather than months.<\/p>\n Meanwhile, some industry participants noted that whales have been quite active lately and increased their exposure to ETH. X user Crypto Rover shared<\/a> a CryptoQuant chart, showing that large investors now own over 24 million tokens, or more than 20% of Ethereum\u2019s circulating supply.<\/p>\n Whales\u2019 activity is closely monitored by smaller players who might mimic their moves and enter the ecosystem with fresh capital. Additionally, it is commonly believed that large investors rarely make irrational purchases and may have inside information about upcoming events that could influence valuation.<\/p>\n Last but not least, ETH\u2019s exchange reserves remain quite close to the nearly 10-year low recorded earlier this month. This trend shows that investors don\u2019t rush to transfer their holdings to centralized platforms: a move often considered a pre-sale step, and which can cause an additional price slump.<\/p>\n Many other analysts presented rather pessimistic views on the matter. X user Crypto Tony warned<\/a> of new lows if the price plunges below $1,820, describing that level as \u201cthe last line of defence.\u201d They later argued<\/a> that if the bulls decisively reclaim $1,940, then \u201cwe are back in business.\u201d<\/p>\n Ali Martinez and Lucky also gave their two cents. The former claimed <\/a>that the next major support levels for ETH, should it break below $1,800, are $1,584, $1,238, and $1.089.<\/p>\n The asset\u2019s Relative Strength Index (RSI) is another bearish factor to watch. Due to the price rebound experienced over the past hours, the tool\u2019s ratio has risen above 70, signaling that ETH is overbought and could be due for a correction. The RSI is an important metric often used by traders, and conversely, anything below 30 is considered a buying opportunity.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
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