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Ethereum Price Prediction: ETH Aims for $4,000 as ETF Inflows and Corporate Treasuries Drive Bullish Sentiment

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  • July 19, 2025
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Ethereum (ETH) has continued its bullish run, crossing the $3,600 mark amid firm institutional demand and record-breaking ETF inflows. Bit Digital’s latest acquisition of more than 19,000 ETH has taken its treasury holdings above 120,000 ETH, a clear indication of increasing corporate accumulation. In the meantime, US spot Ethereum ETFs have pulled in over $1.78 billion in four days, a record weekly inflow. As ETH approaches the all-important $4,000 mark, investor sentiment is also bolstered by positive regulatory news such as the GENIUS Act and Ethereum’s leadership in the stablecoin universe. KEY LOOKOUTS • ETH is drawing near a critical resistance point at $4,000, with the possibility of rallying to its all-time high of $4,878 if momentum persists. • US spot Ethereum ETFs have recorded more than $1.78 billion in weekly inflows, indicative of strong institutional appetite and breaking previous records. • Bit Digital’s ETH treasury now totals over 120,000 coins, indicative of an upward trend among public firms to maintain Ethereum as a strategic holding. • Technical indicators such as RSI and Stochastic Oscillator indicate overbought levels, which may trigger short-term pullbacks even in the bullish scenario. Ethereum is still on a roll of bullish sentiment as it remains above $3,600, driven by all-time ETF inflows and increased institutional participation. The demand surge is underscored by Bit Digital’s increase in its ETH treasury to more than 120,000 coins and an eye-popping $1.78 billion inflowing into US spot ETH ETFs over the course of just four days. This pressure, supported by regulatory headwinds such as the GENIUS Act and Ethereum’s dominance in the stablecoin space, has set ETH up to break through the $4,000 resistance zone and target new highs. Ethereum trades at over $3,600 as ETF inflows and institutional buying drive bullish sentiment. Bit Digital’s ETH positions exceed 120,000, and US spot ETH ETFs register a record $1.78 billion weekly inflows. ETH now targets the crucial $4,000 resistance level. • Ethereum price jumped over $3,600, targeting the crucial $4,000 resistance level. •   Bit Digital expanded its ETH treasury to 120,306 ETH after a $67.3 million direct offering. •  US spot ETH ETFs recorded over $1.78 billion in inflows within four days, the highest weekly total to date. •  BlackRock’s ETHA ETF accounted for 75% of these ETF inflows, per SoSoValue data. • The GENIUS Act signed into law supports Ethereum’s role in the stablecoin ecosystem, boosting market sentiment. •   Ethereum controls almost 50% of the world’s $260 billion stablecoin market, per DefiLlama. •  Technicals indicate overbought levels, yet short-term corrections may be possible despite robust bullish activity. Institutional faith and strategic business actions are driving Ethereum’s recent upsurge. Nasdaq-listed Bit Digital has transitioned its focus from Bitcoin mining to Ethereum stockpiling, boosting its holdings to more than 120,000 ETH. This step follows a $67.3 million capital raise, demonstrating an increasing trend among public firms to embrace ETH as part of their capital strategy. Other companies such as SharpLink Gaming are also increasing ETH holdings sharply, further supporting Ethereum’s attractiveness as a long-term digital currency. ETHEREUM DAILY PRICE CHART SOURCE: TradingView Concurrently, US spot Ethereum ETFs are witnessing an unprecedented surge in capital, with new investments exceeding $1.78 billion within a span of only four days. This beats all past weekly records and reflects skyrocketing investor demand. BlackRock’s iShares Ethereum Trust has been the major driver, accounting for over 75% of the aggregate inflows. Regulatory momentum, including the recently signed GENIUS Act, has also contributed to Ethereum’s strength, solidifying its place in the emerging digital finance ecosystem and global stablecoin market. TECHNICAL ANALYSIS Ethereum has broken above significant resistance levels, rising above $3,600 and nearing the psychological $4,000 level. The recent price action closes a bullish pennant pattern that began in early May, hinting at further upside. Indicators such as the Relative Strength Index (RSI) and Stochastic Oscillator continue to be in overbought levels, indicating strong bullish strength but at the same time cautioning potential short-term dips. Should ETH be able to close above $4,000 on a daily basis, it may approach its all-time high of around $4,878, and on the downside, support is available around $3,220, $3,100, and the $2,850 levels. FORECAST Should the bullish strength hold, Ethereum may break through the $4,000 resistance level in future sessions. A successful breakout could set the stage for ETH to retest its all-time high of $4,878, which was last witnessed in November 2021. Robust ETF inflows, increasing institutional adoption, and positive regulatory updates could be the main drivers propelling this trend higher. Continued investor appetite, particularly via BlackRock’s ETHA and like funds, could also power a rally to new record highs. In spite of the powerful upward pressure, Ethereum is still susceptible to short-term corrects, particularly since technical indicators indicate overbought levels. Failure of ETH to remain above major support levels like $3,220 or $3,100 would open the way for a more severe pullback to $2,850 levels. A daily close below $2,850 would nullify the present bullish setup and propel ETH lower to $2,500 levels. Outside forces like general market mood or regulatory uncertainty can also precipitate downward pressure.

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Crypto Ethereum

Ethereum Price Prediction: ETH Under Bearish Pressure Despite SharpLink’s $463M Purchase

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  • June 14, 2025
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Ethereum (ETH) continues to slide despite the significant $463 million purchase made by SharpLink Gaming, making the firm the largest publicly traded owner of ETH. The firm purchased 176,270.69 ETH at an average price of $2,626 and staked more than 95% of its position to secure the network while earning yield. Despite this, ETH is still on the back foot, down 6% amidst growing tensions in the Middle East and heavy futures liquidations. Ethereum is now at risk of further losses if it cannot keep pivotal support levels at around $2,500 and will drop to the $2,260 level, while a breakout over $2,850 can reignite bullish drive. KEY LOOKOUTS • SharpLink purchases 176,270.69 ETH for $462.9 million, the largest publicly traded holder of ETH, with 95% of its holdings staked for network security and yield. • Continued Middle East tensions, especially Israel’s attacks on Iran, are driving broad market volatility and downward pressure on ETH. • Ethereum is faced with serious support at $2,500 and the 38.2% Fibonacci retracement around $2,450. The inability to hold could send prices towards $2,260 or even lower to the $2,110-$2,260 zone. • The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are still moving lower, and the risk of further falls rises unless ETH picks up momentum over the $2,850 resistance level. In spite of the upbeat mood generated by SharpLink Gaming’s gigantic $463 million ETH purchase, Ethereum remains under bearish pressures fueled by rising geopolitical tensions and large futures market liquidations. The steep drop of 6% underscores the market’s sensitivity to outside macroeconomic and geopolitical conditions. While SharpLink’s action affirms faith in Ethereum’s long-term utility and network resilience, near-term price action continues to be vulnerable, with primary technical levels being tested. If Ethereum cannot sustain above $2,500 levels, more downside towards $2,260 becomes the probable direction. Ethereum is still under bearish pressure even after SharpLink’s $463 million purchase. Geopolitical tensions and liquidation of futures are still affecting the market. Leveling off at the crucial support of $2,500 can help avoid more downside towards $2,260. •  SharpLink Gaming bought 176,270.69 ETH for $462.9 million, becoming the biggest publicly traded ETH owner. •  More than 95% of SharpLink’s ETH reserves are staked, securing Ethereum’s network and earning yield. •  Ethereum price fell 6% amidst the positive news because of increased Middle East tensions. •  ETH was subject to $296 million in 24-hour futures liquidations that provided additional selling pressure. •  Support levels of interest are $2,500 and the 38.2% Fibonacci retracement at $2,450. •  In case of failure of support, ETH can fall to the $2,110–$2,260 level with 50-day and 100-day SMAs providing potential support. •  RSI and Stochastic Oscillator technical indicators are signaling bearish momentum unless ETH crosses over $2,850 resistance. SharpLink Gaming has been grabbing all the news headlines with its aggressive entry into cryptocurrency with the purchase of 176,270.69 ETH for around $462.9 million. This acquisition not only makes SharpLink the largest publicly traded owner of Ethereum but also reflects increasing institutional faith in the long-term promise of blockchain technology. By staking more than 95% of its position, the company is directly supporting the network security and decentralization of Ethereum while at the same time accruing staking rewards, highlighting a thoughtful strategy for digital asset management. ETHEREUM DAILY PRICE CHART SOURCE: TradingView The takeover is made at a critical juncture in the Ethereum network, with real-world asset tokenization, regulatory clarity, and increasing institutional interest reshaping the wider crypto ecosystem. The wider industry sees Ethereum as becoming a fundamental element of financial infrastructure rather than part of the crypto ecosystem per se. With growing embracement of decentralized finance (DeFi) and forthcoming regulatory blessings from the SEC, Ethereum’s positioning as a settlement layer for financial systems and programmable money strengthens further, attracting major interest from investors and companies alike. TECHNICAL ANALYSIS Ethereum is now cruising through an intense technical region after being rejected in the vicinity of the $2,850 resistance. The price has come down since then by about 12%, dropping momentarily below the $2,500 level before a temporary halt at around the 38.2% Fibonacci retracement level of $2,450. The 50-day Simple Moving Average (SMA) coincides with the lower end of a very important channel and is an important support level. Failing that, Ethereum could drop down towards the range of $2,110–$2,260, where the 100-day SMA offers further support. On the positive side, retaking the $2,850 resistance is paramount to creating a bullish reversal towards the $3,400 level. FORECAST Ethereum would lose support if it cannot hold ground above the $2,500 level and the 38.2% Fibonacci retracement at $2,450. It could be subjected to more selling pressure and possibly continue to the $2,260 support level, with an eventual further slide to $2,110 if bearish forces persist. Having the 50-day and 100-day SMAs in this region might provide some short-term relief, but sustained geopolitical tensions and liquidations in the futures market might bear down on price action. On the upside, Ethereum needs to break above the $2,850 resistance level and hold on to indicate a change in sentiment. A successful break would trigger new buying pressure, and the price may reach the $3,400 resistance area. Favorable regulatory news, institutional inflow, and renewed market optimism can act as the trigger for this move.

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Ethereum Price Forecast: ETH Sees $3,400 Target as Futures Open Interest Hits Historical High

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  • June 12, 2025
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Ethereum (ETH) is showing bullish strength as it tests the $2,850 resistance level, fueled by a jump in futures open interest, which recorded a historical high of 15.21 million ETH. Institutional activity, led by the Volatility Shares 2x leveraged ETH ETF, and regular flows into US spot Ethereum ETFs are driving the increase. Accumulation addresses have also experienced high activity, with over 400K ETH inflows on several days. Technical indicators indicate Ethereum trading above its 200-day SMA, with potential for moving up towards $3,400 if present support holds good, although short-term volatility is likely. KEY LOOKOUTS • A key resistance for Ethereum is at $2,850; a break and close above it could open the way to $3,400. • ETH futures open interest has reached an all-time high of 15.21 million ETH, reflecting intense institutional demand and increasing leveraged positions. • Accumulation addresses continue to witness massive inflows, with more than 400K ETH added in five out of the last seven days, reflecting strong long-term holding sentiment. • ETH continues to trade above its 200-day SMA with MACD closing in on a bullish crossover and RSI well on its way to overbought levels, indicating increasing upward momentum but potential short-term corrections. Ethereum is registering renewed strength as it fights off the $2,850 resistance level, fueled by a jump in futures open interest and consistent institutional inflows. The record high futures OI of 15.21 million ETH, dominated by leveraged products such as the Volatility Shares 2x ETH ETF, is a testament to growing investor confidence and risk appetite. While this is happening, high inflows into accumulation addresses and sustained buying pressure in US spot ETFs indicate a healthy demand base. Since ETH is trading above its 200-day SMA and technical indicators are indicating bullish momentum, the cryptocurrency is set to go higher if it sustains current support levels and breaks through short-term resistance levels. Ethereum is probing the $2,850 level of resistance, supported by all-time-high futures open interest and heavy accumulation. Institutional buying, especially via leveraged ETFs, is behind the direction of the market. Support persists, and ETH could aim for the $3,400 level in the days ahead. •  Ethereum’s record-high futures open interest amounted to 15.21 million ETH, which was dominated by the Volatility Shares 2x leveraged ETH ETF. •  CME has observed substantial expansion in ETH futures positions, which reflects increasing institutional demand. •  Accumulation addresses posted recorded inflows in excess of 400K ETH in five of the previous seven days. •  US spot Ethereum ETFs registered net inflows for 17 consecutive days, amounting to $124.93 million on Tuesday alone. •  ETH temporarily broke above the $2,850 resistance level for the first time since February 4. •  Technical markers such as the RSI and MACD indicate firm bullish momentum but suggest potential near-term volatility. •  Should bullish momentum persist, ETH may go for $3,078 and $3,400; inability to maintain support could witness decreases towards $2,500. Ethereum has seen considerable investor demand, especially from institutional investors. Futures open interest in ETH has set an all-time high of 15.21 million ETH, and most of this rise is due to the Volatility Shares 2x leveraged ETH ETF. It has attracted a significant amount of leveraged exposure, which means that high-net-worth and professional traders are long on Ethereum’s long-term future. Also, the Chicago Mercantile Exchange (CME) experienced a significant increase in ETH futures positions, which further highlights the increasing demand from major market players. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Meanwhile, US spot Ethereum ETFs are still seeing steady inflows, which have now had 17 consecutive days of being in the green. Accumulation addresses — accounts that have never offloaded any ETH — are also witnessing significant inflows, which indicates that long-term holders are optimistic about Ethereum’s long-term potential. All these indicate an increasing sentiment of optimism in the market, with both retail and institutional investors reflecting steady demand for the asset. TECHNICAL ANALYSIS Ethereum’s current price action demonstrates robust bullish momentum as it remains above the crucial 200-day Simple Moving Average (SMA), typically a good gauge of long-term trend strength. Relative Strength Index (RSI) is reaching overbought levels, indicating robust buying pressure but also the potential for near-term consolidation or small pullbacks. In the meantime, the Moving Average Convergence Divergence (MACD) is trying to execute a bullish crossover, as its histogram is becoming positive, reflecting a building upside bias. As long as ETH holds its support above the $2,700–$2,760 zone, it is very well-placed to test higher levels of resistance in the coming days. FORECAST If Ethereum is able to breach and hold above the $2,850 resistance mark, it may pave the way to the next significant resistance around $3,078, which also coincides with the 61.8% Fibonacci retracement level. The successful breakout may then take ETH all the way up to the $3,400 area, which is fueled by robust institutional buying interest, accumulation patterns, and optimistic market sentiment. The consistent flows into both spot and futures ETFs also contribute to the positive outlook, indicating that investors continue to have faith in Ethereum’s long-term potential. On the negative side, if Ethereum cannot stay above the $2,850 resistance, it is possible that it will find instant support at its 200-day SMA. Breaking below this level can set off a further drop to the $2,500 level. Also, with RSI nearing overbought territory, the risk of short-term profit-taking and higher volatility is always there, particularly if leveraged positions start to deplete. Investors must be careful against surprise corrections amidst the general market gyrations.

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Ethereum at Risk of Double-Digit Declines As Rekindled Trade War Fears and Tariff Threats Cause Market Correction

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  • May 24, 2025
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Ethereum (ETH) is hard-pressed following President Trump’s rekindled tariff threats against the European Union and Apple, which prompted a market correction, sending ETH 3% lower to roughly $2,540. Although robust buying demand from US spot Ether ETFs and whales has thus far halted a complete bearish breakdown, Ethereum faces severe double-digit losses if it drops below the pivotal $2,500 support level. The recent price retreat is a reflection of a volatility shock due to concerns over trade wars rather than an inversion in market structure. But missing to hold major technical supports would see ETH fall back into the $2,100–$2,260 area, cooling its recovery momentum. KEY LOOKOUTS • Ethereum needs to hold above the $2,500 mark to prevent triggering major selling pressure and possible double-digit losses. • Breaking above this range is critical for ETH to get back into its uptrend and re-establish bullish momentum. • Fresh trade war concerns may boost volatility and selling pressure and impact ETH’s near-term price action. • Ongoing firm buying from giant holders and US spot Ether ETFs can play a key role in support against further sell-offs. H Ethereum’s near-term price action depends on maintaining the key $2,500 support level, as a fall below this would instigate heavy selling and propel the price toward the $2,100–$2,260 territory. On the long side, breaking above the resistance area of $2,750–$2,850 is key in reviving bullish pressure. Market sentiment is still weak in the face of renewed threats of tariffs from President Trump, which have revived concerns about a trade war and increased volatility. Nonetheless, robust purchasing power from whales and consistent flows into US spot Ether ETFs could potentially buffer Ethereum from steeper falls in the near future. Ethereum needs to stay above $2,500 to prevent further losses, with resistance at $2,750-$2,850 available for a reversal. Fears of renewed trade wars are adding to market volatility but continued whale support and ETF inflows can be the savior. • Ethereum (ETH) price fell 3% after President Trump threatened tariffs against the EU and Apple. • The $2,500 mark is a key support; breaking below it can result in double-digit declines. • Resistance is at $2,750-$2,850, which ETH needs to break above in order to pick up where it left off with its uptrend. • Fears of a renewed trade war have fueled market volatility and bearish sentiment. • Recent sell-offs have not destroyed the overall bullish market structure yet. • Whale investors and US spot Ether ETFs are displaying strong buying interest, acting as support. • Short-term technical indicators such as the MACD and Stochastic Oscillator indicate rising bearish momentum. Ethereum’s price has suffered after a fresh round of trade tensions reignited by President Trump’s threat of new tariffs on the European Union and Apple. The news has left the market in doubt, with investors playing it safe and sparking a wider sell-off among cryptocurrencies. This aside, Ethereum has been insulated by robust institutional investor interest from players such as big holders and US-based Ether ETFs, which provide a degree of stability amidst the chaos. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Ethereum’s outlook today is largely contingent on the direction of global trade tensions over the next few days. The crypto market may come under added pressure if risk-reassessment by investors continues to be fueled by apprehension of rising tariffs. Yet, continued support from top-tier investors and growing usage of Ethereum’s network and associated financial products could help the asset survive this bout of uncertainty. In summary, Ethereum is still a major player in the digital asset universe, but outside economic forces will have an impact on its short-term path. TECHNICAL ANALYSIS Ethereum is testing all-important support levels at $2,500, which are an important line in the sand for avert further losses. The price has recently encountered resistance at the $2,750 to $2,850 area, where selling pressure has invariably grown as investor break-even levels. Momentum indicators are weakening, with bearish indications that argue that recent correction may continue. But having strong dynamic supports like the 50-period moving average and ascending trendlines may keep losses in check, provided buying interest from large holders continues. A clean break below these supports would probably set the stage for deeper losses, but an effective bounce could indicate the resumption of the larger uptrend. FORECAST Ethereum manages to maintain above the key $2,500 support and breaks over the $2,750 to $2,850 resistance zone, it would indicate a fresh bullish momentum. Solid institutional investor inflows and sustained demand from large Ether holders could power the price even higher, potentially moving ETH to former highs. A break over this level would pull in additional buyers, supporting the rebound and paving the way for additional advances in the near term. Conversely, a breakdown below the $2,500 support level would invite selling pressure, sending Ethereum into a more severe correction mode. This would see it fall towards the $2,100 to $2,260 levels, marking double-digit losses from the current prices. New fears of trade wars and heightened market volatility can aggravate the risks of further declines, especially once investor mood turns negative. In this case, technical supports and buyers’ interest would be challenged, with scope for more weakness until confidence comes back.

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Ethereum Price Correction: Profit-Taking Causes Temporary Dip Amid Bullish Flag Setup

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  • May 16, 2025
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Following the powerful 30% upswing that occurred last week, Ethereum (ETH) investors are now taking profits, pocketing $1.5 billion and causing a temporary price drawdown from the recent high of $2,700 to approximately $2,530. In spite of rising selling pressure reflected in such key indicators as Age Consumed and Mean Coin Age, bullish sentiment is still supported by large inflows into accumulation addresses and staking protocols. ETH has major resistance levels of $2,750 and $2,850, where sustained breakout would authenticate a bullish flag pattern and the way to the $3,000 level. Technical indicators point to some diminishing momentum, however, and breaking below $2,100 could provide the window to further losses. KEY LOOKOUTS • Investors in Ethereum have made $1.5 billion worth of profits after last week’s 30% price rally, triggering short-term selling and a dip in price below $2,550. • In spite of the pullback, more than 640K ETH flowed into accumulation addresses and staking protocols, indicating continued bullish demand from long-term investors. • ETH will need to break and hold above $2,750 and $2,850 to verify a bullish flag pattern, which will drive the price towards the $3,000 psychological level. • RSI, Stochastic Oscillator, and MACD indicate declining bullish strength, prompting caution for a possible more profound correction if the support at $2,500 and $2,100 is broken. Ethereum (ETH) investors have started taking profits, cutting out $1.5 billion and inducing a short-term price correction from recent highs of about $2,700 to the levels of about $2,530. In spite of this selling pressure, bullish sentiment is still in place as more than 640K ETH went into accumulation addresses and staking protocols, which shows long-term interest continues unabated. ETH now has crucial resistance points at $2,750 and $2,850; a continued breakout above these could solidify a bullish flag pattern and propel prices to the $3,000 level. Yet, technical indicators like the RSI, Stochastic Oscillator, and MACD indicate declining momentum, implying a fall below important support levels around $2,500 and $2,100 would result in a more significant correction. Ethereum investors have taken $1.5 billion in gains following last week’s 30% gain, sending short-term falls into the region of $2,530. Firm inflows into accumulation addresses override selling pressure and reinforce bullish sentiment. Fundamental resistance at $2,750 and $2,850 will be pivotal for ETH to continue its advance towards $3,000. • The price of Ethereum retreated from $2,700 to approximately $2,530 as investors withdrew $1.5 billion of profits following a 30% climb during the previous week. • The selling pressure grew among all age groups, including long-term holders, as evidenced by an increase in ETH’s Age Consumed and drop in Mean Coin Age. • Not withstanding the sell-off, more than 640K ETH entered accumulation addresses and staking protocols, symbolizing continued bullish appetite. • Ethereum bulls hold up, averting a steeper price fall as more profit-taking is seen. • ETH has key resistance points at $2,750 and $2,850; breaking and holding above these may confirm a bullish flag formation. • A breakout would drive ETH prices above the $3,000 psychological level. • Technical metrics such as RSI, Stochastic Oscillator, and MACD indicate fading momentum, and a fall below $2,100 is likely to result in more downside risk. Ethereum investors recently took outsized profits after a solid rally, harvesting some $1.5 billion in gains. This profit-taking indicates increasing confidence among investors who rode the recent price surge. Meanwhile, most holders are still stacking and staking their Ethereum, indicating long-term optimism is strong despite some selling. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView The market sentiment is overall cautiously optimistic as Ethereum approaches key levels that might define its next course of action. If the momentum is sustained, Ethereum may draw in additional buyers and possibly hit new highs. But investors are waiting closely on how the market develops in the next few days, weighing taking profits versus holding for additional appreciation. TECHNICAL ANALYSIS Ethereum is presently charting important resistance levels at $2,750 and $2,850, which will be pivotal in validating a possible bullish flag formation—a signal that will open the gates to further upside towards $3,000. But momentum indicators such as the RSI, Stochastic Oscillator, and MACD are indicating that the bullish strength is fading, prompting caution as price finds support near $2,500 and $2,100. Failure to maintain these levels of support would more likely result in a further correction, and a breakout through resistance above the level would most probably reinitiate upward momentum. FORECAST If Ethereum is able to break and hold above the critical resistance levels at $2,750 and $2,850, it might validate a bullish flag formation that could propel the price towards the $3,000 psychological barrier. Sustained investment into accumulation addresses and staking protocols reflect strong demand from long-term investors, which may help buttress further buying pressure. Healthy market sentiment and increased buying pressure may enable ETH to overcome recent selling and move towards new highs in the near term. Conversely, if selling pressure continues and Ethereum declines below the significant support level of $2,500 to $2,100, it may indicate a more profound correction phase. Technical momentum indicators suggest declining bullish strength, further heightening the threat of an even longer pullback. A fall below $2,100 may leave the gate open for ETH to probe lower support areas, possibly at $1,688, which would rattle investor confidence and extend the consolidation phase.

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Ethereum In The Spotlight: ETF Outflows Surge More Than 60% As Price Suffers Near $1,580

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  • April 19, 2025
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Ethereum remains under intense pressure as its price treads around $1,580, bogged down by massive outflows from U.S. spot Ether ETFs, which have had their total net assets drop more than 60% since December. The sharp drop underscores increasing risk-off sentiment among institutional investors, particularly in the face of wider market uncertainty in the wake of Trump’s tariffs. Despite the bearish context, Tron’s founder Justin Sun has reasserted his long-term support of owning Ethereum, indicating faith in the network in the long term. In the meantime, whale activity and large ETH deposits by Galaxy Digital onto exchanges indicate warning is still in effect even as technicals indicate oversold conditions that could possibly indicate a reversal if significant resistance levels are regained. KEY LOOKOUTS • US spot Ether ETFs have recorded a whopping 60% decrease in total net assets, which reflects increasing institutional risk aversion and ongoing selling pressure on Ethereum. • Regardless of the downtrend in the market, Tron founder Justin Sun publicly assured that he will not sell his ETH holdings, which reflects continuous support and cooperation with Ethereum developers. • Galaxy Digital and other major holders have transferred considerable amounts of ETH to exchanges — a possible signal of additional sell-side liquidity on the horizon. • ETH’s Relative Strength Index (RSI) is on the verge of entering oversold levels, with the Stochastic Oscillator oversold since February — indicating potential for a technical bounce if market sentiment changes. Ethereum is under immense pressure as its price languishes at near $1,580, bogged down by a precipitous 60% decline in aggregate net assets among U.S. spot Ether ETFs — an unmistakable indicator of dwindling institutional confidence. Though big investors such as Justin Sun have put the market at ease by assuring that they will not sell their ETH stakes, whale movements give a nervous outlook as Galaxy Digital has deposited more than $79 million in ETH into exchanges in recent days. On the technical side, metrics like the RSI and Stochastic Oscillator indicate Ethereum is approaching strongly oversold levels, suggesting the potential for a reversal if sentiment and ETF outflows stabilize. Ethereum is under selling pressure as ETF outflows exceed 60%, pulling prices close to $1,580. Although the price declined, Justin Sun assured that he will not sell his ETH position, which reflects long-term faith. Technical charts now suggest chances of oversold levels, hoping for a probable recovery. • Ethereum price lingers at $1,580 during ongoing market downtrend and intense selling pressure. •  ETH ETF aggregate net assets have dropped more than 60% since December, showing aggressive institutional redemptions. •   Justin Sun calms investors, affirming no intent to sell ETH amid poor price action and market volatility. •  Galaxy Digital transferred more than $79 million in ETH to exchanges in the last five days, indicating possible sell-side pressure. •  Trump’s tariffs have intensified fear in the markets, which is partly responsible for the $909 million net exit from ETH ETFs. •  Technical chartists such as RSI and Stochastic Oscillator indicate ETH is oversold, which poses the risk of a reversal of price. •  A breach above the resistance level of $2,000 could turn Ethereum bullish, but a breakdown can lead to deeper capitulation. Ethereum remains in the limelight of market focus as U.S. spot Ether ETFs experience a steep fall in total net assets, declining more than 60% from their December peaks. The steep outflows indicate changing investor sentiment and increasing wariness in the crypto space, particularly in the wake of broader economic policy shifts such as Trump’s tariffs. Even in the tough environment, industry heavyweights continue to express their long-term confidence in Ethereum’s ecosystem. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Especially noteworthy is Tron founder Justin Sun’s public assurance that his company has no intention of selling its ETH holdings, even while the wider market readjusts to recent turbulence. Sun reaffirmed ongoing cooperation with Ethereum developers, affirming the perception that Ethereum’s foundational technology and developer base remain robust in spite of short-term market challenges. In the background, big crypto companies such as Galaxy Digital have been busily transferring ETH between platforms, underlining continued strategic maneuvers by institutions. TECHNICAL ANALYSIS Ethereum has been stuck in a consistent downtrend since mid-December, trading inside a falling channel for more than four straight months — its longest such sequence since inception. Leading indicators are sending warning signs of impending selloff exhaustion, with the Relative Strength Index (RSI) approaching the oversold region and the Stochastic Oscillator being oversold since late February. In addition, the Moving Average Convergence Divergence (MACD) indicates diminishing bearish momentum, and two back-to-back receding histogram bars suggest selling pressure may lose speed. A clean breakout above the upper channel boundary and retaking the $2,000 level could turn Ethereum into a bullish position, while losing support may lead to more downside and further capitulation. FORECAST In spite of Ethereum’s long downtrend, technical indicators are now starting to indicate a potential change in momentum. The Relative Strength Index (RSI) is nearing oversold levels, which tends to indicate that a price bounce may be imminent if buying pressure resumes. If Ethereum can break above its falling channel and successfully retake the psychological $2,000 resistance level, it may initiate a trend reversal and pave the way for a bullish bounce. Also, any positive news regarding ETF staking approvals or relief on macroeconomic pressures would reinforce investor sentiment and support upward momentum. Conversely, Ethereum is still at risk of further declines if the existing negative momentum continues. ETF outflows, already reducing total net assets by more than 60%, reflect deep institutional wariness, and this may bear down further on prices if outflows continue. A breakdown below the channel’s support line would most probably increase selling pressure, propelling ETH to new local lows and causing further capitulation among retail and institutional investors alike. Whale activity, such as Galaxy Digital’s big ETH transfers to the exchanges, is also an early sign that further downside risk still hangs over.

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Ethereum Price Flirts with Collapse as Whale Dump Creates Bearish Pressure at Pivotal $1,500 Support

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  • April 12, 2025
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The price of Ethereum has fallen back to approximately $1,540 after eliminating most of its tariff pause gains, as whale action and general market uncertainty create renewed selling pressure. Whales have dumped huge sums of ETH within the last 24 hours, taking whale balances to a five-month low and creating bearish sentiment. With bulls and bears in an impasse on the all-important $1,500 support zone, technical indications are that a risk of continued downside unless broad buying interest surges is emerging. The next few days shall prove critical to Ethereum, where a breach through this support opens up a gate to a broader correction into the $1,100 region. KEY LOOKOUTS • Ethereum is trading precariously near the $1,500 support level; a breach could lead to a steep fall to the $1,100 zone, visiting levels from the 2022 crypto crashes. • Large Ethereum whales have been unloading significant holdings, pushing their combined balance to a five-month low — an open invitation of risk aversion among large investors. • RSI, Stochastic, and MACD all point to growing bearish pressure, calling for additional declines unless bulls retake control above the downtrending channel. • Persistent global economic issues and the Trump administration’s tariff policy remain a drag on investor sentiment, constraining Ethereum’s potential to recover. The recent price behavior of Ethereum underscores several key factors investors need to monitor closely. The $1,500 level of support is under intense pressure, and a breakdown below it might initiate a more significant correction towards the $1,100 zone — which has traditionally been a very solid support zone. On-chain information indicates a sharp decline in whale holdings, indicating large-scale profit-taking and increased risk aversion among large investors. Technical indicators such as RSI, Stochastic, and MACD are signaling bearish momentum, which supports the possibility of further downside. Meanwhile, increased macroeconomic uncertainty, driven by persistent tariff talks and risk-off sentiment, keeps Ethereum’s potential for recovery dampened. Ethereum is finding it hard to maintain the important $1,500 level of support in the face of whale sell-offs and bearish technical indications influencing price action. A breach here may instigate a further correction towards the $1,100 levels. Macro uncertainty and losing bullish momentum put the market under tension. •  Ethereum wiped out recent gains and is currently trading at approximately $1,540, weighed down by whale-led sell-offs. •  Whale wallets have dropped their ETH holdings to a five-month low, indicating a shift in bearish sentiment. •   One major whale sold 10,702 ETH at $1,576 after remaining inactive for two years, contributing to the selling pressure. •  Ethereum is probing its crucial $1,500 support area — a determinative range for short-term direction. •  Technicals such as RSI, Stochastic, and MACD indicate building bearish momentum. •  A breakdown below $1,522–$1,500 would push ETH downwards towards the $1,100 area, a historical support area. •  Continued macro uncertainty and tariff-related risks still constrain Ethereum’s recovery and encourage market caution. Ethereum is once more under pressure with the shift of market sentiment with recent global developments. Following an initial optimism sparked by the recent halt of U.S. tariffs, faith started to dissipate, particularly when some of the largest Ethereum holders — the so-called whales — started selling a huge amount of ETH. Their unexpected selling behavior has sparked fears of the market’s stability since it tends to be an indicator of a shift in investor mentality. The crypto world now waits with bated breath to see how the market responds to these actions, particularly as uncertainty regarding international trade policy persists. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Meanwhile, Ethereum’s position as a top blockchain platform is not weakened by short-term investor responses. The network still draws developers, companies, and consumers who believe in its future role in fueling decentralized apps, NFTs, and DeFi. While the market can fluctuate with outside news and investor sentiment, Ethereum’s position in future digital finance is still considered very relevant. TECHNICAL ANALYSIS Ethereum is demonstrating increased weakening as it labors to maintain above pivotal levels of support. Recent price moves indicate bearish strength in increasing, with oscillators such as the Relative Strength Index (RSI) showing oversold signs, and the Moving Average Convergence Divergence (MACD) showing signs of ongoing decline. The price is moving in a decreasing channel currently and, unless the bulls can breach the upper barrier, there will always be chances of it plummeting further. Traders closely observe the area around $1,500 because maintaining this point could initiate short-term recovery but breaking below would pave the way for more serious losses. FORECAST If Ethereum is able to stay above the key $1,500 support level, then there is high likelihood of short-term recovery. A rebound from this area would drive ETH towards the $1,680 to $1,800 region that has served as resistance over the past few months. Optimism may also re-emerge if macroeconomic trends stabilize or new buying interest from retail and institutional investors increases. A breakout at $1,800 would be a bullish sign for buyers, and it could trigger a new bullish trend. On the flip side, not holding the $1,500 support level might push Ethereum deeper into a correction. If pressure to sell intensifies, the next significant price area to observe is between $1,100 and $1,000 — a level that stood strong amidst the steep plunges of 2022. Ongoing whale distribution, unfavorable global news, or poor investor sentiment might push this further downward, leaving Ethereum stuck in a bearish pattern until fresh drivers come along.

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Ethereum Price Comes Under Pressure in Light of Pectra Upgrade Slippages and Bear Market Mood

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  • March 8, 2025
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Ethereum’s price has been pressured of late, falling to some $2,150 with the Market Value to Realized Value (MVRV) metric below 1, reflecting a pull back to the undervalued territory. This slide follows setbacks for the Pectra upgrade on Holesky and Sepolia testnets that pushed back the mainnet upgrade. The issues are being worked on by the developers, but if ETH doesn’t bounce above $2,200, then it has chances of falling lower to $1,500. Institutional investors, in spite of the bearishness, have been buying ETH, which reflects a chance for a bounce as soon as the upgrade issues are addressed. KEY LOOKOUTS • Pectra upgrade issues on Holesky and Sepolia testnets, yet to be fixed, could slow down Ethereum mainnet upgrade and influence market mood. • Ethereum’s MVRV dipped below 1, indicating ETH is getting closer to its mean cost basis and potentially the lower end of the recovery zone. • Should Ethereum not take out $2,200, however, it then risks plummeting further to stronger support levels down at $1,500 that could trigger increased bearish sentiment. • Institutions are continuing to accumulate more ETH, signaling ongoing faith in the long-term price of Ethereum amidst short-term weak prices. Ethereum is also experiencing major challenges, mainly caused by delays in the Pectra upgrade on the Holesky and Sepolia testnets, which are important for the mainnet update. This has been responsible for bearish sentiment in the market, as seen in the decline of Ethereum’s Market Value to Realized Value (MVRV) ratio to below 1, indicating that the price is getting close to the average cost basis of investors. If Ethereum is not able to re-take the $2,200 resistance zone, it may be at risk of sliding further towards the crucial support level of $1,500. While the price is weak now, institutional investors are aggressively buying ETH in this downturn, hinting that they have faith in its long-term prospects and signaling a potential reversal once the issues with the upgrade are solved. Ethereum is facing delays in the Pectra upgrade, leading to a price drop towards the $2,150 level. If it does not recover above $2,200, ETH can fall to $1,500, although institutional accumulation indicates long-term growth potential. • Pectra upgrade problems on Holesky and Sepolia testnets have led to delays in Ethereum’s mainnet upgrade, which has impacted market sentiment. • Ethereum’s Market Value to Realized Value (MVRV) ratio fell below 1, which indicates that the price is close to the investors’ average buying cost, which might be a buy signal. • Ethereum has dropped to $2,150 and is at risk of more declines if it doesn’t break the resistance of $2,200. • Ethereum might go down further if it can’t bounce back above $2,200 and might go down further towards the next strong support level of $1,500. • In spite of recent price declines, institutional investors have seen a substantial rise in ETH accumulation, indicating faith in Ethereum’s long-term prospects. • The Relative Strength Index (RSI) and Stochastic Oscillator are indicating bearish momentum, which indicates a further downtrend unless a significant reversal takes place. • A daily candlestick close above $2,850 would negate the bearish scenario, indicating the possibility of a near-term price recovery. Ethereum is presently encountering issues as a result of delay in the Pectra upgrade, which has caused a hold-up in developing its mainnet. The upgrade, which offers considerable enhancements such as account abstraction and improved staking features, has faced technical difficulties during the test runs on the Holesky and Sepolia testnets. These have caused a bearish sentiment to arise in the market, where the price of Ethereum has suffered. Notwithstanding the hiccups, developers are in the process of fixing the problems and moving towards the successful rollout of the upgrade, which may make Ethereum more functional and scalable. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Meanwhile, institutional investors have maintained interest in Ethereum, stockpiling additional tokens in spite of the price swings. This implies that there remains faith in Ethereum’s long-term worth, with these large investors believing that it has the ability to grow once the upgrade problems are solved. Although the market will likely stay wary in the short term, Ethereum’s continuous development and institutional investor support growth indicate that it might recover eventually and solidify its place within the cryptocurrency environment. TECHNICAL ANALYSIS Ethereum is under the influence of a bear trend currently, as the price finds it difficult to cross the resistance point of $2,200. The MVRV ratio going below 1 indicates that Ethereum is drawing closer to investors’ average cost basis, a region that generally is a point of accumulation. Yet, major technical gauges such as the Relative Strength Index (RSI) and the Stochastic Oscillator are indicating ongoing bearish momentum, which indicates that a further drop towards the $1,500 support level is imminent if the price cannot regain bullish momentum. A daily close above $2,850 would negate the prevailing bearish view and could indicate a reversal. FORECAST Despite the current difficulties, there is hope for a reversal if Ethereum is able to break the resistance at $2,200. Institutional investors have been busy buying up ETH, expressing faith in its long-term outlook. Once the Pectra upgrade is effectively implemented, it could introduce new functionality and improvements to the network, fueling optimism. If Ethereum is able to breach the $2,200 level, then the next potential target would be the $2,850 level, which would negate the prevailing bearish perspective and indicate a possible price bounce. The price of Ethereum is under strong downward pressure as it is unable to breach the $2,200 resistance level. The ongoing setbacks in the Pectra upgrade, coupled with negative market sentiment, have contributed to Ethereum’s MVRV ratio falling below 1, indicating that the asset is underpriced. If Ethereum doesn’t bounce above $2,200, it could continue plummeting to the next significant support level of around $1,500, causing further selling. The Stochastic Oscillator and RSI are also indicating persistent bearish momentum, which implies that the risk of the downside is still dominant in the

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Ethereum Price Runs into Heavy Resistance as $1.8 Billion Shorts Stop Bull Run

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  • March 4, 2025
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Ethereum price action has been on a rollercoaster ride, shooting 15% up to $2,550 following Trump adding ETH to the US Crypto Strategic Reserve, only to drop 16% to $2,100 as speculators scrambled to take profits. Short sellers have taken over despite bullish sentiments from the Ethereum Foundation’s leadership change, using $1.8 billion in leverage to reinforce bearish control. While ETH falters under critical resistance of $2,400 and technicals reflect weak buying pressure, the market is in suspense. A move above $2,489 would rekindle bullish pressure, but until that happens, ETH has a bruising battle against the bears. KEY LOOKOUTS • With $1.8 billion in shorts, sellers have established robust resistance at $2,400, keeping Ethereum from resuming bullish pressure. • The hiring of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors may impact long-term market sentiment and project development. • Short-term speculators aggressively booked profits following Trump’s crypto announcement, causing a steep sell-off that halted ETH’s bullish rally at $2,550. • A breakout above the Keltner Channel midline at $2,489 may change momentum, indicating fresh bullish activity with a target towards $2,912. The price action of Ethereum has been highly volatile in recent times, plummeting sharply by 16% to $2,100 after a short 15% rise to $2,550 on the heels of Trump’s approval of ETH in the U.S. Crypto Strategic Reserve. Though the leadership reorganization at the Ethereum Foundation fueled hopes, short-term traders quickly took profits, leaving bearish momentum to reign supreme. With $1.8 billion worth of short positions creating a robust resistance at $2,400, ETH is stuck in a consolidation phase. If the buying pressure cannot recapture the midline resistance level of $2,489, Ethereum may see further losses, testing lower support levels of $2,066. Ethereum’s price experienced a steep 16% decline to $2,100 after it briefly surged to $2,550 after Trump’s endorsement and the Ethereum Foundation’s leadership change. With $1.8 billion in short positions providing stiff resistance at $2,400, bearish control continues to pressure the market. A breakout above $2,489 would indicate a possible rebound, but until then, ETH is susceptible to further losses. • Ethereum jumped 15% to $2,550 before dropping 16% to $2,100 as short-term speculators took profits. • ETH was included in the U.S. Crypto Strategic Reserve, improving sentiment before profit-taking led to a sell-off. • Hsiao-Wei Wang and Tomasz Stańczak being appointed as co-executive directors may impact long-term growth. • Bears accumulated 55% dominance, building solid resistance at $2,400 and curbing bullish momentum. • ETH lingers below the midline of the Keltner Channel, confining potential for an instant rebound. • In the event of continued selling pressure, Ethereum may test the lower limit of major support levels. • Breaking above $2,489 may initiate a rally towards $2,912, while further losses are possible under bear pressure. The market outlook for Ethereum is currently influenced by major events beyond price action. Ex-U.S. President Donald Trump’s declaration of a Crypto Strategic Reserve has put Ethereum in the limelight together with Bitcoin and other prominent digital currencies. The step is an indicator of increasing political acceptability of digital currencies, which could ultimately lead to increased adoption. Further, the leadership change at the Ethereum Foundation, with Hsiao-Wei Wang and Tomasz Stańczak becoming co-executive directors, has thrown open discussions regarding the network’s future. Their governance is to introduce new ideas to Ethereum development, solving past issues and guiding the network toward long-term development. ETHEREUM Daily Price Chart Chart Source: TradingView In addition to changes in governance, Ethereum remains at the forefront of the blockchain universe, driving decentralized applications (dApps), smart contracts, and DeFi and NFT innovation. As regulatory talks surrounding crypto continue to unfold, Ethereum’s participation in government-sponsored projects would enhance its legitimacy and place within mainstream finance. Yet, market sentiment is still divided as investors wait for more information on how these developments will influence Ethereum’s long-term future. With fresh leadership and greater institutional investment, Ethereum is at a pivotal crossroads that could determine its place in the decentralized technology of the future. TECHNICAL ANALYSIS Ethereum technicals show consolidation with high resistance around the $2,400 mark owing to heavy short interest. The Accumulation/Distribution (A/D) line depicts diminishing buying sentiment, indicating the possibility of outflows. The Keltner Channel (KC) midline at $2,489 represents a major area of resistance, and a long-term move through this point could signal a restart of bullish vigor. In case of sustained downtrend pressure, $2,066 is an important area of support. Having 55% superiority in short positions, bear sentiment is still predominant, and hence it is extremely important for the bulls to recover the key resistance levels to alter market momentum. FORECAST Ethereum may breach the $2,400 resistance mark, paving the way for a possible rally to $2,489. An extended move over this level will reflect renewed bull sentiment, and ETH can go for the $2,912 mark in future sessions. Positive market catalysts, including additional institutional adoption or positive regulatory advancements, may solidify an upward trend. Also, if the Ethereum Foundation’s leadership overhaul instills confidence in investors, it might support a long-term bull trend. Conversely, if selling remains persistent, Ethereum might find itself unable to sustain existing support levels. A drop below $2,100 can trigger a retest of the $2,066 support level, with lower losses possibly exposing ETH to deeper corrections. With $1.8 billion worth of short positions, bears already have a big advantage, pushing ETH into a period of consolidation. Unless market sentiment turns bullish and capital inflows resume, Ethereum could experience extended price stagnation or lower plunges before trying to rebound.

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Ethereum Price Forecast: Pectra Upgrade Gives Hope as ETH Tests Critical Resistance at $2,817

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  • February 15, 2025
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The Ethereum Pectra upgrade, which will be deployed to testnet on February 24 and March 5, has given hope to investors as ETH tests the pivotal $2,817 resistance. The upgrade comes with significant upgrades, such as converting wallets into smart accounts, improving validator experience, and opening up data availability. Whereas Ethereum’s rise in gas limit has resulted in cheaper transaction prices, total volume of transactions remains low owing to general market trends. Options data, however, shows a transformation from bearishness to guardedly optimistic mood, with a growing likelihood that ETH will reach $4,000 by June. Technical factors such as RSI, Stochastic, and MACD present mild bullish sentiments, but any fall below $2,200 would nullify the trend. KEY LOOKOUTS • February 24 and March 5 testnet launch may propel sentiment and shape ETH’s price direction over the next few weeks. • ETH’s consistent rejection at this level positions it as an important breakout point that may establish short-term bullish or bearish momentum. • Growing optimism in Ethereum options data points towards a bullish trend with a growing probability of ETH reaching $4,000 by June. • RSI, Stochastic, and MACD indicate weak bullish momentum; yet, a decline below $2,200 will negate the bullish scenario. The next Pectra upgrade, which is scheduled for testnet deployment on February 24 and March 5, is one of the important events that are likely to significantly influence Ethereum’s price action. With ETH testing the important $2,817 resistance level once again, market participants are monitoring closely for a possible breakout that can change the market sentiment into a bullish trajectory. Options market statistics show increasing optimism, with a higher likelihood of ETH attaining $4,000 by June. Technical indicators RSI, Stochastic, and MACD show low bullish momentum, but any fall below $2,200 could negate this thesis, making it important that traders closely observe price action. Ethereum’s Pectra upgrade, scheduled for testnet release on February 24 and March 5, is fueling investor hopes as ETH retests the $2,817 resistance. Options data indicate an increasing likelihood of ETH reaching $4,000 by June, while technical indicators point to moderate bullish momentum. But a fall below $2,200 would render this trend null. • Ethereum’s Pectra upgrade will go live on the Holesky and Sepolia testnets on February 24 and March 5, with a possible mainnet launch around April 8. • The upgrade consists of wallet metamorphosis to smart accounts, validator UX enhancements, and increased data availability, making Ethereum more efficient. • Validators raised Ethereum’s gas limit from 30M to 36M, resulting in reduced transaction costs, but transaction volume is still below previous highs. • ETH has consistently tried and failed to overcome this resistance, and thus it is an important level that can decide the short-term price direction. • Statistics indicate growing optimism among investors, with an increased likelihood of ETH reaching $4,000 by June, higher than the previous estimates. • RSI, Stochastic, and MACD indicate modest bullish momentum, with ETH struggling to hold gains above the significant resistance level. • A fall below $2,200 would reverse the uptrend, so it is a very important support to monitor over the next few weeks. Ethereum’s eagerly awaited Pectra update, which goes live on testnets Holesky and Sepolia on February 24 and March 5, is making waves in the crypto world. The update brings smart accounts, validator experience improvements, and increased data availability to Ethereum, which makes it more scalable and efficient. Consequently, the sentiment of the investors is slowly changing, and ETH is again testing the key $2,817 resistance mark, a fundamental price level which has long remained a solid boundary. Even though the gas charges have been lately cut, trade volumes are lower than anticipated and are probably based on overall market conditions and macroeconomic variables. Yet, a successful testnet launch of Pectra would reinforce investor confidence, which could lead to a bullish breakout in the next few months. ETHEREUM Daily Price Chart TradingView Prepared by ELLYANA Market sentiment in the crypto options market shows a conservative but increasing optimism, with the likelihood of ETH reaching $4,000 by June. RSI, Stochastic, and MACD hint at mild bullish momentum, signaling a potential uptrend if ETH can break above the $2,817 resistance. However, traders must stay cautious, as a drop below $2,200 could invalidate the bullish scenario, leading to further downside pressure. With the testnet launch on the horizon, Ethereum investors need to pay close attention to market responses since the Pectra upgrade has the potential to be a strong catalyst for ETH price action in the short term. TECHNICAL ANALYSIS Ethereum technical analysis shows modest bullish pressure, with important indicators touting a possible upward breakout. The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) have both bounced off their respective moving averages, which implies mounting buying pressure. The Moving Average Convergence Divergence (MACD) is also probing its red moving average line, as histogram bars move above the neutrality level, pointing to a likely turn towards bullish trend. ETH is now probing the $2,817 resistance level, which has been strong in the past. A breach above this level may validate the bullish momentum and propel ETH toward higher resistance levels. But if ETH is unable to hold above this critical point and breaks down below $2,200, then the bullish case may be proved wrong, opening the way for additional selling pressure. The technical indicators must be closely watched by traders for verification of the next trend direction. FORECAST Ethereum’s Pectra upgrade and recovering investor mood might propel ETH into higher price territory, with the possible breakout over $2,817 being the most significant trigger. In the event ETH manages to close over this resistance, it may accelerate and look towards $3,000–$3,200 in the near term. Additionally, option market sentiment indicates a growing possibility of reaching $4,000 for ETH by June, which shows growing confidence among investors. Technical analysts like RSI, Stochastic, and MACD also favor this view, indicating a possible continuation of the bullish trend if ETH continues its ascent. Moreover, reduced gas fees and

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