$ETHUSDT - Major Breakout Alert! CRYPTOCAP:ETH has officially broken out of a long-standing descending parallel channel on the daily chart — a key structural shift in market sentiment. This breakout is further supported by a successful close above the 50 EMA, which had acted as dynamic resistance throughout the downtrend.
Key Technical Developments:
- Broke out of a descending parallel channel
- Closed above 50 EMA for the first time in weeks
- Strong daily candle with 8% gain confirms momentum shift
Immediate Support: $1,790 (former resistance zone turned support)
Next Major Resistance: $2,393
This is the mid-zone before ETH challenges the broader supply area around $2,550–2,850.
This breakout mirrors Ethereum's typical behavior during previous cycle expansions — grinding accumulation followed by aggressive breakout moves. The confluence of the EMA breakout and channel structure suggests we could be looking at the beginning of a broader trend reversal.
Trading Plan:
Retests towards $1,850–$1,790 can offer high R:R entries.
Watch for continuation patterns or consolidation above $2,000 for the next push.
CRYPTOCAP:ETH is reclaiming momentum — if BTC remains stable, this move could expand quickly.
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Ethereum's $2k Crossroads: Squeeze Up or Crash Down?Ethereum at a Crossroads: Eyeing $2,000 Amidst Short Squeeze Hopes, Crash Warnings, and Existential Questions
Ethereum (ETH), the bedrock of decentralized finance (DeFi) and the engine behind countless non-fungible tokens (NFTs), finds itself ensnared in a complex web of conflicting market signals and divergent analyst opinions. On one hand, recent price action shows resilience, with ETH powering through previous resistance levels and setting its sights on the psychologically significant $2,000 mark. This move is potentially bolstered by intriguing on-chain data, such as declining supply on major exchanges like Binance, sparking whispers of an impending short squeeze. Yet, casting a long shadow over this optimism are stark warnings: technical analysts point to rare, potentially bearish patterns forming, prominent trading firms question its fundamental value proposition compared to Bitcoin (BTC), highlighting its staggering year-to-date losses, and some even provocatively label it more akin to a "memecoin."
This cacophony of bullish hopes and bearish alerts places Ethereum at a critical juncture. Is the recent surge the beginning of a sustained recovery, fueled by tightening supply and renewed developer activity? Or is it merely a deceptive bounce within a larger downtrend, vulnerable to a potential crash as underlying weaknesses and unfavorable comparisons to Bitcoin take hold? Dissecting these opposing narratives is crucial for understanding the intense battleground Ethereum's price chart has become.
The Bullish Ascent: Powering Through Resistance, Eyeing $2,000
The immediate catalyst for renewed optimism stems from Ethereum's recent price performance. After a period of consolidation and, at times, significant downward pressure, ETH has demonstrated notable strength. Headlines proclaiming "Ethereum Price Powers Through Resistance — Eyes on $2,000?" capture this sentiment. Breaking through previously established resistance levels (potentially building on support found around the $1,800 mark) is a technically significant event. It suggests buyers are stepping in with enough conviction to overcome selling pressure that had previously capped advances.
Successfully reclaiming and holding levels above former resistance transforms these zones into potential new support floors, providing a base for further upward movement. The $2,000 level looms large, not just as a round number, but often as a key area of historical price interaction – a zone where significant buying or selling interest has previously materialized. A decisive break above $2,000 could inject further confidence into the market, potentially attracting momentum traders and reinforcing the bullish narrative.
The Binance Supply Drop and Short Squeeze Speculation
Adding intrigue to the bullish case is the observation of declining Ether supply on major exchanges, specifically Binance. Exchange supply is a closely watched metric. When the amount of ETH held on exchanges decreases, it generally implies that investors are withdrawing their coins to private wallets, often for longer-term holding ("HODLing") or for use within the DeFi ecosystem (staking, lending, etc.). This reduction in readily available supply on exchanges can, in theory, create a tighter market.
This dynamic fuels speculation about a potential "short squeeze." A short squeeze occurs when the price of an asset starts to rise rapidly, forcing traders who had bet against it (short sellers) to buy back the asset to close their positions and cut their losses. This forced buying adds further upward pressure on the price, creating a rapid, cascading effect. If a significant number of traders have shorted ETH, anticipating further price declines, a sustained move upwards coupled with shrinking exchange supply could create the conditions for such a squeeze, dramatically accelerating the price towards and potentially beyond the $2,000 target. While short squeezes are relatively rare and difficult to predict accurately, the declining supply on a major platform like Binance certainly adds a compelling element to the bullish thesis.
Underlying Strengths: The Long-Term Vision
Beyond short-term price action and supply dynamics, Ethereum's bulls point to its fundamental strengths. The successful transition to Proof-of-Stake (PoS) via "The Merge" was a monumental technical achievement, drastically reducing the network's energy consumption and changing its tokenomics by potentially making ETH a deflationary asset under certain conditions (where more ETH is "burned" via transaction fees than is issued as staking rewards). Ongoing scalability upgrades, often referred to under the umbrella of Ethereum 2.0 developments (like proto-danksharding via EIP-4844), aim to reduce transaction fees and increase throughput, making the network more efficient and attractive for developers and users.
Ethereum remains the dominant platform for smart contracts, DeFi applications, and NFT marketplaces. Its vast developer community, established network effects, and continuous innovation pipeline are often cited as core long-term value drivers that short-term price volatility cannot erase. For believers in Ethereum's vision, the current price levels, even after the recent bounce, might represent an opportunity to accumulate an asset with significant future potential.
The Bearish Counter-Narrative: Red Alerts and Worrying Comparisons
However, the optimism is heavily tempered by significant bearish signals and critiques. This serves as a stark warning. Technical analysis involves studying chart patterns and indicators to forecast future price movements. While the specific "rare pattern" isn't detailed, the emergence of such signals often causes significant concern among traders. Patterns like head-and-shoulders tops, descending triangles, or bearish divergences on key indicators can suggest that upward momentum is waning and a significant price decline could be imminent. Such technical warnings cannot be easily dismissed, especially when they align with other concerning factors.
The Stark Reality: Underperformance and the "Memecoin" Jab
Perhaps the most damaging critique comes from the direct comparison with Bitcoin and the assessment of Ethereum's recent performance. A large year-to-date drop is a brutal statistic, especially when Bitcoin, while also volatile, may have fared comparatively better during the same period (depending on the exact timeframe and BTC's own fluctuations).
Why the "memecoin" comparison? Memecoins are typically characterized by extreme volatility, price movements driven largely by social media hype and sentiment rather than clear fundamental value, and a lack of a distinct, widely accepted use case beyond speculation. While some calling Ethereum a memecoin is hyperbolic – given its vast ecosystem and utility – the critique likely stems from its recent high volatility and its struggle to maintain value relative to Bitcoin. The trading firm's assertion that Ether's "risk-reward is now unjustifiable compared to Bitcoin" encapsulates this view. They likely argue that Bitcoin's clearer narrative as a potential store of value or "digital gold," potentially bolstered by institutional adoption via ETFs, offers a more compelling investment case with potentially less downside risk compared to Ethereum, which faces ongoing scalability challenges, competition from other Layer 1 blockchains, and perhaps greater regulatory uncertainty regarding its status (security vs. commodity).
This underperformance raises difficult questions. If Ethereum is the backbone of Web3, why has its price struggled so much relative to its peers or even its own potential? Possible contributing factors include:
1. Capital Rotation: The excitement and capital inflows surrounding spot Bitcoin ETFs may have drawn investment away from Ethereum and other altcoins.
2. Regulatory Uncertainty: Ongoing debates, particularly in the US, about whether ETH should be classified as a security could be creating hesitancy among institutional investors.
3. Competition: Numerous alternative Layer 1 blockchains (Solana, Avalanche, etc.) are competing fiercely for developers and users, potentially fragmenting the market share Ethereum once dominated.
4. Post-Merge Narrative Shift: While technically successful, the immediate post-Merge price action was underwhelming for many, and the narrative focus may have shifted elsewhere.
Synthesizing the Dichotomy: A Market Divided
Ethereum's current situation is a textbook example of a market grappling with deeply conflicting data points and narratives.
• Bullish Signals: Price breaking resistance, targeting $2k, falling exchange supply, potential short squeeze, ongoing network development, strong ecosystem.
• Bearish Signals: Severe YTD underperformance, concerning technical patterns ("red alert"), critical comparisons to Bitcoin's risk/reward, being labeled "memecoin-like" by traders, regulatory overhang, Layer 1 competition.
This dichotomy creates significant uncertainty. Is the falling supply on Binance a sign of HODLer conviction paving the way for a short squeeze, or simply users moving assets to DeFi protocols, with little bearing on immediate price direction? Is the push towards $2,000 the start of a real trend reversal, or a bull trap set by bearish technical patterns? Is Ethereum's fundamental value being overlooked amidst short-term noise, or are the critiques about its risk/reward profile relative to Bitcoin valid warnings?
Investor Sentiment and Key Factors to Watch
This environment fosters polarized investor sentiment. Optimists see a buying opportunity, focusing on the recent strength and long-term potential. Pessimists see confirmation of underlying weakness and prepare for further declines. The path forward will likely be determined by several key factors:
1. Bitcoin's Trajectory: As the market leader, Bitcoin's price action heavily influences the broader crypto market, including Ethereum. Continued strength in BTC could provide a tailwind for ETH.
2. Technical Levels: Whether ETH can decisively breach and hold $2,000, or if it gets rejected, will be a critical short-term indicator. Equally important is whether current support levels hold during any pullbacks.
3. Exchange Flows & On-Chain Data: Continued monitoring of exchange supply, staking activity, and transaction volumes will provide clues about investor behavior.
4. Regulatory Developments: Any clarification on Ethereum's regulatory status, particularly in the US, could significantly impact sentiment.
5. Macroeconomic Environment: Broader market risk appetite, influenced by inflation, interest rates, and economic growth prospects, will continue to play a role.
Conclusion: Navigating Ethereum's Uncertain Path
Ethereum stands at a precarious crossroads. The recent climb towards $2,000, supported by encouraging signs like falling exchange supply, offers a glimmer of hope for bulls anticipating a recovery and perhaps even a short squeeze. However, this optimism is aggressively challenged by alarming technical warnings, significant underperformance compared to market expectations and Bitcoin, and pointed critiques questioning its current investment viability.
The "memecoin" comparison, while harsh, reflects a genuine frustration and concern among some market observers about ETH's volatility and perceived lack of decisive direction relative to the "digital gold" narrative solidifying around Bitcoin. The formation of rare bearish patterns adds a layer of technical urgency to these concerns.
Ultimately, the market remains deeply divided on Ethereum's immediate future. The battle between the potential for a supply-driven squeeze towards $2,000 and the risk of a pattern-induced crash is palpable. Investors must weigh the platform's undeniable long-term technological significance and ecosystem strength against the immediate headwinds of poor recent performance, regulatory ambiguity, and concerning technical signals. The coming weeks are likely to be crucial in determining whether Ethereum can overcome the prevailing skepticism and validate the recent bullish momentum, or if the bears will regain control, confirming the warnings of a continued downturn. The price action around the $2,000 level will be a key battleground in this ongoing struggle.
Disclaimer: The information presented in this article is for informational and educational purposes only. It is based on the analysis of the provided headlines and general market knowledge. It does not constitute financial advice. Investing in cryptocurrencies involves significant risk, including the potential loss of principal. Readers should conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.
Can ETH Really Hit $80K? Adoption Trends and Technicals Say, YESEthereum’s adoption is booming in 2025, with over 50 major enterprises building on its network, a 21.7% global crypto ownership share, and $102 billion in stablecoin volume. Daily transactions hit $13.74 billion, and new addresses doubled to 200,000 in January 2025. The 3W chart shows ETH at $1,859.1, oversold (Stochastic RSI -101.5), hinting at a potential bounce. A 43x increase to $80K would need a $40 trillion market cap—steep but not impossible given historical 400x growth (2016–2021). Layer 2 scaling and ETF inflows support the bull case, but competition from Solana and privacy concerns could hinder the journey. What do you think? Or am I just insane?
Ethereum (ETH) – Strategic Trade PlanEthereum (ETH) continues to show resilience, currently trading around $1,790 after a strong bounce earlier this month. While the crypto market remains volatile, ETH is holding key technical levels that could fuel a major move in the coming weeks.
🎯 Entry Points:
Market Price: $1,790 — Ideal for an early position, as ETH holds above critical support zones.
$1,645 — Secondary strong support, aligning with the 20-day EMA; great for scaling in if market pulls back.
$1,400 — Deep value zone, offering a high-risk/high-reward setup if broader market correction occurs.
💰 Profit Targets:
$2,500 — First major resistance. A realistic mid-term target if bullish momentum sustains.
$3,000 — Psychological milestone and breakout confirmation level.
$3,800+ — Ambitious but achievable with broader crypto market recovery and strong ETH network metrics.
🛡️ Risk Management:
Set stop-losses dynamically below each entry support level.
Scale into positions progressively to manage volatility.
Monitor macroeconomic trends and Bitcoin's influence closely.
🔍 Key Observations:
Strong on-chain activity supports a bullish thesis.
Current resistance around $1,812 must be broken to confirm bullish continuation.
Be cautious of sudden market-wide corrections — always plan your exits and manage your risk accordingly.
📢 Disclaimer: This is not financial advice. Trading cryptocurrencies involves significant risk, and you should only invest what you can afford to lose. Always perform your own research before entering any position.
Ethereum Up 30% — But Is This the Start of a Trend Reversal..?Ethereum Up 30% — But Is This the Start of a Trend Reversal..?
Ethereum has seen a notable bounce this month, climbing approximately 30% from its local bottom of $1,400 to its current level around $1,800. While this rally might appear promising at first glance, a deeper look at the daily timeframe reveals a more cautious picture.
Despite the recent price surge, Ethereum remains technically in a **downtrend**. A well-respected downtrend continues to hold as resistance, and ETH is currently **retesting this trendline**. This point of contact now sets the stage for two potential scenarios:
**Scenario 1: Rejection from the Trendline**
If Ethereum fails to break above the trendline, it’s likely to face **rejection**, which could send the price back toward the $1,400 level. A revisit to this support zone would form a **potential double bottom**, a classic reversal pattern. If that plays out, we could then start to look for signs of a genuine trend reversal.
**Scenario 2: Breakout Above the Trendline**
On the other hand, if ETH manages to **break through the trendline**, that alone shouldn't be a green light to go long just yet. There’s a significant resistance level sitting around **$2,100**, which has previously acted as a ceiling for price action. A true breakout would require Ethereum not only to cross this level but also to **sustain above it for 2–3 days**. Only then could a long position be considered relatively safer, with upside targets extending to **$2,800** and even **$4,000**.
**Final Thoughts**
While the recent rally is encouraging, it's essential to remain cautious. The downtrend isn't officially over until key technical levels are cleared and held. Until Ethereum breaks above both the downtrend and the $2,100 resistance zone — and proves its strength with sustained movement — the **best strategy may be to sit on the sidelines** and let the market play out.
Patience often pays in crypto — and right now, **watching closely** could be the smartest move.
ETH-----Buy around 1715, target 1800 areaTechnical analysis of ETH contract on April 23: Today, the large-cycle daily level closed with a big positive line yesterday, and the K-line pattern continued to rise. The price stood above the moving average, and the attached indicator was running in a golden cross. The current rise in the big trend is obvious. The previous high pressure position of 1700 is currently converted into the support position below, so the main idea is to keep retracement and do more; the short-term four-hour chart K-line pattern continued to rise, and the attached indicator was running in a golden cross, but the price deviated from the moving average and returned to the moving average support area of 1715. The hourly chart hit the high point in the morning and then came under pressure. From this point of view, it is likely to be a correction trend during the day, and the strength mainly focuses on the strength of the European session.
Therefore, today's ETH short-term contract trading strategy: sell at the current price of 1790, stop loss in the 1820 area, target 1735-1715 area, buy at the 1715 area, stop loss in the 1685 area, target 1800 area;
Ethereum UpdateHello traders,
I hope you’re all doing well.
ETH has just reached the potential range I mentioned in our previous update. From this point, a rebound from the current market price is likely. If ETH doesn’t bounce here, then the lower support is expected to hold.
Strategy:
~ Accumulation Range 1: $1400 to $1600.
~ Accumulation Range 2: $1000 to $1200.
~ Target: $3000 to $4000.
Always do your own research and analysis before investing.
Regards,
Dexter.
ETH-----Sell around 1600, target 1530-1505 areaTechnical analysis of ETH contract on April 11:
Today, the large-cycle daily level closed with a small negative line yesterday, and the K-line pattern was a single positive line with continuous negative lines. The price was below the moving average, and the attached indicator was dead cross. The downward trend in the big trend is still very obvious. Yesterday, we also explained that the suppression at the weekly level was very obvious, so it is difficult to break the high, continue, and form a trend. This is what we need to clarify first; the short-cycle hourly chart yesterday continued to fall in the European session and the US session, and the price support rebounded in the early morning. This is also expected. The right shoulder pressure of the head and shoulders top pattern is near the 1600 area. Yesterday, it reached the low point and rebounded to the right shoulder peak and then fell to complete the head and shoulders top pattern. Isn’t this very clear?
Therefore, today’s ETH short-term contract trading strategy: sell at the rebound 1600 area, stop loss at the 1630 area, and target the 1530-1505 area;
ETH CHART: I FOUND THE BOTTOM!HERE IS MY FUNDA REASON OR NEWS WHY I THINK THIS IS THE LAST DROP~! BEFORE WE RECOVER AND START THE BUILDING OF CRYPTO!
Price Decline and Market Sentiment: Ethereum's price has dropped below $1,800, marking a significant decline of over 45% since the start of the year. This has raised concerns about its market stability, with some analysts predicting further drops to $1,550 if key resistance levels aren't reclaimed.
Investor Sentiment and FUD: Fear, uncertainty, and doubt (FUD) have led to increased selling pressure. Retail traders have been offloading ETH holdings, resulting in reduced trading volumes and network activity. Active addresses and transaction volumes have also declined, signaling lower demand!
Technical Challenges and Resistance Levels: Ethereum has struggled to break past critical resistance levels, such as $1,900. Its failure to reclaim these levels has validated bearish patterns, with some analysts warning of a potential drop to 17-month lows!
Macroeconomic Factors: Broader economic uncertainties, including geopolitical events like tariffs, have contributed to Ethereum's struggles. These factors have added to the negative sentiment in both the financial and crypto markets.
Network Activity and Whale Behavior: While some large investors (whales) are accumulating ETH, the overall network activity has seen a decline. This mixed behavior has created uncertainty about the asset's short-term trajectory
ETHUSDT (4H) Analysis - Support, Resistance & Profit Opportunit🔥 ETHUSDT (4H) Analysis - Support, Resistance & Profit Opportunities
Based on the ETHUSDT (4H) chart, here are key support and resistance zones that can guide your trading decisions.
⸻
📌 1. Key Support & Resistance Levels
Price Level (USDT) Role Significance
2,858.82 Strong Resistance Sell target if price tests this level
2,732.76 Fibonacci 0.886 Resistance Potential retracement point
2,622.17 Fibonacci 0.786 Resistance Key level for bullish continuation
2,436.40 Fibonacci 0.618 Resistance If broken, potential bullish trend shift
2,305.91 First Resistance Breaking above could lead to further gains
2,125.10 First Support Key level for buyers to step in
1,928.14 Current Price Attempting recovery
1,861.48 Secondary Support Important level for a rebound
1,753.00 Strong Support If broken, potential further downside
1,492.03 Stop Loss Level Below this, long-term downtrend risk increases
⸻
📊 2. Trading Strategies
💰 ✅ Long (Buy) Strategy
• Wait for a retest at the support zone 1,861 - 1,753 USDT
• Set a Stop Loss below 1,700 USDT
• Target Take Profit (TP) levels at 2,125 - 2,305 - 2,436 USDT
🔥 Aggressive Entry:
• If the price breaks above 2,305 USDT with strong volume, consider a Follow Buy targeting 2,436 - 2,622 USDT
⸻
📉 ❌ Short (Sell) Strategy
• If price rejects at 2,305 - 2,436 USDT with bearish signals (Bearish Engulfing / Shooting Star)
• Set a Stop Loss above 2,450 USDT
• Target TP levels at 2,125 - 1,928 - 1,861 USDT
⚠️ If price breaks below 1,753 USDT, it may drop further to 1,500 USDT
⸻
🔎 3. Key Signals to Watch
✅ If price breaks 2,305 USDT with high volume, bullish continuation is likely.
❌ If price gets rejected at 2,305 - 2,436 USDT, a pullback may occur.
⚠️ If price breaks below 1,753 USDT, strong selling pressure could follow.
⸻
💡 Summary
• ETH is recovering from 1,928 USDT support
• Breaking 2,305 USDT could lead to 2,436 - 2,622 USDT
• Failure to break could result in a retest of 1,861 - 1,753 USDT
Ethereum at Critical Levels – Breakout or Breakdown for ETH?Ethereum (ETH) is looking heavily overextended right now 📊, with price action pressing into key support zones on the daily and weekly charts ⏳. The market is at a critical juncture, and a sharp pullback 📉 could be on the cards.
This could present a short-term counter-trend buying opportunity on the lower timeframes 💰, but if ETH pushes higher, it may offer a prime short setup 🎯.
⚠️ Not financial advice – trade smart and manage risk accordingly! 🚀
Ethereum at Key Support Zone: Is a Counter-Trend Setting Up?Ethereum (ETH) is currently in a strong bearish trend 📉, but it has traded into a key support zone 🛑 and seems overextended, in my opinion. Looking at the price action and market structure on the daily and four-hour timeframes, we’re now seeing Ethereum form higher highs and higher lows on the four-hour chart 📊. While it’s still early, if we see a break above the current range high on the four-hour timeframe, there could be an opportunity for a counter-trend trade 🔄, targeting equilibrium ⚖️ and a previous imbalance highlighted in the video. As always, this is for educational purposes only and should not be taken as financial advice 💡.
ETHEREUM COIN ANALYSIS AND NEXT POSSIBLE MOVES!!CRYPTOCAP:ETH Coin Update!!
• Technically Overall CRYPTOCAP:ETH Structure look Bearish.
• Two major support areas are marked on a chart.. ( First Support 1950$-1880$ ) & ( 2nd support is 1550$ )
• Where you are able to add CRYPTOCAP:ETH For Long-term in your Portfolio & Also you are able to build trade setups on it... If price respect these levels🫡
Warning : DYOR Before taking any action🚨
Ethereum Market OverviewThis analysis builds upon the previous technical outlook, identifying three key patterns on Ethereum’s daily timeframe:
1. Ascending Channel
Ethereum has been trading within a well-established ascending channel since 2018. Each time a new all-time high (ATH) is reached, price consistently tests the channel’s resistance, while the major support level was formed on March 23, 2020, creating a strong demand zone that remains intact.
Currently, ETH has reached the lower boundary of this channel at $2,128, a key support level. If a bullish reversal occurs, the next upside target aligns with the ascending channel resistance at $8,463.
2. Symmetrical Triangle
A symmetrical triangle pattern has been forming since March 23, 2020, with its support level coinciding with the lower boundary of the ascending channel. A confirmed breakout above $3,600 would validate this pattern, triggering a bullish AB=CD extension, with a price projection towards $8,463.
3. Fibonacci Retracement
Currently, ETH is testing the 0.618 Fibonacci retracement level, a critical zone for potential trend reversals. If this level holds against bearish pressure, the next bullish projection aligns with the 1.618 Fibonacci extension at $5,319.
Breakdown Risk & Buyback Strategy
If the current support level fails, ETH could see a maximum downside correction of -26%, targeting $1,600. This level presents a high-probability buyback opportunity, offering a potential +437% upside, should Ethereum rally towards its extended price projection at $8,463.
This analysis underscores the importance of risk management and technical confirmation signals before executing any trades.
Ethereum (ETH): Bullish momentumEthereum (ETH): Gaining Strength as BTC Flows Shift
Ethereum is entering a key momentum shift, signaling the beginning of a bullish cycle as it starts absorbing liquidity from Bitcoin. Over the past seven days, BTC has seen a -1% decline, while ETH has gained +3.8%, indicating a potential rotation of capital into ETH.
This shift marks the start of Ethereum's next breakout phase, as it prepares to challenge the critical $4,400 resistance from May 2021. Successfully breaking this level could pave the way for a new all-time high, with a long-term target of $6,600 by the end of 2025.
Key Levels to Watch
Short-Term Target: $4,400 – Breaking this level confirms Ethereum’s strength.
Mid-Term Resistance: $5,200–$5,500 – A breakout above this range would accelerate the bullish scenario.
Long-Term Target: $6,600 by late 2025, fueled by capital inflows and increasing ETH dominance.
Conclusion: ETH Entering a Bullish Phase
Ethereum is showing early signs of strength, with capital rotation from BTC supporting a potential major breakout. The next critical step is breaking $4,400, which could open the path toward a new all-time high and a long-term bull run toward $6,600. The market is now shifting, and ETH is positioning itself as a dominant player in the next phase of the bull market.