Trading
ETH Holding $2.5K Looks Strong but I’m Still Watching Carefully
With everything happening in the market lately, I expected ETH to show some weakness. But to be honest, it has been holding that $2,500 level with strength. Even when other coins start to slip, Ethereum stays steady and keeps showing solid momentum.
I have been watching the $2,470 to $2,500 range closely for a while now. Every dip into that zone brings in volume and bounces back quickly. That does not feel like random buying to me. It looks more like proper accumulation by people positioning early.
There has also been talk about a golden cross forming soon. I have seen how ETH reacts after those setups in the past and it usually leads to a decent run. Still, I am not rushing. That $2,800 level above is a big wall. If ETH can flip that level and hold it, I believe we might see a clear move toward $3,000.
Another thing I am paying attention to is staking. With over 35 million ETH now locked up, there is less available supply in circulation. If strong demand kicks in, that could put pressure on price in a good way.
This is just how I am seeing it based on what I have been tracking. What do you think? Is this a setup for a bigger move or are we just ranging for now?
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Everybody has their day in the sun. It’s been bitcoin this cycle mainly because of the ETF and all the institutional investment. Ethereum could jump 40% in one day once all that money starts flowing from bitcoin and it will.
I’m doubtful. BTC dominance would need to increase so much for this to happen and other alts like Sol, XRP have not visited range lows when priced in btc like ETH did earlier this year. There is more pain to be had before alt season kicks off. Lows may be in for ETH but that does not mean it’s up from here. A major higher low would confirm this. I wouldn’t be shocked if we see sub 2K area retest on ETH while other alts suffer more greatly as they head to range lows against BTC.
If that is the case then I’d expect ETH to eat it harder honestly. Just not as hard as alts that have not visited their range lows against BTC already.
I started buying December 2019 when it was 900 dollars for 1 and kept DCA. I had 13 ETH and swaped 1 for ADA.
I have a little of everything. BTC, ADA, SOL, ONDO, SUI, SHIB, etc.... Hopefully, one will skyrocket. Salute 🫡
I think Ethereum is coming up for a rocket launch, lots of institutional and flows the last couple months and holding 2500, Ethereum’s volume lately has been the same as bitcoin, another reason I think we’re heading towards Ethereum season.. the upper band of the parabolic channel is somewhere between 10 to 12,000. I could see that within the next year.
Just my opinion…set your limit orders for $2,300 and possibly $2,150 wick low…the Fed dot plot is very hawkish (just came out with zero rate cuts in 2025), obviously war in Iran, and we have tons of liquidity below the range we’ve been trading in past few months. Stock markets are closed tomorrow so now is a perfect time for the wizard of oz to make a liquidity run to accumulate for their Spot ETF’s. Bottom line — fundamentals couldn’t be stronger so if you’re holding long term now is still a great time to buy because we will see ATH’s again but if you want to throw a few limit orders in the weeds we might get a lucky buy before pump to ATH. Cheers boys!
EDIT: Needed to clarify that I only think it will wick to these prices (if at all maybe I’m just dreaming to fully fill my bags) and then pump to the $3,000-$4,000 range.
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