Ethereum

Ethereum is consolidating around the $3,000 mark, facing resistance but showing signs of a potential ‘bull flag’ pattern. Key support at €2,600 is critical, while a daily close above €2,665 could trigger a rally towards €2,880 and potentially €3,400.

A rare price pattern has emerged in Ethereum’s chart, the same signal that previously triggered a 260% surge. With analysts predicting up to $5,000 (€4,250), we explore the reasons behind these high expectations.

Despite a struggling crypto market, OKX’s free Ethereum trading bots have generated impressive returns, with one strategy achieving a 95.67% profit in one to two months by capitalizing on price volatility.

Analyst Tom Lee, Chairman of BitMine, believes Ethereum has reached its price bottom for the year. He cites ongoing accumulation by his firm and strong long-term fundamentals like DeFi and AI growth as reasons for optimism, despite current market volatility.

Ethereum’s ETFs have recorded their largest single-day inflow in six weeks, attracting over $270 million this week. The positive momentum comes as ETH outperforms BTC, though the market saw a broad pullback today.

Despite a bearish market and significant outflows, Tom Lee’s BitMine has purchased 138,452 ETH worth €364 million in a single week. The move, alongside similar bullish bets from crypto whales, signals strong confidence from major players in Ethereum’s long-term prospects.

Ethereum whales have opened long positions worth $426 million, signaling confidence in a price rise to $4,000, while the supply on exchanges hits a historic low.

BlackRock has filed for a new Ethereum ETF that includes staking, allowing investors to earn extra yield. The move comes amid a potentially more favorable regulatory environment under the new SEC leadership.

Ethereum’s supply on exchanges has hit an all-time low, dropping below 9% of circulating supply, leading analysts to forecast potential price increases despite recent market declines.

A key Ethereum indicator has turned bullish, a signal that previously preceded a 100% price surge. Analysts are now eyeing critical price levels, with some predicting a move towards $3,700 or even $3,900, as the supply of ETH on exchanges hits a historic low.