NEWSLETTER
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After a relatively moderate price performance in 2024, ethereum (eth) could be on the verge of a significant break. A recent analysis of a well -known cryptographic analyst suggests that the second largest digital asset can soon enter what they call its “most hated rally.”
Is ethereum's time finally to shine?
Since it reached its historical (ATH) of $ 4,878 in November 2021, ethereum has fought to recover impulse, while other cryptocurrencies such as Solana (Sun), Sui and XRP have delivered substantial performance to investors.
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Currently, eth is quoted at $ 2,649, only 5.5% higher than its price exactly a year ago. In marked contrast, XRP has increased a surprising 365% during the same period. Even bitcoin (btc), despite its much larger market capitalization, has registered a 100% gain in the last year.
As a result, the confidence of eth investors seems to be decreasing. Recent analysis in the chain <a target="_blank" href="https://bitcoinist.com/crypto-whale-offloads-10070-ethereum-is-eth-losing-its-appeal/” target=”_blank” rel=”nofollow”>indicates That the 'whales' eth, wallets with significant eth holdings, have been downloading, even with loss.
However, this trend could change dramatically. According to crypto's Titan cryptographic analyst, ethereum's “most hated rally” could be just around the corner.
The analyst draws parallels between the current price action of ethereum and bitcoin's behavior during his third market cycle between 2018 and 2020. The weekly table below <a target="_blank" href="https://x.com/Washigorira/status/1889070383539573175″ target=”_blank” rel=”nofollow”>illustrated The amazing similarities between the two assets.
According to the analysis, ethereum is currently known as the “manipulation phase.” If the story is repeated, eth is likely to enter the “career phase” once it breaks decisively through the “reactumulation phase.”
In particular, the graph also emphasizes that eth has faced the rejection of a crucial resistance level around $ 4,000 exactly three times, which reflects bitcoin's behavior during its third market cycle before leaving.
Similarly, another cryptographic analyst, TED, compared ethereum's pricing table with XRP. He <a target="_blank" href="https://x.com/TedPillows/status/1889257447577264130″ target=”_blank” rel=”nofollow”>grades That XRP remained in a consolidation phase for almost three years, experiencing little or no price movement, only to increase by 250% in just five weeks.
Alcista signs for ethereum
Despite the coverage funds tenure A big short position in eth due to its recent performance performance at the bottom, analysts are optimistic that 2025 will bring joy to the Bulls eth.
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For example, recent analysis of the Kiu_coin cryptographic analyst suggestions That eth is on the cusp of an explosive price rally that can send it to $ 17,000. Other report Posted in January 2025 projects the price of eth to rise to $ 8,000, surpassing btc.
Another sign of growing confidence in ethereum is the growing capital entry in funds quoted in ethereum exchange (ETF), surpassing Bitcoins ETFs in recent weeks. This trend indicates Renewed optimism and possible capital rotation in eth. At the time of publication, eth is traded at $ 2,649, a lower 1.1% in the last 24 hours.
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(Tagstotranslate) Altcoin
