What Is Really Going On? Analyst Weighs In
This article also provides Spanish.
In recent months, the performance of Ethereum lags behind a broader cryptocurrency market. Bullish momentum I have seen in the market recently.
Although Bitcoin has reached a new climax again and again, Ethereum has been working hard to discount $ 4,000, far below its 2021 peak of $ 4,800.
In this slow recovery, an encrypted analyst named Projectw shared his opinion on Ethereum’s rejuvenation potential and urged investors to consider long -term situations.
detailed postal On X, Projectw outlines several factors that may promote Ethereum. Analysts emphasize that Ethereum has accumulated for many years within the extensive scope of transactions, which shows that this extended merger usually improves significantly before the rise in prices.
Although the negative emotions of Ethereum and narrative, narrative prefer other networks such as Solana, Projectw emphasizes Ethereum Long -term upward trend Keep complete.
The possible re -testing of 3,000 US dollars may be used as a catalyst, providing liquidity that pushes Ethereum to more than $ 4,000, and lays the foundation for a wider recovery.
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ETH/BTC’s performance and prospects
A key point of Projectw’s analysis is that Ethereum performs poorly for Bitcoin. So far, Ethereum has been working hard to match the income of Bitcoin during the market rally, and usually faces greater declines during market correction.
This trend is reflected in the ETH/BTC transaction pair, which should be kept at a higher time range. However, analysts determine the potential reversal area of about $ 2,700 in Ethereum. If ETH/BTC stabilizes these levels, this may change with structurally.
Ethereum’s major roll of soil comes: a fair evaluation
“Ethereum is dead. Sorana stole the show.”
You may have heard that this takes a hundred times.
The emotions about ETH are never so bad.
However, if we deprive our emotions and narratives-the long-term of Ethereum … pic.twitter.com/ipkxvuxbnj
-Projectw (@fitforcrypto_) January 29, 2025
Analysts also talked about the role of participants in municipal businessmen and institutions in shaping the price of Ethereum. According to Projectw, recently Negative coverage Ethereum (Ethereum foundation compares to the duplicate of Bitcoin) may not be accidental.
Instead, the main market participants accumulated Ethereum efforts at a lower price, which was observed in the past market cycle.
According to reports, the participation of participants such as Trump’s affiliated world free finance and other institutions has obtained a large number of Ethereum, adding another layer of complexity to the current market dynamics. Analysts wrote:
We know how this game works. MMS shifted the price to the location they wanted-especially in areas with high liquidity. What do they do? Media narrative. Recently, we have seen the positive promotion of ETH FUD in the main publications. -The questioned Ethereum Foundation-ETH’s performance of BTC is not good. Is it really a coincidence that this emphasizes this everywhere? Or the same old SM script? FUD → Retail panic is accumulated on the bottom → institutional accumulation on the market.
Ethereum’s core advantages and future prospects
Although it has not performed well recently, analysts believe that Ethereum’s Core foundation Keep strong. Projectw wrote:
Although there is noise, Ethereum is still the most important intelligent contract network. -DEFI’s deepest liquidity-the highest security and power decentralization-it has the strongest developer ecosystem, and the emotion is at the bottom of the rock. The actual basic principle indicates that ETH is still the backbone of the space. So this will leave us?
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Although there is no rally guarantee, Projectw recommends that the long -term conditions of Ethereum are consistent with the potential growth. The analyst summarized Closely monitor the progress of Ethereum In the next few weeks, with the signs of market participants, it continues to rise.
ETH prices are pushed up upward at a 2 -hour chart. Source: ETH/USDT on TradingView.com
Use the characteristic image created by Dall-E, the chart of TradingView
