It was the start of June when the second-largest cryptocurrency last traded above the $2,000 psychological level and is currently down 60% on a yearly scale.
Despite the downfall, many analysts see upside potential, while some believe the ongoing conditions represent a great buying opportunity.
The Right Strategy?
As of press time, ETH is worth around $1,880, as some market participants are perhaps waiting for the ultimate confirmation that the cycle’s bottom has arrived so they can jump on the bandwagon. According to Michael van de Poppe, that moment never comes, claiming the ideal time to position yourself in ETH is literally right now.
“It’s always awkward to be positioning yourself into a position, as that’s the purpose of the markets. Previous breakouts of the market have resulted in generally big returns, as ETH is known for volatile movements. In that sense, last time a 60% breakout in less than a week took place. In 2023, the same happened,” he added.
Van de Poppe said he wouldn’t be surprised to see such an upswing in the following months, with a rally to $3,000 in a matter of days/weeks. Shortly after, the analyst argued that “a volatile move” is on the horizon, suggesting that ETH’s range is getting smaller day after day and that a pump might be coming next.
“Remaining positive for the coming period,” he concluded.
Other commentators who have also recently touched upon Ethereum include Ali Martinez and Gerla. The former opined that the drop to $1,580 in June was the launchpad for a potential upcoming rally, setting $3,000 as the target. Martinez noted that this level has historically acted as a precursor to major revivals on multiple occasions.
X user Gerla was even more bullish, spotting an RSI signal that has previously been followed by a price explosion. That said, the analyst thinks the next move could send ETH to a new all-time high above $10,000.
The Factors to Consider
Multiple elements hint that ETH may indeed be poised for a substantial ascent. Not long ago, CryptoQuant revealed that large investors (those holding between 10,000 and 100,000 coins) and “mega-whales” have accumulated aggressively since mid-2025. At the same time, smaller players have been selling, which is typically considered a bullish combination.
The next factor on the list is the amount of ETH stored on exchanges, which continues to hover near a 10-year low. This suggests that many investors have transferred their holdings from centralized platforms to self-custody, effectively reducing immediate selling pressure.
Last but not least, we shall pay attention to the institutional interest in ETH. Since the start of July, spot Ethereum ETFs have seen a strong wave of inflows, possibly paving the way for a potential price move north.
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