Browsing: ETH

Ethereum’s recent surge to $4,500 signals a potential market bottom, with technical analysis revealing the return of the Power of 3 pattern that previously drove substantial gains. Combined with strong on-chain metrics, institutional accumulation, and cautious derivatives sentiment, Ethereum appears positioned for significant movement, though macroeconomic factors continue to influence short-term direction.

Ethereum’s recent price drop below $4,000 triggered significant liquidations, including a $36.4 million loss for one trader, amid technical breakdowns and market volatility. However, strong institutional accumulation, with exchange supplies at nine-year lows and robust onchain metrics, supports long-term resilience. Derivatives data shows cautious sentiment, while macroeconomic factors and analyst projections indicate a balanced outlook for recovery and future growth.