Ethereum shows signs of bullish, explosive upside action
Despite the growing FUD, a few remain bullish for altseason
The price of ETH could enter its price discovery phase again.
As the price of Bitcoin (BTC), the pioneer crypto asset, dwindles down to hit much lower prices, many analysts are expecting the asset to bottom at further lower price targets. This falling BTC price is leading to falling sentiments for altseason as well. With dimming hope for altseason, only a few analysts remain bullish. At the moment, Ethereum shows signs of bullish explosive upside action, meaning ETH price could enter discovery range again.
Ethereum Shows Signs of Bullish Explosive Upside Action
With the price of BTC falling at a rapid and unprecedented pace, market sentiments have been falling just as rapidly. Presently, expectations for the bull market to have come to an end have increased inexplicably. This means that expectations for new altcoin ATH prices are also very low. Reflecting this low sentiment in the price of Ethereum (ETH) itself, which is trading at the $2,900 price range
Based on CoinMarketCap analytics, the price of Ethereum (ETH), the pioneer altcoin asset, is trading in the $2,900 price range, indicating that the asset is down by over 6% in the last 24 hours. The altcoin is also boasting a total market cap of $361,226,532,764.76 and a 24-hour trading volume of $48,835,667,447.29. Its latest ATH was set 3 months ago in the $4,953 price range
ETH Could Enter Price Discovery Again
Presently, only a few analysts remain bullish and hope to see a new ETH ATH price in the coming months. This would mean that ETH needs a pump of almost 40% to reclaim its previous ATH price and go about setting a new ATH prices. Indeed, it won’t be an easy feat for ETH to reenter its price discovery range. In fact, the asset will need to see a monumental flow of liquidity to set new ATH prices soon.
Despite these odds, a handful of altcoin enthusiasts and ETH fanatics remain bullish. As we can see from the post above, this analyst compares the ETH price charts of 2021 and 2025 and notices a repeating pattern, one that suggests a massive price comeback. In detail, the analyst highlights a 38% ETH price dump and says the same fear and bull pattern is playing out once again
Another popular analyst adds to the conversation and states that things do seem very bleak at the moment, but is certain that a turnaround will play out. Thus, he refuses to sell his portfolio and says that the current state of the crypto market marks the heaviest disconnect he’s ever seen between prices of assets within crypto and the fundamental growth that’s been taking place.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Yesterday, the US Ethereum spot ETF experienced net outflows of 8.44 million dollars, with ETHA outflows of 33.35 million dollars.
Gate News reports that on March 26, according to monitoring by crypto analyst Trader T, US spot Ethereum ETFs saw net outflows of $8.44 million yesterday. Among them, BlackRock's ETHA experienced net outflows of $33.35 million; Fidelity's FETH saw net inflows of $23.80 million; BlackRock's staking version ETHB recorded net inflows of $1.11 million.
GateNews17m ago
A major whale closed out 8.6 million in scale ETH long positions at a principal-protected level, with an average closing price of $2,159.
According to Hyperinsight monitoring, a large investor closed their ETH long position on March 26, with an average closing price of $2,159, generating a profit of approximately $15,000, with cumulative profits reaching $120,000. The long position was opened on March 20 with an initial position size of approximately $8.67 million.
BlockBeatNews28m ago
A certain whale closes out 8.6 million USD scale ETH long position at an average closing price of 2159 USD
On March 26, Hyperinsight detected a whale closing all of its ETH long positions at an average price of $2,159, making a profit of approximately $15,000 and covering transaction fees. The long position was opened on March 20, with a peak holding value of $8.67 million and cumulative profits of $120,000.
GateNews37m ago
Google Quantum Threat Warning: 2029 Becomes Post-Quantum Cryptography Final Deadline
Google announced setting a post-quantum cryptography migration deadline of 2029, warning that quantum computing threats may arrive sooner than expected. The deadline is based on accelerated progress in quantum hardware and error correction technology. Blockchains such as Bitcoin and Ethereum have also begun deploying post-quantum security solutions, though the community remains divided on the severity of the threat.
MarketWhisper59m ago
Distributed Shenbo: Set Bounty to Recover Approximately $42 Million Stolen Three Years Ago
Shen Bo, founder of Distributed Capital, had his personal wallet compromised in November 2022, resulting in losses of approximately $42 million. After three years of tracking, the team has obtained key leads and is publicly soliciting information from those who can provide clues, offering rewards of 10%-20% based on contributions. Approximately $1.2 million in assets has been frozen so far, and the team has expressed gratitude to individuals and teams who have continuously provided assistance.
BlockBeatNews1h ago
Google Sets 2029 Target for Post-Quantum Cryptography Migration, Six Years Ahead of Government Goal, Crypto Industry Must Keep Pace
Google announced 2029 as the deadline for completing post-quantum cryptography migration across all products, six years ahead of the U.S. government's 2035 target. Quantum computing poses a threat to current cryptographic methods, with major blockchains adopting different response strategies. The Bitcoin community holds divided views on the risks, while Ethereum plans to provide corresponding protections by 2029. Time is tight, and industry action needs to accelerate.
動區BlockTempo1h ago
