Ethereum’s native cryptocurrency, Ethher (Eth), fell below $3,700 after a strong rebound recorded last week, and was able to surpass $3,800 resistance five months later.
When this memo was published, The ETH price is $3,724, exceeding 20% of its history maximum (ATH). We reached November 2021 as seen in the following TradingView graph.
Price drops occur in that context Many investors have begun to make profits. In this regard, research and research analyst research Min Jung points out that price adjustments are being made “without a clear catalyst.”
What’s more, despite this revision, there is still a reason why Ethereum currency investors feel undisappointed. It is not yet known that this price adjustment will deepen. In fact, it’s the exact opposite. Perhaps for a while, Ethh will lie down in the $3,500-3,900 range.
This is important because integrating these levels gives you the impulses needed to surpass the $4,000 psychological barrier.
Furthermore, trend metrics indicate that ETH cryptocurrencies are still on a bullish trajectory.
One of these is the Index Mobile Average (EMA). This is a metric that has proven to be a reliable tool for identifying changing market trends and potential entry points.
For example, one of the most used strategies is to observe Crossing between the 10th and 20th EMA: If 10 days exceed 20, it is usually considered an entry point. If a relationship is invested, it is interpreted as a possible output signal.
At this time, the 10-day EMA (blue line) remains over 20 days (red line), indicating that from a technical point of view there is no reason to remove the ETH position.
Another common metric to follow trading trends is SuperRend. Based on that Average true range (ATR), combines information on market management and volatility to enable possible trend changes and define levels Stop loss (Loss halt).
The operation is easy. It shows lines that change color according to price movement. If it’s green, that means bullish and red when the trend is bassist.
As can be seen in the following graph, there is a current upward trend.
Corporate interest in ether is growing
Another factor supporting the idea that ETH is integrating bullish structures is the growing interest that awakens on Wall Street.
As Cryptootics reports, More and more companies are analyzing the possibility of incorporating ether To his Treasury as a reserve asset. A sample of this trend is that there are currently 2 million ETHs in the hands of businesses, foundations, DAO protocols and government agencies.
Financial Markets analyst James Ford explains the phenomenon “is because institutions are beginning to realize that ETH can ultimately be the basis for a critical trend that can redefine not just cryptocurrencies but finances.”
And the most important thing to emphasize in this “realization” is that institutions look at assets that generate additional revenue through staffing at ETH. One of the companies benefiting from this strategy is Sharplink (SBET), a sports betting company located in Nasdaq.
“Everything shows that the trend continues to accelerate for “Treasury businesses on ETH”,” said Matt Hougan, investment director at Bitwise Digital Asset Management Firm. In itself, the actions of these companies cite premiums in regards to the value of the encryption they own.
In other words, Hougan emphasizes that it values companies that accumulate ETH for future forecasts as well as the value of assets owned by investors. That “cosm” suggests confidence in the model and can encourage more companies to adopt similar strategies.
However, this does not end institutional adoption. Ethef Bolsa (ETF) funds were captured in July so far Over $2.2 billion ticketspromoted this rebound at the price of the asset.
Since launching into the market, these financial products have accumulated over $880 million.
Alcist Projection
Finally, we should not lose sight of the fact that ETH’s bullish projection continues in 2025.
Standard Chartered, a UK-based multinational bank, predicts that Ethereum’s currency will be $4,000 in 2025.
Meanwhile, bit by bit, ETH is a project that could exceed the historic maximum of $4,890 by the end of the year.
On his side, Julio Moreno, head of research at Cryptoquant, explains it The fact that ETH is approaching $4,000 resistance is important Faced with the future. This is because the price is $5,240, a metric that reflects the average price the investor has purchased the ETH.
This suggests that breaking the $4,000 barrier will result in ether taking a long bullish journey.
