Buying ETH on the spot market now could be a good opportunity if prices are near support ($1,800–$2,500) and technical indicators signal a bottom.
Ethereum’s strong fundamentals and upcoming catalysts (Pectra, ETFs) support a hold strategy, with $6,494 as a viable profit-taking target in a bull run.
Holding beyond $6,494 could capture further upside for long-term holder, but secure profits incrementally to hedge against volatility.
Only for SPOT Market!!!
Some news for my own consideration:
Ethereum’s strong fundamentals and upcoming catalysts (Pectra, ETFs) support a hold strategy, with $6,494 as a viable profit-taking target in a bull run.
Holding beyond $6,494 could capture further upside for long-term holder, but secure profits incrementally to hedge against volatility.
Only for SPOT Market!!!
Some news for my own consideration:
- Pectra Hard Fork (April 2025): The upcoming hard fork, set for May 2025, is a significant bullish catalyst. It will enhance Ethereum’s scalability, security, and user experience, potentially attracting more developers and users.
- Spot ETH ETFs: Ethereum’s U.S. spot ETF approval is a major milestone, with analysts noting its potential to drive demand. Posts from July 2024 suggested the market underestimated ETF impacts, which could materialize in 2025.
- Market Volatility: Ethereum faced significant declines, hitting its lowest level since November 2023 in March 2025 (down 15% in 24 hours). However, it showed resilience trading above $1,800 amid stock market turmoil in April 2025.
- Whale Activity: Large ETH holders have been active, with some selling for profits before market crashes (e.g., $399M moved in February 2025). This suggests potential price suppression but also opportunities to buy during dips.
- Broader Crypto Market: Bitcoin’s rally to $90,000 in April 2025 amid a turbulent stock market has spilled over to altcoins like ETH, supporting a bullish sentiment. A pause in U.S. tariffs also lifted risk sentiment, benefiting ETH.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.