Has Ethereum Price Rally Ended Or Is It Just A Partial Pullback?
The post Has Ethereum Price Rally Ended Or Is It Just A Partial Pullback? appeared on BitcoinEthereumNews.com.
Key Notes Amid enough demand, ETH could reverse its current direction, staging a rally to $4,000-$5,000. Large investors, including Abraxas Capital and Ethereum whales, have significantly increased their holdings, with over 450,000 ETH accumulated in the past month. The ETH/BTC ratio has rebounded 38% from its five-year low, indicating Ethereum may be undervalued relative to Bitcoin. . Following strong gains to $2,700 last week, Ethereum is facing a pullback as the ETH price plummets 5% in the last 24 hours, slipping under $2,500 levels. This pullback comes amid a broader crypto market decline with investors evaluating as what happens next. Ethereum Price Pullback, Analysts Eye $1,800 as Key Support Zone Popular analyst Crypto Patel believes that Ethereum price could see a potential pullback following its rejection near the $2,500 Fair Value Gap (FVG) zone. The analyst further added that ETH is now entering a correction phase, with the price likely to drop into the $1,930–$2,100 FVG range. As per Crypto Patel, this zone aligns with a bullish order block near $1,810, wherein we can see heightened accumulation and chances of re-entry by investors. However, the analyst states that if Ethereum manages to stage enough demand at this level, it could pave the way for a rally toward $4,000–$5,000 in the next bullish cycle. $ETH Pullback Loading: Is $1,800 the Next Big Buy Zone?#Ethereum faced rejection near the $2,500 FVG zone and is now entering a correction phase. Price may drop into the $1,930–$2,100 FVG zone, which aligns with a strong bullish order block around $1,810. This area is a… pic.twitter.com/tExGXoojfZ — Crypto Patel (@CryptoPatel) May 17, 2025 However, investors should keep in mind that the recent Ethereum price rally comes along with heavy ETH accumulation by institutional players. In a massive accumulation, Abraxas Capital bought over $650M in the past…
Filed under: News - @ May 17, 2025 1:25 pm