Analysts See $5,500 Rally Ahead as Market Stabilizes
The post Analysts See $5,500 Rally Ahead as Market Stabilizes appeared on BitcoinEthereumNews.com.
Ethereum After one of the most chaotic weeks in the crypto market this year, Ethereum’s sharp correction has not shaken confidence among institutional analysts. Experts from Fundstrat believe that the second-largest cryptocurrency is preparing for a major comeback that could lift it to new all-time highs above $5,500 – even after its recent plunge below $4,000. According to Fundstrat’s technical strategist Mark Newton, Ethereum’s downturn appears to be nearing exhaustion. He argues that the altcoin’s latest retracement is simply a technical reset following a strong rally in late September. Newton expects buying momentum to return within days, setting the stage for what he described as “a renewed bullish phase” capable of carrying ETH far beyond its previous peaks. Fundstrat co-founder Tom Lee, who leads digital asset investments at BitMine, echoed that sentiment. He called the recent pullback a “healthy cooldown” in what has otherwise been an exceptional year for risk assets. Lee noted that both traditional and crypto markets had risen sharply since the April lows triggered by U.S.-China trade tensions, suggesting that the current selloff is more of a pause than a reversal. Lee’s comments come as BitMine itself absorbs heavy unrealized losses – reportedly close to $1.9 billion – from Ethereum’s drop. However, blockchain tracking data indicates that the company is taking the decline as a buying opportunity. Analytics platform Onchain Lens reported that three wallets associated with BitMine withdrew more than 78,000 ETH (valued at roughly $300 million) from Kraken this week. The firm now controls over 2% of Ethereum’s circulating supply, positioning it as the largest public ETH holder. Analysts note that such accumulation by major players often coincides with long-term market bottoms. Ethereum’s previous recovery patterns show that heavy institutional inflows tend to precede significant rallies. With on-chain activity stabilizing and whale wallets becoming active…
Filed under: News - @ October 12, 2025 9:04 am