The post Ether Rally Likely If Price Holds Above $2.4K: Analyst appeared on BitcoinEthereumNews.com.

Ether could see further upside in the coming weeks if it manages to hold above the crucial $2,400 level, according to a crypto analyst. “So far, so good for ETH,” MN Trading Capital founder Michaël van de Poppe said in an X post on Thursday.  ETH may see reversal that market has waited for  “Holding above this crucial range low, we’re likely going to be testing the other side of the range in the upcoming weeks,” van de Poppe added. Ether (ETH) is trading at $2,452 at the time of publication, down 7.45% over the past 30 days, according to CoinMarketCap data. ETH hit $2,871 around two weeks ago, on June 11, before entering a downtrend a day later after Israel launched airstrikes on Iran that tanked financial and crypto markets. Ether is down 27.60% over the past 12 months. Source: CoinMarketCap The third quarter of each year has historically been the weakest for Ether, with an average return of only 0.88% since 2014, according to CoinGlass data. However, other analysts shared van de Poppe’s bullish view, with crypto commentator Crypto Fella pointing to the declining ETH/BTC ratio, which tracks Ether’s strength relative to Bitcoin (BTC), as a sign that upside may be ahead for Ether. “It’s almost time for the long-expected reversal,” Crypto Fella said. The ETH/BTC ratio is 0.02275 at the time of publication, down 6.84% over the past month, according to TradingView. The ETH/BTC ratio is down 6.71% over the past month. Source: TradingView Interest by large buyers of Ether has not gone unnoticed. Crypto trader Quinten Francois pointed to Glassnode data showing whales purchased 1 million ETH on June 16, which Francois noted was “the LARGEST daily buy since 2018,” Retail buying has also picked up as Wednesday marked the third day of inflows into spot…

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Filed under: News - @ June 27, 2025 9:29 pm