Institutions strengthen their presence: The recent correction below $3,000 seems more like a technical adjustment than a structural change. Ethereum (ETH, ≈3037.6 USDT) remains firm as the leading chain for tokenized assets and smart contracts, with ongoing institutional growth supporting a bullish bias in the medium term.
Fundamental Aspect (📈)
Sustained institutional confidence: VanEck has just increased and staked an additional 12,600 ETH and estimates a potential price of up to $22,000 by 2030, showing a clear long-term bet.
Innovation and traditional adoption: Amundi and CACEIS launched tokenized funds on Ethereum, reinforcing its role as global financial infrastructure.
Strong crypto correlation: The macro momentum from the Fed's expected rate cuts is also benefiting BTC, SOL, and DOGE, generating positive flows towards major cryptos including ETH.
Technical Aspect ($ETH #📈)
Support and technical rebound: After momentarily breaking below $3,000, ETH rebounded at support levels between $2950 – $3030, showing signs of recovery. The hourly MACD marked a bullish crossover while the daily RSI hovers in moderately oversold territory.
Flow in other cryptos: With BTC above 90 k USDT and SOL regaining strength, the environment favors rotations towards ETH and ADA as second options for high liquidity.
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🚨 Risk (🤔)
Volatility from liquidations: The drop below $3,000 triggered estimated liquidations of over $1.2 billion in long positions and net institutional outflows of $700 million in ETFs.
⚡ Action (📈)
Take advantage of support for accumulation: The current range between $2950–$3080 constitutes an optimal zone for tactical accumulation in anticipation of a potential rebound; moderate volatility justifies a conservative position size.
