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Ethereum is currently trading near its crucial support at $2,400. Certainly, on-chain indicators reflect bearish pressure. However, several experts are betting on a swift reversal. This is notably the case for Arthur Hayes, co-founder of BitMEX. He anticipates an exceptional performance from Ethereum against its competitors in the next 18 to 24 months. All the details below!
In Brief
- Ethereum is close to a rebound thanks to its updates and institutional interest.
- The ETH/BTC ratio is rising, signaling a possible altcoin season favoring Ethereum in 2025.
Ethereum: A complex but favorable price dynamic
The Ethereum price is currently oscillating between resistance and support, with mixed technical indicators.
- The daily RSI at 65 indicates fragile momentum.
- The MACD shows moderate bullish signals.
On the weekly scale, however, the momentum appears stronger. Indeed, the RSI is above 50. The MACD supports a positive trend.
The key levels to watch are therefore $2,605 and $2,921, with a psychological target at $3,000. In case of a correction, major supports exist at $2,323 and $1,873.
According to Arthur Hayes’ explanations, Ethereum currently stands as the best-performing crypto blockchain in terms of TVL and Proof of Stake security. He maintains that the current depreciation creates a rare investment opportunity, especially compared to Solana’s past outperformance.
Ethereum and Institutions: Accelerating Upgrades and Adoption
The development of Ethereum continues with the Pectra upgrade, which improves the scalability and stability of the crypto network. Preston Van Loon, lead developer, announces a faster pace of targeted forks.
With two annual forks, Ethereum aims for speed and stability. These are two key elements to attract institutional investors. The tokenization of real-world assets via the Ethereum blockchain is also expanding. That being said, the complexity of rollups and fragmentation remain challenges.
The ETH/BTC ratio, near its historical lows, rebounded by 38% in May, signaling a possible altcoin season. Furthermore, the growing demand for Ethereum ETFs strengthens institutional appetite, with selling pressure clearly weaker than on bitcoin.
In any case, Ethereum seems ready to play a major role in the 2025 cryptosphere. Its innovations and resilience could make it the essential platform versus its rivals. A true turning point for the crypto ecosystem!
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
