📉💎 Ethereum Drops 4% — But Analysts Still See Path To $2,245+
ETH pulled back: ∼$1,835 after briefly hitting $1,930 this week 🔄
24h drop: -4%
🔘 Institutional headwind: $28M in spot ETF outflows
🔘 Despite that, 2 analysts still see upside ahead.
📊 Analyst Roadmap 1: Ali Martinez - MVRV Signal
🔘 Thesis: ETH reclaimed the 0.8 MVRV Pricing Band as support ✅
🔘 Historical pattern: Last 6 years, when ETH reclaims this band, it rallies to its Realized Price
🔘 Next target: $2,245 — that’s the current Realized Price level
🔘 If history repeats, reclaiming 0.8 MVRV = bullish setup.
📈 Analyst Roadmap 2: Tony Research - Correction Then $7K
🔘 Now: Correction into $1,800 zone after hitting $1,900 ✅
🔘 Next: Rally to $2,000, then ∼$2,200 if BTC hits $70,000
Then comes the shakeout:
🔘 7-10 days distribution → final bottom $1,260 - $890
🔘 Tony calls that a DCA opportunity before new bull cycle to $7,000
🔘 Could also see a wick to 2022 bottom without breaking trend
🔘 Caveat: This whole path depends heavily on Bitcoin’s performance.
🏦 ETF Flows: Institutions Take Profit
US Spot Ethereum ETFs: -$28M net outflows after 2 days of inflows
Breakdown:
🔘 Grayscale ETH: -$14.3M
🔘 Fidelity FETH: -$11M
🔘 Grayscale ETHE: -$4.8M
Institutional demand cooled off this week.
Bottom line 💡:
🔘 Short term pain: $1,835 + ETF outflows.
🔘 Bull case: Reclaim MVRV → $2,245. If BTC runs, maybe $2,200 first.
🔘 Longer term: Tony sees one more drop to $890-$1,260 before the real run to $7K begins.Key is holding $1,800 and watching BTC at $70K.
#EthereumETHdrops4percent1835dollars #AliMartinezMVRV0Point8band215dollarsTarget #EthereumInstitutionalDemandStallsETFoutflows
$ETH
ETH pulled back: ∼$1,835 after briefly hitting $1,930 this week 🔄
24h drop: -4%
🔘 Institutional headwind: $28M in spot ETF outflows
🔘 Despite that, 2 analysts still see upside ahead.
📊 Analyst Roadmap 1: Ali Martinez - MVRV Signal
🔘 Thesis: ETH reclaimed the 0.8 MVRV Pricing Band as support ✅
🔘 Historical pattern: Last 6 years, when ETH reclaims this band, it rallies to its Realized Price
🔘 Next target: $2,245 — that’s the current Realized Price level
🔘 If history repeats, reclaiming 0.8 MVRV = bullish setup.
📈 Analyst Roadmap 2: Tony Research - Correction Then $7K
🔘 Now: Correction into $1,800 zone after hitting $1,900 ✅
🔘 Next: Rally to $2,000, then ∼$2,200 if BTC hits $70,000
Then comes the shakeout:
🔘 7-10 days distribution → final bottom $1,260 - $890
🔘 Tony calls that a DCA opportunity before new bull cycle to $7,000
🔘 Could also see a wick to 2022 bottom without breaking trend
🔘 Caveat: This whole path depends heavily on Bitcoin’s performance.
🏦 ETF Flows: Institutions Take Profit
US Spot Ethereum ETFs: -$28M net outflows after 2 days of inflows
Breakdown:
🔘 Grayscale ETH: -$14.3M
🔘 Fidelity FETH: -$11M
🔘 Grayscale ETHE: -$4.8M
Institutional demand cooled off this week.
Bottom line 💡:
🔘 Short term pain: $1,835 + ETF outflows.
🔘 Bull case: Reclaim MVRV → $2,245. If BTC runs, maybe $2,200 first.
🔘 Longer term: Tony sees one more drop to $890-$1,260 before the real run to $7K begins.Key is holding $1,800 and watching BTC at $70K.
#EthereumETHdrops4percent1835dollars #AliMartinezMVRV0Point8band215dollarsTarget #EthereumInstitutionalDemandStallsETFoutflows
$ETH