Ethereum is trading above $1,900 after reclaiming its long-term downtrend, putting the $3,000 level back in focus. While some analysts expect a slower recovery, prediction markets and technical indicators suggest ETH could continue moving higher.
Crypto analyst Kaleo said he does not expect Ethereum to trade above $3,000 until 2027, although he added that he would be happy to be proven wrong.
Kaleo also described the current market as "painfully boring" for spot traders, saying it resembles the calm before a larger move. However, he noted that Ethereum still needs to hold above key support levels before a sustained breakout can be confirmed. The $1,800-$1,900 range remains the nearest support zone. According to Kaleo, the broader bullish structure remains intact as long as ETH closes above $1,510 on the daily timeframe.
$ETH
#Ethereum #Market_Update #CryptoNews #SKHynixToInvest19.1TWonInM17Plant #GoldBreaksOutFromJanuaryDowntrend
Crypto analyst Kaleo said he does not expect Ethereum to trade above $3,000 until 2027, although he added that he would be happy to be proven wrong.
Kaleo also described the current market as "painfully boring" for spot traders, saying it resembles the calm before a larger move. However, he noted that Ethereum still needs to hold above key support levels before a sustained breakout can be confirmed. The $1,800-$1,900 range remains the nearest support zone. According to Kaleo, the broader bullish structure remains intact as long as ETH closes above $1,510 on the daily timeframe.
$ETH
#Ethereum #Market_Update #CryptoNews #SKHynixToInvest19.1TWonInM17Plant #GoldBreaksOutFromJanuaryDowntrend