[ETH won’t keep ranging forever—this week it’s likely to choose a direction]
A lot of people are waiting, and I also feel like we can’t wait much longer.
Bitcoin’s dominance is about to hit 59%, so market power is highly concentrated. In such conditions, mainstream coins usually have only two ways to move: either follow BTC’s breakout, or build up their own momentum first. ETH is currently at $ 2624; in the past 7 days it’s up 4.5%. It doesn’t look that strong, but the trading volume has been consistently active, which suggests there’s capital continuously paying attention.
My view: Over the next 7 days, ETH is likely to trade sideways but with a bullish bias. The high could be in the range $ 2750–2800.
Three reasons—no fluff:
First, a 46.9% drawdown sounds scary, but switch perspectives: if we measure from the bull market peak in 2021, managing to hold steady at this level means the market has formed a consensus on ETH’s bottom. For long-term funds, accumulating in this zone is a normal logic—I’ve seen this situation so many times.
Second, the sentiment index is 71, while the weekly average is only 60. The market is relatively hot right now, but it hasn’t reached the crazy stage yet. In such cases, it’s usually not a top—it’s a buildup phase. What you should really be afraid of is the FNG index breaking above 80; we’re still early.
Third, regulated platforms like Coinbase have been making frequent moves lately. What does the SEC giving the green light to tokenized stocks imply? It means the push to put mainstream assets on-chain is accelerating. ETH, as the core infrastructure for on-chain settlement and DeFi, will eventually see this upside reflected in price.
When would I be wrong?
If this week’s ETF funds keep flowing out, or if BTC suddenly drops and drags market sentiment down—if $ 2500 can’t hold, then I have to admit it.
To be honest, what I care about more in this move is the big picture: AI Force, tokenized stocks—essentially all of these are driving the digitization of traditional assets. As the foundational infrastructure for this process, ETH will eventually be repriced. At this price, looking at it over a longer horizon, opportunity outweighs risk.
Do you think this round of ETH can break above $ 2800? Or will BTC dominance keep suppressing it, forcing ETH to continue ranging?
A lot of people are waiting, and I also feel like we can’t wait much longer.
Bitcoin’s dominance is about to hit 59%, so market power is highly concentrated. In such conditions, mainstream coins usually have only two ways to move: either follow BTC’s breakout, or build up their own momentum first. ETH is currently at $ 2624; in the past 7 days it’s up 4.5%. It doesn’t look that strong, but the trading volume has been consistently active, which suggests there’s capital continuously paying attention.
My view: Over the next 7 days, ETH is likely to trade sideways but with a bullish bias. The high could be in the range $ 2750–2800.
Three reasons—no fluff:
First, a 46.9% drawdown sounds scary, but switch perspectives: if we measure from the bull market peak in 2021, managing to hold steady at this level means the market has formed a consensus on ETH’s bottom. For long-term funds, accumulating in this zone is a normal logic—I’ve seen this situation so many times.
Second, the sentiment index is 71, while the weekly average is only 60. The market is relatively hot right now, but it hasn’t reached the crazy stage yet. In such cases, it’s usually not a top—it’s a buildup phase. What you should really be afraid of is the FNG index breaking above 80; we’re still early.
Third, regulated platforms like Coinbase have been making frequent moves lately. What does the SEC giving the green light to tokenized stocks imply? It means the push to put mainstream assets on-chain is accelerating. ETH, as the core infrastructure for on-chain settlement and DeFi, will eventually see this upside reflected in price.
When would I be wrong?
If this week’s ETF funds keep flowing out, or if BTC suddenly drops and drags market sentiment down—if $ 2500 can’t hold, then I have to admit it.
To be honest, what I care about more in this move is the big picture: AI Force, tokenized stocks—essentially all of these are driving the digitization of traditional assets. As the foundational infrastructure for this process, ETH will eventually be repriced. At this price, looking at it over a longer horizon, opportunity outweighs risk.
Do you think this round of ETH can break above $ 2800? Or will BTC dominance keep suppressing it, forcing ETH to continue ranging?