Ethereum Primed for Major Move as Accumulation Phase Nears End
Ethereum is signaling a significant shift in its market trajectory, with its prolonged accumulation phase nearing completion. Analysts observe ETH/BTC consistently defending crucial long-term support, indicating a quiet yet powerful build-up that historically precedes a decisive market rotation.
Ethereum's Evolving Market Cycles
Cryptocurrency market analyst EGRAG CRYPTO points to Ethereum's inverted monthly chart, which reveals a recurring cyclical pattern. While each cycle follows a similar rhythm, Ethereum's increasing maturity as an asset class leads to compressed volatility and more controlled price behavior. What appears as a "drop" on this inverted chart actually signifies a breakout on a standard price chart, suggesting that the current accumulation is close to conclusion. This paves the way for the next major move, which is anticipated to be less explosive but more measured than previous cycles.
Key Price Targets and Resistance Levels
From a price roadmap perspective, initial resistance for Ethereum is projected between $3,800 and $4,500. A successful breakthrough and conversion of this zone into support could propel ETH towards the $6,000 to $7,500 region. However, a primary risk scenario includes a potential deeper retest of the $1,800 to $2,200 range before a broader upside continuation. This indicates a period of cautious optimism, with critical milestones on the horizon.
ETH/BTC: The Crucial Market Barometer
The ETH/BTC pair remains a critical indicator, as emphasized by analyst CyrilXBT. Ethereum has steadfastly held the 2018 cycle support, consistently printing higher lows and tightening its price action just below key resistance. This period of compression signals a market poised for a substantial move rather than a breakdown. The absence of panic and consistent buyer engagement at higher levels further reinforces the strength of the underlying support. Historically, sustained stability in the ETH/BTC pair at this stage is a precursor to Ethereum taking market leadership as momentum fully returns.
