ETHEREUM Price Analysis

SETH is still struggling to break and hold above the $4,000 level, but it’s only a matter of time before this level is reclaimed. Notably, there hasn’t been significant profit-taking on SETH since November 2021, which suggests there’s still plenty of momentum left in the tank.

Using fractal analysis, I’ve identified two key fractals to watch:

• The first, which defined SETH’s last ATH and the May 2024 local top, points to possible rejection levels at $4,400, $4,900, and then $6,200.

• The second, which defined the July 2024 local top at $3,500 and subsequent $2,100 low, shows rejection zones around $4,350, $4,700–$4,800, and $6,000—closely aligning with the first fractal’s levels.

The $4,300–$4,400 zone is just the 127% extension level, meaning SETH isn’t likely to linger here for long. For context, Bitcoin’s 127% level was at $104K before moving higher. Once this zone is cleared, we’re likely to see a quick run toward $4,700–$4,800, potentially hitting those levels by year-end. This could trigger an altcoin rally, with ETH beta coins leading the charge.

These assumptions align with recent $ETH ETF inflow data, which has picked up significantly—exactly the catalyst needed to push higher. However, I don’t expect $SOL to outperform the market, as $ETH will dominate the spotlight, especially with $SOL token unlocks looming in 2025.

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$ETH