Price Analysis View Non-AMP

Ethereum Price Rallied 4% Today to Hit $3,144: Is the Altcoin Bottom In?

Published by
Steve Muchoki

Ethereum (ETH) price has signaled a potential market reversal ahead. The large-cap altcoin, with a fully diluted valuation of about $377 billion, rallied 4% during the past 24 hours to trade above a crucial midterm supply level around $3,082. 

In the four-hour timeframe, the ETH/USD pair will have formed a potential higher low, after consistently closing above its falling logarithmic trend and the resistance level around $3,082.

Source: TradingView

Ethereum Price Eyes Parabolic Rally Next Akin to Gold

From a technical analysis standpoint, the ETH/USD pair has formed a similar fractal pattern to Gold. After four years of consolidating in a horizontal pattern, the gold price experienced a parabolic rally to a new all-time high of about $4,373.

Similarly, the ETH price has formed a similar fractal pattern, thus signaling a potential big setup for a parabolic bull rally.

Source: X

Main Reasons Why ETH Will Lead an Altcoin Pump Soon

Rising DeFi activity: ETH has benefited from institutional adoption

The Ethereum network has evolved into a major ecosystem of Decentralized Finance (DeFi). With a total value locked (TVL) of about $70 billion and a stablecoin supply of around $165 billion, the Ethereum network has attracted more institutional lending protocols such as AAVE.

According to market data from DeFiLlama, Ethereum’s TVL and stablecoin supply have surged exponentially in the past few months. The gradual implementation of the GENIUS Act has helped the Ethereum network attract more institutional investors and retail traders.

Rising global money supply: Groundbreaking shift of the Fed’s monetary policies

The midterm outlook for Ethereum and the wider altcoin market remains bullish fueled by the rising global money supply. In the United States, President Donald Trump has been preparing to announce a new Fed Chair, with the odds favoring Kevin Hassett.

Meanwhile, with the Fed already printing more money to buy U.S. securities and treasuries, the global money supply will experience a sharp uptick. As such, ongoing capital rotation to altcoins will favor a major pump in the coming months.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

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