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Ethereum maintained its position above $2,500 after a high retracement above $2,700 last week. At the time of writing, the asset traded at $2,564, reflecting a 2.4% increase in the past 24 hours.
While the broader crypto market remains in a bullish structure, driven largely by Bitcoin’s drastic upward movement, Ethereum’s relative momentum seems to be more grumpy, raising questions among traders and analysts about its current positioning.
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Retail quiet, institutions pay attention
Although prices are still above key levels, some analysts believe Ethereum has not yet fully captured the enthusiasm of the broader market. Cryptoliteracy analyst Burak Kesmeci made one such observation, noting that retail activity around Ethereum remains low compared to previous cycles.
This may indicate that Ethereum rally is still in its early stages and the potential rise time in the market is market. The lack of retail enthusiasm historically matches local tops may indicate that Ethereum has not yet reached the peak of this cycle.
Kesmeci’s analysis highlights a significant shift in Ethereum retail participation. Analysts point out that earlier gatherings are often accompanied by spikes in retail transaction frequency compared to the 2021 Bull Run.
However, retail interest has been largely depreciated in the current cycle, even as Bitcoin soared from $16,000 to over $111,000. Although ETH briefed at retail activity in December 2024, the momentum quickly disappeared due to the broader market response to geopolitical developments, including new tariff tensions.
Analysts concluded that the market may still be in accumulating stages as typical retail-driven euphoria has not yet been realized. In this case, Ethereum may benefit from participation in the coming months, especially if macroeconomic sentiment is stable. The potential for delaying retail entries suggests that Ethereum’s current rally may only be at the midpoint rather than near the local top.
Ethereum technology settings suggest bullish
On the technical side, several market analysts continue to maintain a positive view of ETH. A pseudonym analyst named Crypto Busy posted on X the asset’s monthly chart remains structurally intact, citing previous key resistance levels close to $1,410.
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According to the Post, Ethereum’s breakthrough above this long-standing obstacle has turned it into support, replicating the settings before major gatherings in history. Analyst Michaël Vande Poppe further strengthened this view, highlighting the importance of Ethereum’s price action, namely $2,400.
He noted that the region offers a strong buying opportunity and believes that Ethereum can be successfully retested and exceeded this threshold and then move to $3,000. According to Van de Poppe, such a breakthrough will mark the beginning of a new bullish phase in ETH.
Feature images created with DALL-E, TradingView’s chart
