Why $ETH Could Be Poised for Its Next Big Move
Ethereum has been in one of the longest consolidation phases in crypto history.
Since May 2021, ETH has mostly traded between $2,000 and $4,000, with even tighter ranges since March 2024. That's five years of sideways price action.
While this can feel frustrating, especially compared to $BTC's performance, long-term consolidation often signals accumulation, not weakness.
ETH's smaller market cap compared to BTC means price movements could be more volatile and pronounced once a breakout occurs. Analysts and long-term investors see $2,000 as a major accumulation zone, while $4,000 is the level that could signal the start of the next bullish phase.
Ethereum is digesting massive gains from 2021, building a foundation for the next cycle. The risk-reward setup today looks asymmetric - limited downside relative to the potential for significant upside.
Patience, conviction, and watching the $4,000 support level will be crucial for those positioning for the next major expansion.