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Though sentiment towards Ethereum (ETH) stays largely pessimistic, crypto analyst Mister Crypto predicts that the second-largest cryptocurrency by market cap may very well be on the verge of a parabolic rally, mirroring its historic worth motion from 2020.
Ethereum About To Witness A Change Of Fortune?
Following US President Donald Trump’s extremely anticipated reciprocal tariff announcement, the crypto market took a pointy plunge, wiping out over $140 billion up to now 24 hours. Throughout this era, ETH tumbled by 5% and is susceptible to setting contemporary cycle lows within the $1,700 vary.
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Regardless of the detrimental sentiment, crypto analyst Mister Crypto means that ETH could quickly expertise a pointy momentum shift. In an X put up shared earlier immediately, the analyst famous that whereas retail buyers could have abandoned ETH, massive buyers – generally known as whales – haven’t.
Mister Crypto shared the next chart, highlighting placing similarities between ETH’s present worth motion and its 2020 trajectory. He added that if historical past repeats itself, ETH might see robust bullish momentum in Q2 2025.
Fellow crypto analyst CryptoGoos echoed Mister Crypto’s perspective, arguing that ETH is “extraordinarily undervalued” at its present worth ranges. The analyst additionally shared a chart illustrating how ETH whales are accumulating the asset at a file tempo.
The info reveals that wallets holding between 10,000 and 100,000 ETH have been accumulating at an accelerated price since early 2025. This development persists regardless of ETH’s decline from roughly $3,350 on January 1 to round $1,700 on the time of writing.
One other cryptocurrency analyst, Crypto Caesar, famous that ETH is probably going approaching a bottom, as it’s at the moment buying and selling close to the identical worth stage it held 4 years in the past. Nevertheless, he cautioned that if ETH breaks beneath its present assist, it might decline additional to the $1,200 vary.
ETH Might Have Extra Ache Forward
Whereas whale accumulation suggests long-term optimism for ETH, some analysts warn that additional draw back could also be imminent earlier than a possible restoration. In a latest evaluation, crypto market skilled Cryptododo7 predicts that ETH could eye bearish targets round $1,130 to $1,200.
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Equally, analyst CryptoBullet highlighted that ETH has now touched the 300-week shifting common for under the second time in its historical past – an occasion that has traditionally signalled a bearish development.
Regardless of these cautionary outlooks, market commentator Titan of Crypto not too long ago stated that ETH continues to be on observe to achieve new all-time highs later this yr. At press time, ETH trades at $1,777, down 5% up to now 24 hours.
Featured picture from Unsplash, charts from X and Tradingview.com