Ethereum Analysts Predict 10% Rally Amid Institutional Demand

Ethereum (https://holder.io/coins/eth/) is showing signs of a potential rebound following a recent decline, with analysts predicting a possible 10% rally.

  • Michaël van de Poppe identifies the current dip as an optimal buying opportunity, foreseeing reduced volatility and increased accumulation.
  • Cas Abbé notes strong support from Ethereum's supertrend, indicating buyers are entering at key levels.
  • Coinbase's ETH premium has turned positive, signaling institutional accumulation and potential upward pressure on prices.
  • BitMine Immersion Technologies added over $200 million in ETH recently, raising its total holdings to 1.5 million tokens valued at approximately $6.6 billion.

Despite a 4.5% drop from its recent high of $4,350, which reflects broader market caution, technical indicators suggest Ethereum remains within a rising channel. Key support levels are set at $4,050 and $3,940, while resistances are noted at $4,350 and $5,200.

Momentum indicators show a constructive outlook, with the RSI at 55.9 and positive money flow, reinforcing expectations for a short-term price increase toward $4,600–$4,700.

ETH daily chart

Source: TradingView