Crypto analyst Adam
(
@Hadiqa Crypto Master ) has ignited a heated discussion by labeling Ethereum as "the most cursed coin in existence." Despite increasing market interest, Ethereum, the second-largest cryptocurrency, continues to lag behind its potential. Adam highlighted the growing open interest in Ethereum futures, which has surged by 110% since August, yet its price remains 20% below its 2024 highsāa concerning discrepancy. This contradiction, he argues, signals deeper issues beyond mere market fluctuations.
#Adam ās analysis suggests that the gap between trader optimism and Ethereumās stagnant price is hard to ignore. While increased open interest typically indicates rising market confidence, Ethereum's price trajectory does not align with this optimism. He attributes this stagnation to potential selling pressure from the spot market, which is preventing
$ETH from benefiting from the increased demand in futures trading. Adam also criticized some Ethereum supporters, calling them "delusional" for consistently buying into ETH whenever its price dips, despite its failure to break through key resistance levels.
Despite his skepticism, Adam acknowledged the potential for a future price surge driven by this resilient buyer behavior. He outlined two possible scenarios for Ethereum's near-term movement: one being a liquidation event that could push
$ETH below $3,000, and another in which buyers step in around $2,700, supporting the asset's recovery. His approach highlights a strategic patience, with an eye on key support levels that may provide high-reward opportunities if Ethereum manages to hold its ground.
Echoing similar sentiments, technical analyst Ali (@ali_charts) also pointed to the $2,700-$2,800 range as a potential buying opportunity, noting that Ethereum might be tracking an ascending parallel channel. A dip to these levels could trigger a significant rebound, potentially pushing the price toward the $6,000 mark in the long term. As of now, Ethereum remains at $3,082, with traders watching for signs of a decisive move.
#Ethereum #10DaysToTrump #CryptoETFNextWave #DollarRally110 $ETH