Justin Bennett's X post on May 15, 2025, analyzes Ethereum ($ETH ) price action, targeting an "imbalance" zone around $2,900-$3,000, a level he identified in early April 2025 when ETH was at $2,150, reflecting his supply-demand trading strategy from his Daily Price Action blog.
The post coincides with BlackRock's purchase of 21,500 ETH on May 14, 2025, as reported by Cointelegraph, fueling market speculation of an "altseason" where altcoins like ETH may outperform Bitcoin, supported by a slight dip in Bitcoin's dominance to 10% as per Coinbase data.
Bennett's chart shows ETH testing a channel resistance near $2,575, with a key support at $2,500; a break below could lead to $2,100-$2,200, aligning with 10x Research's warning of ETH underperforming Bitcoin in 2025 due to validator exits.
