Zhusu (Three Arrows Capital co-founder) believes the true bull market will begin only after Ethereum (ETH) surpasses its previous all-time high (ATH). According to him, the current rally is just a pre-bull phase—the real explosion is yet to come.
📊 Ethereum’s Price Snapshot: How Close Are We to a New ATH?
Previous ATH (Nov 2021): ~$4,868
Current Price (July 14, 2025): ~$2,958
Recent High (July 11, 2025): $3,028
Distance from ATH: Still ~39% away
But the momentum is strong—spot ETF inflows, whale accumulation, and bullish technicals suggest ETH is gearing up for a major move.
🔥 4 Key Bullish Indicators for Ethereum
1️⃣ Spot ETF Inflows Breaking Records
Single-day inflow record: $383M
Total inflows since launch: $5B+ (and growing)
BlackRock, Fidelity, Bitwise leading the institutional charge
2️⃣ Whales & Long-Term Holders Accumulating
22.8M ETH held by long-term investors—an all-time high in accumulation
Smart money continues DCA-ing, while retail FOMO picks up
3️⃣ Technical Breakout Confirmed
Key resistance broken: $2,800 (now support)
Bullish patterns:
Three White Soldiers (strong uptrend continuation)
RSI > 70 (bullish momentum)
MACD bullish crossover
Next target: $3,500 → $4,000 → ATH retest
4️⃣ Macro & Market Psychology Shifting
Bitcoin (BTC) already at $118K—capital rotation into alts (especially ETH) has begun
Altseason 2025 officially starting? Analysts say YES
Consensus: If ETH breaks its ATH, $5K–$7K is realistic—especially with ETF demand + macro tailwinds.
🧠 Trading Strategy: How to Play the ETH Rally
✅ For Scalpers & Short-Term Traders
Watch $3K breakout sustainability (fakeout risk?)
Confirmation: Volume spike + RSI divergence
Key levels:
Support: $2,800 → $2,600
Resistance: $3,200 → $3,500
📊 For Swing Traders & Investors
Multi-timeframe analysis:
4H & 1D charts show strong bullish structure
Pullbacks to EMA 20/50 could be buying opportunities
Institutional accumulation zones: $2,500–$2,800
⚠️ Risks to Watch
Overbought RSI → Possible short-term correction
ETF demand slowdown → Profit-taking phase
Macro shocks (Fed policy, global liquidity shifts)
🎯 Final Takeaway
Zhusu’s thesis: ETH ATH breakout = True bull market begins
Current phase: Pre-bull (accumulation + ETF-driven momentum)
Best strategy:
Short-term: Trade key levels, avoid FOMO traps
Long-term: DCA into ETH, hold for $5K+
🚀 If ETH flips $4,868, the next leg could be explosive.
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