Ethereum tracks M2 liquidity as M2 prints another high.
ETH accumulators double down and buy more ETH before it surpasses $4,000.
The price of ETH is expected to hit several new ATH prices soon.
The crypto market is fired up once again as several bullish indicators rock crypto prices and bullish price charts sway sentiments. In detail, the price of BTC reclaims $116,000, and the price of ETH is about to hit $4,000. Meanwhile, analysts notice how Ethereum tracks M2 liquidity as the M2 money supply goes on to print another new high. Ethereum accumulators double down and gather more ETH before $4,000 is met.
Ethereum Tracks M2 Liquidity
The pioneer altcoin, Ethereum (ETH), is expected to hit a new ATH price in the coming days ahead. This expectation has been a long time coming, as ETH was expected to break $4,000 in Q1 based on the 4-year bull cycle blueprint. Instead, the price of ETH went on to bottom at $1,700 in Q1 of 2025. Ofer this stage ushers in altseason since it's the first Q1 following a Bitcoin Halving year.
This change in pattern led to confusion and a lack of clarity on what to expect next for the price of ETH. Meanwhile, the price of ETH went on to steadily climb the ranks. First, it pumped to $2,700 and then to $3,700; this pump occurred between Q2 and Q3. Presently, in the second month of Q3, the price of ETH went on to hit much higher targets of $3,800 and $3,900. Now analysts are hoping to see ETH finally break $4,000.
ETH Accumulators Double Down
In detail, ETH set its previous ATH target, four years ago, at the $4,800 price range. If ETH were to reclaim the $4,000, expectations for higher ETH ATH prices would grow exponentially. At the moment, analysts believe ETH is on the verge of this breakout and could go on to set a trend high at $4,200 price range. Once these levels are reached, the price of ETH could very well go on to hit new ATH prices.
https://twitter.com/MerlijnTrader/status/1953471191806562565
As we can see from the post above, this reputed analyst says that ETH has been setting bear traps after bear traps. Unlike BTC, which fell from $119,000 to $113,000 in the matter of two crypto market dips, which led to $107 million liquidations twice, the price of ETH faced much shorter liquidations. This shows the faith traders have in ETH and the resilience and strength of the altcoin.
The analyst also goes on to highlight how ETH whales and institutions are exhibiting how smart money is doubling down and continuously buying more ETH with every dip, ensuring to secure a steady amount before ETH breaks $4,000. He also highlights how Ethereum is tracking M2 liquidity like a heat-seeking missile, just as M2 printed another higher high. He concludes with expectations for new ETH ATHs soon.
