#ETH/USDT H4 - Technical and Institutional Analysis

Good evening, Traders! Analysis of #Ethereum and expectations for the closing of this quarter and the beginning of the next already on the rise. We have ETH in a support and demand region near US$ 2.000.

Our initial targets may be located in the trading zone between US$ 2.500 - US$ 2.700 where it may start a new lateralization already seen in this region or a rise seeking the concentration of volume range above US$ 3.300.

The US$ 2.000 has been holding Ethereum since December 2023, it is worth noting that when Bitcoin reached US$ 100.000, in sequence ATH and continued flirting with 100k, Ethereum did not seek either its ATH or highs above US$ 4.000.

We cannot forget that we are talking about the Crypto top 2 in Market Cap, in the current scenario we have the 'retail' shorting and creating this panic that the coin is "bad, centralized, etc..", which only generates more exits at a loss by 'retail' who bought above and instead of holding are realizing at a loss and disillusioned, and as historically occurs, they sell on the way down and institutional demand takes over the purchases.

I see a few billion dollars entering ETH during this cycle, especially from both Spot and Futures ETFs, an ATH this year is unlikely, but holding ETH is essential, along with a good DCA it is better to hold than to realize losses in a network that is the main Layer 1 and has been growing its ecosystem a lot with other L1 and L2 projects as well.

#Crypto #TechnicalAnalysis #Institutional #Bitcoin