💥$ETH : Is it a Buying Opportunity?
Despite the recent volatility that took Ethereum (ETH) from $2,879 to $2,433, technical data suggests that future declines could be strategic buying opportunities. The analysis indicates that a drop towards the $2,100-$2,200 range, a historical support level, would be an optimal entry point.
Factors such as the increasing inflow into spot ETH ETFs and sustained accumulation by BlackRock (with over $500 million in ETH added recently) reinforce a bullish outlook. Additionally, the tokenization of assets exceeding $5 billion and historically strong performance in the fourth quarter, driven by year-end strategies, could propel ETH to a significant rally by the end of 2025.