Ethereum’s recent surge has taken the cryptocurrency market by storm, with prices skyrocketing past the $2.8k resistance level that has been a major hurdle since February. This rapid climb has left investors wondering whether they should continue to HODL their Ethereum holdings or consider taking profits.
Analysts had previously projected a bullish outlook for Ethereum in the third quarter of 2025, and recent price action seems to be aligning with those expectations. The ETH/BTC pair has also shown signs of recovery, indicating that Ethereum is gaining strength against Bitcoin, the dominant cryptocurrency in the market.
One key factor driving Ethereum’s price surge is the consistent inflow of institutional capital into the cryptocurrency. Ethereum has seen nine consecutive weeks of positive spot ETF inflows, cementing its position as a favorite among Wall Street investors. Unlike traditional tech stocks, Ethereum is seen more as an asset that fuels decentralized finance (DeFi) and offers the potential for earning dividends through staking.
The increasing demand for Ethereum from both institutional and retail investors has pushed its prices higher, with the psychological barrier of $3,000 looming large. As Bitcoin continues to explore new price levels, Ethereum is expected to follow suit and climb higher in the near future.
However, traders and investors should exercise caution and “mind the gap” in Ethereum’s price chart. The recent surge has left a gap in the price action, indicating a potential retracement or pullback before the next leg up. Swing traders may need to wait for a retest of the $2.8k region as support before considering long positions.
On the shorter time frame, the 12-hour chart shows that Ethereum briefly touched the $2.8k resistance zone before pulling back slightly. The Relative Strength Index (RSI) is at 77, signaling strong bullish momentum, but a bearish divergence could develop in the coming days, serving as a warning for traders.
The Chaikin Money Flow (CMF) indicator is at +0.23, indicating significant capital inflow into the market and strong buying pressure. This could pave the way for a swift rally past the $3,000 resistance level in the near term.
Looking at the 1-month Liquidation Heatmap, Ethereum’s liquidity clusters are concentrated above the $3k mark, suggesting that price action may gravitate towards these levels. While a brief dip to $2,880 is possible, the real action seems to be stacked to the upside.
In conclusion, with Bitcoin in price discovery mode and Ethereum showing strength across various metrics, further upside potential is likely. Traders should be prepared for either scenario—a continuation to $3.2k or a retest of support at $2.8k before a push higher. As always, it’s essential to conduct thorough research and consult with a financial advisor before making any investment decisions. The COVID-19 pandemic has brought about significant changes in the way we live, work, and interact with others. As the world continues to grapple with the challenges posed by the virus, one thing has become clear: the need for effective communication has never been more critical.
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