3 Charts That Have Experts Extremely Bullish On ETH

Now is not the time to count Ethereum out—especially with experts anticipating its strongest gains still lie ahead.

ETH is trading at $2400 at press time, down nearly 15% from its weekly open. 

Despite the weakness in lower timeframes, key indicators and Ethereum price predictions from prominent analysts reveal that the second-largest cryptocurrency will hit a new all-time high in the coming months. 

Ethereum ecosystem coins are also in high demand, with coins like Chainlink, Optimism and Pepe showing strength on Wednesday. Low-cap cryptos like MEMEX are also seeing significant buying activity. 

Why It’s Time To Be Bullish On ETH?

The cryptocurrency market has faced significant selling pressure, owing to the worsening macroeconomic outlook. Concerns regarding slowing growth, sticky inflation and Donald Trump’s tariff policy have resulted in “stagflation” worries. 

With Bitcoin and Ethereum correlated to the tech-heavy NASDAQ-100, it is no surprise that crypto prices broke down below key support levels this week. 

However, several prominent experts claim that the market is simply tracking the global money supply, with a 10-week lag. The Global M2 money supply started to fall in October, wiping out nearly $4 trillion by December. Considering BTC’s strong correlation, the largest cryptocurrency could fall to $75,000 in the coming weeks. 

However, Global M2 is already seeing a significant expansion, with the Head of Macro Research at GMI Julian Bittel claiming that it could reach $112 trillion by the end of Donald Trump’s second term. 

This scenario would pave the way for a major crypto market bull run, which would likely catapult the Ethereum price to $8k – $10k. 

Ethereum Price Prediction — When To Buy ETH?

In his recent Ethereum price prediction report, prominent analyst Doctor Profit claims he is insanely bullish on ETH. 

He highlights several bullish patterns in various timeframes, including the multi-year ascending channel and the weekly ascending triangle.

Doctor Profit, who has been extremely accurate with his BTC bounce-back calls during this bull market, claims that the Ethereum price could hit $8k – $10k in the coming months. 

Similarly, ETH’s Relative Strength Index has analysts extremely bullish. For instance, Mister Crypto reveals ETH’s Stochastic RSI has entered the “oversold territory” in the weekly timeframe, which typically results in strong bounce-backs. 

Ethereum is also quickly approaching the oversold territory with its daily RSI-14. It would likely coincide with a test of its multi-year ascending trendline, paving the way for a bullish reversal. 

Sidelined investors should wait for either a successful retest of ETH’s 200-week EMA at $2,293 or the $2,150 macro support level. A successful bounce from these levels would present an excellent buying opportunity. 

These Altcoins Are The Best Beta Bets On Ethereum

An Ethereum bull rally would likely pave the way for an altseason. Smart money investors are using the crypto downturn to stack ETH beta bets for the upcoming bull market. 

For instance, Optimism ($OP) has already established itself as the best ETH Layer-2 following its resilient price action despite the broader market bearishness. 

Similarly, Pepe is also in high demand and will likely push towards new all-time highs as well when the market outlook improves. 

Low-cap meme coins are also seeing significant buying activity. For instance, prominent analysts are viewing Meme Index (MEMEX) as the next 10x crypto. 

The project is building an index fund-like investment vehicle for meme coins. MEMEX holders will be able to invest in meme coin baskets, which would offer broader market exposure while mitigating the risk. 

Investors would also be able to vote on which coins to include in each of the 4 baskets. The community intelligence would allow them to benefit from coins they otherwise would have missed out on. 

The Meme Index presale has already raised nearly $4 million in short order, with many calling it one of the best low-cap investments today. 

Visit Meme Index Presale