Expert Alone Sweeping Up Ethereum While Everyone Else is Dumping… Has He Found a Hidden Rebound Signal?

▲ Ethereum (ETH) ©Go Da-sol

Amidst widespread market fear and price declines, an expert has emerged who is confidently predicting an explosive rally for the major virtual asset Ethereum (ETH) and aggressively accumulating it, drawing the attention of investors. The analysis suggests that the recent sideways movement and decline are not signs of a bear market, but rather a structural bottoming-out phase preparing for a strong bull run.

According to the cryptocurrency specialized media Bitcoinist on May 8 (local time), the price of Ethereum fell by approximately 1.47% over the past 24 hours, dropping to around $2,300. CoinMarketCap data indicates that this is due to selling pressure from whales and spot demand falling to its lowest level in weeks. This stands in stark contrast to Bitcoin (BTC), which has been rallying for days, breaking through $80,000, and is increasing market anxiety.

Despite these bearish signals, market analyst Crypto Thies has declared that he will continue to accumulate Ethereum. He stated that while many investors are abandoning Ethereum and losing confidence, he is actively increasing his position. Thies argues that the current price movement is by no means evidence of a bear market; rather, it exhibits typical characteristics of the market quietly bottoming out and preparing for an upturn.

He presented several technical and market structural signals as grounds for Ethereum's price recovery being set. He noted that the price structure is compressing, indicating a massive movement forming beneath the surface, and that as market liquidity drains, most entities needing to sell have already exited the spot market. Furthermore, he diagnosed that Ethereum gradually raising its lows amidst overall negative sentiment is a positive sign that buyers are intervening in the market at stronger levels.

Thies also added that intense forced selling volumes were entirely absorbed without breaking down the overall market structure. He interpreted this phenomenon as quiet accumulation by institutional investors, dismissing claims that Ethereum is weak. He explained that since the structure has remained robust even amid extreme market fear, only an explosive upward rally remains. Based on this, he predicted an 84.12% surge for Ethereum, setting a target price of $4,000. He emphasized that this is not merely an illusory expectation but a structural magnet-like target that must be reached to trigger the upcoming rally.

Thies urged traders and investors to start accumulating Ethereum ahead of the upcoming price recovery. He warned that the current situation, where prices remain low, should be seized as an opportunity to buy at the bottom. Many market participants expressed support for this optimistic outlook, indicating their intention to accumulate assets in preparation for the next bull market. Currently, Ethereum is down more than 3% compared to last week but is still testing strong support above the $2,300 level.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*