Ethereum demonstrates a confident price recovery, rebounding from a buy zone. However, opinions among analysts are divided, raising speculation in the market.
Bullish Rebound Signals
Ethereum rose 2.98% in the last session, closing at $3,494.88. The session opened at $3,394.99, hitting a low of $3,357.89. The price reaction from the buy zone between $3,350 and $3,500 confirmed buyer interest. The SuperTrend indicator turned green again at $3,441.13, matching the buy zone and marking an area of previously tested resistance now acting as support.
Comparisons with Historical Cycles
Market observer Misterrcrypto highlighted a strong similarity between ETH's 2024-2026 structure and its 2016-2017 cycle. The older pattern saw a 20x rally from $6 to $200 in five months. ETH currently mirrors this historical setup with a long accumulation phase, a breakout above $4,000, and a series of green monthly candles. If the trend holds, ETH could break all-time highs.
Arthur Hayes' Warnings
Despite bullish technicals, Arthur Hayes, co-founder of BitMEX, offers a contrasting view. He predicts Ethereum may test $3,000 again, citing U.S. tariff concerns and weak credit growth. In his post, Hayes warned the market may price in these risks quickly, and traders should stay alert.
The future of Ethereum appears uncertain, combining optimism and warnings. Investors are closely watching market developments.
