Assessing if Ethereum could flip $3K into support, if so, what’s ahead?
2025-07-16 19:07:26
Main Idea
Ethereum (ETH) shows signs of a potential sustained rally, with technical indicators and market movements suggesting a shift from Bitcoin (BTC) to ETH, possibly turning $3,000 into a support level.
Key Points
1. Ethereum has rebounded over 50% since mid-June, outperforming Bitcoin's 25% gain in the same period.
2. The ETH/BTC pair printed its first higher low, a technical indicator suggesting sustained upside potential.
3. Ethereum dominance (ETH.D) reached 10.33%, its highest market share in Q2 and Q3, indicating capital rotation into ETH.
4. Whale activity shows high-conviction buys, reinforcing the strength of ETH's current setup.
5. ETH's strong structure, smart money flow, and climbing dominance suggest it is carving out its own bid, potentially turning $3,000 into support.
Description
Ethereum prints higher low: Is $3k now a launchpad?
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