Ethereum’s price has been stuck in a multi-year range, trading near $1,731 and essentially flat since March 2021. Analyst Ali Martinez pointed out that a $10,000 investment made five years ago would still be worth around $10,000 today, with ETH posting zero net gains despite extreme volatility. He identified $1,060 as the key macro support—if that level holds, it could fuel a rally toward $2,850 and eventually $4,630. Michaël van de Poppe echoed long-term optimism, stating that current levels represent one of the best times to buy ETH, predicting investors will laugh about not buying more in five to ten years.
Short-term trader Daan Crypto highlighted $1,750 as a pivotal level. Failure to reclaim it would signal weakness, while a break above could open the door to $1,960, the first major monthly resistance. On-chain data reveals a spike in Binance exchange outflows this month, as ETH holders moved coins off the platform—a potential reduction in selling pressure. Meanwhile, institutional buyer Bitmine has accumulated 5.54 million ETH, representing 4.58% of the total supply, signaling deep-pocketed conviction at current prices.
