Expert Alone Scooping Up Ethereum While Everyone Else Dumps… Has He Found a Hidden Rebound Signal?

▲ Ethereum (ETH) ©Godasol

Amidst widespread market fear and price declines, an expert has emerged, confidently asserting an explosive rally for the major virtual asset Ethereum (ETH) and embarking on aggressive accumulation, drawing the attention of investors. The recent sideways movement and decline are not signs of a bear market, but rather a structural bottoming-out phase preparing for a powerful bull market, according to analysis.

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 this is due to selling pressure from whales and spot demand falling to its lowest in weeks. This starkly contrasts with Bitcoin (BTC), which has rallied for days, surpassing $80,000, thereby increasing market anxiety.

Despite these bearish signals, market analyst Crypto Thies declared his intention to continue accumulating Ethereum. He stated that while many investors are giving up on Ethereum and losing confidence, he is actively increasing his position. Thies argued that the current price trend is by no means evidence of a bear market, but rather exhibits typical characteristics of the market quietly bottoming out and preparing for an upturn.

He presented several technical and market structural signals as evidence that the stage is set for Ethereum's price recovery. The price structure is compressing, indicating a massive movement forming beneath the surface, and with market liquidity draining, most entities that needed 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 significant forced selling volumes were absorbed entirely without breaking down the overall market structure. He interpreted this phenomenon as quiet accumulation by institutional investors and dismissed claims that Ethereum is weak. He explained that as long as the structure remains solid amidst extreme market fear, only an explosive upward rally awaits. 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 unfounded expectation but a structural magnet-like target that must be reached to trigger a future rally.

Thies urged traders and investors to begin accumulating Ethereum ahead of the upcoming price recovery. He warned that the current low-price environment should be seized as an opportunity for bottom buying. Many market participants expressed support for this optimistic outlook, indicating their intention to accumulate assets in preparation for the next bull run. Currently, Ethereum is down more than 3% compared to last week but is still testing solid support above the $2,300 mark.

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