{"id":686028,"date":"2025-01-29T23:00:06","date_gmt":"2025-01-29T23:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=686028"},"modified":"2025-01-29T18:00:37","modified_gmt":"2025-01-29T18:00:37","slug":"ethereum-prolonged-consolidation-what-is-really-going-on-analyst-weighs-in","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-prolonged-consolidation-what-is-really-going-on-analyst-weighs-in\/","title":{"rendered":"Ethereum\u2019s Prolonged Consolidation: What Is Really Going On? Analyst Weighs In"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-poised-to-test-2800-support-level-if-market-downtrend-persists-analyst\/\" target=\"_blank\" rel=\"noopener \">bullish momentum<\/a> recently seen in the market.<\/p>\n<p data-pm-slice=\"1 1 []\">While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800.<\/p>\n<p data-pm-slice=\"1 1 []\">Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum\u2019s resurgence, urging investors to consider the long-term picture.<\/p>\n<p data-pm-slice=\"1 1 []\">In a detailed <a href=\"https:\/\/x.com\/fitforcrypto_\/status\/51305687\" target=\"_blank\" rel=\"noopener nofollow\">post<\/a> on X, ProjectW outlined several factors that could drive Ethereum\u2019s next breakout. The analyst highlighted Ethereum\u2019s years of accumulation within a broad trading range, suggesting that such prolonged consolidation often precedes significant price expansions.<\/p>\n<p data-pm-slice=\"1 1 []\">Despite the negative sentiment around Ethereum and narratives favoring other networks like Solana, ProjectW emphasized that Ethereum\u2019s <a href=\"https:\/\/wncen.com\/ethereum-news\/ethereum-foundation-sells-another-100-eth-but-theres-still-hopium-for-holders\/\" target=\"_blank\" rel=\"noopener \">long-term upward trend<\/a> remains intact.<\/p>\n<p data-pm-slice=\"1 1 []\">A possible retest of the sub-$ 3,000 range could serve as a catalyst, providing the liquidity needed to push Ethereum past $4,000 and set the stage for a broader recovery.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/ethereum-news\/ethereum-foundation-sells-another-100-eth-but-theres-still-hopium-for-holders\/\" target=\"_blank\" rel=\"noopener \">Ethereum Foundation Sells Another 100 ETH, But There\u2019s Still \u2018Hopium\u2019 For Holders<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">ETH\/BTC Performance And Outlook<\/h2>\n<p>A key point in ProjectW\u2019s analysis is Ethereum\u2019s ongoing underperformance against Bitcoin. So far, Ethereum has struggled to match Bitcoin\u2019s gains during market rallies and has often faced steeper declines during market corrections.<\/p>\n<p>This trend is reflected in the ETH\/BTC trading pair, which remains in a bearish structure on higher timeframes. However, the analyst identified a potential reversal zone around $2,700 for Ethereum, which could coincide with a structural shift if ETH\/BTC stabilizes at these levels.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation<\/p>\n<p>&#8220;Ethereum is dead. Solana stole the show.&#8221;<\/p>\n<p>You\u2019ve probably heard this take a hundred times.<\/p>\n<p>The sentiment around ETH has never been worse.<\/p>\n<p>And yet &#8211; if we strip away emotions and narratives &#8211; Ethereum\u2019s long-term\u2026 <a href=\"https:\/\/t.co\/ipkXvuXbnj\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/ipkXvuXbnj<\/a><\/p>\n<p>\u2014 ProjectW (@fitforcrypto_) <a href=\"https:\/\/twitter.com\/fitforcrypto_\/status\/51305687?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 29, 2025<\/a><\/p><\/blockquote>\n<p>The analyst also touched on the role of market makers and institutional players in shaping Ethereum\u2019s price trajectory. According to ProjectW, recent <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-reserves-hit-multi-year-lows-are-we-on-the-verge-of-a-bull-run\/\" target=\"_blank\" rel=\"noopener \">negative coverage<\/a> of Ethereum\u2014ranging from concerns about the Ethereum Foundation to repeated comparisons with Bitcoin\u2014may not be coincidental.<\/p>\n<p>Instead, it could represent a deliberate effort by major market participants to accumulate Ethereum at lower prices, a pattern observed in past market cycles.<\/p>\n<p>The involvement of institutional players, such as Trump-affiliated World Liberty Financial reportedly acquiring significant amounts of Ethereum, adds another layer of complexity to the current market dynamics. The analyst wrote:<\/p>\n<blockquote><p>We know how this game works. MMs move price where they want &#8211; especially to areas with high liquidity. And how do they do it? Media narratives. Recently, we\u2019ve seen an aggressive push of ETH FUD in major publications. &#8211; The Ethereum Foundation being questioned &#8211; ETH\u2019s underperformance against BTC being highlighted everywhere Is this really a coincidence? Or is it the same old SM playbook? Flood the market with FUD \u2192 Retail panic sells at the bottom \u2192 Institutions accumulate.<\/p><\/blockquote>\n<h2 data-pm-slice=\"1 1 []\">Ethereum\u2019s Core Strengths and Future Outlook<\/h2>\n<p>Despite recent underperformance, the analyst argued that Ethereum\u2019s <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-crash-aftermath\/\" target=\"_blank\" rel=\"noopener \">core fundamentals<\/a> remain strong. ProjectW wrote:<\/p>\n<blockquote><p>Despite all the noise, Ethereum remains the most important smart contract network. &#8211; The deepest liquidity in DeFi &#8211; The highest security &amp; decentralization &#8211; It has the strongest developer ecosystem While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. So where does this leave us?<\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-move-to-new-targets\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge<\/a><\/div>\n<p>While no rally is guaranteed, ProjectW suggested that Ethereum\u2019s long-term conditions are aligning for potential growth. The analyst concluded with a call to <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-battle-persists-3220\/\" target=\"_blank\" rel=\"noopener \">closely monitor Ethereum\u2019s progress<\/a> in the coming weeks, as market participants await signs of a sustained upward trend.<\/p>\n<figure style=\"width: 3250px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/CeqKED7s\/\" alt=\"Ethereum (ETH) price chart on TradingView\" width=\"3250\" height=\"1794\"><figcaption class=\"wp-caption-text\">ETH price is moving upwards on the 2-hour chart. Source: ETH\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT.P\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the bullish momentum recently seen in the market. While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800. Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum\u2019s resurgence, urging investors to consider the long-term picture. In a detailed post on X, ProjectW outlined several factors that could drive Ethereum\u2019s next breakout. The analyst highlighted Ethereum\u2019s years of accumulation within a broad trading range, suggesting that such prolonged consolidation often precedes significant price expansions. Despite the negative sentiment around Ethereum and narratives favoring other networks like Solana, ProjectW emphasized that Ethereum\u2019s long-term upward trend remains intact. A possible retest of the sub-$ 3,000 range could serve as a catalyst, providing the liquidity needed to push Ethereum past $4,000 and set the stage for a broader recovery. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There\u2019s Still \u2018Hopium\u2019 For Holders ETH\/BTC Performance And Outlook A key point in ProjectW\u2019s analysis is Ethereum\u2019s ongoing underperformance against Bitcoin. So far, Ethereum has struggled to match Bitcoin\u2019s gains during market rallies and has often faced steeper declines during market corrections. This trend is reflected in the ETH\/BTC trading pair, which remains in a bearish structure on higher timeframes. However, the analyst identified a potential reversal zone around $2,700 for Ethereum, which could coincide with a structural shift if ETH\/BTC stabilizes at these levels. THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation &#8220;Ethereum is dead. Solana stole the show.&#8221; You\u2019ve probably heard this take a hundred times. The sentiment around ETH has never been worse. And yet &#8211; if we strip away emotions and narratives &#8211; Ethereum\u2019s long-term\u2026 pic.twitter.com\/ipkXvuXbnj \u2014 ProjectW (@fitforcrypto_) January 29, 2025 The analyst also touched on the role of market makers and institutional players in shaping Ethereum\u2019s price trajectory. According to ProjectW, recent negative coverage of Ethereum\u2014ranging from concerns about the Ethereum Foundation to repeated comparisons with Bitcoin\u2014may not be coincidental. Instead, it could represent a deliberate effort by major market participants to accumulate Ethereum at lower prices, a pattern observed in past market cycles. The involvement of institutional players, such as Trump-affiliated World Liberty Financial reportedly acquiring significant amounts of Ethereum, adds another layer of complexity to the current market dynamics. The analyst wrote: We know how this game works. MMs move price where they want &#8211; especially to areas with high liquidity. And how do they do it? Media narratives. Recently, we\u2019ve seen an aggressive push of ETH FUD in major publications. &#8211; The Ethereum Foundation being questioned &#8211; ETH\u2019s underperformance against BTC being highlighted everywhere Is this really a coincidence? Or is it the same old SM playbook? Flood the market with FUD \u2192 Retail panic sells at the bottom \u2192 Institutions accumulate. Ethereum\u2019s Core Strengths and Future Outlook Despite recent underperformance, the analyst argued that Ethereum\u2019s core fundamentals remain strong. ProjectW wrote: Despite all the noise, Ethereum remains the most important smart contract network. &#8211; The deepest liquidity in DeFi &#8211; The highest security &amp; decentralization &#8211; It has the strongest developer ecosystem While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. So where does this leave us? Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge While no rally is guaranteed, ProjectW suggested that Ethereum\u2019s long-term conditions are aligning for potential growth. The analyst concluded with a call to closely monitor Ethereum\u2019s progress in the coming weeks, as market participants await signs of a sustained upward trend. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":686062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[134,94103,10923,8323,1946,10336,91844,78803],"class_list":["post-686028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-alton-market","tag-crypto-market","tag-eth","tag-ethereum","tag-ethereum-analysis","tag-ethereum-market","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Prolonged Consolidation: What Is Really Going On? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Prolonged Consolidation: What Is Really Going On? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum\u2019s Prolonged Consolidation: What Is Really Going On? 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