{"id":5511,"date":"2025-05-05T12:05:00","date_gmt":"2025-05-05T11:05:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=5511"},"modified":"2025-05-05T12:15:43","modified_gmt":"2025-05-05T11:15:43","slug":"ethereum-defies-bitcoin-dip-eth-2000","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/ethereum-defies-bitcoin-dip-eth-2000\/","title":{"rendered":"Ethereum Defies Bitcoin Dip : Is $2,000 ETH Closer Than We Think ?"},"content":{"rendered":"\n

A Booming Ethereum Network<\/h2>\n\n\n\n

Ethereum (ETH)<\/strong> continues to hold firmly above the $1,770 support level<\/strong>, a key area with over 4.56 million holder addresses<\/strong>, according to IntoTheBlock. <\/p>\n\n\n\n

At the time of writing, ETH is trading<\/a> at $1,821.719,<\/strong> slightly up by 0.30%<\/strong> over the last 24 hours. Bullish signals are increasing, driven by a positive market sentiment and solid fundamentals. But will the bulls manage to break the resistance at $1,867<\/strong> to target $2,030<\/strong>? <\/p>\n\n\n\n

The fundamentals of Ethereum<\/a> show a dynamic network activity<\/strong>. Over the past seven days, the number of new addresses has surged by 79.09%<\/strong>, while active addresses have risen by 11.41%<\/strong>. <\/p>\n\n\n

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\"graph<\/figure>\n<\/div>\n\n\n

Furthermore, zero-balance addresses have surged by 105.49%<\/strong>, which may reflect increased experimentation, wallet cleanup, or lost keys. These numbers demonstrate growing adoption and robust ecosystem health<\/strong>, despite recent price fluctuations.<\/p>\n\n\n\n

This on-chain strength could act as an early indicator of future demand, reinforcing the notion that the Ethereum<\/a> ecosystem remains fundamentally strong. With a general sentiment at 0.71<\/strong> and smart money sentiment at 0.18<\/strong> (Market Prophit data), optimism prevails,<\/strong> suggesting a potential breakout attempt if the momentum persists.<\/p>\n\n\n\n

Liquidity and Volatility : A Tense Market<\/h2>\n\n\n\n

Ethereum reserves on exchanges<\/a> have slightly increased, reaching $36.07 billion (+1.16%)<\/strong>. This increase may signal potential selling pressure<\/strong> but also an anticipation of volatility from traders adjusting their positions. <\/p>\n\n\n\n

\"chart<\/figure>\n\n\n\n

Currently, ETH is hovering around $1,830<\/strong>, trapped between critical leverage levels. According to Binance’s liquidation chart, short position liquidations are concentrated below $1,800<\/strong>, while long exposures dominate at $1,850<\/strong>, especially on high leverage (50x and 100x).<\/strong><\/p>\n\n\n\n

This scenario creates a “compressed spring” effect: a sharp move could trigger cascade liquidations. A breakthrough above $1,850<\/strong> could amplify the bullish momentum, while a drop below the key support might lead to exacerbated losses for long positions.<\/p>\n\n\n\n

Technical Configuration Under Monitoring<\/h2>\n\n\n\n

From a technical standpoint, Ethereum is trading<\/a> in a narrow range between the $1,770 support<\/strong> and the $1,867 resistance<\/strong>. The latter level has impeded recent rally attempts, but a clear breakthrough supported by high volume could pave the way for an extension to the Fibonacci 1.618 at $2,030<\/strong>. <\/p>\n\n\n

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\"ETH<\/figure>\n<\/div>\n\n\n

However, the Stochastic RSI, nearing 96<\/strong>, indicates an overbought condition<\/strong>, calling for caution. The structure of higher lows and horizontal resistance forms a classic breakout setup closely monitored by traders.<\/p>\n\n\n\n

Additionally, bearish divergences are emerging on the 4H and higher RSI. The CMF also indicates capital outflows and\/or a significant lack of interest that could lead to a short-term resistance breakout.<\/p>\n\n\n\n

Furthermore, the uptrend line converges towards a short-term retracement to liquidate long positions first. If ETH breaks the $1,660 support<\/strong>, it will likely move towards the next level at $1,530.<\/p>\n\n\n\n

In summary, Ethereum shows promising signals with strong support at $1,770<\/strong>, increasing network activity, and a marked bullish bias (64.67% of traders are long, according to Binance). <\/p>\n\n\n\n

However, the resistance at $1,867 <\/strong>remains a major obstacle. A decisive breakthrough could propel ETH towards $2,030<\/strong>, triggering a resurgence of momentum in the market. Conversely, an unexpected fallback could squeeze long positions. The upcoming moves will be crucial in determining Ethereum’s trajectory.<\/p>\n\n\n\n

In the long run, investors should monitor<\/strong> Ethereum<\/strong>, which maintains strong fundamentals. To buy Ethereum (ETH) on Bitget<\/strong>, here are the key steps:<\/p>\n\n\n\n

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  1. Create a Bitget account
    <\/strong>Sign up on     Bitget<\/a> with your email or phone, verify the code sent, and enable 2FA to secure your account.<\/li>\n\n\n\n
  2. Verify your identity (KYC)
    <\/strong>Submit an ID document to complete the KYC verification, necessary for trading.<\/li>\n\n\n\n
  3. Add funds
    <\/strong>Deposit cryptocurrencies (USDT, BTC) or fiat via credit card (Visa, Mastercard) or bank transfer in the “Deposit” section.<\/li>\n\n\n\n
  4. Access the ETH market
    <\/strong>Go to the “Spot Market,” search for “ETH,” and select the ETH\/USDT pair.<\/li>\n\n\n\n
  5. Make the purchase
    <\/strong>Choose a market order (instant purchase) or limit order (fixed price), enter the quantity, and confirm.<\/li>\n<\/ol>\n\n\n\n
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    Buy ETH on Bitget and receive $10 !<\/a><\/div>\n<\/div>\n\n\n\n

    More on this topic :<\/p>\n\n\n\n