Analyst Says “Ethereum’s Brutal Run Is Over” Urges Focus on “This Pattern”
Analyst Says “Ethereum’s Brutal Run Is Over” Urges Focus on “This Pattern”
Ethereum, which is seeking a rebound after putting an end to a prolonged bear market, has completed preparations to reshape the market landscape by consolidating new upward momentum above a historic support level.
On February 8 (local time), according to cryptocurrency-focused media outlet NewsBTC, digital asset analyst Crypto Jack stated, “Ethereum (ETH) prices will not fall forever,” analyzing that the current correction phase is entering its final stage. He specifically pointed out that the ETH/BTC chart, which represents Ethereum’s value relative to Bitcoin (BTC), is forming a strong double-bottom pattern near historic lows.
Currently, Ethereum’s weekly Relative Strength Index (RSI) has entered oversold territory, showing a pattern similar to periods that previously preceded major rebounds. Crypto Jack emphasized that technical indicators suggest prices have passed the peak of the decline and are signaling recovery, diagnosing that the present moment of extreme fear among investors may actually be an optimal accumulation opportunity from a long-term perspective. In particular, if inflows into spot Ethereum ETFs gradually recover, supply constraints could intensify and accelerate price appreciation.
As signals emerge that Bitcoin dominance has reached its peak, the prevailing assessment is that capital is preparing to rotate back into Ethereum, the leading altcoin. Looking back at past cycles, Ethereum has historically posted record returns by absorbing profit-taking flows after sharp Bitcoin rallies. Experts predict that if Ethereum overcomes its relative weakness against Bitcoin and reclaims the 0.05 BTC level, a powerful altcoin season could unfold across the broader market.
Ethereum’s fundamentals remain solid, supported by network upgrades and growing numbers of active addresses. Even amid increasing volatility in the crypto market, developer participation in the ecosystem and smart contract usage continue to rise, strengthening Ethereum’s position as a utility asset that goes beyond a simple store of value. Institutional investors are also reportedly planning major portfolio adjustments in line with the easing of regulatory uncertainty.
Ethereum now stands at a critical inflection point, consolidating new upward momentum at the tail end of its price decline. As technical indicators improve and the market’s supply-demand structure gradually stabilizes, the potential for an independent Ethereum rally is gaining traction. Investors are focusing less on short-term price fluctuations and more on key resistance breakouts on the charts and changes in on-chain data, preparing for the upcoming market reorganization.
*Disclaimer: This article is provided for investment reference only, and no responsibility is assumed for investment losses based on this content. The information should be interpreted solely for informational purposes.*
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