![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
- ETH has surged by 4.36% over the past month.
- Ethereum was experiencing an upward momentum, signaling more gains if $2264 support holds.
Since hitting a local low of $2309, Ethereum [ETH] has seen a strong upward momentum. Thus, the recent gains have outweighed the losses to turn October green.
In fact, at the time of writing, Ethereum was trading at $2525. This marked a 2.44% increase over the past day. Equally, ETH has surged by 4.36% on monthly charts with an extension to the bullish trend by a 1.53% rise on weekly charts.
Looking further, the altcoin has seen a surge in trading activities. As such, its trading volume has increased by 35.51% to $12.43 billion.
As expected, these market conditions have left crypto analysts talking about the altcoin’s trajectory. One of them is the popular crypto analyst Man of Bitcoin who has suggested that the current bullish scenario is valid if ETH holds above $2264.
Market sentiment
In the analysis, Man of Bitcoin posited that ETH is moving sideways, implying it is in a consolidation range.
Source: X
According to him, the current movements on price charts show weakness thus indicating a potential downside.
Therefore, the analysts argue that the bullish scenario identified is only valid as long as ETH trades above $2264.
With the altcoin holding this level, using the Elliot wave analysis, the potential next move is Wave -C of iii at $3096. This implies that the price range is within the third wave which is strongest and has the potential for further gains.
However, if the altcoin fails to hold this level and experiences a breakdown, it will imply that Wave -iv is moving to the downside.
What ETH charts say..
Undoubtedly, the analysis provided by Man of Bitcoin offers a cautious future outlook. However, it’s essential to counter-check and determine what other market indicators imply.
Source: Coinglass
For example, Ethereum’s Long/Short ratio has remained above over the past 24 hours. At press time, ETH’s long/short ratio was 1.1195 signaling increased demand for long positions.
As such, long position holders are dominating the market as they continue to open new trades.
Source: Cryptoquant
Additionally, Ethereum’s Supply exchange ratio has experienced a sustained decline over the past 5 days. A declining supply exchange supply implies that investors are opting to hold onto their ETH. This usually reduces tokens in supply resulting in to supply squeeze.
Source: Cryptoquant
Read Ethereum’s [ETH] Price Prediction 2024–2025
Finally, ETH exchange inflow has declined for the last 4 days signaling a shift in market sentiment to holding as illustrated by a decline in the supply exchange ratio.
Simply put, ETH is in a bullish phase, and as observed by the analyst earlier, this is valid as long as the $2264 support holds. Therefore, with positive market sentiment and investor favorability, ETH will attempt a $2727 resistance level in the short term.
- ETH has surged by 4.36% over the past month.
- Ethereum was experiencing an upward momentum, signaling more gains if $2264 support holds.
Since hitting a local low of $2309, Ethereum [ETH] has seen a strong upward momentum. Thus, the recent gains have outweighed the losses to turn October green.
In fact, at the time of writing, Ethereum was trading at $2525. This marked a 2.44% increase over the past day. Equally, ETH has surged by 4.36% on monthly charts with an extension to the bullish trend by a 1.53% rise on weekly charts.
Looking further, the altcoin has seen a surge in trading activities. As such, its trading volume has increased by 35.51% to $12.43 billion.
As expected, these market conditions have left crypto analysts talking about the altcoin’s trajectory. One of them is the popular crypto analyst Man of Bitcoin who has suggested that the current bullish scenario is valid if ETH holds above $2264.
Market sentiment
In the analysis, Man of Bitcoin posited that ETH is moving sideways, implying it is in a consolidation range.
Source: X
According to him, the current movements on price charts show weakness thus indicating a potential downside.
Therefore, the analysts argue that the bullish scenario identified is only valid as long as ETH trades above $2264.
With the altcoin holding this level, using the Elliot wave analysis, the potential next move is Wave -C of iii at $3096. This implies that the price range is within the third wave which is strongest and has the potential for further gains.
However, if the altcoin fails to hold this level and experiences a breakdown, it will imply that Wave -iv is moving to the downside.
What ETH charts say..
Undoubtedly, the analysis provided by Man of Bitcoin offers a cautious future outlook. However, it’s essential to counter-check and determine what other market indicators imply.
Source: Coinglass
For example, Ethereum’s Long/Short ratio has remained above over the past 24 hours. At press time, ETH’s long/short ratio was 1.1195 signaling increased demand for long positions.
As such, long position holders are dominating the market as they continue to open new trades.
Source: Cryptoquant
Additionally, Ethereum’s Supply exchange ratio has experienced a sustained decline over the past 5 days. A declining supply exchange supply implies that investors are opting to hold onto their ETH. This usually reduces tokens in supply resulting in to supply squeeze.
Source: Cryptoquant
Read Ethereum’s [ETH] Price Prediction 2024–2025
Finally, ETH exchange inflow has declined for the last 4 days signaling a shift in market sentiment to holding as illustrated by a decline in the supply exchange ratio.
Simply put, ETH is in a bullish phase, and as observed by the analyst earlier, this is valid as long as the $2264 support holds. Therefore, with positive market sentiment and investor favorability, ETH will attempt a $2727 resistance level in the short term.
where can i get generic clomiphene how to get cheap clomid without prescription can you get cheap clomiphene for sale where to get clomiphene pill where buy generic clomid price clomiphene pills at dischem price cost of generic clomid online
This is the kind of serenity I get high on reading.
More articles like this would make the blogosphere richer.
cost azithromycin – flagyl 200mg without prescription order flagyl 400mg sale
semaglutide over the counter – purchase rybelsus pills periactin 4mg cheap
buy motilium pills for sale – order flexeril 15mg for sale flexeril over the counter