Chris
Engineer & Entrepreneur, Equity/Crypto Swing Trader, Macro & Trade Setups
Ethereum will probably be one of 2026's biggest "why didn't I buy more?" trades because its higher-timeframe technicals are improving while sentiment remains washed out. There is a real possibility it is sitting near the lows of the four-year cycle, and the ETH/BTC weekly RSI looks primed for a potentially huge move over the coming months. Bullish calls on Ethereum are rare, and this one combines the technical picture with gut conviction. x.com x.com
Ethereum sentiment is flashing a mega contrarian signal: @CryptoKaleo, one of the biggest crypto bulls, flipped bearish only after a 70% ETH drawdown, now expecting a drop near $1K to retest 2022 lows before a run back to the highs. Turning bearish that late is poor risk/reward on both sides of the trade. x.com
Ethereum's upside looks worth the bet because the payoff to its prior high is much larger than the downside, and buyers still respond to good news. There is roughly 16% down to $1,950 versus a little over 2x back to the prior all-time high. LIT caught a sharp bid around its US regulatory plans, and CHIP rallied 40% around a $1 million buyback; that response looks like a bull-market sign. x.com
Bitcoin now has the chance to become what it was designed for, a true digital store of value and safe haven, since it has shown virtually zero correlation with the US market over the past 12 months. Bitcoin has completed its Cycle Wave 2 pullback while the broader market may correct later this year, so both Bitcoin and Ether look like attractive buys at these levels. x.com
Ethereum's strong ecosystem is not translating into enough ETH value capture to support significant appreciation unless that changes. The Ethereum Foundation selling ETH again is frustrating; buybacks and stronger incentives for L2s to accumulate and buy back ETH could improve the token's economics. Fundstrat, which owns roughly 5% of the supply, has a huge opportunity to push for better value capture. x.com x.com
Bitcoin and ether remain attractive for gradual long-term accumulation despite high volatility, with institutional demand still present. Crypto is heavily influenced by large players' buying and selling, and a final wave of panic before the next major rally would not be surprising, especially if that weakness is quickly bought. x.com
Institutional participation could make the coming altcoin cycle bigger than any before it, including 2017. Ethereum has broken its long-term downtrend against bitcoin and is retesting support, bolstering confidence in that setup. x.com
Ethereum feels weak with no clear catalyst, despite an appealing story of institutional adoption for real utility and infrastructure. The crypto craze may have petered out after about 15 years, and bitter memories of losses from counterparty blowups such as Voyager and FTX may never fade. x.com
Bitcoin and ether’s resilience despite months of speculative capital being disintegrated may be a tell. They are the investments to hold or add, not trade. x.com x.com
Ethereum is leading Bitcoin on rising liquidity and risk appetite, having already formed a higher high. On the weekly chart, clearing the 0.618 Fibonacci level at $2,535 opens a smooth path toward the 0.786 level and Ichimoku cloud resistance at $3,300+, where a first major correction or consolidation is expected before new highs. x.com x.com
Ethereum faces further downside as smart money sells into strength during distribution. A move toward $2,070 comes first; a break there puts $1,800 in view, with a possible local bottom near $1,600-$1,700 where liquidity sits. Until that sweep, bounces are for selling; a real reversal comes only afterward. x.com
Bitcoin and Ether are being bought up on negative news, which is a bullish sign not to ignore. x.com
