Ethereum Poised for Rally Above $2.4K, Say Analysts

Crypto analysts suggest Ethereum (ETH) could see a rally in the coming weeks if it maintains its position above the crucial $2,400 price level. Michaël van de Poppe, founder of MN Trading Capital, believes ETH is “holding above this crucial range low” and could “be testing the other side of the range.” Despite a historical weakness in Q3, recent whale purchases (1 million ETH on June 16th) and consistent inflows into spot Ether ETFs are signaling renewed institutional and retail interest.