36 Ethereum Analysis: Preparing for the Next Big RallyBitcoin has been hitting new all-time highs daily, while Ethereum remains stable around the $3,100 level. This stability can be attributed to the rising Bitcoin dominance, causing altcoins paired with BTC to decline. Consequently, the ETH/USDT pair is also trading within a narrow range. Bitcoin’s Role in Ethereum’s StabilityBitcoin’s dominance continues to rise, driving altcoin pairs in the BTC market downward. This has kept Ethereum’s price stable against USDT. However, history suggests that when Bitcoin stabilizes and its dominance starts to decline, Ethereum often begins a significant rally. In light of this, accumulating Ethereum during this consolidation phase could be a strategic move. If Ethereum’s rally begins, the potential upside could be substantial, with targets pointing toward $10,000.Technical Analysis of ETH/USDTWeekly Chart InsightsBullish Structure: The weekly chart of ETH/USDT shows a super bullish trend. The pair is trading within a parallel channel and has successfully held the support level of this channel.Key Levels:First Entry Zone: Between $3,000 and $3,100.Second Entry Zone: If Bitcoin pumps further and its dominance increases, Ethereum’s price may drop to $2,600–$2,700, which is an excellent second entry point.Resistance Level: The red resistance zone is critical for Ethereum. Once ETH/USDT breaks above this level, a rapid move toward $8,000–$10,000 could follow.The Bigger PictureDuring the previous bull run in 2021, Ethereum reached an all-time high of $4,868. Despite many altcoins breaking their previous highs, Ethereum remains 36% below its peak. This divergence presents a unique opportunity for long-term investors to accumulate ETH at favorable prices.What to Watch For1. Bitcoin Stabilization: As Bitcoin stabilizes and dominance decreases, Ethereum is likely to begin a major rally.2. Breaking Resistance: If ETH/USDT breaks above the red box resistance zone, it could trigger a surge toward the $10,000 target.ConclusionEthereum’s current price stability offers a rare window for accumulation. The first entry zone between $3,000–$3,100 provides a solid starting point, while the second entry zone of $2,600–$2,700 (if reached) offers an even better opportunity. With Ethereum’s weekly chart signaling strong bullish potential, this might be the ideal time to position yourself for the next big rally.Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.
