Calling the ETH Bottom: Opportunity in the $1.5K–$2K Range - Lookonchain

Calling the ETH Bottom: Opportunity in the $1.5K–$2K Range

The author believes ETH has bottomed in the $1,500–$2,000 range, mirroring their earlier successful BTC bottom call. With BTC dominance peaking, DXY weakening, and sentiment low, ETH is seen as undervalued late in the cycle. The setup suggests ETH could reclaim $4,000, offering a strong risk-adjusted opportunity.

And now, $ETH has bottomed, I bought more $ETH.

Alright, time for an $ETH analysis. It's been too long. But my interest faded at the time. Now I'm interested again at these prices (the glorious 1500-2000$ range).

We called the bottom on $BTC at the very day of the initial low, around 77k, which aged quite well. And after $BTC comes $ETH, that is true for tops, but also bottoms. So now, it's time to call the $ETH bottom and confirm it.

So aside from the $BTC bottom call being confirmed IMO, $ETH also has a clear range where it has performed a false breakdown into the most key initial breakout monthly POI. It also has very clear equal highs at 4000$ which are primed to get revisited.

Finally, we are in the speculative stages of the cycle, $BTC.D is topping out and $DXY has shown its weakness on the high timeframes all as discussed before, and you know my stance on $BTC and you know why I have a large long position (a breakout is coming).

So all things combined, a $BTC move up with a decreasing $BTC.D means that $ETH naturally takes up a larger share.

Sentiment is as bad as ever, and the fundamentals have been unchanged.

All things combined, this bottom call is very useful here. From a cyclical standpoint, $ETH is only up 2x from its stone cold cyclical bottom, yet we are already in the final year of the cycle.

That makes $ETH cheap at a late time, which is why these times maximize opportunity and why holding $ETH minimizes risk adjusted opportunity cost these days.

NFA, but this indeed is not a time to be bearish.

And I think this bottom call will age as well as our $BTC bottom call.

We will see.

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