Ethereum has maintained a position above USD 2,500 after a subtle withdrawal from the last higher above 2700 USD last week. At the time of writing, the assets trade at USD 2564, which reflects the raise of 2.4% in the last 24 hours.

While the wider cryptographic market remains in a stubborn structure, largely driven by a edged bitcoin movement up, the relative ethreum rush seems more hardened, raising questions among traders and analysts about its current positioning.

Retail silent, alert institutions

Despite the price that remained above key levels, some analysts believe that Ethereum has fully captured the enthusiasm of a wider market. One of such observations was presented Bulk Kesmeci, an analyst of Cryptochent, who noticed that retail activity around Ethereum remains low compared to previous cycles.

This may suggest that the Ethereum rally is still at an early stage, and he left potential growth in the inconception of those not covered on the market. The lack of retail enthusiasm, which historically coincided with local tops, can signal that Ethereum has not yet reached the peak in this cycle.

Kesmeci analysis showed a significant change in retail involvement around Ethereum. Comparing to Bull 2021, the analyst noticed that earlier rallies are often accompanied by edged ranges of retail frequencies.

However, in the current cycle, retail interest was largely muted, even when Bitcoin increased from USD 16,000 to over USD 111,000. While ETH recorded a compact raise in retail activity in December 2024, this Tympa quickly disappeared among wider market reactions to geopolitical development, including renovated tariff tensions.

The analyst came to the conclusion that the market could still be in the accumulation phase, because the typical euphoria based on retail retail has not yet materialized. In this scenario, Ethereum can take advantage of increased participation in the coming months, especially if macroeconomic moods stabilize. The potential of the delayed retail entry suggests that the current Ethereum rally can only be at the middle point, and not approach the local top.

Ethereum technical configurations suggest a stubborn continuation

On the technical front of several market analysts still have positive ETH prospects. A nickname analyst known as Crypto busy Published In X, that the monthly asset chart remains structurally intact, referring to the previous level of key resistance nearly 1410 USD.

According to the post, the breakthrough of Ethereum above this long -term barrier turned her into support, replicating the configuration that historically preceded the main rally. Further strengthening this perspective, analyst Michaël van de poppe emphasized The importance of Ethereum price campaign near USD 2,400.

He noticed that this zone offered a forceful opportunity to buy and believes that if Ethereum can successfully test and keep it above this threshold, there may be a transition to $ 3,000. According to Van de Poppe, such a breakthrough would signal the beginning of the recent stubborn ETH phase.

A distinguished picture created from DALL-E, chart from TradingView