💠 ETH Breaks $2,038 (+2.9%): The Quiet Accumulation Continues

While everyone's focused on XRP's 18% pump and BTC at $70K, Ethereum is quietly building a solid foundation above $2,000. ETH just hit $2,038 with a healthy +2.9% gain and volume at $74B. Sometimes the best trades are the boring ones!

📊 The Setup

Entry: $2,020 - $2,040 (current range)
Target 1: $2,200 (key resistance)
Target 2: $2,400 (major supply zone)
Stop Loss: $1,920 (below psychological $2K)

🧠 Why ETH is a Solid Play

• Holding $2K support with +2.9% daily gain - strength in consolidation
• 24h high of $2,043 showing steady buying pressure
• Low of $1,757 held firm - accumulation confirmed
• Market cap at $245B - second only to BTC
• 120.7M ETH circulating - deflationary post-merge
• 58% below ATH of $4,946 - significant upside potential
• ETF inflows continue - institutional adoption growing

⚠️ The Bear Case

ETH has been lagging BTC in this cycle. The "ETH is ultrasound money" narrative hasn't played out as expected. Competitors like SOL are eating market share. If ETH loses $2K support, we could see a quick drop to $1,800. Watch BTC correlation closely!

📈 ETH vs The Market

ETH/BTC ratio has been declining, which concerns some holders. But in USD terms, ETH is still the second-best place to be after BTC. In bull markets, ETH typically catches up to BTC in the later stages. If BTC holds $70K, ETH could see significant catch-up gains.

Not financial advice. DYOR. Trade safe!

ETH maxis - are we seeing $2,500 before April? Drop your predictions! 👇