Analyst Calls ETH “Extremely Cheap” At $1,530, Eyes $4K Target This Year

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Ethereum bounced from its $1,530 support in March, rallying to $3,800 before stabilizing near a key buy zone.

Stoch RSI, MVRV, and monthly RSI all show extreme oversold levels last seen before Ethereum's historic bull runs.

Ethereum’s range between $1,530–$4,000 continues to hold with clean reactions and renewed upside into Q3 rotation season.

Ethereum's weekly chart reveals clear horizontal support and resistance between $1,530 and $4,000, with technical structure, accumulation patterns, and sustained demand at the lower boundary signaling renewed upside potential following multiple successful retests.

Ethereum Reclaims Structure as Analyst Confirms Buy Zone

Ethereum reversed sharply after revisiting its $1,530 support in March 2025, reclaiming its upward structure following months of decline. ETH price reached nearly $3,800 before facing rejection and now trades at $1,852.81. Despite recent pullbacks, overall momentum reflects ongoing accumulation within a defined range.

According to the analyst Mr. Wallstreet, Ethereum’s $1,530 level served as “our buy region from Sep 2024,” confirming historical demand. “That was the time to buy,” he stated, referring to the accumulation zone tested again in March 2025. This recent retest formed what he labels the “most recent buy region,” marked by a clean reversal and price expansion.

Source: Mr Wall Street

The analyst confirms that ETH rallied from $1,530 to nearly $3,800 following the March retest, validating the setup. Repeated rejections between $3,600 and $3,800, a level defined as the local supply zone. “The price is extremely cheap and a gift to add more,” he wrote, emphasizing continued strength above the buy region.

ETH's multi-month structure shows clean reactions at both ends of the range, with no deviation below support or above resistance. The analyst’s chart supports his claim that market behavior remains orderly, with clearly respected accumulation and distribution levels.

Oversold Technical Indicators and Macro Rotation Thesis

Mr. Wall Street highlights that Ethereum’s Stoch RSI is now at historic macro-bottom levels. “To give you an idea, this level has only been seen three times in history,” he said, referencing $90, $100, and $800 as previous bottoms. In each case, those prices were never revisited.

He also notes, “Monthly RSI and MVRV have been completely reset,” placing both at their most oversold levels in ETH’s history. This, he states, confirms the macro bottom and sets the stage for reversal. His commentary stresses that market fundamentals remain unchanged despite bearish sentiment.

The analyst further claims that Bitcoin has already achieved a 6x move from its macro low while Ethereum has only done a 2x. He expects profits to rotate from BTC to ETH between August and November, fueling a rally. “My target for this year is $3,500–$4,000 easily,” he concludes, citing a multi-billion-dollar liquidity pool in that zone.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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