Ethereum Revisits Five-Year Demand Zone as Analysts Cite Accumulation Phase and Mixed Signals
Ethereum returned to a five-year demand zone that historically served as an accumulation range, analyst Merlijn The Trader said Monday, with Ether revisiting April 2025 levels near its brief drop below $1,500 and long-term lows from July 2022 to November 2023. Investor StockTrader Max argued ETH is now a long-term investment in a multi-year accumulation phase, cautioning it is no longer a "get rich quick" asset and should be held for years rather than months. Analyst Sykodelic highlighted a "hidden bullish divergence" on the weekly chart, a pattern where RSI makes a lower low as price sets a higher low, which previously preceded a 100% ETH rally. Fundstrat's Tom Lee said his Ethereum DAT BitMine arm bought 51,162 ETH over the past week as part of a strategy to steadily accumulate and stake, while Ether slipped below $1,900 to around $1,830 on Tuesday morning in Asia, near its Feb. 6 low.