The Ethereum price is now hovering above the $ 3,200 range, and despite the choppy action, ETH USD has held up better than expected. We somehow feel that altseason is creeping in.

However, we are split in confidence; some of us see a real trend shift forming, others, though, think the market is baiting everyone before another dip.

Market Cap

Bulls, including me, notice the structure on higher timeframes that hasn’t changed much since the bounce off the 2700 zone. We can see a clear bullish divergence that has been building for weeks, and the current Ethereum price chart is simply coiling before it pushes through Valhalla.

But bears don’t buy it. They keep coming back to the same line. As long as ETH USD stays trapped under 3300–3250, the entire move looks like a fakeout. If that zone doesn’t break, they expect a slide toward 2800, maybe even faster than most people think. F bears.

Ethereum Price Split: Bullish Divergence or Another Fakeout? Altcoin Season Coming?

Another thing to consider is Bitcoin dominance. It is slipping under 60% for some time now, while forming a massive head-and-shoulders pattern, one that’s been forming since the end of 2024.

Ethereum price is hovering above $ 3,200 and ETH USD has held up better than expected. We somehow feel that altseason is creeping in

(source – BTC.D, TradingView)

We know altseason is coming again. And as usual, Ethereum leads when capital rotates, and the price has started showing the early signs of that rotation.

On top of all the above, BlackRock’s push for a staked Ethereum ETF turned heads just days after spot ETH ETFs saw their strongest inflows since October. Tom Lee also doubled down on his long-term view, saying too many new holders focus on the now instead of the supercycle he believes where ETH USD will eventually ride toward six figures.

“Ethereum’s price is not about what’s happening today. It’s the future…Invest in that supercycle…I think what people get wrong is… Ethereum… It’s still got a $100,000 price in the future,” – Tom Lee said

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Tokenized World is The Future: ETH USD Lags

Tokenization is where things are actually interesting. Real estate, stocks, bonds, IP, art, when everything ends up on-chain, the addressable market is absurdly large. Ethereum already leads in tokenized assets, with a total of $17 billion in RWA TVL, the $10 billion belongs to Ethereum.

Ethereum price is hovering above $ 3,200 and ETH USD has held up better than expected. We somehow feel that altseason is creeping in

(source – RWA TVL, DefiLlama)

Even with fees down and institutions settling mostly in USD, ETH still sits at the center as the settlement layer. How much value ETH captures is the real debate, but the network is never going to lose relevance.

Adding to the bullishness, recent ETF flows went positive again, and with ETH up by more than 9% against USD in a few days, the charts still have room for another big move.

Ethereum price is hovering above $ 3,200 and ETH USD has held up better than expected. We somehow feel that altseason is creeping in

(source – ETH USD, TradingView)

Once altseason decides to stop its warming-up phase, Ethereum price could head toward a new all-time high. The only thing left is a clean break above that stubborn resistance.

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Bonus: MAXI DOGE, Full Leverage, No Stop Loss

Amid the incoming altseason, the dog memecoin space is experiencing its own race, and Maxi Doge (MAXI) is emerging as the undisputed alpha.

Already blasting through $4.3 million in its presale, Maxi Doge is the coin designed for velocity and impact, for 100x to 1000x.

From immediate post-presale DEX and CEX listings to futures platform integration for traders who see 100x as a warm-up, every step is taken for price growth, just like ETH.

The buyers will be getting a 72% dynamic APY, a huge amount of free coins just by staking, nothing that other memecoins can give.

Presale is moving fast, and the clock is not rewinding once it’s gone. And the price will increase in less than 2 days.

You can visit the latest news about MAXI on Telegram and X.

Visit MAXI Here

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Akiyama Felix
Akiyama Felix
Crypto Journalist

Felix Akiyama is a True Veteran, Originating From the Crypto Class of 2018. A former visual effect artist turned to onchain degen and Vitalik Loving ETH maxi. Felix is notable in the VFX world for being one of the few... Read More

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