๐ Analyst Sees ETH Upside Ahead Of Glamsterdam Upgrade
Weak hype, strong usage | Leverage flush + spot surge ๐
๐ฐ The Setup
โถ๏ธ Price ETH trading โผ65% below ATH, near $1,750
โถ๏ธ Sentiment Social attention at yearly lows
โถ๏ธ On-chain Still โผ450,000 active addresses daily
Analyst Wise Crypto: low social buzz + steady usage = classic pre-breakout divergence
โก Glamsterdam Catalyst
Coming in weeks. Biggest upgrade since The Merge.
Expected changes:
๐ธ3x gas limit increase
๐ธโผ78% fee cut
๐ธโผ10,000 TPS throughput
Wise Crypto calls it a โMajor catalyst. Minimal attention.โ
๐ Key Levels
๐ธBull case: Break $1,754 โ targets $2,440
๐ธBear case: Lose support โ drop to $880
ETH +7% this week, +3% in 30 days despite 3 rejections at $1,800
๐ฆ Exchange Data Tells A Story
๐ธCrypto'Quant: Binance 30D ETH open interest dropped -594K ETH โ deepest since Aug 2024
๐ธOKX: ETH spot volume hit $2.09B, +49% vs Feb high
Translation: Leverage traders leaving, spot buyers stacking. Not a full exit.
๐ฃ๏ธ Execs Bullish, Traders Cautious
๐ธJoseph Lubin: โSummer of Ethereum Love is gaining steamโ โ cites Ethlabs + 11 years uptime
๐ธ Michaรซl van de Poppe: Worst period likely over. 3 straight -20% quarters = historic low. Sees CLARITY Act as liquidity driver
โ๏ธ Bottom Line
ETH is quiet on socials but busy on-chain.
If Glamsterdam delivers and $1,754 flips, the path to $2,440 opens.
Until then, spot demand vs leverage flush will decide ๐
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