Crypto Express

07/23 04:30

Will Schiff’s ETH local top be validated?

From a technical point of view, Schiff’s statement was spot on as the $4K has been a key resistance level this cycle for ETH. 

It marked the local tops in early and late 2024, and if that trend holds, his concerns about another local peak could be validated. 

But unlike 2024 peaks, there are different 2025 narratives and catalysts that some analysts believe could push ETH beyond the $4K hurdle. 

The expected stablecoin and tokenization growth have seen several public companies jump on the ETH treasury bandwagon.

Now, SharpLink Gaming and BitMine Immersion Technologies hold more ETH than the Ethereum Foundation and still plan to buy more. 

In fact, even the on-chain data reinforced the above positive market shift for the first time since the price recovery began in Q2, especially from a retail perspective.

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