{"id":3899,"date":"2025-04-06T04:11:10","date_gmt":"2025-04-06T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/crypto-analyst-who-called-ethereum-price-dump-says-eth-is-now-undervalued-time-to-buy\/"},"modified":"2025-04-06T04:11:10","modified_gmt":"2025-04-06T04:11:10","slug":"crypto-analyst-who-called-ethereum-price-dump-says-eth-is-now-undervalued-time-to-buy","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/crypto-analyst-who-called-ethereum-price-dump-says-eth-is-now-undervalued-time-to-buy\/","title":{"rendered":"Crypto Analyst Who Called Ethereum Price Dump Says ETH Is Now Undervalued, Time To Buy?"},"content":{"rendered":"

Crypto analyst Doctor Profit, who called the Ethereum price dump, is now providing a bullish outlook for ETH. Based on his analysis, now might be a great time to buy Ethereum, which has so far underperformed other top cryptocurrencies<\/a>.\u00a0<\/p>\n

Analyst Says ETH Is Now Undervalued Following Ethereum Price Dump<\/h2>\n

In an X post<\/a>, Doctor Profit stated that ETH is undervalued now following the Ethereum price dump. He noted that the leading altcoin is sitting at a historical support<\/a> at $1,800, the same support he had predicted that ETH would dump to. With this massive correction and fear in the market driving Ethereum to this support level, the analyst claimed that the altcoin is undervalued now.\u00a0<\/p>\n

His analysis suggests that now might be a great time to accumulate ETH as the Ethereum price could rebound from this historical support. Indeed, some investors are already using this massive correction as an opportunity to stack up more coins<\/a>. IntoTheBlock data shows that Ethereum\u2019s \u2018Concentration\u2019 metric is currently bullish, indicating that ETH whales are adding to their positions.\u00a0\u00a0<\/p>\n

Besides Doctor Profit, crypto analyst Astronomer also believes that ETH is currently undervalued and predicts that the Ethereum price could revisit $4,000<\/a>. He highlighted several technical signals that indicate that the leading altcoin could reach these highs. The analyst also alluded to the $1,800 support, noting that this range has historically been a launch pad for price recoveries.\u00a0<\/p>\n

However, crypto analyst Kledji has predicted that the Ethereum price could still drop to as low as $1,400 before rebounding. He stated that ETH will likely consolidate around this range for a while before it rallies to this $1,400 target later this month. His analysis suggested that the altcoin\u2019s downtrend depended on Bitcoin\u2019s performance. Therefore, if BTC recovers from this range, ETH will unlikely drop to that $1,400 level.\u00a0<\/p>\n

ETH\u2019s Dominance Is On The Decline, But History Could Repeat Itself<\/h2>\n

In an X post, crypto analyst Rekt Capital<\/a> revealed that ETH\u2019s dominance has dropped from 20% to 8% since June 2023 as a result of the Ethereum price dump. He then noted that Ethereum\u2019s dominance has historically reversed this 8% zone to become more market-dominant. The analyst then raised the possibility of history repeating itself, with ETH recovering well and enjoying a higher market dominance.\u00a0<\/p>\n

\"Ethereum\"<\/p>\n

Crypto analyst Crypto Patel is also confident that the Ethereum price will rebound soon. His accompanying chart showed that ETH could bounce from this $1,800 support and enter phase 3 of the Wyckoff chart, sending its price to as high as $6,800, a new all-time high (ATH).\u00a0<\/p>\n

Related Reading: Ethereum Price: Analyst Predicts \u2018Most Hated Rally In Crypto\u2019<\/a><\/p>\n

At the time of writing, the Ethereum price is trading at around $1,800, up over 1% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Doctor Profit, who called the Ethereum price dump, is now providing a bullish outlook for ETH. Based on his analysis, now might be a great time to buy Ethereum, which has so far underperformed other top cryptocurrencies.\u00a0 Analyst Says ETH Is Now Undervalued Following Ethereum Price Dump In an X post, Doctor Profit…<\/p>\n","protected":false},"author":1,"featured_media":3900,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[220,2128,2129,2107,1891,138,359,360,102,232,233,839,2130,104,105,922,2108,1113,2131],"class_list":["post-3899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-astronomer","tag-coinmarkatcap","tag-crypto-patel","tag-doctor-profit","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethereum-whales","tag-ethereums-dominance","tag-ethusd","tag-ethusdt","tag-intotheblock","tag-kledji","tag-rekt-capital","tag-wyckoff-chart"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3899"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3900"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}