Is the Expected Recovery Beginning in Ethereum? Analysis Firm Reveals! -Experienced Analyst Warns: "If ETH Falls Below This Level, There Will Be No Altcoin Rally!"

The largest altcoin Ethereum (ETH), deviating from the overall market in the last 24 hours, experienced a rare increase. ETH price surpassed $2,800 and reached a 12-day high, but this was short-lived.

Santiment, analyzing the current situation of Ethereum, stated that although the Ethereum price retreated, this movement indicated a recovery signal for ETH.

Analysts pointing out the need to think long term for ETH said that ETH continues to move from exchanges to cold wallets at a shocking speed.

Santiment indicates that this situation means investors are not considering selling and have adopted a long-term holding strategy, predicting that Ethereum will have a stronger upside potential when a general recovery occurs.

Ethereum showed signs of a slight recovery. Although the price later retraced, it left most altcoins behind at the start of the week.

From a long-term perspective, ETH continues to move out of exchanges and into cold wallets at a shocking rate.

When crypto assets generally separate from centralized exchanges, this is often a sign that investors are holding onto what they have. And it reduces the likelihood of an upcoming major selling wave.

Santiment recently indicated that interest in Ethereum has increased again, stating, "By the way, the community started showing interest in Ethereum again in February. After significantly underperforming other major assets in 2024, there was an expectation of a recovery when recoveries began across the market."

Altcoin Rally Depends on Ethereum!

Santiment analysts draw a positive picture for Ethereum, while popular analyst Ali Martinez revealed the critical level for ETH.

An analyst making a big prediction claimed that if ETH falls below $2,600, there will be no altcoin rally.

An analyst stated in his post from account X that if Ethereum falls below $2,600, there will be no altcoin season.

Altseason will be canceled if #Ethereum $ETH fails to hold $2,600! pic.twitter.com/slt2O02Waq

— Ali (@ali_charts) February 18, 2025