- Analyst shares urgent ETH buy signal as market presents opportunity.
- Bitcoin price fell, taking ETH prices with it.
- Bitcoin Dominance may decline soon, giving altseason the chance to arrive.
The crypto market took another tumble today as the price of Bitcoin (BTC) sank further to the $103,000 price range. As the pioneer cryptocurrency fell, the pulled down the price of the pioneer altcoin Ethereum (ETH) as well. Now, the price of ETH sits at the $2,500 price range as an analyst shares urgent ETH buy signal. He says that the market has offered a promising entry opportunity on ETH before ETH and altcoin prices start to explode.
Analyst Shares Urgent ETH Buy Signal
Yesterday, the price of the pioneer crypto asset Bitcoin (BTC) fell from the $110,00 price range to the $106,000 price level. This meant that BTC price suddenly fell from a price close to its previous ATH set in the $111,000 price range to below the $107,000 price level, thereby triggering mass liquidation for several BTC trades. This led to a greater drop in crypto prices as over $345 million got wiped out in under one hour.
From there, the price of BTC continued to sink to now stand at the $103,000 price mark on the last day of the month of May. This has many retail traders and seasoned analysts wondering if the price of BTC will sink to a price between $98,000 and $99,000 as many expected it would before a much higher new ATH can be set. If so, will it go lower before May ends, or will June have a rocky start?
As the price of Bitcoin (BTC) tumbled, it took altcoin prices down alongside it, with the biggest impact seen on the pioneer altcoin asset, Ethereum (ETH). After a painstaking Q1 where ETH set a bottom at the $1,700 price range, the price of ETH finally began to pump in Q2 2025. The asset first broke past $2,000 to rapidly surge in price until it surpassed the $2,500 barrier and hit the $2,700 price target.
ETH Price Dips Below $2,700
Now, the price of ETH has pulled back to the $2,500 price range following Bitcoin’s ongoing price drop. While seasoned analysts remain unconcerned, several altseason expectations were crushed. To highlight, altseason’s peak phase for the ongoing bull cycle was expected to arrive Q1, instead, due to Bitcoin’s prolonged correction phase that quarter, analysts confirmed that altseason would arrive in Q2 instead.
https://x.com/TedPillows/status/1928441262522438081
Now with the price of ETH back to the $2,500 price range, analysts are urging traders and investors to leverage this golden opportunity and accumulate ETH as the price is still about 50% below the asset’s previous ATH price. He also goes on to add that BTC Dominance may have already peaked and ETH is preparing for a major bullish advance , finally triggering altseason and pumping altcoins alongside it.
