# Analysts Identify Ethereum's Bottom Long-term projections suggest Ethereum could reach $7,000. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-07-24 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/3bda7bca-cdf3-4a65-98e6-428dba32065c ## Ethereum's Bottom Analyst NoName stated that Ethereum has reached its bottom with four consecutive lower peaks. The price has entered the $1,300 to $1,900 range, which is considered the floor. ## Psychological Effects The analyst noted that Ethereum was everyone's favorite at $4,900 but is now called a 'dead chain' below $2,000. This is seen as a psychological rather than a technical effect. ## Technical Indicators ETH's MVRV ratio crossing its 160-day moving average is interpreted as a signal that has preceded several recoveries in the past, marking the end of the distribution phase. ## Investor Interest Ethereum's 30-day funding rate average on Binance reached its highest level in six months, indicating improving market sentiment. ## Whale Movements Lookonchain tracked a wallet purchasing 27,000 ETH through Galaxy Digital's OTC desk. Arthur Hayes also added a total of 3,270 ETH over eight days. ## Long-Term Target Both NoName and Nonzee analysts project that Ethereum could reach $7,000 in the long term, but a drop to the $900 to $1,300 range is expected first. ## Sources covering this story - https://cryptopotato.com/ethereum-bear-market-bottom-is-in-analyst-eyes-7k-long-term/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._