A pseudonymous TradingView analyst is betting that Ethereum could be on the brink of a dramatic rebound — potentially the “greatest turnaround yet” for the asset. Despite recent weekly declines and extended volatility, Mrlaimfx09 says buyers are returning and that ETH could spike toward $3,300 within weeks if key support holds.
At the time of the analyst’s post, Ethereum was trading near $2,071 (ETH is around $2,090 as of writing, after more than 2% movement in the past seven days). Mrlaimfx09 pointed out that price action has been holding inside a critical weekly demand zone following a sharp sell-off, and argues that fading selling pressure is allowing buyers to step back in and stabilize the market structure.
Bullish path outlined
- First stop: a swift rally toward an initial liquidity target around $2,400.
- Next: a push to the psychological $3,000 level.
- Upper target: a potential extension to roughly $3,300.
The analyst frames each level as a key liquidation zone where price could react during a recovery, and expects the reversal to play out on higher time frames (HTF), possibly within the coming weeks.
Bear-case scenario
Mrlaimfx09 also highlights a clear downside invalidation: if ETH closes the week below the demand zone near $2,071, the bullish thesis would be compromised. In that case he sketches a potential move toward about $1,734 — a drop of roughly 17% from the levels noted in his chart.
Takeaway
The call is a strongly bullish one centered on support around $2,000 and a sequence of liquidity targets up to $3,300, but it comes with a defined invalidation point that would signal a major breakdown. As always, this is one analyst’s view; traders should weigh it against broader market indicators and personal risk management.
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