Crypto analyst Marcus Corvinus has shared his perspective on Ethereum’s recent price decline, maintaining an optimistic outlook despite the altcoin’s current struggles. According to Corvinus, this downturn represents nothing more than a temporary pullback before ETH embarks on another explosive rally toward fresh all-time highs.
Technical Analysis Points to Hidden Strength
In a recent social media post, Corvinus highlighted what he describes as hidden bullish momentum building beneath Ethereum’s surface. The analyst pointed out that ETH is currently demonstrating superior performance compared to Bitcoin, noting that while BTC has established lower lows, Ethereum has maintained higher lows throughout this correction period. This price behavior, according to Corvinus, showcases genuine resilience during market stress.
The technical picture for Ethereum reveals several encouraging signals, Corvinus explained. Bearish trading volume has been steadily declining since last month, suggesting that sellers are becoming exhausted. Additionally, the analyst identified a Hidden Bullish Divergence pattern in the RSI indicator, where the oscillator formed a lower low while price action created a higher low – a configuration that typically signals strong continuation potential.
Despite the RSI showing oversold conditions, Ethereum has successfully defended the July support level on two separate occasions. Corvinus views this defense as significant evidence of underlying strength rather than mere coincidence. He believes ETH is currently consolidating at elevated levels rather than entering a reversal pattern, which historically leads to upward breakouts.
$ETH Hidden Bullish Power Brewing 🔥
Ethereum is playing a smarter game than Bitcoin right now. While BTC made a lower low… ETH held strong with higher lows. That’s not just price action it’s strength under pressure.
Here’s what’s unfolding:
1. Bearish volume fading since… pic.twitter.com/RclSje1YRu
— Marcus Corvinus (@CryptoBull009) August 1, 2025
Price Targets Remain Ambitious
Corvinus maintains his conviction that Ethereum’s current weakness is simply the quiet period before the next major upward move. The analyst sees ETH continuation as virtually certain and keeps his cycle target range of $7,000 to $8,000 intact. From his perspective, the upcoming breakout represents a matter of timing rather than possibility.
However, not all market observers share this bullish sentiment. BitMEX co-founder Arthur Hayes has suggested that Ethereum could still decline to the $3,000 psychological level before any meaningful recovery begins. Hayes points to Trump administration tariff policies and disappointing US employment data as factors that could pressure crypto markets lower.
Hayes also expressed concerns about global liquidity conditions, noting that major economies aren’t generating sufficient credit growth to support nominal GDP expansion. This lack of liquidity creation raises questions about where the fuel for crypto rallies might originate. The BitMEX executive also anticipates Bitcoin could retest the $100,000 threshold during this correction phase.
Current market data shows Ethereum trading just under the $3,500 mark, representing a nearly 5% decline over the past 24-hour period according to CoinMarketCap figures.
Impact on Trader Psychology
The conflicting analyst perspectives may contribute to increased uncertainty among Ethereum traders in the near term. This technical disagreement between prominent figures could amplify volatility as market participants weigh competing narratives about ETH’s direction.
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