Fundstrat’s Newton Sees Ethereum Bottom at $4,300, Rally to $5,100
Mark Newton, Managing Director and Head of Technical Strategy at Fundstrat, predicts an Ethereum bottom at roughly $4,300 within the next 12 hours, presenting a strong risk/reward entry. He warns that a drop below the key support at $4,067 would negate this bullish stance. On the upside, he identifies resistance near $5,100 and sees potential for Ethereum to rally to $5,400–$5,450 if momentum continues. At press time, ETH traded near $4,400, down over 7% in 24 hours amid a market-wide pullback that pushed Bitcoin below $110,000, around $109,782. BitMine Immersion, the largest corporate ETH holder, added 190,500 ETH last week, raising its holdings to about 1.7 million ETH (~$7.5 billion). Newton’s outlook suggests a firm Ethereum bottom and clear technical thresholds to watch for a resumption of the uptrend.
Bullish
Mark Newton’s projection of an Ethereum bottom around $4,300, supported by a critical floor at $4,067, signals a bullish opportunity. Similar scenarios—such as ETH’s test of $2,800 in early 2024 followed by a rapid recovery—show that holding key supports can trigger strong rebounds. The clearly defined resistance at $5,100 and potential upside to $5,400–$5,450 set tangible targets for traders. Additionally, BitMine Immersion’s significant ETH accumulation reflects institutional demand. In the short term, traders are likely to buy near the identified bottom and target the resistance levels. If ETH sustains above $4,067 and breaks through $5,100, it could reaffirm the mid to long-term uptrend, supporting a bullish outlook.