Ethereum Analyst Identifies 'Kill Zone' for Favorable Price Accumulation

A recent analysis by crypto expert Lingrid has shed light on Ethereum's current market dynamics. The expert has identified a 'Kill Zone' in ETH's price action, pinpointing an area where traders can accumulate the cryptocurrency at a favorable price.

The Kill Zone, located between $2,100 and $2,135, is situated right above a long-term rising macro support line. This area has been confirmed as a structural bottom by Lingrid, who notes that ETH's price has held firm despite recent selling pressure.

According to the analyst, this phase of accumulation is likely complete, allowing for a potential rapid push higher towards $2,300. The target is supported by both technical and fundamental analysis, with gas fees hitting a 12-month low and institutional staking inflows rising over the last 24 hours.