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Ethereum just broke above the critical $3,000 level, marking a major technical milestone after surging over 20% since Tuesday. This decisive breakout signals renewed strength in the second-largest cryptocurrency, with bulls reclaiming control after weeks of tight consolidation. The move is reigniting interest across the broader altcoin market, which had remained relatively muted during Bitcoin’s recent rally to all-time highs. Now, with ETH leading the charge, many altcoins are showing signs of reversal and upward momentum. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? According to top analyst Ted Pillows, a key factor behind Ethereum’s rally is the large concentration of liquidity resting just above the $3,000 mark. Once Ethereum cleared the $2,850 resistance, momentum rapidly accelerated, driving price through the $3,000 level and into a new range of opportunity. This rally comes amid a broader shift in market sentiment. As Bitcoin sets record highs, Ethereum and other altcoins appear poised to catch up. The big question now: can ETH maintain this level and lead a full altcoin season, or is this just a temporary breakout before another round of consolidation? Ethereum Breaks Out Of Consolidation Range Ethereum has spent the last several weeks consolidating within a clearly defined range that began in early May. The altcoin hovered between support around $2,800 and resistance just below $3,000, with multiple failed attempts to break above. That changed yesterday. ETH finally closed above this key resistance, signaling a potential breakout and confirming the start of a new bullish phase. This move comes as broader macroeconomic conditions improve. Strong labor market data in the US, alongside signs of de-escalation in several global conflicts, have helped reduce uncertainty and reignite risk appetite across financial markets. With Bitcoin reaching new highs and risk-on sentiment returning, Ethereum’s breakout may signal the next wave of upside for altcoins. Top analyst Ted Pillows highlighted a key technical factor: “ETH liquidity is lying above $3,000 — and liquidity is a magnet.” This means that large clusters of buy and stop orders are concentrated above this level, attracting price movement toward those zones. Now that Ethereum has broken past resistance, the presence of high liquidity could accelerate its move upward as traders chase momentum. The breakout also holds symbolic weight. It shows that investors are regaining confidence in Ethereum’s value proposition, particularly with the broader altcoin market showing signs of life. If ETH can hold this breakout and establish $3,000 as new support, the next leg higher could materialize quickly, opening the door to targets in the $3,400–$3,600 range. Related Reading: Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason ETH Breaks Major Resistance Ethereum (ETH) has decisively broken above the psychological and technical resistance at $3,000, closing its most recent candle at $3,008.97. This breakout follows a strong 15% daily surge, as seen in the chart, marking a powerful move backed by growing bullish momentum. Volume has expanded significantly, confirming trader conviction and institutional participation in this move. The breakout puts an end to nearly two months of sideways action, with ETH previously locked between the $2,500–$2,850 range. The 200-day simple moving average (SMA), currently near $2,796, was breached with strength, acting as a springboard for price acceleration. The reclaim of this moving average adds technical validation to the breakout and signals the beginning of a new bullish leg. Related Reading: Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves ETH is now in a key zone for potential continuation. As long as bulls defend the $2,850–$2,900 level as support, Ethereum has room to rally toward $3,400 and beyond. With Bitcoin trading at all-time highs and macro conditions turning favorable for risk assets, ETH could lead the next wave of altcoin expansion. Featured image from Dall-E, chart from TradingView

Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 level, aiming to break free from weeks of sideways action. After trading within a tight range since early May, ETH is now testing the upper boundary of its consolidation zone, a move that could mark the start of a new bullish phase for the world’s second-largest cryptocurrency. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Market participants are closely watching this level, as a successful breakout above $2,600 would likely attract momentum buyers and confirm renewed strength across the altcoin sector. However, the breakout is far from guaranteed. If bulls fail to sustain this move, Ethereum could face renewed selling pressure, with price potentially revisiting lower support zones. According to Coinglass data, liquidity clusters are clearly defined at $2,800 and $2,350. These levels will likely act as magnets in the coming days, depending on how Ethereum responds to current resistance. A clean break toward $2,800 would confirm bullish intent and broader altcoin surges, while a rejection could reinforce bearish sentiment. Ethereum’s Next Move Could Ignite Altseason Altcoins remain nearly 50% below their all-time highs, but bullish momentum is quietly building. Ethereum, the leader of the altcoin market, has been consolidating in a well-defined range between $2,400 and $2,700 since early May. This prolonged sideways action has kept much of the altcoin sector in a state of indecision. Now, traders and analysts agree: Ethereum must break out to lead the next major move. Market analyst Ted Pillows identifies two key liquidity levels for ETH: $2,800 on the upside and $2,350 on the downside. These zones represent the most likely destinations for price in the short term, depending on which side of the range breaks first. If Ethereum pushes above $2,800 with strength, it would likely trigger renewed risk appetite and a broad-based altcoin rally. On the other hand, a breakdown below $2,350 could lead to deeper corrections across the board. So far, bulls have defended the $2,500 level well, and growing open interest suggests that investors are positioning for an expansion. A decisive breakout in either direction will resolve weeks of consolidation and determine the short-term trend. Until then, Ethereum remains the gatekeeper of altcoin momentum—its next move could define the path for the entire market. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason ETH Tests Resistance Amid Range-Bound Structure Ethereum is currently trading at $2,563, hovering just below the $2,600 mark, a level that has acted as short-term resistance throughout June and early July. As shown in the 12-hour chart, ETH has been trapped in a horizontal consolidation structure between $2,400 and $2,700, with multiple failed attempts to break either side convincingly. The price remains above the 50, 100, and 200 simple moving averages (SMAs), which is a positive signal for bulls. The 100 SMA at $2,532 and the 200 SMA at $2,206 have offered strong dynamic support during recent pullbacks, reinforcing the current uptrend structure. Volume remains moderate, suggesting that market participants are waiting for a clear breakout before entering with conviction. A decisive close above $2,600 would open the door for a move toward $2,800, where large liquidity clusters have been identified by Coinglass. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook However, failure to maintain this short-term momentum could push ETH back toward the $2,400 support zone. Bulls have defended this level several times, and a break below it would likely invalidate the bullish setup and increase the risk of a deeper correction. Featured image from Dall-E, chart from TradingView

As the market’s second largest cryptocurrency, Ethereum (ETH), struggles to maintain momentum above the crucial $2,500 threshold, one analyst believes that ETH is poised for a significant rally.  In a recent post on social media platform X (formerly Twitter), crypto analyst Cyclop expressed a bullish outlook, labeling the current market conditions as the best long setup for Ethereum he has seen in years. Analyst Sees $4,000 Target This Summer Cyclop highlighted that Ethereum short positions have reached all-time highs, a situation reminiscent of a previous spike that occurred just weeks ago.  The analyst noted that liquidity has been swept on both sides, creating a scenario where market uncertainty may actually benefit Ethereum. “Most doubt ETH and altcoins right now—I’m betting on $4,000 this summer,” he stated confidently. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 Cyclop outlined several key factors driving his optimistic stance. First, he pointed to the recent Pectra update, which has reinvigorated interest in Ethereum by enhancing transaction capabilities, updating security features, and improving staking options. This update has reportedly led to increased demand, contributing to a potential price surge. Moreover, Cyclop emphasized the broader macroeconomic landscape, noting that cryptocurrency adoption is accelerating beyond Bitcoin (BTC), with Ethereum taking a prominent role.  The analyst suggests that major corporations and banks are beginning to purchase and stake Ethereum, further boosting trust and interest in the digital asset which could ultimately result in more demand and more price uptrends. Ethereum Rallies May Trigger Altcoin Boom On-chain metrics also favor Ethereum, with the cryptocurrency ranking highly in various categories, according to Cyclop. It currently stands as the second-highest by fees, leads in bridged net flows, and ranks third in stablecoin supply changes, showcasing its robust market position. Another critical aspect of Cyclop’s analysis concerns altcoins and the upcoming altseason, traditionally characterized by a rush of investment into Ethereum before spilling over into smaller tokens.  He pointed out that historical patterns indicate that Ethereum price rallies often trigger broader altcoin surges, and the current market sentiment suggests that many altcoins are at their lowest ebb. Related Reading: Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47 While Cyclop acknowledges that a majority of altcoins may face significant challenges, he argues that ETH remains undervalued, especially with Bitcoin trading near $100,000.  He has made strategic moves, reallocating some of his Bitcoin holdings into Ethereum and promising strong altcoins. His initial target for Ethereum is $3,000, where he plans to take profits, followed by a series of sell orders between $4,000 and $6,000. As of press time, ETH trades at $2,500, a 12% price increase in the weekly time frame.  Featured image from DALL-E, chart from TradingView.com 

Ethereum has experienced a strong comeback after weeks of uncertainty and bearish momentum. Following a sharp breakdown below its long-standing consolidation range, ETH found support near the $2,100 level and has since surged 15% from Sunday’s low. The move comes amid improving market sentiment after a ceasefire agreement between Israel and Iran helped ease geopolitical tensions, while broader macroeconomic conditions remain in flux. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply This recent bounce has placed Ethereum back into a critical technical zone, where bulls are once again attempting to reclaim control. After spending much of May and June in a sideways range, ETH is showing signs of renewed strength, fueling optimism that the next decisive move could be to the upside. Top analyst Mister Crypto shared a bullish technical outlook, highlighting that Ethereum is getting ready for a breakout. According to his view, the current price structure and momentum suggest ETH may be preparing to challenge previous resistance levels and enter a new phase of expansion. With on-chain activity starting to pick up and broader market confidence slowly returning, Ethereum could be positioning itself as the key altcoin to lead a potential rally in the coming weeks. Ethereum Reclaims Strength Ethereum has surged more than 15% from Sunday’s lows, recovering from sharp losses triggered by geopolitical tensions in the Middle East. The announcement of a ceasefire between Israel and Iran sent a wave of relief through global markets, with ETH leading the charge among major altcoins. After briefly losing key support levels, bulls are regaining momentum as Ethereum reclaims price levels last seen before the breakdown. This rebound marks a crucial moment for ETH, as it tests the strength of current market sentiment. While macroeconomic uncertainty continues—driven by growing fears of a U.S. recession, rising bond yields, and a cautious Federal Reserve—Ethereum appears to be consolidating for a potential breakout. The broader crypto market remains on edge, with altcoins underperforming Bitcoin, and many investors watching Ethereum closely as the likely catalyst for the long-awaited altseason. According to Mister Crypto, Ethereum is now preparing for a breakout above the $2,800 resistance. This level represents a major psychological and structural barrier, and a decisive move beyond it could redefine ETH’s trajectory for the remainder of the year. Volume is returning, and on-chain data shows rising confidence from long-term holders, signaling a potential shift in trend. If bulls succeed in pushing ETH past this zone, it could trigger renewed interest across the altcoin market and usher in a wave of fresh capital. As Ethereum flirts with this breakout level, its price action in the coming days may very well set the tone for the next phase of the crypto cycle. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month ETH Testing Resistance After 15% Surge Ethereum (ETH) is currently trading near $2,414 after rebounding sharply from the $2,100 zone, a level revisited last Sunday during heightened geopolitical tensions. The 8-hour chart shows a clean V-shaped recovery, with bulls pushing the price through the 200 SMA ($2,326), reclaiming short-term control. Volume surged on the way up, confirming strong buying interest during the bounce. However, ETH now faces a test near the $2,450–$2,500 zone, where the 50 and 100 SMAs converge. These moving averages, currently acting as resistance, previously played a key role during Ethereum’s consolidation in early June. A successful breakout above this range would open the door to a retest of the $2,700–$2,800 levels, as suggested by top analysts like Mister Crypto. Related Reading: Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction For now, price action remains in a neutral consolidation range with a slight bullish tilt. If Ethereum holds above the 200 SMA while building support above $2,400, the bullish case strengthens. However, failure to break above $2,500 could trigger another pullback toward the $2,300 level. The next few sessions will be crucial to determine whether ETH continues its breakout attempt or enters another phase of sideways consolidation amid broader market uncertainty. Featured image from Dall-E, chart from TradingView

Ethereum is trading within a tight range that has held for several weeks, forming the kind of compression structure that often leads to a significant breakout. Despite heightened volatility in global markets driven by escalating tensions in the Middle East, ETH has remained resilient, holding strong above key demand zones around the $2,500–$2,600 area. The current environment is marked by uncertainty, with geopolitical conflict and macroeconomic risks weighing on investor sentiment. Yet Ethereum’s price structure suggests that bulls are patiently building momentum. Related Reading: Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet Top analyst Ted Pillows shared a technical outlook, pointing out that Ethereum is mirroring the same consolidation pattern that Bitcoin followed during its 2017–2021 cycle. In that historical setup, BTC compressed into a tight range before entering a parabolic rally once the upper boundary was broken. If Ethereum follows a similar path, the next move could be dramatic, especially if it clears major resistance levels like $2,800. As long as ETH holds range support and absorbs both upside and downside wicks, this setup remains intact. A breakout above the current range could ignite a fresh leg up for Ethereum—and possibly spark renewed strength across the altcoin market. Ethereum Builds Momentum As Market Awaits Clarity Ethereum is currently trading in a tight range, consolidating just above the $2,600 level and holding firm despite macroeconomic and geopolitical headwinds. After rallying nearly 80% from its April lows, ETH appears to be preparing for a decisive move in the coming sessions. However, with escalating tensions between Israel and Iran and uncertainty surrounding possible U.S. involvement, broader markets remain cautious. Until clarity emerges on the geopolitical front, sideways price action may persist. Still, Ethereum’s price structure remains constructive. Strong consolidation above key demand zones reflects ongoing buyer interest and a lack of heavy selling pressure. This behavior often precedes major moves, as investors accumulate ahead of expected volatility. Some market participants remain cautious, warning of a possible retrace below the $2,400 level if demand falters or broader risk sentiment weakens. In contrast, bullish analysts like Ted Pillows suggest a more optimistic outlook. According to Pillows, Ethereum is closely following the path Bitcoin took during its 2017–2021 cycle, where tight consolidation ultimately led to a breakout and parabolic rally. In this view, ETH’s real explosive phase won’t begin until it breaks above $4,000. If this scenario plays out, Ethereum could trigger a broader altcoin surge and shift overall crypto market sentiment bullish once again. Related Reading: Tron Shows Real Growth: Transaction Volume Soars While Success Rate Stays Above 96% ETH Technical Analysis: Consolidation Near Key Levels The 3-day Ethereum chart shows a prolonged consolidation phase as ETH trades near the $2,500 mark. Despite geopolitical uncertainty and rising macroeconomic risks, Ethereum has held above the $2,400 support zone, forming a tight range just below the critical resistance at $2,775. This area also coincides with the 200-day SMA (red line), which continues to cap upward momentum. ETH remains above the 50-day (blue) and 100-day (green) SMAs, suggesting bullish momentum is intact, though lacking follow-through. The recent candle bodies show decreasing volatility, with wicks on both sides being absorbed—a classic sign of compression that often precedes a large move. Related Reading: Ethereum Golden Cross Approaching – Will History Repeat? Volume has declined slightly compared to the breakout in early May, indicating a temporary pause in bullish conviction. However, if Ethereum manages a higher close above the $2,775 resistance, it could trigger an impulsive breakout targeting the $3,000 level. On the downside, a break below $2,400 would invalidate the current structure and expose ETH to a deeper correction toward $2,100. Featured image from Dall-E, chart from TradingView

The crypto market has been experiencing a rebound during today’s session with Ethereum showing strong momentum. The second largest crypto by market cap has been trending sideways displaying an increasing selling pressure on higher timeframes, but today ETH holders seem hopeful of further gains. Related Reading: Brace For Impact: Bitcoin Price Primed For Deep Correction Below $90,000 At the time of writing, Ethereum is trading at around $2,600 with a 3.5% gain on the past 24 hours. Over the past week, the ETH price shows larger gains with 4.3% returns, the best performance on this timeframe amongst the biggest cryptocurrencies. Ethereum price trends to the upside on the daily chart. Source: ETHUSD on Tradingview  Ethereum Price On Brink Of Massive Recovery According to Daan Crypto, the current price action for Ethereum shows classical signs of compression. This action is usually recorded when an asset is about to experience a massive spike in volatility, either to the upside or the downside. The analyst pointed out that Ethereum has been trading in a tight range, trapped between two critical levels. If buyers manage to push the price above the first of these levels, sitting at $2,851, then the second crypto by market cap is likely to trend to the upside. ETH price trading on a tight range on the 2 day chart. Source: Daan Crypto via X On the contrary, if sellers regain control over the ETH market, and price dips below its current levels, then the price is more likely to return to the bottom of its current range, sitting at $2,168. Daan Crypto stated the following, warning his followers on taking positions as the Ethereum price consolidates: ETH Price action is compressing right below this big $2.8K level. If we’d see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K. If we do lose this current range then $2.1K is the big high timeframe level to watch. No reason to get over excited in either direction until this current consolidation/compression resolves. ETH Price Rally to Ignite Massive Alt Season On a separate note, analyst Cantonese Cat showed the Ethereum price dominance chart, used to gauge the percentage of the total crypto market cap represented by ETH. As seen in the chart below, this chart is tightly compressed according to the Bollinger Band indicator. Related Reading: $8 Dogecoin? Analyst Says You’ll Regret Sleeping On This Chart When these bands compressed, they hint at an upcoming violent move suggesting that Ethereum will abandon its current range soon. If the crypto rallies, then other altcoins are likely to follow and kickstart the beginning of a global upward trend for these assets. ETH Dominance's Bolling Bands hint at upcoming volatility on the 2 day chart. Source: Cantonese Cat via X On the upcoming alt season, Jameson Lopp, Co-Founder and Chief Security Officer at crypto custodian CASA, stated the following noting the potential new variables that will trigger it: Altseason is coming, just not how you think. Instead of being driven by new tokens on crypto exchanges it will be from new equities on tradfi exchanges. Cover image from Unsplash, ETH/USD chart from Tradingview

Ethereum finally pushed above the long-watched $2,800 mark, signaling renewed strength and triggering a wave of optimism across the market. However, the breakout was met with heavy volatility, as the price quickly pulled back into the previous resistance zone. Despite the rejection, ETH continues to trade near the top of its range, and analysts remain bullish on the broader altcoin outlook. Related Reading: Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown? With Bitcoin stabilizing near all-time highs and ETH attempting to reclaim momentum, many are calling for the start of a new altseason. Ethereum’s performance is viewed as a critical signal for the broader altcoin market — and for now, the structure remains intact. Bulls are watching closely to see if ETH can bounce and retest the breakout zone with strength. Top analyst M-log1 shared a technical update, noting that ETH is currently sitting at key support levels. He emphasized the importance of a clean bounce and a breakout from the current ascending channel. While M-log1 isn’t calling for a breakdown yet, he highlighted the need for caution and patience as price action unfolds. For now, Ethereum holds support, but the next move will be crucial. Ethereum Leads With Strength But Volatility Keeps Market On Edge Ethereum is currently leading the crypto market, showing relative strength as it holds above key price levels despite a backdrop of volatility and global uncertainty. Trading above $2,750, ETH has become a focal point for investors who see it as the leading indicator for a potential altcoin rally. However, recent price swings have introduced a wave of caution, as traders weigh the risk of a pullback against the promise of a breakout. Macroeconomic headwinds remain a critical factor. Global tensions, rising US Treasury yields, and uncertain trade negotiations between the US and major economies continue to drive investor sentiment. These external pressures have kept volatility high and market conviction relatively fragile, even as Ethereum maintains its structure above support. M-log1 shared a technical breakdown, noting that ETH is now sitting at a key support zone near $2,750. According to him, Ethereum “needs to bounce and break out of the current ascending channel” to reignite upside momentum. If that fails, the structure may tilt bearish, with a potential revisit of the lower end of the channel. He added that while he remains optimistic, probabilities shift quickly in this environment, and the next few sessions will be critical. Still, Ethereum’s relative strength amid macro noise suggests underlying confidence. If ETH can reclaim the $2,800–$2,830 region and flip it into support, it could pave the way for a run toward $3,000 and set the tone for altseason. Until then, price action remains compressed, and the market watches closely as Ethereum teeters at a technical and psychological pivot point. Related Reading: Solana Forms Higher Low: Charging Toward Range Highs? Ethereum Holds Key Levels As Price Tests Critical Moving Averages Ethereum is trading at $2,753 on the 3-day chart, showing strength after pushing above the 200-day simple moving average (SMA) at $2,768.62. While ETH briefly reached a high of $2,785, the candle currently reflects a slight pullback from that level. This rejection is not yet a bearish signal, but it does mark the $2,770–$2,785 range as a short-term resistance zone. ETH remains well-positioned technically, holding above the 50-day ($2,325), 100-day ($2,647), and 200-day ($2,768) SMAs — all critical levels that have historically guided mid- to long-term price direction. The strong rally from April lows around $1,500 to current levels has reset the trend in Ethereum’s favor, but now a clean breakout above $2,800 is needed to confirm continuation. Related Reading: Ethereum Approaches Decisive Level – Trading Around 200 DMA Resistance Volume remains steady, with no major signs of distribution. A strong close above the 200 SMA on this 3-day candle could act as a bullish confirmation and set the stage for a push toward the $3,000 mark. On the downside, if ETH fails to hold $2,700, a retest of the $2,600–$2,650 support zone is likely. Featured image from Dall-E, chart from TradingView

Ethereum has pulled back roughly 14% since the last week of May, but it’s holding firm above the critical $2,400 support zone. Despite recent volatility across the crypto market, ETH’s ability to defend this level has kept hopes alive for a potential recovery. Analysts are closely watching Ethereum’s next move, as the asset still trades well below its yearly highs, offering room for upside if momentum returns. Related Reading: Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up Since the start of the year, Ethereum has faced steep declines and inconsistent follow-through on bullish setups. However, many believe ETH is now positioned to recover lost ground — if bulls can reclaim the $2,800 resistance and flip it into support. A breakout above that level would likely open the door for a broader altcoin rally. Top analyst Big Cheds weighed in on the current structure, noting that Ethereum’s weekly chart printed its fourth small-bodied candle in a row — a classic sign of indecision. According to Cheds, ETH “still looks pre-tower top,” suggesting a potential trend shift may be forming. Ethereum Holds Ground As Bulls Face Critical Resistance Ethereum has managed to hold strong above key support levels despite several weeks of market-wide pullback and volatility. Trading above the $2,400–$2,500 zone, ETH has shown resilience while many altcoins have lost momentum. This range has become a critical battleground, with bulls now needing a clean breakout above the $2,800 mark to confirm a return to a bullish phase and potentially kick off the next leg higher. But while the technical structure remains intact for now, macroeconomic headwinds are building. US Treasury yields continue to rise as markets brace for prolonged high interest rates, signaling tighter financial conditions ahead. Combined with ongoing geopolitical uncertainty and sluggish global growth expectations, these factors continue to weigh heavily on risk assets, including crypto. Adding to the cautious tone, top analyst Big Cheds recently highlighted Ethereum’s weakening weekly momentum. According to Cheds, ETH is heading for its fourth consecutive small-bodied weekly candle — a signal of indecision that typically precedes major moves. He notes that the current setup looks pre-tower top, a classic bearish formation that often marks exhaustion at the top of a trend before a sharp reversal. This puts Ethereum at a critical juncture. A decisive breakout above $2,800 would invalidate the bearish scenario and strengthen the case for recovery toward the $3,000–$3,200 range. On the other hand, continued weakness and a failure to gain traction could trigger renewed selling pressure, especially if macro conditions worsen. As Ethereum trades within a tightening range, the next few weeks will be crucial. Whether bulls can flip resistance or bears regain control will likely determine the direction for ETH and the broader altcoin market heading into Q3. Related Reading: Bitcoin And Ethereum Defend Key Moving Averages – Bullish Signal Or Temporary Relief? ETH Reclaims Short-Term Support But Faces Overhead Pressure Ethereum is trading at $2,539 on the 4-hour chart, showing a modest rebound of +1.86% on the day. After briefly dipping below its 200 SMA ($2,511), ETH has reclaimed this key level and is now pushing toward the cluster of shorter-term moving averages — including the 34 EMA ($2,528), 50 SMA ($2,543), and 100 SMA ($2,565). This area represents immediate resistance, and how ETH reacts here will likely determine the next short-term trend. Since early May, ETH has been trading in a wide consolidation range between $2,400 and $2,800. The recent price action suggests ongoing indecision, with lower highs forming and strong support holding near the 200 SMA. Volume remains relatively muted, indicating a lack of strong directional conviction. Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? For bulls, reclaiming and holding above the 100 SMA is crucial for breaking out of the current range and targeting the $2,700–$2,800 region. On the downside, a loss of the 200 SMA could lead to a swift retest of $2,430 and potentially deeper downside. Featured image from Dall-E, chart from TradingView

Ethereum has remained firm above key support levels despite the broader market pullback in recent weeks. While many altcoins have shown weakness, ETH continues to trade above the $2,400–$2,500 zone, signaling strength and positioning itself for a potential recovery. After a volatile start to the year that saw steep declines, analysts are increasingly calling for a breakout, with some suggesting Ethereum could soon reclaim lost ground if current conditions hold. Related Reading: Bitcoin And Ethereum Defend Key Moving Averages – Bullish Signal Or Temporary Relief? However, not everyone agrees on the bullish outlook. Some traders warn that Ethereum’s recent consolidation may precede another leg down, especially if resistance near $2,800 remains unbroken. The debate highlights the uncertainty hanging over the market as macro risks and shifting liquidity continue to influence short-term direction. Top analyst Ted Pillows recently shared his view, noting that Ethereum is still consolidating after a strong May. While this pause may seem neutral, he pointed to rising ETF inflows and growing network activity as leading indicators of renewed demand. According to Pillows, these signals often precede price expansion, suggesting that ETH may just be gearing up for its next move. Ethereum Holds Firm As Market Volatility Builds Toward A Decisive Move Ethereum is navigating a critical moment as the broader crypto market faces heightened volatility and mounting uncertainty. Still trading 48% below its all-time high, ETH has shown impressive resilience, holding firm above key support levels even as sentiment wavers. The market remains on edge following renewed tensions between Elon Musk and US President Donald Trump — a dynamic that has triggered risk-off behavior and short-term instability across assets. Despite the noise, Ethereum continues to show underlying strength. Bitcoin remains stable near its highs, and many altcoins appear to be coiling for potential breakout moves. In this context, the coming weeks could prove decisive for ETH, which has so far managed to consolidate after a bullish May without breaking key structure. Ted Pillows noted in a recent update that Ethereum is still consolidating, and that’s not necessarily bearish. According to his view, rising ETF inflows and accelerating network activity suggest that renewed demand is quietly building behind the scenes. Historically, these have been leading indicators of a breakout, and ETH looks well-positioned to take advantage. Momentum is shifting, and bulls are eyeing the $2,800 level as the next key threshold. Reclaiming that level could trigger a move toward $3,000 in June. Beyond that, if macro conditions remain stable, Ethereum could realistically push to $4,000 by Q3 2025. For now, ETH remains in consolidation mode — but with strength in the fundamentals, technical structure, and on-chain trends, the case for a breakout is growing stronger. The next move will be crucial, not just for Ethereum, but for the broader altcoin market heading into summer. Related Reading: Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up ETH Holds Mid-Range Structure Amid Continued Consolidation Ethereum continues to trade within a tight range, holding at $2,513 after briefly dipping to $2,479 earlier in the session. As seen on the daily chart, ETH remains in consolidation beneath the key resistance at $2,659, marked by the 200-day simple moving average (SMA), which has capped several upside attempts throughout June. Despite failing to break out, the structure remains constructive. The 34-day EMA ($2,435.80) and 50-day SMA ($2,284.93) continue to act as dynamic support. ETH recently bounced off the 34 EMA after testing that level for three consecutive days, signaling buyers are still present and defending key zones. Meanwhile, volume remains muted, reflecting indecision and lack of conviction from both bulls and bears. For now, the $2,430–$2,660 range defines the battleground. A daily close above the 200 SMA would indicate bullish continuation toward the $2,800 level. Conversely, a breakdown below $2,430 could trigger a larger retrace toward $2,200. Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? Ethereum’s current behavior reflects a market waiting for a catalyst. With rising ETF inflows and steady on-chain activity, momentum could return quickly, but until then, ETH remains trapped in a sideways grind. The next confirmed move out of this range will likely dictate the trend heading into late June. Featured image from Dall-E, chart from TradingView

Ethereum is showing resilience amid the recent wave of market volatility and uncertainty. While the broader crypto market has pulled back over the past few weeks, ETH continues to hold firm above the $2,500 level — a key psychological and technical support zone. This strength has caught the attention of traders and analysts who see Ethereum’s current price action as a potential launchpad for a move into higher territory. Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? Despite the retracement across major altcoins, Ethereum remains structurally intact, with bulls defending the lower boundary of its current range. The lack of panic-selling at these levels suggests growing confidence in ETH’s long-term trajectory, even as macroeconomic pressures — including tighter liquidity and geopolitical uncertainty — continue to weigh on sentiment. Top analyst Ted Pillows recently shared a technical update highlighting that ETH is still trading within a well-defined range. According to his view, Ethereum’s ability to consolidate without losing critical support is a sign of underlying strength. A breakout above the range high could trigger renewed momentum toward the $2,800–$3,000 region, while a breakdown below $2,500 would invalidate the current setup. Ethereum Approaches Pivotal Zone Amid Uncertainty The crypto market has been navigating a volatile environment, and Ethereum is no exception. However, despite the turbulence, ETH has managed to maintain its footing above $2,500 — a key support level that continues to act as a buffer against deeper downside. With Bitcoin holding strong and altcoins preparing for potential breakout moves, the coming weeks could be decisive for Ethereum’s next major trend. ETH currently trades 48% below its all-time high, but price action suggests that bulls are building momentum. Ethereum has absorbed recent volatility well, even as broader market sentiment remains shaken by rising geopolitical tensions, most notably, the growing conflict between Elon Musk and US President Donald Trump. While these headlines have added uncertainty, Ethereum’s ability to stay range-bound reflects growing confidence among investors. Pillows notes that Ethereum is still trading within a well-defined range, and the structure remains intact. According to his analysis, reclaiming the $2,800 level would be a key breakout trigger, potentially opening the door for a fast rally to $4,000. Until then, ETH remains in consolidation mode — but with Bitcoin showing leadership and the market entering a pivotal phase, Ethereum could be on the verge of catching up. If bulls can maintain control and push through resistance, ETH could finally break out of its range and reenter a bullish price discovery phase. But if resistance holds, traders may see another leg of consolidation. Either way, Ethereum is entering a key window where market direction will likely be defined, and how ETH behaves around the $2,800 mark could determine the altcoin outlook for the rest of the summer. Related Reading: Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally ETH Weekly Chart Shows Momentum Building Near Resistance Ethereum is holding steady near $2,500 as seen on the weekly chart, showing promising signs of strength despite recent market-wide volatility. After bouncing sharply from sub-$1,800 levels in May, ETH is now consolidating just below the $2,707 resistance — the 50-week simple moving average (SMA). This level coincides with the upper boundary of the current range and remains the key line bulls need to reclaim to unlock further upside. ETH is currently trading above its 34-week EMA ($2,501) and the 200-week SMA ($2,450), both of which are acting as dynamic support. Holding these levels reinforces the idea that buyers are stepping in on dips, providing a strong base for potential continuation. However, the price is still capped by the 100-week SMA at $2,610, making the $2,700–$2,800 region a critical resistance zone. Related Reading: Ethereum Holds Key Range Support After Pullback – Bulls Eye $3,000 Level A weekly close above this cluster of moving averages could trigger a breakout and pave the way toward $3,000 and beyond. Volume has remained elevated during this consolidation, suggesting sustained interest from both traders and investors. Featured image from Dall-E, chart from TradingView

Ethereum has experienced a sharp pullback, retracing over 10% since yesterday as the broader crypto market faced a wave of volatility. Despite the decline, bulls are showing resilience. ETH failed to break below the critical $2,300 mark and is now holding firm above $2,400, a sign that demand remains strong at current levels. Investors are watching closely as Ethereum consolidates and attempts to recover lost ground. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 Top analyst M-Log1 shared a technical update indicating that ETH is currently sitting around the 200-period moving average on the 4-hour chart. This level often acts as a major trend indicator, and reclaiming it could spark renewed bullish momentum. According to M-Log1, Ethereum’s price action suggests a potential recovery toward the $2,600 zone, especially if bulls manage to push above the 50 and 100 MAs. This renewed interest in ETH comes at a pivotal moment for altcoins. Many market participants are now evaluating whether this consolidation phase marks the beginning of a larger move for Ethereum and related assets. For now, all eyes remain on key technical levels as the market awaits confirmation of direction. Ethereum Eyes Recovery After Market Shake-Up Ethereum is showing signs of strength amid heightened market volatility sparked by rising tensions between Elon Musk and US President Donald Trump. The sharp war of words between the two high-profile figures triggered a wave of uncertainty in financial markets, prompting swift reactions across the cryptocurrency sector. While Bitcoin remains stable above the $100K level, altcoins have experienced significant pullbacks—ETH included. However, the coming weeks are shaping up to be decisive, with many investors closely watching for signs of recovery. ETH has retraced over 10% in recent sessions but is now bouncing from the lows. Bulls appear confident as Ethereum holds above the $2,400 level and attempts to reclaim key moving averages on the 4-hour chart. According to M-Log1, ETH currently sits near the 200MA, a crucial technical level that often signals trend reversals. He notes that Ethereum is bouncing exactly as expected following last week’s broader altcoin correction. M-Log1’s analysis points to the $2,600 level as the next target. A successful push toward that zone, along with reclaiming the 50 and 100 moving averages, could set the stage for a strong rally throughout June. If ETH manages to build momentum and maintain support, the altcoin market could experience renewed bullish energy. Despite ongoing macroeconomic uncertainty and political risk, Ethereum’s resilience is notable. With technical support holding and confidence slowly returning, the setup remains constructive, assuming bulls continue to defend key levels. As the market digests recent events, ETH’s price action over the next few days will offer critical insight into whether a new altseason can take off or whether further downside is still in play. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? ETH Weekly Chart: Key Levels Hold Ethereum is currently trading around $2,475 on the weekly chart, showing signs of hesitation as it faces strong resistance near the 200-week simple moving average (SMA) at $2,450. Although ETH managed to surge above this level briefly, the candle is showing rejection near the $2,680 area, which coincides with both historical resistance and the upper end of the 34-week EMA ($2,499). This confluence of resistance levels is proving to be a critical zone for bulls to reclaim. Despite the recent bounce from April lows, ETH is still struggling to gain bullish momentum on the higher timeframes. The last few candles reflect indecision, with long wicks and narrowing body size, suggesting that while buyers are defending downside levels, sellers remain active near resistance. If ETH fails to close the week above the 200-week SMA, a pullback toward the $2,300–$2,250 range is likely, which aligns with the 50-week and 100-week moving averages. Related Reading: Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout On the upside, a strong weekly close above $2,700 would be a major breakout signal, potentially triggering a broader altseason. For now, Ethereum’s weekly structure remains neutral-to-bullish, with consolidation above the 200-week SMA acting as a key battleground for trend confirmation. Featured image from Dall-E, chart from TradingView

Ethereum is trading at critical levels after breaking past the $2,500 mark earlier this quarter, now attempting to reclaim momentum and push into higher resistance. Despite global macroeconomic pressures—including rising US Treasury yields and persistent trade tensions between the US and China—ETH continues to show resilience. Market analysts believe that Ethereum could be leading the charge into a long-anticipated altseason, provided it holds key levels and breaks above current supply. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? Top analyst Ted Pillows recently pointed to a compelling technical pattern: Ethereum has now posted four consecutive two-week green candles, a formation that mirrors Bitcoin’s price structure in early 2020 following the March crash. That period marked the beginning of Bitcoin’s legendary bull run to $69,000. According to Pillows, the similarities between BTC in 2020 and ETH in 2025 are “just mind blowing,” sparking renewed interest from traders who see Ethereum’s current consolidation as a bullish continuation. With investor sentiment slowly recovering and technicals turning favorable, the market is watching ETH closely. If history is any guide, this consolidation could mark the calm before Ethereum’s next major leg higher. However, macro risks still linger, and timing will be critical. Ethereum Resilience Sparks Hopes Of 2020-Like Rally Ethereum is holding strong above the $2,600 level, showing resilience amid global macro uncertainty and volatile market conditions. This consolidation around key support has many investors and analysts anticipating a breakout that could lead Ethereum into a new rally phase, potentially triggering a broader altseason. Despite growing concerns around systemic risk in the bond market and geopolitical tensions between the US and China, Ethereum continues to attract buyers, signaling confidence in its long-term strength. Analysts are watching this range closely. Many believe that if Ethereum can maintain support and break above near-term resistance, it could gain serious momentum. One of the more compelling arguments for a bullish outlook comes from Ted Pillows, who highlights a striking similarity between Ethereum’s current structure and Bitcoin’s behavior in 2020. According to Pillows, Ethereum has now printed four consecutive two-week green candles since bottoming, just as Bitcoin did after the March 2020 crash. That pattern marked the start of BTC’s legendary run to $69,000. The comparison has sparked optimism that ETH may be preparing for a similar breakout, especially if it clears resistance near $2,700–$2,800. While the macro environment remains tense, this technical structure—paired with rising confidence in ETH’s strength—keeps bulls hopeful that a major move is on the horizon. Related Reading: Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout ETH Price Analysis: Consolidation Above Support Ethereum (ETH) is holding steady around $2,607, consolidating just above the 34-period EMA on the 4-hour chart, which currently sits near $2,594. After the strong surge in early May that saw ETH rally from under $2,000 to highs near $2,850, the price has moved into a tight consolidation range. This sideways action reflects market indecision as buyers and sellers battle for control. Despite the recent volatility, ETH has continued to post higher lows, indicating ongoing bullish pressure. The 50, 100, and 200-period SMAs are aligned below the current price, all trending upward, signaling that the broader trend remains intact. The price is finding consistent support from the 50-period SMA around the $2,590–$2,600 zone, which is a key level to watch. Related Reading: Ethereum Daily Chart Signals Strength Amid Market Uncertainty – Analyst A decisive break above the short-term resistance near $2,680 would be needed to confirm continuation toward $2,800 and potentially retest previous highs. On the downside, a break below $2,590 could trigger a pullback toward $2,500 or lower, especially if BTC shows weakness. Featured image from Dall-E, chart from TradingView

Ethereum continues to demonstrate strength, holding firm above key support levels and outperforming much of the crypto market despite growing macroeconomic uncertainty. Since its April lows, ETH has more than doubled in value, gaining over 100%, and shows no signs of slowing down. While many assets have faced heavy selling pressure amid volatility in global markets, Ethereum remains resilient, showing consistent buying interest and maintaining its upward trajectory. Related Reading: Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ Top analyst Carl Runefelt shared a bullish perspective, noting that Ethereum price stays strong on the daily timeframe. According to Runefelt, if Bitcoin starts moving sideways, Ethereum could seize the opportunity to break out of its current consolidation triangle and lead the next phase of the market rally. His analysis highlights the unique positioning ETH holds at the moment—not only as the second-largest cryptocurrency but also as a potential driver of the next altseason. With ETH holding above $2,600 and approaching key resistance zones, market participants are watching closely. A decisive breakout could ignite widespread momentum across altcoins and mark the beginning of a new phase in the current bull cycle. Ethereum’s performance continues to solidify its role as the foundation of the broader digital asset space. Ethereum At A Pivotal Range: Bulls Eye Breakout Ethereum is currently trading within a tight consolidation range that many investors view as the staging ground for its next major move. After a significant rally that saw ETH gain over 100% since April, the asset is now testing key resistance levels, particularly around $2,650–$2,700. Despite recent macroeconomic tensions, including rising US Treasury yields and persistent geopolitical risks, Ethereum continues to show strength, with bulls holding the line above critical support. Runefelt recently emphasized that Ethereum “refuses to dump on the daily timeframe,” a signal of underlying bullish resilience. His analysis suggests that if Bitcoin begins to move sideways, Ethereum could break out of its consolidation triangle to the upside, potentially sparking the beginning of a long-awaited altseason. From a technical perspective, the consolidation appears constructive. The price has formed higher lows since April and remains above all major moving averages on key timeframes. The $2,300 level is emerging as a strong base, while the bullish target sits at $3,100 if resistance is cleared. Related Reading: Ethereum Supply On Exchanges Hits 7-Year Low – Breakout Loading? Runefelt’s bullish and bearish scenarios—$3,100 on the upside and $2,300 on the downside—underline the importance of the current range. As trading volume compresses and volatility brews, Ethereum looks ready for a decisive move. Should the breakout occur, it could not only lead ETH to new cycle highs but also ignite broader confidence across the altcoin market. ETH Price Analysis – Daily Chart Overview Ethereum (ETH) is currently trading at $2,616, hovering just below the 200-day simple moving average (SMA), which sits around $2,679. This level has acted as a consistent resistance zone over the past few weeks, with ETH failing to close decisively above it. Despite several intraday moves above $2,650, the price has yet to confirm a breakout. Looking at the broader structure, ETH remains in a consolidation range between $2,480 and $2,700 after posting an impressive rally from its April lows near $1,800. The 34-day EMA ($2,406) and the cluster of shorter-term SMAs are trending upwards, indicating that medium-term momentum still favors the bulls. Related Reading: Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading? Volume has been relatively stable but unremarkable, suggesting a lack of strong conviction from either side. A clean daily close above $2,700 could confirm a breakout and potentially open the door for a move toward $3,000. On the downside, if ETH fails to hold the $2,480 support zone, we could see a pullback to retest the 100-day SMA near $2,065. Featured image from Dall-E, chart from TradingView

Ethereum pushed above the $2,600 mark yesterday, signaling renewed momentum, but the rally lost steam as broader market uncertainty capped further gains. Despite this, ETH remains resilient, holding above critical demand levels that have supported its recent uptrend. Investors and analysts alike are watching closely, as Ethereum’s strength could be the catalyst that kicks off the long-anticipated altseason. Related Reading: Ethereum Supply On Exchanges Hits 7-Year Low – Breakout Loading? The broader crypto market remains in a cautious state due to macroeconomic volatility and shifting investor sentiment, but Ethereum’s ability to stay above $2,500 has helped maintain bullish conviction. Many are now eyeing the $2,650 level, which has historically acted as a barrier for upward moves. Top analyst Daan shared a technical analysis noting that ETH is currently pushing into a key resistance area around $2,650. If Ethereum can flip this zone into support, it could open the door for a more aggressive breakout and broader altcoin rally. While risks remain, the overall setup is increasingly favorable for Ethereum bulls, especially if Bitcoin stabilizes and global conditions don’t deteriorate further. The coming days may be pivotal in determining whether ETH can overcome this resistance and lead the next phase of the market cycle. Ethereum Faces Make-Or-Break Level As Speculation Builds Ethereum is once again trading at a pivotal level as the market eyes a potential breakout that could ignite an altseason. After months of underperformance marked by heavy selling pressure and limited upside, ETH has begun to show renewed strength. Bulls have defended key demand zones, and the recent consolidation around the $2,500–$2,600 range is now viewed as a launchpad for higher prices. Despite persistent global tensions, particularly US-China trade friction and rising Treasury yields, ETH has shown signs of resilience. Investors remain optimistic that Ethereum could soon outperform, especially as Bitcoin dominance shows signs of peaking. The long-anticipated shift in capital from BTC into altcoins may be near, and Ethereum is positioned to lead the charge. Daan highlighted Ethereum’s 4-hour chart, pointing to resistance around the $2,650 level as a crucial short-term hurdle. The chart reveals ETH grinding higher but unable, so far, to reclaim the level decisively. Should Ethereum successfully flip $2,650 into support, it would open the path toward $2,700 and potentially spark a bullish continuation. For now, bulls remain in control, but Ethereum needs to break through overhead supply to confirm the start of a new leg up. A decisive move above $2,700 could serve as the catalyst for both ETH and the broader altcoin market, marking a major sentiment shift across the crypto landscape. Related Reading: Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ ETH Price Analysis: Rebound Gains Traction Ethereum is currently trading at $2,604 on the 4-hour chart after rebounding from a local low near $2,500. This recovery places ETH back above its 34-period EMA ($2,566) and all major short-term SMAs (50, 100, and 200), which suggests short-term bullish momentum is returning. However, price is still facing heavy supply just below the $2,650 resistance area, a level that has repeatedly rejected upward moves throughout the past month. The chart shows a clear horizontal range forming between approximately $2,500 and $2,700, with ETH unable to break either end decisively. Volume has remained relatively stable, indicating no strong conviction from bulls or bears yet. The recent bounce, though, marks a higher low, which could hint at a potential trend shift if followed by a higher high. Related Reading: Solana Reclaims Key Support After Sweeping Lows – Early Signs Of Reversal? As ETH approaches the upper bound of this range again, traders should monitor for a breakout above $2,650, which would confirm bullish continuation. Failing to clear this resistance could lead to another rejection back to $2,500 or the 200 SMA near $2,380. For now, Ethereum remains in consolidation mode, but price action is tilting slightly in favor of the bulls as long as support holds. Featured image from Dall-E, chart from TradingView

Ethereum is trading near a crucial support zone as the entire crypto market undergoes a retracement phase. After days of bullish momentum, ETH now hovers around the $2,550 level—a line that could determine the short-term trajectory. Despite the pullback, Ethereum remains relatively strong compared to other assets, showing signs that bulls still maintain control of the structure. Related Reading: Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support However, risks are rising. If Ethereum loses this key demand zone, bearish pressure could intensify and trigger further downside across the altcoin market. Investors are watching closely as ETH tries to stabilize after multiple attempts to reclaim higher levels in recent weeks. Top analyst Ali Martinez shared a technical signal that could offer hope for bulls. According to Martinez, if ETH manages to hold above $2,550, the TD Sequential indicator on the 4-hour chart is flashing a buy signal, pointing to a potential rebound toward $2,650. This aligns with the idea that consolidation near strong demand often leads to upside continuation if momentum holds. Ethereum Builds Strength Amid Uncertainty Ethereum is holding up well despite widespread market volatility, trading confidently above the $2,400 level. The asset continues to show strength as it consolidates within a key demand zone, positioning itself for a potential move higher. This resilience is drawing the attention of analysts, many of whom believe ETH is preparing for an impulsive breakout that could ignite a broader altseason. While the technical outlook remains constructive, global tensions continue to shape investor sentiment. The ongoing trade friction between the US and China, combined with rising US Treasury yields, is injecting uncertainty into the macroeconomic landscape. These systemic risks have the potential to disrupt financial markets, but so far, cryptocurrencies—especially Bitcoin and Ethereum—have remained relatively firm. Martinez shared a technical setup that could validate the bullish thesis. According to Martinez, Ethereum is flashing a TD Sequential buy signal on the 4-hour chart, signaling a likely rebound if ETH continues to hold above $2,550. This would position the asset for a move toward $2,650—a level that could confirm bullish momentum and bring altcoins back into focus. If Ethereum can maintain its current support and break through immediate resistance, it could serve as a spark for renewed optimism across the crypto sector. Related Reading: Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth Bulls Face Key Support After Breakdown Below $2,550 Ethereum is under pressure as it drops below the $2,550 support level, now trading around $2,493. On the 4-hour chart, ETH has clearly lost momentum, slipping below the 34 EMA ($2,608) and also breaking beneath the 50 and 100 SMAs—levels that previously acted as support during consolidation. The recent rejection from the $2,800 range triggered a sharp correction, with increasing volume suggesting strong selling activity. The next key area to watch is around $2,450, which aligns with previous consolidation zones and could serve as short-term support. If this level fails to hold, ETH could retest the 200 SMA near $2,300, a crucial level that also lines up with early May breakout levels. Related Reading: Ethereum Spot Premium Signals Strength – $2,800 Resistance In Focus Despite the pullback, Ethereum remains within a broader uptrend. A reclaim of the $2,550–$2,600 zone could restore bullish momentum and set the stage for another attempt at the $2,700–$2,800 resistance range. The TD Sequential buy signal, previously active above $2,550, has now been invalidated, signaling caution for traders. All eyes are now on the bulls to see if they can defend this region and reset the short-term structure for a rebound. Featured image from Dall-E, chart from TradingView

Ethereum continues its strong upward momentum, surging into the $2,734 mark as bullish sentiment returns across the crypto market. After gaining over 55% since the beginning of May, ETH is showing clear signs of strength as it reclaims key technical levels. This move positions Ethereum as one of the most closely watched assets in the market, especially as Bitcoin holds firmly above its all-time highs. Related Reading: Ethereum Consolidates Above $2,500 While BTC Leads the Charge – Key Levels To Watch Top analyst Big Cheds shared a technical view, noting that ETH is now re-approaching the critical $2,700 zone—a level that has historically acted as both resistance and a signal of trend continuation. A successful break and consolidation above this area could unlock the next leg up for Ethereum, potentially bringing higher prices back into focus for traders and investors. The broader sentiment remains optimistic, with bulls increasingly confident that ETH could lead a renewed altcoin rally if momentum sustains. However, analysts also caution that the $2,700 region must be cleared with strong volume and follow-through to confirm a breakout. Until then, Ethereum’s price action remains in a delicate position, teetering on the edge of a major rally or another round of consolidation. Ethereum Facing A Crucial Test Ethereum is positioning itself for a potential bullish recovery as it continues to consolidate above key levels after a multi-week rally. Since early May, ETH has gained over 55% in value, signaling renewed strength in the altcoin market. The recent breakout of Bitcoin to new all-time highs above $111K has triggered optimism across the board, setting the stage for a possible altseason. For that to happen, Ethereum must lead the charge with a clean breakout into higher territory. Currently, ETH is trading just below the $2,700 level, a key resistance zone that has historically acted as a major turning point for price action. According to Cheds, reclaiming $2,700 is crucial. A firm move above this threshold would likely confirm a bullish continuation, opening the door toward the $2,900–$3,000 range. So far, Ethereum has shown resilience, defending the $2,500–$2,600 zone effectively during the recent market consolidation. If bulls maintain control and volume increases, the breakout could materialize sooner rather than later. However, failure to push past $2,700 could trigger a new wave of hesitation, keeping ETH range-bound in the short term. As Bitcoin continues its upward trend, all eyes are now on Ethereum to see whether it can match that strength and lead the broader market higher. Related Reading: Ethereum Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns ETH Price Action Details Ethereum is showing solid bullish structure on the 4-hour chart, consolidating just under the key $2,700 resistance level after a strong rally from early May lows. Price action is currently holding above the short-term exponential moving average (EMA 34) at $2,574, which acts as dynamic support. Meanwhile, the 50, 100, and 200 simple moving averages (SMAs) at $2,543, $2,443, and $2,109, respectively, continue to align in a bullish formation, signaling a healthy trend. Despite some volatility, ETH has consistently defended the $2,650–$2,670 region during recent dips, suggesting strong buyer interest just below resistance. Volume has remained steady, though not aggressive, which implies that bulls are cautiously optimistic while waiting for confirmation of a breakout above the $2,700 level. A decisive candle close above $2,700 could trigger the next leg up, potentially targeting the $2,850–$3,000 range. However, failure to push higher may lead to another test of support at $2,570 or even the $2,540 zone. Related Reading: Solana Multi-Year Uptrend Holds Strong – Analyst Sees SOL Breaking ATH This Year Overall, the chart structure favors the bulls, but a break and hold above resistance is needed to unlock further upside momentum. All eyes remain on this level as Ethereum aligns with the broader altcoin market’s expectations following Bitcoin’s breakout to new all-time highs. Featured image from Dall-E, chart from TradingView

Ethereum is now trading at a pivotal juncture after days of consistent selling pressure that have pushed the price down by more than 12% since last Tuesday. Currently hovering around the $2,400 mark, ETH is struggling to maintain bullish momentum, and many analysts warn that a deeper correction could follow if bulls fail to defend this crucial support zone. The recent drop reflects broader market uncertainty, with rising volatility shaking investor confidence just as ETH appeared ready to join a wider altcoin breakout. Related Reading: Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours Despite this weakness, there’s growing optimism in some corners of the market. Top analyst Ted Pillows shared a technical analysis showing that a Golden Cross has been confirmed on Ethereum’s 12-hour chart — a signal traditionally viewed as a precursor to major bullish moves. This crossover, which occurs when the 50-period moving average crosses above the 200-period moving average, often marks the beginning of an extended uptrend. If bulls manage to hold current levels and reclaim higher resistance near $2,600, the Golden Cross could become a turning point. Until then, the coming days will be critical in determining whether Ethereum can bounce or sink into a longer consolidation phase. Volatility Hits Ethereum Amid Golden Cross Signal Ethereum saw sharp volatility over the weekend, surging past $2,550 before rapidly reversing and falling back into the $2,400 zone within hours. This sudden move has sparked renewed uncertainty, as analysts grow cautious about the fading bullish momentum and rising selling pressure. While ETH remains one of the stronger performers in the broader altcoin market, it is still down 36% from its December high of around $4,100. This leaves bulls with a clear challenge: hold current levels and regain control by pushing prices above $2,800 to ignite a sustained rally. The $2,400 level is now acting as a critical support zone. A break below it could trigger a deeper retracement, likely dragging Ethereum into a consolidation range or even toward lower support levels. Still, technical signals offer a glimmer of hope. According to Pillows, Ethereum recently confirmed a Golden Cross on the 12-hour chart — a bullish pattern that occurs when the 50-period moving average crosses above the 200-period moving average. Historically, such signals have preceded strong upside moves, and Pillow believes this one could pave the way for Ethereum to reach $3,000 in the near term. However, for that to happen, buyers must step in decisively. Volume has tapered off, and sentiment appears fragile after last week’s breakdown. If bulls can defend the $2,400 region and reclaim higher resistance quickly, the Golden Cross might mark the beginning of Ethereum’s next leg up. Until then, the market remains in a wait-and-see mode, watching whether the bullish signal can outweigh the growing pressure from sellers. Related Reading: XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound ETH Tests Key Support After Drop From Local Highs Ethereum is trading at $2,402 after a sharp Sunday sell-off, where the price spiked to $2,670 before retracing more than 10% in less than 24 hours. As seen in the 4-hour chart, ETH is now consolidating right above the $2,390–$2,400 zone, a level that is proving critical for bulls to hold. This area coincides with a prior consolidation zone and could act as a short-term support base. The 200-period EMA on the 4H chart is currently at $2,130, and the 200 SMA is near $1,991 — both are significantly below the current price and offer long-term trend support. However, the volume profile shows a spike in sell-side activity during the pullback, suggesting that short-term traders are locking in profits. If price breaks below $2,390, a deeper retrace toward the $2,200–$2,300 range becomes likely. Related Reading: Bitcoin Consolidates Below ATH – Buying Pressure Weakens As Equities Outperform On the upside, ETH must reclaim $2,550 to reestablish momentum. Failure to do so could confirm a local top. The price action is clearly indecisive, and this range-bound structure could persist unless bulls reassert strength with a decisive move above $2,600. Until then, the $2,400 level remains a battleground between buyers and sellers amid elevated volatility. Featured image from Dall-E, chart from TradingView

Ethereum is holding strong above the $2,500 mark after a sharp rally in recent weeks, signaling renewed bullish momentum across the market. The second-largest cryptocurrency by market cap is now consolidating just below key resistance levels, with traders and analysts closely watching price action for confirmation of the next move. Bulls appear to be in control, with Ethereum reclaiming critical levels that were previously broken during months of sustained selling pressure. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive – Details Market sentiment is shifting fast, and speculation about a broader altcoin bull phase continues to grow. Many investors believe Ethereum’s current structure could be laying the groundwork for a long-awaited breakout. Top analyst Mister Crypto shared a technical analysis highlighting that Ethereum has been consolidating within a multi-year range, one that could soon resolve into a powerful upward impulse. This phase of compression and sideways movement has historically preceded some of Ethereum’s most significant moves. Now, as ETH trades firmly above support and buyers defend dips, attention turns to the $2,700 and $3,100 resistance zones. If those are cleared, the multi-year consolidation thesis could be confirmed, potentially setting the stage for a new leg up and renewed leadership in the altcoin space. Ethereum Consolidates As Long-Term Setup Gains Attention Ethereum is showing notable bullish strength as it consolidates above the $2,500 mark and continues to defend gains made during its recent rally. Analysts across the market are increasingly calling for a bullish phase to begin, with several pointing to Ethereum as the catalyst for an incoming altseason. The broader crypto market is heating up, and ETH’s recent recovery has positioned it as a frontrunner among major altcoins. However, despite the momentum, risks still remain. Ethereum is still down approximately 36% from its December 2024 high near $4,100. To confirm the start of a sustained rally, bulls must hold current levels and push decisively above the $2,800 mark. A clean break above that resistance could trigger an impulsive move higher and attract renewed capital inflows into Ethereum and the wider altcoin market. Mister Crypto has emphasized the significance of Ethereum’s current market structure. In his view, ETH has been consolidating for nearly four years—a phase of accumulation that historically leads to powerful price expansions. “The longer the consolidation, the bigger the pump,” he stated, adding that he is extremely bullish at these levels. This prolonged consolidation builds a strong foundation, often resulting in breakout moves with high momentum. If Ethereum continues to hold above the $2,500–$2,600 zone and clears $2,800 in the near term, it could mark the start of a multi-month rally. For now, traders are watching closely as price action develops and long-term technical patterns begin to align with improving sentiment across the crypto space. Related Reading: Ethereum Eyes $2.4K Retest – Analyst Sets Key Levels To Watch Bulls Defend Key Support Levels Ethereum is currently trading around $2,617 after holding above the $2,500 support zone and showing signs of renewed strength. The 4-hour chart reveals a clear uptrend that began in early May, with ETH breaking through key resistance levels near $2,200 and $2,400 before consolidating just below $2,700. Price action has now formed a short-term range between approximately $2,560 and $2,700, suggesting bulls are preparing for another breakout. The 200-period EMA and SMA are trending upward, now positioned well below current price levels at $2,060 and $1,912, respectively, confirming strong bullish structure and momentum. Volume spikes during upward moves also support the case for continued demand. If Ethereum can break decisively above the $2,700 resistance zone, it would likely trigger an impulsive leg higher with $2,800 and $3,000 as immediate targets. Related Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal However, failure to hold the $2,560 area could lead to a short-term pullback toward $2,400, a previous resistance-turned-support level. For now, ETH appears to be in a healthy consolidation following an explosive rally, and bulls remain in control as long as the $2,500–$2,560 range holds. The market will closely watch for breakout confirmation as Ethereum prepares for its next move. Featured image from Dall-E, chart from TradingView

After several days of intense buying pressure and strong bullish momentum, Ethereum has finally paused its rally, finding resistance around the $2,740 mark. The move comes after ETH effortlessly cleared key resistance levels at $2,000 and $2,200, marking one of its strongest short-term performances in months. As excitement builds across the broader crypto market, Ethereum’s next move could define the strength and sustainability of this breakout. Related Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal With price now stalling, analysts believe a period of consolidation is likely—and perhaps even necessary—before the next leg higher. Top analyst Daan shared a technical view suggesting that the $2,400 level will be crucial in the coming days. He believes it makes sense to retest that local support, which would provide a healthier structure for further upside. However, Daan also notes a cautionary signal: extremely high levels of Open Interest across the ETH derivatives market. He’s currently avoiding long positions until some of that leverage is flushed out, reducing the risk of a sharper pullback. For now, Ethereum bulls must hold above $2,400 to confirm strength and keep the uptrend intact, while traders await cleaner conditions for potential reentry. Ethereum’s Surge Faces a Crucial Retest Around $2.4K Ethereum has surged more than 50% since last week, reclaiming momentum after months of heavy selling pressure. ETH is showing sustained strength for the first time since late December, fueling optimism that the broader altcoin market could be next. Many analysts are calling for an altseason, and Ethereum’s breakout is seen as a potential catalyst for a larger move across altcoins that have severely underperformed in recent years. However, after such a sharp move, a period of consolidation or correction wouldn’t be unusual—and could even be healthy. According to Daan, the $2,400 level will be a key support zone to watch. He believes it makes sense for price to test this area before further continuation. Daan currently has no interest in entering long positions until some of the billions in Open Interest are flushed from the system. How Ethereum reacts around $2.4K will likely set the tone for the next phase. If ETH sweeps $2.4K and quickly bounces, Daan expects a local range to form between $2.4K and $2.7K. However, if price loses that level decisively, the next major support lies at $2.1K. A slow bleed into that zone could signal weakness, while a quick flush might present a short-lived buying opportunity. Despite short-term risks, Daan notes that even a pullback to $2.1K would still leave ETH up roughly 20% from the prior week. In his view, the larger trading range for now is between $2.1K and $2.8K—a zone that could define Ethereum’s next major trend if bulls can hold key levels and regain momentum. For now, the rally is alive, but the next test will be critical. Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details Price Consolidation Taking Place Amid Optimism Ethereum (ETH) is currently trading around $2,565, following a sharp retracement from its recent local high near $2,740. After a powerful rally that pushed ETH above both the 200-day exponential moving average (EMA) and simple moving average (SMA), the price is now consolidating just below the 200-day SMA at $2,702.93. This level has acted as resistance over the last few sessions, capping Ethereum’s attempt to continue its upward momentum. Volume has declined slightly, reflecting market indecision after last week’s breakout. If bulls can defend the 200-day EMA near $2,437 and maintain higher lows above $2,500, the structure would remain bullish. However, a failure to hold these levels could lead to a deeper pullback, with $2,400 and $2,200 as potential supports. The recent price action suggests Ethereum is forming a short-term range between $2,400 and $2,700, which could persist until a clear breakout above the 200-day SMA. Holding above $2,500 is crucial to maintaining bullish momentum, especially as the altcoin market eyes further gains. Related Reading: XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week If ETH can push above $2,700 with strong volume, it would confirm renewed strength and open the path toward the $3,000–$3,100 resistance zone. Until then, consolidation and caution dominate the short-term outlook. Featured image from Dall-E, chart from TradingView

The Ethereum price has crossed the $2,400 mark for the first time since March of this year, marking a significant recovery for the second-largest cryptocurrency by market capitalization.  This surge represents a remarkable 50% increase over the past month, notably outpacing Bitcoin’s (BTC) 19% rise during the same period. As a result, market experts are increasingly viewing Ethereum as the premier cryptocurrency to invest. Ethereum Price Potential Soars Notably, VirtualBacon, a figure in the crypto analysis community, recently asserted, “Ethereum is the best crypto to buy right now.” He emphasized that while the Ethereum price may not have surged as dramatically as some other cryptocurrencies, its fundamental strengths remain intact.  In a recent social media post on X (formerly Twitter), VirtualBacon highlighted his updated timeline and targets for the Ethereum price, noting that the cryptocurrency is trading near $2,500, a significant recovery from its lows in 2022 reached during the market sell-off in April. Related Reading: Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends According to the analyst, a key indicator of Ethereum’s potential is the ETH/BTC trading pair, which recently rebounded from multi-year support levels. Historically, such bounces have often signaled the onset of altcoin cycles, aligning with shifts in global liquidity.  VirtualBacon asserts that if the Ethereum price can reclaim the 0.382 Fibonacci retracement level against Bitcoin, it could see a substantial gain of approximately 60%. A further retracement to the 0.5 level would push its value beyond 0.05 BTC, enhancing the bullish sentiment surrounding Ethereum. Currently, the Ethereum price is consolidating around these critical levels, which are viewed as a strong accumulation range before macroeconomic conditions shift.  VirtualBacon Projects $10K For ETH The analyst also argued that while Solana (SOL) is faster in terms of transaction speeds, Ethereum remains the backbone for most real-world applications (RWAs) and stablecoins. It is also the only altcoin recognized as a commodity in legal terms, gaining trust from institutional investors. Related Reading: XRP Chart Hits Critical Level That ‘Opens The Sky,’ Analyst Warns Looking ahead, Ethereum’s future performance is closely tied to the Federal Reserve’s (Fed) monetary policy decisions. With quantitative tightening (QT) slowing to $5 billion per month—the lowest rate in recent history—the analyst is keenly anticipating a potential pause in QT by the third or fourth quarter of this year.  VirtualBacon forecasts that this pause could trigger a bottoming out of the ETH/BTC pair, paving the way for significant upside movement for the Ethereum price. VirtualBacon maintains a bullish outlook for Ethereum, suggesting that if Bitcoin reaches $200,000, ETH could hit a price target of $10,000. If Bitcoin climbs even higher to $250,000, the Ethereum price could soar to $12,000. When writing, ETH trades at $2,440, up by 8% in the past seven days.  Featured image from DALL-E, chart from TradingView.com

Ethereum is gaining serious momentum after a powerful 45% surge last week, reclaiming key price levels and fueling speculation about the start of a broader altseason. The second-largest cryptocurrency by market cap is now pushing into critical resistance zones that could define the next leg of this rally. After months of underperformance and bearish sentiment, ETH’s sudden strength is shifting investor focus back toward the altcoin market, with analysts pointing to Ethereum’s breakout as a potential spark for widespread recovery across the sector. Related Reading: HYPE Bulls Regain Control After Sharp Recovery – Approaching Yearly Highs? Top analyst Daan shared a technical analysis highlighting the significance of Ethereum’s recent move. According to Daan, the massive weekly candle—one of the largest in years—was driven by a combination of technical breakout and short squeezes, as a large number of bearish positions were caught off guard. This surge not only invalidated recent bearish structures but also marked a structural shift in momentum. With Ethereum now pressing into new territory and investor confidence rising, the market appears poised for renewed strength. If ETH continues to hold above current levels, it could pave the way for altcoins to follow in what may become the strongest altseason since 2021. Ethereum Reclaims Strength As It Tests Key Resistance Ethereum is finally showing signs of strength after months of sustained bearish pressure. Since late December 2024, ETH had been in a steady downtrend, losing more than 66% of its value as investors rotated into other assets amid macroeconomic uncertainty and dwindling altcoin demand. However, a major shift in sentiment emerged in early April, as Ethereum began climbing rapidly, gaining over 85% in just a few weeks. This rally has brought ETH back into critical resistance levels that could determine whether a sustained uptrend is now underway. Daan highlighted the significance of this move, stating that Ethereum is now at a “big level.” He noted that last week’s price action produced the largest weekly candle in years—an explosive move fueled by a massive short squeeze. Months of built-up bearish positions were flushed out as the rally caught many by surprise, sending prices sharply higher. Daan cautions that while the move is impressive, the next phase is about managing volatility: “Play this level by level,” he advises, “and watch for next week to develop to see where these alts are going to get picked up after the squeezes are done.” This moment is crucial not only for Ethereum but also for the broader altcoin market. ETH’s recovery is often a leading indicator of renewed risk appetite and capital rotation into smaller assets. With bulls now in control and price pressing into a key supply zone, how Ethereum behaves over the coming days could determine whether altseason truly begins—or whether this rally was just a reaction to overly bearish positioning. Either way, ETH’s strength has put the market back on alert. Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move Technical View: Price Surges Above Weekly Moving Averages Ethereum is showing clear signs of recovery on the weekly timeframe, breaking decisively above the 200-week exponential moving average (EMA) and simple moving average (SMA) for the first time since its downtrend began earlier this year. After reaching a weekly low below $1,400 just a few weeks ago, ETH has rallied aggressively, closing this week near $2,555—a 45% surge that marks its most explosive candle in over a year. The chart shows ETH pushing past the 200-week EMA at ~$2,259 and reclaiming the 200-week SMA at ~$2,451. Analysts often use these two long-term trend indicators to distinguish between bear and bull market phases. Ethereum’s ability to close above both signals a potential shift in sentiment and structure, especially after months of lower highs and declining volume. Volume on this breakout is also notable. The past two weeks have seen a significant uptick in participation, suggesting this move isn’t just a short squeeze, but potentially the start of a broader recovery trend. ETH still faces resistance in the $2,700–$2,800 zone, but reclaiming this range could open the door for a sustained rally into Q3. The next few candles will be key in confirming this bullish reversal. Featured image from Dall-E, chart from TradingView

Ethereum is back above the $2,500 level after a massive surge that flipped market sentiment nearly overnight. Following months of intense selling pressure that began in late December 2024, ETH spent most of the first quarter struggling to gain traction. However, last week’s powerful rally—an 80% gain in less than a month—has shifted the tone across the market, reigniting optimism and setting the stage for what could be the beginning of a broader altcoin recovery. Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move Top analyst Jelle shared a technical analysis noting that while Ethereum’s breakout is impressive, the asset still has “a lot of work to do.” ETH is now testing a key supply zone that previously marked significant resistance. Whether bulls can push through this area or face a temporary rejection remains to be seen. Still, the magnitude and speed of this recovery suggest that Ethereum may have completed a capitulation bottom and is building toward a more sustainable uptrend. For now, reclaiming $2,500 is a significant psychological and technical milestone. With momentum turning and broader market strength building, Ethereum’s price action in the coming days could help define the trajectory for the entire altcoin sector in Q2. Ethereum Tests Key Resistance After Explosive Weekly Surge Ethereum has surged over 44% in less than a week, reclaiming major resistance levels with strength and shifting sentiment sharply from bearish to bullish. After months of underperformance, ETH is now leading the charge in what many analysts believe could be the beginning of a long-awaited altseason. The broader market is showing signs of renewed momentum, but Ethereum’s breakout is particularly significant as it often signals capital rotation into altcoins. ETH’s rally has taken it from sub-$1,800 levels to just above $2,500, breaking through key resistance areas that had held since January. Now, the price is testing a crucial supply zone between $2,600 and $2,800—a region that previously acted as a distribution top and major rejection point. A successful break above this level could open the door for a move toward $3,000 and beyond. Jelle highlighted the scale of Ethereum’s comeback, noting that this “massive bounce” came after the market had largely declared ETH dead. Prices are now firmly back above critical support, and the reclaim of $2,500 is a major technical milestone. Still, as Jelle points out, there’s a lot of work ahead before a full recovery is confirmed. While short-term momentum is clearly bullish, Ethereum must consolidate and build structure above this resistance to establish a sustainable uptrend. If that happens, the narrative for altseason becomes significantly stronger, especially after years of drawdowns across the sector. The coming days will be key as Ethereum tests the upper end of this resistance range and sets the tone for altcoins heading into the summer. Related Reading: HYPE Bulls Regain Control After Sharp Recovery – Approaching Yearly Highs? ETH Tests $2,600 Resistance As Momentum Builds Ethereum is trading at $2,570 after an explosive rally that pushed the price from under $1,800 to a new local high at $2,625 in just a few sessions. The chart shows a clear vertical breakout, driven by surging volume and reclaim of major moving averages. ETH has now decisively broken above its 200-day EMA (currently near $2,436) and is testing the 200-day SMA around $2,701—a zone that represents a significant area of supply. The steep angle of ascent suggests strong bullish momentum, but the price is approaching a key resistance confluence. Historically, the $2,600–$2,800 range has acted as both support and resistance, meaning bulls need to consolidate above $2,500 to sustain the uptrend. This move also follows months of consolidation and a long period of underperformance. After a 66% decline from its December highs, Ethereum’s current rally signals a potential trend reversal. If bulls maintain this pressure and break above the 200 SMA, it could trigger a rapid continuation to $3,000 and beyond. Related Reading: XRP Whales Are Back – 880 Million Tokens Accumulated This Month However, volume should remain elevated, and volatility is expected as sellers may step in at these levels. A short-term pullback wouldn’t invalidate the trend, but failure to hold above $2,500 could stall momentum. Featured image from Dall-E, chart from TradingView

Ethereum has finally broken above the long-watched $2,000 resistance level—and it didn’t just edge past it, it blasted through with force. In under 48 hours, ETH surged more than 35%, reaching as high as $2,490 and sending a strong signal that a new phase may have just begun. The breakout, which comes after months of sluggish price action and uncertainty, has reignited bullish sentiment across the market. Related Reading: Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80 Top analyst Jelle described the move in dramatic terms, noting that Ethereum aggressively broke straight through a massive resistance level, “like it wasn’t even there.” More importantly, ETH has now made a higher high, flipping the market structure and confirming the strength of this rally. This is the kind of breakout that often marks a shift in trend, not just a temporary spike. With Bitcoin flirting with $100K and altcoins waking up across the board, Ethereum’s explosive move may be the start of something much bigger. The $2,000 level had been a significant psychological and technical barrier for months, and now that it’s gone, bulls are in control. All eyes are on whether ETH can hold these gains and continue leading the charge in the next leg of the crypto bull cycle. Ethereum Forms Bullish Structure As Momentum Shifts After months of relentless selling pressure and persistent bearish sentiment, Ethereum is finally showing signs of structural recovery. The market environment, long dominated by doubt and underperformance, is now shifting as ETH begins to establish a new, more bullish formation. This shift isn’t just about price—it’s being reinforced by meaningful developments on the fundamental side. One of the most important catalysts is the upcoming Pectra update, a major improvement designed to make Ethereum more efficient, scalable, and cost-effective. The update focuses on enhancing the Ethereum Virtual Machine (EVM) and optimizing smart contract performance, key changes that could significantly improve network usability and reduce transaction costs. This technical progress renews investor interest and builds a fresh narrative around Ethereum’s long-term potential. The price action confirms the change in sentiment. Jelle highlights that Ethereum easily broke past the $2,000 resistance, as ETH surged more than 21% only yesterday, blasting through $2,200 and hitting a high near $2,490. More importantly, ETH has made a higher high, signaling a trend reversal. According to Jelle, holding the $2,200 level is now key—if this support holds, “ETH could actually be back.” Analysts are beginning to call for continued upside, pointing to the combination of washed-out bearish sentiment, fresh technical structure, and growing network optimism driven by the Pectra upgrade. With ETH now breaking out and flipping resistance into support, the conditions are aligning for a potentially massive recovery phase. If momentum holds and the $2,200 level is respected, Ethereum could be entering the early stages of a powerful and sustained rally. Related Reading: Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery ETH Price Analysis: Bulls Take Over Ethereum (ETH) is trading at $2,334 after a stunning rally that saw it surge more than 35% in less than 48 hours. The daily chart shows a massive breakout above the long-standing $2,000 resistance level, with price reaching as high as $2,490 before pulling back slightly. This breakout decisively ends months of downtrend structure and signals the formation of a new bullish leg. This move came with substantial volume, validating the breakout and showing clear market conviction. ETH also printed a higher high for the first time in months, confirming a shift in trend. However, the price is now approaching the 200-day EMA at $2,428 and remains below the 200-day SMA at $2,701—two levels that could serve as medium-term resistance. If ETH can hold the $2,200–$2,250 zone as support, this breakout could turn into a full trend reversal. The recent volume spike suggests that both retail and institutional players are stepping back in, possibly driven by growing optimism around Ethereum’s upcoming Pectra upgrade and improving macro sentiment. Related Reading: Bitcoin Shows Impressive 4H Strength – A Shift Toward Upside Break Overall, the chart shows strength and momentum. If bulls maintain control and reclaim the 200-day SMA in the coming sessions, ETH could be set for a sustained run toward higher levels. Featured image from Dall-E, chart from TradingView

Ethereum is under pressure after failing to break above the $1,874 high set on May 1st, a level that now acts as stiff resistance. As the broader crypto market begins to heat up, Ethereum remains stuck in a tight range, lacking the momentum to confirm a breakout. Currently trading just above $1,800, ETH sits at a critical level where bulls must step in to defend the structure and push the price higher. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal Despite several attempts, Ethereum has been unable to establish a clear direction, and market participants are growing cautious. The asset is still down over 55% from its December highs, reflecting a prolonged period of weakness relative to other major cryptocurrencies. Without a strong push through resistance, Ethereum risks falling further behind. Top crypto investor Michael Van de Poppe recently shared a technical analysis suggesting that Ethereum is still in an accumulation phase. According to Van de Poppe, ETH shows signs of strength and accumulation against BTC in the background, but needs confirmation through a decisive breakout above current levels. Until then, Ethereum remains range-bound and vulnerable to volatility. With market sentiment shifting and major moves looming, the coming days will be crucial for ETH’s short-term outlook. Ethereum Accumulation: ETH/BTC Chart Hints At Imminent Move Ethereum continues to struggle below the $2,000 mark, failing to reclaim key resistance levels despite broader market activity heating up. While ETH/USD remains directionless and still trades over 55% below its December highs, a closer look at the ETH/BTC chart reveals something more constructive brewing beneath the surface. Van de Poppe recently shared an analysis highlighting a clear accumulation structure forming in the ETH/BTC pair. After months of consistent downside, the chart shows Ethereum breaking out of a falling wedge and consolidating in a tight range just below critical resistance at 0.0195 BTC. According to Van de Poppe, this is a classic accumulation pattern, signaling that Ethereum may be preparing for a significant breakout relative to Bitcoin. The chart also highlights a key demand zone around 0.0184 BTC—an area ETH has repeatedly held. As long as this level holds, Van de Poppe believes Ethereum could continue to grind higher and eventually take out liquidity above resistance. A successful breakout could mark the start of Ethereum outperforming Bitcoin, a trend often seen during the altcoin expansion phase of a bull market. However, risks remain. The broader market is still heavily influenced by macroeconomic uncertainty, particularly surrounding U.S.-China tensions. For now, Ethereum’s upside case depends on holding current support and clearing the 0.0195 BTC resistance. If successful, this accumulation may become the base for a strong rally. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? ETH Price Consolidates In A Tight Range Ethereum is currently trading at $1,795.79 after a slight rejection from the $1,874 local high reached on May 1st. The daily chart shows ETH consolidating in a tight range following its rebound from April’s lows near $1,500. However, despite this stabilization, ETH remains well below both the 200-day simple moving average (SMA) at $2,709.54 and the 200-day exponential moving average (EMA) at $2,437.55—indicating that the broader trend is still bearish. While bulls have managed to prevent further downside, Ethereum has yet to break out of its long-term downtrend. The failure to reclaim $2,000 as support continues to cap bullish momentum, and volume has remained modest during recent price action, showing a lack of conviction from both buyers and sellers. The structure currently favors accumulation, but ETH must decisively clear the $1,875–$2,000 resistance area to shift sentiment and validate a trend reversal. If it fails to do so, the risk of a renewed pullback toward the $1,650–$1,700 support zone increases. Related Reading: Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets Overall, Ethereum is at a pivotal stage. The longer it consolidates below major moving averages, the more likely the market remains cautious. A breakout above $2,000 could trigger renewed upside and signal broader market strength. Featured image from Dall-E, chart from TradingView

Ethereum is now facing a critical test as it trades within a tight range, sitting below the $1,850 resistance and above the $1,750 support. After a strong recovery from the $1,400 level earlier this month, bulls have managed to stabilize price action, but the real challenge is now unfolding. To confirm a sustainable bullish structure, Ethereum must decisively reclaim the $2,000 level in the coming days. Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? Market sentiment remains cautious as Ethereum consolidates below resistance while macroeconomic uncertainty continues to weigh on risk assets. Top crypto analyst Big Cheds shared insights on X, highlighting a technical concern: Ethereum is displaying a 4-hour bear divergence on the On-Balance Volume (OBV) indicator, along with an upper shadow structure. With volatility expected to rise and traders closely watching for a breakout or breakdown, the coming sessions could define Ethereum’s trend for the next several weeks. Bulls need to act quickly to maintain momentum and prevent bears from regaining control. Ethereum Battles Resistance As Bulls Try To Keep Control Ethereum is starting to show early signs of a bullish structure on low time frames, giving bulls hope for a broader recovery. After pushing from the $1,400 local low, ETH has managed to hold above key moving averages and consolidate within a tight range. However, the market remains highly cautious, and selling pressure could increase quickly if bulls fail to reclaim higher levels. Momentum has shifted in Ethereum’s favor over the past few days, and several analysts are calling for a potential massive breakout if key resistance levels are breached. A confirmed breakout above $1,850 could open the door for a swift move back to the $2,000 psychological level. Nevertheless, risks remain elevated, and an opposing bearish view suggests that Ethereum could revisit the $1,300 zone if bulls lose control. Ched’s critical insights point out that Ethereum is forming a 4-hour bearish divergence on the On-Balance Volume (OBV) indicator. This, combined with the appearance of an upper shadow on local structure, signals weakening buying pressure. According to Cheds, a short position could be triggered if Ethereum loses the $1,750 support zone, which would confirm a breakdown from the current consolidation pattern. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Technical Details: Key Levels To Change Structure Ethereum is trading at $1,815 after days of tight consolidation and modest upward movement. Bulls have managed to defend the $1,750-$1,800 support range, but the real test remains ahead. To shift the broader bearish structure into a confirmed bullish trend, Ethereum must reclaim the $2,100 level. Without this breakout, any rallies are likely to be seen as temporary relief within a broader downtrend. Holding above the $1,800 level is critical in the coming days. A firm base above this zone would help build strong demand and create the conditions needed for a sustained recovery rally. Bulls are gaining some short-term momentum, but they still face a market clouded by macroeconomic uncertainty and cautious sentiment. Related Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High? If Ethereum fails to maintain support at $1,750, downside risks will grow rapidly. Breaking below this zone could trigger a sharp sell-off, likely sending ETH toward the $1,500 mark. As the market shows signs of strength, Ethereum’s next move will be decisive. It will determine whether it can join a larger recovery trend or continue struggling within a volatile and uncertain environment. Featured image from Dall-E, chart from TradingView

Ethereum is trading above $1,700 after a volatile few weeks, with bulls now trying to reclaim higher levels and flip resistance into support. Despite lingering macroeconomic tensions and the ongoing trade standoff between the US and China, markets are beginning to price in optimism as investors anticipate progress in negotiations. This renewed sentiment has lifted risk assets like ETH, which is showing early signs of a potential breakout. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected Analysts are closely watching Ethereum’s current price action, which suggests a possible shift in trend. Top analyst Daan shared a technical view on X, highlighting that ETH is attempting to retake its previous horizontal support around $1,750. If successful, this would mark the first time in months that Ethereum reclaims a key support level after previously rejecting it and setting lower lows. As Ethereum fights to regain lost ground, all eyes are on this critical level. A breakout here could lead to a renewed surge across the altcoin market, reinforcing growing speculation that the worst of the correction may already be behind us. Ethereum Bulls Attempt to Shift Market Structure Ethereum has rallied impressively, gaining over 32% from its local low of $1,383. This recovery has brought ETH to a critical price level, where bulls must hold and build momentum to break the broader downtrend that has defined much of 2024. A sustained move above current levels could mark a long-awaited shift in market structure, providing confidence that Ethereum is ready to trend higher over the medium term. However, broader macroeconomic forces continue to weigh heavily on investor sentiment. Ongoing trade tensions between the United States and China remain unresolved, with each new tariff threat adding further strain on global supply chains. These geopolitical pressures threaten to limit risk appetite, and any further escalation could stall Ethereum’s recovery. On the flip side, a diplomatic breakthrough could trigger a strong shift in investor positioning across all risk assets, including crypto. In the meantime, Ethereum must defend current levels to keep bullish momentum intact. Daan’s analysis highlighted that ETH is currently testing the $1,750 level, which previously acted as key support. If Ethereum can reclaim this horizontal zone, it would mark the first time in months that ETH retakes rather than rejects a critical level. Daan emphasized that daily closes above $1,750 are ideal and would confirm strength, potentially opening the door for a larger breakout. Related Reading: Ethereum Forms ‘A Huge Inverse Head & Shoulders’ – $20K Target In Sight? ETH Price Holds Key Levels, Bulls Must Reclaim $2K Soon Ethereum is currently trading at $1,770, maintaining strength above the 4-hour 200 EMA—a key short-term indicator that has historically acted as both resistance and support during critical trend shifts. Bulls have managed to defend this level over the past few sessions, signaling growing confidence and momentum as Ethereum attempts to recover from its recent downtrend. Holding above the $1,700 zone is now essential to avoid triggering another wave of selling. This level has become the new battleground for bulls and bears, and continued consolidation above it may lay the groundwork for a broader rally. The next major objective is a decisive reclaim of the $2,000 level. A breakout above this threshold would mark a strong shift in sentiment and could trigger additional upside as sidelined buyers re-enter the market. Related Reading: Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead However, caution remains warranted. A failure to hold current support would invalidate the recovery narrative and open the door to further losses. If Ethereum breaks below $1,700 with volume, it could revisit the $1,500 level, which has acted as a historical demand zone. That would reinforce a longer-term bearish structure and delay any hopes of a full-scale recovery. Featured image from Dall-E, chart from TradingView

As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movements has sparked discussions among crypto analysts regarding the potential future trajectory of Ethereum, particularly in light of Bitcoin’s bullish momentum. Ethereum Bull Run Potential Crypto analyst Ali Martinez recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum could ignite a new bull run if it manages to breach the critical resistance level at $2,330.  Martinez emphasized that a breakout above this supply wall could signal renewed investor interest and push ETH towards significantly higher prices. However, Ethereum has been trapped in a narrow range between $1,500 and $1,650 for the past week, lacking any substantial catalysts to spur an upward movement. Related Reading: Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? The immediate focus for Ethereum bulls is the $1,600 level, which has emerged as a near-term resistance point. Market expert TedPillows highlighted that Ethereum has recently broken out of a downtrend for the first time since February 2025, indicating a potential shift in market sentiment. If ETH can hold above the $1,600 threshold, analysts speculate it could rally towards the $2,000 mark by April. Conversely, some analysts, including Crypto Fella, warn of the risks associated with Ethereum’s current stagnation. The importance of a swift upward movement; a failure to break through the nearest resistance could result in a drop towards $1,200, highlighting the precarious nature of the altcoin’s current position. Bitcoin Surges Past $87,000 In stark contrast, Bitcoin’s market performance paints a different picture. The cryptocurrency’s recent surge above $87,000 is interpreted by Nicholas Roberts-Huntley, CEO of Concrete and Glow Finance, as a clear indication that investors are seeking refuge in decentralized assets amidst rising tariffs, inflation concerns, and global economic uncertainty.  This sentiment is echoed as the crypto market reacts to political tensions, particularly surrounding President Trump’s threats to remove Federal Reserve Chair Jerome Powell for not expediting interest rate cuts.  Related Reading: Bitcoin Surges Above $87,000 In Sudden Move — Here’s The Catalyst Youwei Yang, chief economist at Bitcoin mining company BIT Mining, provided further context on Bitcoin’s behavior in the current economic climate.  Yang noted that while Bitcoin may initially respond like a risk asset—similar to tech stocks—during times of crisis, it tends to stabilize and exhibit characteristics of a safe haven asset akin to gold as market conditions improve. At the time of writing, ETH is trading at $1,584, posting losses of over 3% in the weekly time frame. Even more concerning, the altcoin is still down nearly 70% from its all-time high reached in the last bullish cycle. Featured image from DALL-E, chart from TradingView.com 

Ethereum and the broader crypto market experienced a small but notable pump yesterday, reigniting hopes of a potential trend reversal after weeks of sustained selling pressure. As market uncertainty intensifies, driven largely by global economic tensions and geopolitical strain between the US and China, investors are closely watching for signs of a breakout. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights Despite the headwinds, analysts are starting to shift their tone. Some believe that the worst may be behind for Ethereum and that a strong move to the upside could be brewing. One of the most vocal among them is top analyst Carl Runefelt, who shared a bold outlook, suggesting that Ethereum “might go absolutely parabolic starting from here.” His analysis suggests that ETH is poised to break out from a daily descending trendline, which could serve as a key technical signal indicating va shift in momentum in favor of the bulls. As Ethereum holds above critical support levels and inches closer to a potential trend reversal, traders and investors are now watching closely for follow-through confirmation. If volume and sentiment continue to build, this could be the beginning of a significant rally — one that may reset expectations for the rest of the cycle. Ethereum Eyes Recovery Amid Rising Global Tensions Global tensions and macroeconomic uncertainty continue to weigh heavily on investor sentiment, with the ongoing trade war between the US and China sending shockwaves through equities and high-risk assets. In the midst of this fragile backdrop, Ethereum has managed to find a solid support level around $1,500 and is now attempting to reclaim higher ground. After weeks of selling pressure that erased bullish expectations for the year, ETH is showing early signs of recovery. Ethereum’s current price structure has become a focal point for market participants. The recent bounce from $1,500 marks a potential higher low, a technical setup often associated with trend reversals. If ETH can successfully push above the $1,700 mark and break the descending trendline, it could spark renewed momentum for bulls. Runefelt shared an optimistic view, stating that Ethereum could go up really fast from here. According to his analysis, the next key price target sits at $3,000, assuming a confirmed breakout above short-term resistance levels. Despite continued global risks, the Ethereum network remains fundamentally strong, with growing adoption in DeFi and real-world assets. If the breakout materializes and broader market sentiment stabilizes, ETH could lead the next leg of the crypto recovery. Related Reading: Metrics Reveal Solana Sees Uptick In Whale Activity – Accumulation Signal? Price Faces Key Resistance As Bulls Struggle for Momentum Ethereum is currently trading at $1,630 after another failed attempt to break above the $1,700–$1,800 resistance zone. This price range has acted as a major barrier over the past several weeks, limiting bullish momentum and keeping ETH locked in a broader downtrend. Bulls must reclaim the local high at $1,691, set last week, to signal a potential shift in structure and confirm the start of a recovery rally. A decisive move above $1,700 could open the door to a test of the $2,000 level, which would mark a significant psychological and technical milestone. However, the lack of follow-through on recent upside attempts reflects ongoing uncertainty across crypto markets, largely driven by macroeconomic tensions and risk-off sentiment. Related Reading: Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking? If Ethereum fails to gain strength above current levels, a retracement toward $1,500 is likely, with the possibility of further downside if selling pressure intensifies. This level has served as a critical support zone in recent weeks. Without a convincing breakout, ETH remains vulnerable to renewed weakness and deeper corrections. All eyes are now on whether bulls can build enough momentum to flip resistance into support and avoid another leg down. Featured image from Dall-E, chart from TradingView 

Ethereum is trading at critical levels after enduring weeks of aggressive selling pressure. Since retracing below the key $2,000 mark, the second-largest cryptocurrency has struggled to regain bullish momentum. Currently down 21% from that level, ETH continues to hover near $1,580, reflecting a clear lack of conviction from both buyers and sellers. Related Reading: Solana Turns Bullish On 8H Chart – Break Above $147 Could Confirm New Trend The market has entered a period of extreme indecision. According to top analyst Daan, Ethereum’s price has remained notably compressed, barely moving over the past two days. This type of consolidation often precedes sharp price action in either direction, and traders are watching closely for signs of a breakout or breakdown. Macroeconomic uncertainty continues to influence investor sentiment, with global trade tensions and monetary policy concerns keeping pressure on risk assets like Ethereum. For now, bulls must reclaim the $1,850 resistance zone to confirm a trend reversal, while a drop below $1,500 could open the door to deeper losses. As volatility builds in the background, the current compression could be the calm before a storm—setting the stage for Ethereum’s next decisive move. Will it break out to the upside, or is more downside in store? Ethereum Compression Signals Breakout As Macro Pressure Builds Ethereum is facing a critical test as it trades at compressed levels following weeks of sustained selling pressure. The broader crypto market remains under pressure as global tensions escalate. US President Donald Trump’s trade war with China continues to shape macroeconomic sentiment, leaving investors cautious across all high-risk asset classes. Despite last week’s announcement of a 90-day tariff pause for all countries except China, uncertainty remains. The unresolved status of US-China trade relations continues to weigh on markets and is one of the primary factors driving hesitation in price movement. For Ethereum, this has translated into extremely low volatility and a stalled price structure. Daan shared insights suggesting that Ethereum’s price has been “extremely compressed” and has not shown meaningful movement for the better part of two days. According to Daan, this type of compression usually precedes a significant breakout—though the direction of that move remains unknown. Investors and traders alike are closely monitoring this setup, as compressed price action typically leads to large, momentum-driven shifts. With broader macro risks still in play, Ethereum’s next move could define the short-term trend and set the tone for the market in the weeks ahead. Related Reading: Ethereum Whales Offload 143,000 ETH In One Week – More Selling Ahead? ETH Bulls Aim To Regain Control Ethereum is trading at $1,590 after several days of sideways price action, hovering between support at $1,550 and resistance near $1,700. Despite holding above the lower end of this range, ETH has struggled to generate the momentum needed to break out and confirm a short-term recovery. For bulls to establish a stronger position, ETH must push above the 4-hour 200-day moving average (MA) and exponential moving average (EMA), both of which continue to act as dynamic resistance. A breakout above these indicators could trigger renewed interest from traders and signal the beginning of a recovery phase. However, the true test lies at the $2,000 level—a major psychological and technical resistance zone. Reclaiming this level would mark a shift in market sentiment and open the door to higher targets. Related Reading: Solana Retests Bearish Breakout Zone – $65 Target Still In Play? On the downside, failure to gain ground above the current range and a drop below $1,550 could quickly drag ETH below $1,500, increasing the risk of a deeper correction. For now, Ethereum remains in a consolidation phase, and the next decisive move will likely dictate whether bulls regain control or if sellers push prices into lower demand zones. Featured image from Dall-E, chart from TradingView 

Ethereum is trading above the $1,500 mark after a week of heightened volatility and continued global trade uncertainty. Macroeconomic tensions — driven by tariffs, shifting policies, and weakened investor sentiment — continue to weigh heavily on crypto markets. Despite the recent bounce, Ethereum’s price action still hints at a broader downtrend, with bulls struggling to reclaim key resistance levels that could trigger a meaningful recovery. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? However, there are signs of potential strength ahead. If bulls manage to push ETH above immediate resistance zones, a bullish momentum shift could emerge. Market watchers are closely monitoring cost basis levels to identify where strong demand may resurface. According to data from Glassnode, Ethereum’s Cost Basis Distribution reveals three key price clusters likely to shape short-term action. Among them, the $1,546 level stands out as the most significant, with 822,440 ETH previously accumulated in this range. A successful hold or breakout above this zone could provide a solid foundation for a larger recovery. For now, Ethereum’s outlook remains cautiously neutral, with bulls needing to reclaim higher levels to shift sentiment and challenge the broader downtrend. Ethereum Key Cost Basis Levels Could Define Price Action Ethereum has lost over 50% of its value since early February, setting the stage for a challenging but potentially pivotal recovery phase. After months of heavy selling pressure, ETH is now trading just above the $1,500 mark, a zone that could serve as a springboard if bullish momentum builds. While the broader market has shown signs of recovery, Ethereum’s underwhelming price action continues to test investor patience. Still, analysts believe a recovery rally is possible, especially if macroeconomic sentiment improves. Persistent global trade tensions, ongoing tariff battles, and US foreign policy shifts continue to inject volatility into financial markets. These factors have suppressed demand for risk assets like Ethereum, but some believe that the worst may be behind. Glassnode’s on-chain data offers a more detailed look at Ethereum’s short-term outlook. According to their Cost Basis Distribution analysis, three price clusters are likely to shape ETH’s near-term price action. Around $1,457, roughly 408,000 ETH were previously accumulated. At $1,546, over 822,000 ETH sit, making it one of the most critical levels. Finally, approximately 725,000 ETH were acquired around $1,598. These clusters reflect areas of high on-chain activity and are expected to act as support or resistance zones during the current phase of price consolidation. A breakout above the $1,600 level could trigger a more significant move toward $1,800 and beyond. For now, Ethereum’s price remains range-bound, but market participants are watching these levels closely for signs of a decisive shift. Related Reading: Ethereum Metrics Reveal Critical Support Level – Can Buyers Step In? ETH Faces Crucial Resistance As Bulls Fight to Regain Momentum Ethereum is currently trading at $1,580 after failing to break above the $1,700 resistance level, signaling that bullish momentum remains weak. Despite a brief recovery from recent lows, ETH has struggled to reclaim higher ground, and key resistance levels continue to weigh on price action. For bulls to confirm the start of a true recovery phase, Ethereum must push above the 4-hour 200 MA and EMA, both hovering around $1,820. A decisive move above these indicators would indicate renewed market confidence and open the door for a push toward critical demand levels around $2,000. However, the risk of further downside remains. If Ethereum loses the $1,500 support level, selling pressure could accelerate, potentially driving the price below the $1,400 mark. This zone served as a key level in early 2023 and could be retested if bearish momentum builds. Related Reading: Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support? With macroeconomic uncertainty and trade tensions still dominating the narrative, investors remain cautious. The next few trading sessions will be critical for ETH, as it hovers between potential recovery and the threat of renewed decline. Traders should watch for volume spikes and reaction around the $1,700 and $1,500 zones to assess the next move. Featured image from Dall-E, chart from TradingView