Ethereum has bounced back sharply, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. Last weekend, ETH briefly dipped below the $2,200 mark as panic selling swept across global markets following US attacks on Iranian nuclear facilities. The sell-off triggered a sharp fakeout that briefly pushed ETH out of its multi-week trading range. However, bulls are regaining control, and Ethereum’s price action now signals the early stages of a potential recovery rally. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst Ted Pillows shared a technical analysis highlighting that Ethereum is reclaiming the key $2,444 resistance level — a zone that previously acted as both support and resistance throughout May and June. If bulls maintain momentum above this threshold, it could open the door for a bullish continuation toward the higher end of the established range. While uncertainty remains due to lingering macroeconomic and geopolitical risks, Ethereum’s current structure shows renewed strength. Market participants are watching closely, as ETH often serves as a leading indicator for broader altcoin performance. Holding above $2,400 could become a catalyst for a broader rally, especially if Bitcoin continues to stabilize and approach new all-time highs. Ethereum Battles For Breakout As Market Awaits Direction Ethereum is trading at a critical juncture after a turbulent week of price action driven by geopolitical instability and macroeconomic uncertainty. Following a sharp drop below $2,200 amid panic selling over the Middle East conflict escalation, ETH has recovered significantly, now hovering around the $2,444 level. This price zone is key, not only as a technical resistance but also as a sentiment marker for traders watching for signs of a trend reversal or confirmation of a deeper pullback. Analysts remain divided on what comes next. Some believe Ethereum’s recent recovery could signal the beginning of a bullish continuation, especially if price action holds and pushes above the upper range levels near $2,600. A breakout from this zone would indicate renewed strength and could set the tone for a broader altcoin rally, particularly as Ethereum often leads sector momentum. Others, however, warn that the recovery might be short-lived, and a retreat to lower demand zones could occur if macro conditions worsen. Ted Pillows notes that Ethereum is currently reclaiming the $2,444 resistance level. He emphasizes that bullish continuation into the range highs is necessary to confirm breakout strength. Until then, traders are watching closely, as any rejection at this level could shift momentum back to the downside. With global tensions and monetary tightening from central banks continuing to influence markets, the coming weeks may determine whether ETH enters a new uptrend or retreats further into its long-standing consolidation range. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Faces Long-Term Resistance The weekly chart of Ethereum (ETH/USD) shows a strong recovery from the $2,189 low, with ETH currently trading at $2,463 — a 10.5% gain so far this week. This sharp bounce comes after a fakeout below the $2,200 level and suggests renewed buying pressure following recent geopolitical volatility. However, price is now testing a major confluence zone formed by the 50-week ($2,660), 100-week ($2,625), and 200-week ($2,437) simple moving averages. This cluster of moving averages is acting as resistance, capping ETH’s upside momentum. Historically, when Ethereum breaks through these long-term trend lines, a significant trend continuation follows. But for now, bulls must decisively clear this $2,450–$2,660 zone to confirm a breakout and open the door toward the $3,000 psychological level. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply Volume has slightly increased, indicating rising interest, but the rejection wicks from prior weekly candles suggest the market remains indecisive. As long as ETH holds above the 200-week SMA ($2,437), the structure remains constructive, but a breakdown below it would likely reintroduce bearish sentiment. Featured image from Dall-E, chart from TradingView
Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to rally beyond its current range and begin a new upward leg. Despite lingering global tensions, markets are responding positively to growing speculation that a trade deal between the US and China may soon be finalized, offering a temporary boost to risk assets across the board. Related Reading: Ethereum Approaches Decisive Level – Trading Around 200 DMA Resistance Ethereum’s recent strength comes at a critical moment, as price approaches the upper boundary of its current ascending channel. Top analyst M-log1 shared a technical analysis highlighting this structure, stating that ETH needs to break out of this current channel. Until then, price action may remain contained within the structure, with limited upside unless a decisive breakout occurs. As Ethereum pushes toward resistance, all eyes are on volume and confirmation signals that could mark the start of a broader trend. For bulls, breaking above the ascending channel could signal the beginning of a strong move toward $3,000 and beyond. Until then, Ethereum remains at a key inflection point in its cycle. Ethereum Holds The Key To Altseason Ts Bulls Eye Breakout Ethereum is now at the center of the market’s attention, as its next move could determine whether a true altseason begins. While Bitcoin continues to lead, Ethereum’s ability to reclaim higher price levels—particularly above the $2,800 mark—will be critical in confirming the start of a broader altcoin rally. So far, positive sentiment and rising price action suggest momentum is building, with ETH pushing into resistance and forming a constructive setup. Bulls have regained control in recent sessions, but the challenge now lies in escaping the current structure. M-log1 highlighted that Ethereum remains trapped in an ascending channel, a pattern that often leads to slow grinding moves until a breakout or breakdown occurs. “If we want anything significant to happen,” he noted, “then ETH needs to leave this ascending channel.” Failing to do so increases the probability of a revisit to the lower end of the range, though M-log1 clarified that this isn’t a certainty—just a probability to keep in mind. On a positive note, Ethereum’s moving averages continue to trend upward and support price from below, providing a favorable technical backdrop. As long as these levels hold and bulls remain active, the breakout scenario remains the dominant outlook. If ETH can decisively flip $2,800 into support and break above the channel structure, it could unleash a wave of capital rotation into altcoins. Until then, Ethereum holds the spotlight—and its next move will likely shape the direction of the entire market heading into summer. Related Reading: Ethereum Still Rangebound Below $2,735 Level – No Clear Breakout Yet Ethereum Breaks Above Resistance But Faces Retest At Key Level Ethereum is currently trading at $2,771 on the daily chart after briefly breaking above the critical $2,800 resistance zone. This level has capped price action multiple times since early May, making this breakout attempt a significant development. However, today’s rejection from a high of $2,834 suggests that ETH is not yet ready to confirm a clean breakout and may be entering a short-term retest phase. The $2,750–$2,800 zone, now acting as immediate resistance, aligns closely with the 200-day simple moving average (SMA) at $2,654.52 — a historically important level that often dictates medium-term trend direction. ETH’s recent surge above all major moving averages, including the 50-day ($2,333.32) and 100-day ($2,085.42) SMAs, reflects growing bullish momentum and a strong trend structure. Related Reading: Ethereum Weekly Structure Tightens – Tower Top Pattern In Play? If Ethereum holds above the 200-day SMA on a retest and reclaims $2,800 with follow-through, the path toward $3,000 becomes more realistic. On the other hand, failure to hold this area could result in a slide back toward the $2,600–$2,650 support zone. Volume has picked up, indicating interest, but confirmation will come from sustained price above resistance. For now, ETH remains in a promising position — but the next few candles will be key. 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 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 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 (ETH) continues failing to reclaim the $2,100 resistance, dropping 6% in the past week. As the second largest crypto trades within its “make or break” levels, some market watchers suggest it will continue to move sideways before another major move. Related Reading: ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance – What’s Going On? Ethereum Trades At 2023 Levels After closing its worst Q1 since 2018, Ethereum continued moving sideways, hovering between the $1,775-$1,925 price range. Amid last Monday’s recovery, Ethereum traded only 6% below its monthly opening, eyeing a potential positive close in the monthly timeframe. Nonetheless, the cryptocurrency fell over 10% from last week’s high to close the first quarter 45.4% below its January opening and 18.6% from its March opening. Moreover, it registers its worst performance in seven years, recording four consecutive months of bleeding for the first time since 2018. Daan Crypto Trades noted that ETH is “still trading in no man’s land” despite its recent attempts to break above its current range. In early March, Ethereum dropped below the $2,100 mark, losing its 2024 gains and hitting a 16-month low of $1,750. The trader suggested that the crucial levels to watch are a breakdown below $1,750 or a breakout above $2,100. “Anything in between is just going to be a painful chop,” he added. Another market watcher, Merlijn The Trader, highlighted that ETH is at 2021 levels, pointing that it is trading within the breakout zone that led to Ethereum’s all-time high (ATH) but has stronger fundamentals and more institutional demand four years later. “ETH is sitting on the same monthly support that ignited the 2021 bull run. Hold it, and $10K is in play. Lose it… and things get ugly,” he detailed. More Chop Before ETH’s Next Move? Analyst VirtualBacon considers that Ethereum will continue to trade within its current price range for the time being. He explained that ETH’s price has fallen to retest the last bear market resistance levels, as it has erased all its gains since November 2023. The analyst considers this zone a “good value range” but doesn’t expect the cryptocurrency to break out “right away.” However, he added that a bullish breakout is “simply a matter of time” in longer timeframes. “Ethereum always catches up when the Fed pivots and the global liquidity index beings to uptrend. That’s when you see the ETH/BTC ratio start to turn up again, leading the rest of the altcoin market,” he concluded. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities Ali Martinez pointed out that the number of large ETH transactions has significantly declined in over a month, dropping 63.8% since February 25. During this period, large transactions fell from 14,500 to 5,190, signaling a drop in whale activity on the network. He also noted that whales have sold 760,000 ETH in the last two weeks. As of this writing, Ethereum trades at $1,903, a 6% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum has experienced a crucial surge above the $2,000 mark, a key level that bulls have struggled to reclaim since March 10. This breakout brings renewed optimism, as analysts believe a stronghold above this level could trigger a rally toward higher prices. However, if ETH fails to maintain support above $2,000, a significant drop could follow, leading to further market instability. Related Reading: On-Chain Data Signals Key Test For Solana At $135 Level – Insights Macroeconomic uncertainty and trade war fears have continued to shake the crypto market, with Ethereum being one of the most affected assets. The recent price action reflects investor caution, as global financial conditions remain unpredictable. Top analyst Jelle shared a technical analysis on X, revealing that ETH is trading at a critical level that will determine its long-term direction in the coming weeks. Bulls must sustain momentum to solidify a bullish structure, while bears are watching for signs of weakness to drive prices lower. With ETH at a pivotal juncture, the next few trading sessions could be decisive for its trajectory. Ethereum at a Crossroads: Breakout or Breakdown? Ethereum has lost over 57% of its value since mid-December, with bulls struggling to reclaim higher prices as selling pressure dominates the market. Despite occasional relief rallies, ETH has remained under key resistance levels, leaving investors uncertain about its next move. Speculation about a potential recovery and a continuation of the downtrend are colliding, as price action shows no clear direction. The $2,000 level has become the ultimate test for Ethereum. Bulls must defend this price with conviction to sustain any meaningful recovery. Losing this support could lead to a sharp decline, pushing ETH into deeper bearish territory. Jelle stated in his analysis that either ETH is about to put in a massive reclaim or it’s about to jump off a cliff. The $2,000 level is the key limit that will determine Ethereum’s next move. If bulls can maintain strength above this mark, a push toward $2,300 and beyond could follow. However, failure to hold $2,000 would signal further downside, with the next major support sitting around $1,750. Ethereum’s fate hangs in the balance, and the coming days will be crucial in deciding whether it regains bullish momentum or continues its descent. Related Reading: XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level Ethereum Battles to Hold $2,000: Key Levels to Watch Ethereum is currently trading at $1,980 after days of struggling below the crucial $2,000 mark. Bulls managed to briefly push the price above this level, but sustaining it is now the real challenge. Holding above $2,000 is critical for Ethereum’s recovery, as it would signal strength and open the door for a rally toward the $2,200 mark. The $2,200 level is the most important resistance for ETH to reclaim in order to confirm a bullish reversal. A successful break and consolidation above this point would indicate that bulls are regaining control, potentially leading to a move toward higher targets. However, if Ethereum fails to hold above $2,000, selling pressure could increase, leading to a deeper correction. A drop below this level could trigger a sharp decline, pushing ETH toward the $1,800 support zone. If this support fails, the next major liquidity level would be around $1,750, where buyers might step in to prevent further downside. Related Reading: Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst Ethereum is at a critical turning point, and the coming sessions will determine whether bulls can establish a strong foothold above $2,000 or if another wave of selling pressure will drive prices lower. Featured image from Dall-E, chart from TradingView
Ethereum has been struggling below the $2,800 mark for weeks, unable to reclaim it as support and spark a recovery rally. This critical resistance level has kept bulls at bay, leaving the price action stagnant and fueling negative sentiment in the market. Analysts call for a bearish continuation, citing Ethereum’s inability to break through key supply zones. The broader market uncertainty and the persistent selling pressure have only added to concerns, making investors increasingly cautious about Ethereum’s short-term prospects. Related Reading: Cardano Echoes 2020-2021 Pattern – Is A Parabolic Rally On The Horizon? However, not everyone is bearish. Some investors remain optimistic that Ethereum could soon enter a recovery phase. Top analyst Ali Martinez recently shared a technical analysis revealing that Ethereum might be showing signs of a potential rebound. Martinez noted that the TD Sequential indicator—a widely used tool for identifying potential trend reversals—has flashed a buy signal on the weekly chart. This indicator, known for its accuracy in pinpointing moments of trend exhaustion, suggests that Ethereum could be nearing a turning point. As Ethereum consolidates at current levels, the coming weeks will be crucial in determining its next move. Will the buy signal lead to a rally, or will bearish sentiment dominate? For now, all eyes are on the $2,800 mark and whether Ethereum can reclaim it. Ethereum Prepares For A Rebound After last week’s dramatic sell-off, Ethereum plummeted from $3,150 to $2,150 in less than two days, shaking the confidence of investors and leaving the market in turmoil. Although the price has since recovered strongly, climbing back into the $2,600–$2,700 range, Ethereum has struggled to reclaim key supply levels, keeping bearish sentiment alive. The road to recovery remains challenging, with ETH needing to break above the $3,000 mark to signal a reversal of the current bearish trend. Top analyst Ali Martinez has provided some hope for Ethereum bulls, sharing positive data on X that suggests a potential rebound may be on the horizon. According to Martinez’s technical analysis, Ethereum is showing signs of recovery as the TD Sequential indicator flashes a buy signal on the weekly chart. The TD Sequential, a well-respected tool in technical analysis, is specifically designed to identify moments of trend exhaustion and signal potential price reversals. A buy signal on the weekly chart is a particularly strong indicator, suggesting that ETH could be nearing a critical turning point. Related Reading: Avalanche Shows Signs Of Recovery As Key Indicator Flashes A Buy Signal – Details If Ethereum manages to step above the $3,000 mark and reclaim it as support, it would confirm a trend reversal and could spark a rally into higher price levels. However, until this key level is breached, uncertainty remains, and bearish pressure could still dominate. For now, the market is watching closely to see if Ethereum can capitalize on these positive signals and regain its footing. The coming weeks will be crucial in determining whether ETH can shake off its bearish trend and resume a path toward recovery. ETH Price Testing Crucial Supply Ethereum is currently trading at $2,695, consolidating after days of ranging between $2,525 and $2,795. The market remains indecisive, with both bulls and bears waiting for a breakout in either direction. Bulls face the critical challenge of reclaiming the $2,800 level as support to gain momentum and push the price toward $3,000. A move above $3,000 would confirm a recovery rally and potentially mark the beginning of a bullish phase for Ethereum. However, the current price levels are crucial to maintaining a recovery phase. Sustaining the $2,600 support level is essential for bulls to build confidence and attract more buying pressure. Losing this level could disrupt the recovery momentum and spark a deeper correction, pushing ETH into lower demand zones that could see it retest levels below $2,500. Related Reading: Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand The next few days will be pivotal for Ethereum’s short-term direction as it continues to hover near key levels. If bulls succeed in reclaiming $2,800 and pushing above $3,000, it could attract renewed interest from buyers and fuel a rally into higher supply zones. Conversely, failure to hold current levels could give bears the upper hand, leading to increased selling pressure and further price declines. For now, Ethereum remains in a critical consolidation phase. Featured image from Dall-E, chart from TradingView