Ethereum Tests Critical Range: Breakout Or Breakdown?

Ethereum is trading at a critical juncture as broader market sentiment turns bullish. After weeks of stagnation and volatility, the second-largest cryptocurrency by market cap is attempting to solidify a bottom. Currently, ETH remains stuck in a tight range between $1,750 and $1,850a zone that could soon determine its next major move. Bulls are in control of the short-term price action, but a breakout above resistance is essential to confirm a true trend reversal. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates Top analyst Daan shared a detailed breakdown revealing that Ethereums recent reclaim of the $1,750 level marks a meaningful shift in market dynamics. According to Daan, this is the first successful retake of a former support level since Ethereum lost the $4,000 zone in December. That event was a turning point in the bear cycle, and this move could be the start of a larger reversal if momentum holds. However, he cautions that failing to push forward from here could undermine the momentum already established. With the broader market heating up, Ethereums next move will likely have implications across the altcoin space. All eyes are now on whether ETH can maintain its strength and climb above the $1,850 mark in the coming sessions. Ethereum Trapped In Key Range As Bulls Struggle To Build Momentum Ethereum is currently trading around a pivotal zone, with bulls attempting to shift the trend but failing to establish a clear breakout. Despite signs of a potential reversal, ETH remains over 55% below its December highs, underscoring the uphill battle for sustained recovery. Price action has tightened between $1,750 and $1,850, forming a compressed structure that reflects both caution and anticipation in the market. On shorter timeframes, Ethereum is beginning to show early signs of bullish structure. Higher lows have emerged, suggesting that buyers are defending key levels. However, each push higher has met resistance, as selling pressure continues to cap upside potential. The broader environment remains fragile, with macroeconomic uncertainty and volatility across markets keeping investors cautious. Daan shared a technical insight emphasizing the importance of the recent $1,750 break. According to Daan, this is the first time ETH has reclaimed a previously lost support level since falling from $4,000 last December. This signals a potential shift in market dynamics. But he warns that holding and building from this point is essential as failure to continue higher could stall the rally and erase recent progress. The $1,750 to $2,100 range is now the critical zone to monitor. A decisive break above $2,100 could trigger a broader altcoin rally, while losing $1,750 may expose ETH to deeper corrections and renewed bearish pressure. Related Reading: Cardano Whales Accumulated 410 Million ADA In April Breakout Coming? ETH Price Analysis: Breakout After Holding Key Levels Ethereum is currently trading at $1,833 and remains in a tight consolidation just below the $1,850 resistance level. As shown on the 4-hour chart, ETH has been steadily recovering since mid-April, forming higher lows while holding above both the 200-period EMA ($1,780) and SMA ($1,702). This structure suggests growing bullish momentum in the short term. The recent move above the 200 EMA and 200 SMA marks a significant shift in trend direction, as these levels previously acted as dynamic resistance throughout April. Now that ETH is trading above them, they may serve as strong support in the case of a pullback. However, price continues to face resistance near $1,850, a level that has rejected several intraday attempts to break higher. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart Reversal Or Just A Pause? If bulls manage to clear this barrier, the next key level to watch is the psychological $2,000 mark. On the downside, failure to hold $1,800 could lead to renewed selling pressure and a possible drop toward the $1,700 zone. Volume has remained relatively low, which could suggest that a larger move is imminent. Featured image from Dall-E, chart from TradingView

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Ethereum Consolidates Above $2,500 While BTC Leads the Charge Key Levels To Watch

Ethereum is gaining momentum as optimism returns to the crypto market. With Bitcoin officially entering price discovery and surging past its all-time highs, attention is turning toward ETH, which is now testing critical resistance levels. Ethereum has gained over 55% since early May, riding the wave of broader market strength and renewed investor confidence. However, despite the impressive recovery, ETH still lags behind Bitcoins pace and has yet to reclaim its 2021 highs. Related Reading: Litecoin Eyes $117.50 As Price Rebounds From Key Support Analyst Top analyst Daan shared a technical view highlighting that Ethereum has been chopping around the $2,400$2,600 zone since its explosive move earlier this month. This range-bound price action signals indecision, as buyers remain active but havent yet triggered a breakout. Daan notes that although Bitcoin is showing strong leadership with its push into new highs, Ethereums performance in this phase has been more muted. Still, the setup remains constructive for bulls. The $2,400 level has acted as solid support, while resistance above $2,800 remains the next target to clear for continuation. As Bitcoin continues to lead, ETH could be next in line to surgeif it can escape this range and follow BTCs lead into a new leg higher. All eyes are now on Ethereums next move. Ethereum Prepares For A Breakout As Altcoins Enter The Spotlight As Bitcoin surged to a new all-time high above $111K, the broader crypto market appears to be entering a fresh phase of momentum, one that could drive massive gains across altcoins. Among them, Ethereum remains in a critical position. While ETH hasnt followed BTCs breakout just yet, its holding firmly above support and showing signs of building strength. To confirm a bullish continuation, ETH needs to break decisively above resistance and lead the altcoin rally. Daan shared a technical view highlighting that ETH has been consolidating between the $2,400 and $2,600 levels since its last squeeze higher. Despite Bitcoins explosive move, Ethereum is once again lagging, a dynamic thats been reflected in a cooling ETH/BTC ratio. This underperformance has sparked debate among traders, with many waiting for ETH to catch up and drive the next altseason. Daan emphasized that the $2,500 zone has been well-defended by bulls, but ETH has yet to produce a convincing breakout. The key resistance level to watch is $2,850clearing it would mark a technical shift toward higher highs. On the flip side, if ETH falls below $2,100, it could trigger a broader pullback. For now, ETH remains range-bound but poised, with market sentiment growing more optimistic by the day. Related Reading: Solana Multi-Year Uptrend Holds Strong Analyst Sees SOL Breaking ATH This Year ETH Tests Critical Price Levels Ethereum is showing signs of renewed strength on the 4-hour chart, trading around $2,668 at the time of writing. After weeks of consolidation in the $2,400$2,600 range, ETH has pushed toward the upper boundary of this zone, hinting at a possible breakout. The recent bounce from support around $2,450 has been strong, with consecutive green candles and rising volume signaling increasing bullish momentum. The 200-period SMA and EMA, currently at $2,077 and $2,1,99 respectively, are well below the current price, confirming a bullish market structure. ETH has held above both moving averages since early May, and the current price action appears to be building up pressure for a decisive move. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest However, ETH must now break above $2,700 convincingly to confirm a breakout and signal a continuation toward higher resistance at $2,850 and beyond. This level has been tested multiple times, but sellers continue to defend it. A breakout could trigger a rapid move to $3,000, while failure to hold current levels could drag ETH back toward its previous support. Featured image from Dall-E, chart from TradingView

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Ethereum Running Out Of Time? Analyst Says New ATH May Not Come This Cycle

As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new all-time high (ATH) this cycle. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years Report Ethereum Closes April In Red Over the past week, Ethereum has attempted to reclaim the $1,800 mark, hovering between the $1,770-$1,820 price range. In the past 24 hours, the cryptocurrency has seen a 5.5% jump, breaking above the key resistance and last weeks high of $1,850. Amid this price action, ETH retested the $1,860-$1,870 range for the first time in one month, and closed April just 1.56% below in opening price. Nonetheless, Ethereums negative monthly close marked the fifth consecutive month in the red for the cryptocurrency. The king of Altcoins has been recording monthly negative returns since December, its worst-performing streak since 2018, and closed the first quarter of 2025 with a 45.4% retracement. Analyst Carl Runefelt noted this performance, noting that the good news is that historically, May is the most positive month of the year for ETH. In general, it has been one of the best-performing months for Ethereum, registering an average 27.31% increase in May. Additionally, the second quarter has been a positive period for cryptocurrency, closing Q2 in the green seven out of nine times. Despite its negative April close, Ethereum registers a mild 2.15% positive return this quarter so far, which could suggest that the cryptocurrency could continue its current performance if history repeats. Another market watcher considers that ETHs price is displaying a similar performance to Bitcoins (BTC) 2020 rally. At the time, Bitcoin consolidated at $8K Most ignored it. Then it hit $64K. According to Merlijn The Trader, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading. However, this would suggest another pullback could come before a new ATH. ETH To Skip ATH Rally This Cycle? Meanwhile, analyst Crypto Bullet offered a not-so-bullish macro perspective. According to his post, the Ethereum mid-term correction is over after taking out the August-October 2023 lows, printing a giant reversal candle, and holding the mid-line of the multi-year descending Channel. Based on this, he argues that ETHs bottom is in, and a significant mid-term bounce will likely occur in the next few months, with a first target of $2,500. Crypto Bullet noted that the surge could be either a Dead Cat bounce or the start of a new ATH rally, adding that it could be the former due to the cryptocurrencys weak performance and how advanced the cycle is. In that case, Ethereum could face a potential rejection at the $2,700-$3,000 range, but a bullish rally could start if it breaks through the $3,000 resistance and breaks out of the multi-year channel. Related Reading: Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level However, he also suggested that Ethereum could be in a bigger cycle than we all think, resembling cryptocurrencies in a one cycle behind performance. In a previous analysis, Crypto Bullet discussed the potential of ETH not hitting an ATH this cycle, noting XRPs performance in 2021. So what if ETH cycle top is in and it’s gonna print a giant Accumulation Structure (a Triangle or a Zigzag) and break out of it, say, in 2028? he questioned, concluding that investors would accumulate more energy for a breakout, and the targets would be significantly higher. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Multi-Year Consolidation Could Spark A Parabolic Move Details

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 Ethereums 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 Ethereums 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 ETHs 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 Ethereums current market structure. In his view, ETH has been consolidating for nearly four yearsa 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

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Ethereum Eyes $2.4K Retest Analyst Sets Key Levels To Watch

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, Ethereums 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 likelyand perhaps even necessarybefore 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. Hes 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. Ethereums 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 Ethereums 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 wouldnt be unusualand 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 $2.8Ka zone that could define Ethereums 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 Ethereums attempt to continue its upward momentum. Volume has declined slightly, reflecting market indecision after last weeks 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

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$1.2B In Ethereum Withdrawn From CEXs Strong Accumulation Signal

Ethereum is gaining momentum again after tagging the $2,739 level and setting a new local high, reaching prices not seen since late February. The rally marks a strong comeback for ETH, which has been under significant pressure earlier this year. Now, bulls appear firmly in control as the broader crypto market wakes up and capital flows return to altcoins. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More Analyst Analysts are calling for a potential altseason, fueled by Ethereum’s relative strength against Bitcoin and growing investor confidence. As Bitcoin consolidates near all-time highs, Ethereum has taken the opportunity to outperform, pushing up through key resistance levels with conviction. Supporting this narrative, data from Sentora (formerly IntoTheBlock) reveals that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past seven days. This sustained trend of net outflows suggests continued accumulation and reduced sell-side pressure, both strong signals for long-term bullish momentum. With price action heating up and investor sentiment shifting, Ethereum could be preparing for a major breakout. If bulls maintain control, the $3,000$3,100 region may be tested in the coming days as the next major resistance zone. All eyes are now on ETH as the altcoin market shows signs of life. Ethereum Builds Momentum As Exchange Outflows Signal Accumulation Ethereum is trading above critical levels as speculation of a sustained rally continues to grow. After weeks of sluggish movement, ETH has roared back to life, gaining over 50% in value since last week. This sharp move to the upside has reignited hopes for an altseason, with many analysts viewing Ethereums breakout as the potential trigger for broader altcoin market strength. Ethereum is now holding firmly above the $2,600 mark, a level that had acted as strong resistance for months. This breakout, coupled with increasing momentum against Bitcoin, suggests bulls are regaining control. Traders are closely watching the next major resistance zone between $2,900 and $3,100, which could serve as a key test for Ethereums uptrend. Adding to the bullish case, data from Sentora reveals that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past 7 days. This trend has intensified since early May, pointing to increased investor accumulation and reduced sell-side pressure. Large exchange outflows are often seen as a sign that holders intend to store ETH off-exchange, decreasing immediate supply and supporting upward price movement. With market sentiment turning bullish and Ethereum leading the charge, all eyes are now on whether ETH can maintain its momentum and drive the altcoin market into a new growth phase. If accumulation trends persist and bulls hold key levels, Ethereums path toward $3,100 could open the door to a broader market rally. Related Reading: XRP Open Interest Surges 41% As Speculation Grows Over $1B Added In Just One Week Price Action Details: ETH Testing Key Levels Ethereums weekly chart shows a powerful breakout after weeks of bearish pressure, with ETH now trading around $2,599.14. The recent surge pushed the price above both the 200-week EMA ($2,259.65) and the 200-week SMA ($2,451.55), two critical long-term trend indicators. Reclaiming these levels signals renewed bullish momentum and a strong shift in sentiment. The breakout candle itself is one of the largest weekly green candles in over a year, reflecting a sharp influx of buyer interest and potentially marking a key reversal point after months of downside. Notably, this move brings ETH to levels not seen since February, with the local high for the week reaching $2,739.05. Volume has increased significantly during this move, confirming the strength behind the rally. However, Ethereum now faces overhead resistance near $2,800$2,900, a zone that previously acted as support during early 2024 before the breakdown. If bulls maintain momentum and close this week above $2,600, it could open the door for a test of the $3,100 resistance zone. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years What Comes Next? On the downside, the key support to watch is around $2,450, aligned with the 200-week SMA. A failure to hold that level could invite a retest of $2,250. For now, the trend is bullish, but follow-through next week will be crucial. Featured image from Dall-E, chart from TradingView

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Ethereum Trading In No Mans Land, But Analyst Says Breakout Is A Matter Of Time

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 Whats 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 Mondays 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 weeks 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 mans 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 Ethereums 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 ETHs Next Move? Analyst VirtualBacon considers that Ethereum will continue to trade within its current price range for the time being. He explained that ETHs 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 doesnt 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. Thats 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

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Ethereum Forms A Huge Inverse Head & Shoulders $20K Target In Sight?

Ethereum is now testing critical resistance after a sharp rally that has caught the attention of analysts and traders alike. Following days of strong upward momentum, ETH has reclaimed the $1,800 mark, recovering over 18% of its value since Tuesday. This impressive rebound signals renewed confidence in the asset amid ongoing global macroeconomic uncertainty and volatility in financial markets. Related Reading: Ethereum Adds 12% In 24 Hours On-Chain Metrics Point To Modest Resistance Ahead According to top analyst Gert Van Lagen, Ethereum could be on the verge of a historic breakout. In a recent technical analysis shared on X, Van Lagen pointed to a massive 4-year inverse Head and Shoulders pattern forming on Ethereums 1-week charta classic bullish reversal signal. With both shoulders now confirmed, the chart formation is targeting a long-term price objective around the $20,000 level. This development comes as Ethereum continues to strengthen its on-chain fundamentals and recaptures investor attention. While resistance levels ahead remain challenging, the breakout above $1,800, combined with the bullish long-term setup, has positioned Ethereum as one of the most promising assets in the current cryptocurrency landscape. If market sentiment continues to shift in favor of crypto assets, ETH could be entering a powerful expansion phase with $2,000 and beyond within reach. Ethereum Gears Up For A Rally Forming A Long-Term Reversal Pattern Ethereum is currently trading 57% below its multi-year high of $4,100, and many investors feel like a full recovery is still far off. However, growing optimism is surfacing across the market as crypto assets begin to regain momentum despite heightened macroeconomic tensions and a deepening trade war between the United States and China. With equities under pressure, Ethereum and other leading cryptocurrencies appear to be carving out independent trajectoriessomething analysts view as a strong bullish sign. According to top analyst Van Lagen, Ethereum could be on the verge of a major breakout. In his recent technical analysis, Van Lagen highlights a massive 4-year inverse Head and Shoulders pattern developing on the ETH weekly chart. This classic reversal formation suggests a long-term bullish structure is in play. If confirmed, Van Lagen believes the pattern could send ETH to an ambitious $20,000 target in the next market cycle. One key factor in Van Lagens analysis is the recent shakeout of retail traders. He points to the formation of the Right Shoulder as a moment of capitulation, suggesting that many short-term holders exited their positions, clearing the way for a stronger, more sustained move upward. Related Reading: HBAR Breaks Above Massive Falling Wedge Expert Sets $0.38 Target ETH Price Tests Support After Key Reclaim Ethereum is currently trading at $1,740 after successfully reclaiming both the 4-hour 200 MA and EMA, key technical indicators that are now being tested as short-term support. This reclaim is a positive signal for bulls, suggesting that momentum is building after a strong bounce from recent lows. However, the next critical step is to push above the psychological and technical barrier at $2,000. A decisive break and daily close above the $2,000 mark would confirm a trend reversal and likely open the door for a stronger recovery rally. This level has acted as resistance multiple times over the past months, making it a significant benchmark for traders. Bulls must defend the $1,740 zone to maintain the current structure and build the case for continued upward movement. Related Reading: XRP Network Activity Jumps 67% In 24 Hours Big Move Ahead? On the flip side, if Ethereum fails to reclaim $2,000 and loses the $1,700 support zone, further downside pressure could push ETH back into consolidation territory. Such a move would signal hesitation in the market and potentially delay any meaningful breakout in the short term. For now, holding the reclaimed moving averages is essential as Ethereum attempts to solidify a base for its next move. Featured image from Dall-E, chart from TradingView

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Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600?

Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level Insights Ethereum Breakout Eyes Key Resistance On Easter Sunday, the crypto market saw a positive end-of-week after jumping 4.2%. Bitcoin (BTC) closed the week above the $85,000 barrier for the first time this month, while Ethereum surged 5.4% to attempt to reclaim the $1,600 resistance for the third time in the past seven days. ETH closed the week around the $1,640 mark before climbing to $1,658 during Mondays early hours. Amid this performance, the cryptocurrency attempted to break out of its multi-month downtrend for the first time. Crypto analyst Ted Pillows highlighted that Ethereum broke out of its descending resistance on Monday morning. According to the post, the cryptocurrency has been in a downtrend in the one-day chart since early February, retesting the trendline thrice over the past few months, but always being rejected. Its latest rejection from the descending resistance sent the cryptocurrency below the $1,700 mark, which fueled the bearish sentiment brewing toward ETH. The start-of-April retraces, driven by the ongoing tariff war between the US and China, further sent Ethereum to lower levels, hitting its two-year low below $1,400 and retesting the 2018 highs. The analyst noted that ETH could rally toward $2,000 during Aprils last leg if the cryptocurrency holds the $1,600 support, which it hasnt been able to do for most of the month. Is The ETH Bottom Close? Analyst Carl Runefelt also highlighted ETHs downtrend breakout, affirming that it might go absolutely parabolic starting from here. According to Runefelt, the resistance breakout eyes the $3,000 mark, which was lost during the February retraces. However, Ethereum has lost its short-term momentum, retracing its 24-hour gains in the past few hours. Its price dropped below the $1,600 mark into the key $1,500 support level, trading around the $1,570-$1,580 price range. This retracement could hint that ETHs recovery failed to gain strength, risking a drop to the current levels lows. However, a bounce from this zone to hold the $1,650 mark could confirm the breakout and propel the cryptocurrencys price toward $1,700-$1,800 resistance. Analyst Ali Martinez considers that ETHs new rally wont start again until it breaks through the $2,330 supply wall, where over 12.6 million addresses purchased around 68-63 million ETH. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Meanwhile, another market watcher suggested that Ethereums trading pair against Bitcoin is the only chart to look at right now. Crypto Fella affirmed that the bottom of the ETH/BTC chart is close, as it has reached its lowest level since 2020. Per the chart, the last time ETH/BTC dropped below the 0.022 mark, it hovered between the 0.016-0.022 zone for some months before bouncing toward its late-2021 high. As of this writing, Ethereum trades at $1,571, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Price Stalls In Tight Range Big Price Move Incoming?

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, Ethereums 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 stormsetting the stage for Ethereums 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 weeks 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 Ethereums 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 breakoutthough 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, Ethereums 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 levela 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

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Ethereum Breaks Out Of Descending Triangle Pattern Fakeout Or Recovery Rally?

Ethereum (ETH) has been struggling around the $2,200 level, with bulls unable to reclaim higher prices despite multiple attempts. The market sentiment remains bearish, as ETH continues to face selling pressure even after Thursdays announcement of the US Strategic Bitcoin Reserve, which many had expected to boost overall confidence in the crypto sector. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours Supply Squeeze Incoming? As ETH hovers near critical demand levels, analysts believe that the next week will be crucial in determining its short-term direction. If bulls can defend key support zones, Ethereum may have a chance to regain momentum. However, failure to hold these levels could lead to further downside pressure. Top analyst Carl Runefelt shared a technical analysis on X, highlighting that Ethereum is breaking out of a pattern that often signals a potential breakout. If ETH follows this setup, it could push into higher resistance zones and reclaim key price levels above $2,500. However, confirmation of this breakout is needed, as market volatility remains high. Ethereum Bulls Hope For A Recovery Ethereum has suffered a steep decline, losing over 50% of its value since late December, triggering fear and panic selling across the market. Once a leader in previous bull cycles, ETH is now struggling to regain momentum, leading many analysts to question whether the long-awaited altseason will happen this year. With Ethereum and most altcoins unable to reclaim bullish structures, the market remains under bearish control, keeping investors cautious. Despite the negative sentiment, there is still hope for a recovery as Ethereum approaches key technical levels that could determine its next move. Runefelt’s remarks reveal that ETH is breaking above a descending triangle pattern, a setup that often signals a trend reversal. However, confirmation is crucial, as many past breakouts have turned into fakeouts, trapping traders in further downside moves. For Ethereum to solidify a bullish breakout, it must push above and close above $2,300. This level is a key resistance zone, and flipping it into support would indicate renewed buying strength, potentially opening the door for a push toward $2,500 and higher price targets. Related Reading: Solana Consolidates In A Wide Range Big Move On The Horizon? Until this confirmation happens, Ethereum remains at risk of further declines if sellers regain control. Traders and investors are closely watching whether ETH can maintain its breakout attempt or if it will face another rejection, extending its bearish trend into the coming weeks. ETH Key Levels To Watch Ethereum is currently trading above the $2,000 support level, a crucial last line of defense for bulls hoping to see strong performance this year. Holding this level is essential, as a breakdown below $2,000 could trigger further downside, reinforcing bearish sentiment in the market. Despite this, bulls have struggled to reclaim higher prices, leaving investors frustrated with ETHs lack of momentum. Recent price action has been choppy and indecisive, with each attempt at a breakout quickly met with selling pressure. This has kept ETH stuck in a tight range, preventing a clear shift in market sentiment. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength Analyst However, a decisive reclaim of $2,300 could mark a turning point. If ETH pushes above and holds this level, it would likely open the door for a move toward $2,500, strengthening the case for a recovery rally. Until then, traders remain cautious, as Ethereums struggle to gain traction continues to weigh on the broader altcoin market. Featured image from Dall-E, chart from TradingView

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Ethereum Faces Market Turmoil, Can Bulls Defend the $2,000 Level?

Ethereum is facing heightened volatility as macroeconomic uncertainty continues to impact the broader crypto market. This turbulence has put pressure on altcoins, with Ethereum and Bitcoin both experiencing significant price swings over the past week. Investors remain cautious as they navigate uncertain market conditions, leading to fluctuations in trading volume and market sentiment. At the […]

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Ethereum Accumulation Is Almost Over Breakout Above $2,200 Could Trigger Expansion Phase

Ethereum is trading back above the key $2,000 level after spending several volatile weeks attempting to reclaim it. Since late February, ETH has dropped more than 38%, triggering widespread panic as the price broke below major support and briefly dipped under $1,800. The decline sparked fears of a prolonged downtrend, with many questioning whether Ethereum had entered a bear market. Related Reading: Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move Insights However, sentiment is beginning to shift. Investors are now looking for signs of recovery as ETH stabilizes and retests important levels. A growing number of analysts believe that the recent volatility may have been a final shakeout before a new uptrend. Top analyst Ted Pillows shared insights on X, suggesting that Ethereum may be wrapping up its “manipulation phase.” This phase typically features erratic price action designed to exhaust both bulls and bears before the market commits to a clear direction. If the phase ends soon, Ethereum could rebound significantly in the coming weeks. As ETH hovers near $2,000, the next few sessions will be crucial in determining whether bulls can maintain momentum or if further downside lies ahead. Ethereum Bulls Face A Test As Expansion Phase Looms Ethereum is showing early signs of strength as it hovers just above the critical $2,000 mark, a level that has acted as both a psychological and technical battleground for weeks. Bulls are being called into action as the broader market begins to stabilize, with ETH price action hinting at a potential recovery. However, the situation remains fragile, with uncertainty dominating sentiment and no clear trend established yet. Speculation is split between those anticipating a deeper correction and others betting on a full-scale recovery. For now, Ethereum remains range-bound, and any breakout attempt must be backed by strong conviction to shift momentum. Bulls must defend the $2,000 level and begin targeting higher resistance zones to spark confidence in a sustained uptrend. Pillows stated that Ethereum is likely exiting what he calls the manipulation phase a confusing, price movement designed to exhaust buyers and sellers. According to Pillows, this phase is nearly over, and Ethereums expansion time is about to begin. A confirmed breakout above the $2,200 level would be the catalyst for a new expansion cycle, potentially sending ETH into higher territory in the weeks ahead. Until then, price action will remain sensitive, with the next few sessions crucial in deciding Ethereums trajectory. Related Reading: Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance Analyst But Bulls Face Key Resistance Ahead Ethereum is currently trading at $2,070 after managing to reclaim the $2,000 levela crucial psychological and technical zone that had acted as resistance in recent weeks. This move marks an important step for bulls who are now trying to solidify momentum and prevent further downside. However, the real test lies ahead, as ETH must reclaim the $2,250 level to initiate a true recovery phase. The $2,250 mark aligns with previous areas of heavy trading activity and could act as the launchpad for a broader uptrend if bulls manage to flip it into support. Successfully retaking this level would likely attract fresh demand and restore investor confidence, especially after the asset shed more than 38% of its value since late February. Related Reading: Chainlink Poised For Recovery If $13 Support Holds Expert Sets Optimistic Targets Despite the short-term optimism, downside risks remain. If Ethereum fails to hold above $2,000, the market could experience renewed selling pressure, potentially pushing ETH back toward the $1,800 support level. Such a drop would reinforce bearish sentiment and delay any potential recovery rally. For now, traders are watching closely to see if Ethereum can build on its current strength and reclaim higher levels in the sessions ahead. Featured image from Dall-E, chart from TradingView

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Large Ethereum Transactions Grow As ETH Breaks Yearly Highs

Ethereum (ETH) is making headlines as it trends toward the $4,100 mark, reaching a new yearly high of $4,096. This milestone, just $3 above the previous high set in March, signals a potential resurgence for the second-largest cryptocurrency by market capitalization. The price action has caught the attention of analysts and investors, particularly as Ethereum continues to outperform expectations in a market dominated by volatility and uncertainty. Related Reading: Dogecoin About To Enter Phase Of Explosive Growth Charts Reveal Massive Breakout Key metrics from IntoTheBlock shared by analyst Ali Martinez shed light on the network’s activity, revealing a surge in large Ethereum transactions. Historically, such increases in transaction volume have been linked to significant price movements, suggesting that Ethereums current uptrend could have more room to run. These developments hint at growing interest from institutional players and high-net-worth investors, further solidifying Ethereums position as a market leader. The next few weeks promise to be pivotal as Ethereum approaches the year’s end. Will it sustain its momentum and close the year with a breakout above $4,100? Or will it face resistance and retrace? With on-chain activity and market sentiment aligning in Ethereum’s favor, all eyes are on its next move as traders and investors position themselves for what could be an exciting close to 2024. Ethereum Transactions Surge With Price Ethereum continues to dominate market discussions after pushing to new yearly highs on Friday. The cryptocurrency surged past $4,096, surpassing its previous peak set in March. This upward momentum has reignited investor interest, but Ethereum’s price isnt the only thing on the riseits network activity is booming as well. According to data by analyst Ali Martinez (IntoTheBlock), large Ethereum transactions are experiencing a significant uptick. Martinez highlights that weekly transaction volume has skyrocketed by over 300%, reaching an impressive $17.15 billion yesterday. This surge in network activity signals increased confidence among institutional players and high-net-worth investors, who often precede retail adoption during major bull runs. Such growth in transaction volume historically correlates with sustained upward price movements, suggesting Ethereums rally may not be over. As the second-largest cryptocurrency by market cap, ETH appears well-positioned to continue setting new highs if these trends persist. Despite this optimism, ETH faces a key milestone aheadits all-time high of $4,878, set in November 2021, is still 20% away. While Ethereums recent breakout has invigorated bulls, analysts caution that reaching and sustaining prices near the ATH will require significant buy-side pressure and broader market strength. Related Reading: Cardano Whales Keep Buying Price Holds Above Crucial Mark If the current trajectory holds, Ethereum could approach its ATH sooner than expected, further solidifying its status as the go-to blockchain for decentralized applications and financial innovation. For now, investors are closely monitoring Ethereums price action and network data to gauge whether this rally has the momentum to break new ground or if a pullback is imminent. ETH Pushing Above $4k  Ethereum is currently trading at $3,960, showing resilience after reaching a local high of $4,096 just two days ago. This rally has brought Ethereum back into the spotlight, with investors eyeing key levels that could dictate its next move. A weekly close above the critical $4,000 mark would signal the highest weekly close for ETH since December 2021, a major milestone for the second-largest cryptocurrency. Such a close would reinforce the bullish sentiment surrounding Ethereum, potentially attracting more buy-side pressure and setting the stage for a continued rally toward its all-time high of $4,878. On the flip side, failure to achieve a weekly close above $3,880its previous highest weekly closecould indicate waning momentum. In this scenario, Ethereum may enter a consolidation phase as traders take profits and the market digests recent gains. Consolidation below this level would likely keep ETH range-bound in the near term, with $3,880 and $4,000 acting as pivotal resistance levels. Related Reading: Dogecoin Still In Consolidation Analyst Expects $0,63 If We Get A Breakout The next few days will be crucial as ETH navigates this critical juncture. A decisive weekly close will likely determine whether Ethereum extends its current rally or pauses to consolidate, offering traders opportunities and challenges in this dynamic market. Featured image from DALL-E, chart from TradingView

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Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction

As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out from a key resistance zone. The second-largest crypto rally has fueled optimism about its targets, with some suggesting that it could mimic BTCs 2020-2021 rally. Related Reading: Bitcoin (BTC) Crashes 33% In South Korea Amid Increasing Political Turmoil Ethereum Reclaims $3,900 Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a 10% surge in the past week, moving from the $3,500 mark to the $3,900 resistance. On Wednesday, the King of Altcoins surpassed the $3,800 level for the first time in six months and continued climbing to retest the $3,900 resistance, not seen since early March. In the early hours of Thursday, ETH turned this key zone into support, briefly dipping to $3,860 before jumping back to the recently reclaimed level. As the cryptocurrency nears its yearly high of $4,093, sentiment around the tokens short-term performance has turned extremely bullish. Ethereum is retesting a massive multi-year resistance zone, which could send ETH to a new ATH. According to analyst Alex Clay, the cryptocurrency attempts to break through the Key Resistance Zone on the weekly timeframe. ETH has rested the key zone five times since 2021, facing rejection from the upper resistance at $3,950 on four occasions before. However, Ethereum broke past this level in late 2021, when it hit its all-time high (ATH) and held above it for nearly three months. The analyst noted that if the King of Altcoins successfully breaks above this level and turns it into support, it will be the next to break through and smash its ATH. Clay added that he sees no major pullback in the near time. Similarly, crypto analyst Jelle stated that if Ethereum breaks above the March high, all bets are off, suggesting that the chances of ETH taking a long consolidation period before a new ATH like BTC did were very low. ETH To Rally Toward $10,000? Jelle also noted that Ethereums current setup mimicked Bitcoins in July 2020. Per the chart, Bitcoin broke through a multi-year downtrend line by mid-2020, followed by a massive 500% 10-month rally toward the $60,000 mark in April 2021. The analyst noted that ETH breached the multi-year trendline today, like BTC in 2020, which could trigger a similar rally toward new highs in the next few months. He added that investors are in for a treat if this plays out anything similar. In another post, he highlighted that Ethereum started rallying when Bitcoin broke its ATH and entered price discovery when BTC traded nearly 100% above its previous cycle high. Related Reading: Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next? He considers that it would be surprising to see things play out similarly this time around. BTC & ETH climbing in tandem, leading to ETH entering price discovery somewhere around ±$130,000. Based on this, the analyst believes that a 150-200% rally toward the $10,000-$12,000 price range for the cryptocurrency is possible for this cycle. As of this writing, ETH is trading at $3,905, a 2.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Price Setting For a Big Move Breakout Or Downturn?

Ethereum has faced challenges in regaining its bullish momentum, leaving the altcoin trading at a pivotal level. Ethereum is at the center of attention investors who anticipate a potential rally in the coming weeks. This optimism is fueled by expectations that Ethereum’s resurgence could mark the beginning of a long-awaited Altseason, bringing widespread gains across the altcoin market. Related Reading: Bitcoin Is Forming A Symmetrical Triangle Can BTC Reclaim $100K? Top analyst Carl Runefelt recently shared a compelling technical analysis on X, highlighting Ethereum’s formation of a symmetrical triangle pattern in the 4-hour timeframe. According to Runefelt, this pattern is a classic precursor to a breakout, with a bullish target set above $3,980. Such a move would signal a strong return to upward momentum for Ethereum, reinforcing its position as a leading asset in the crypto market. Market participants closely monitor this pattern, as a confirmed breakout could catalyze a broader rally across altcoins. However, Ethereum must first conquer this critical level to solidify its bullish outlook. With the market at a crossroads, the coming weeks will be decisive for Ethereum’s trajectory and its role in sparking the next major phase of growth in the crypto market. Ethereum Prepares For A Rally  Ethereum has reclaimed the $3,000 mark, maintaining a strong position after weeks of consolidation. Currently, ETH is trading within a tight range, capped by resistance at $3,550. This critical zone has captured the attention of analysts and investors eager for Ethereum to break out and surpass its yearly highs, signaling renewed bullish momentum. Top analyst Carl Runefelt recently shared a detailed technical analysis on X, emphasizing the symmetrical triangle pattern forming on Ethereum’s 4-hour timeframe. According to Runefelt, this pattern suggests a high probability of a significant price move, though the direction remains uncertain. He forecasts a bullish target of $3,980 if ETH breaks upward from the triangle. This level would reaffirm Ethereums strength and likely inspire confidence among market participants. Conversely, if the pattern breaks downward, Runefelt predicts a retracement to $2,920, marking a critical test of Ethereum’s ability to hold key support levels. Related Reading: Solana Sees Consistent Capital Inflows Since 2023 Liquidity Influx Signals Growth The upcoming days are expected to be pivotal for Ethereum as this symmetrical triangle nears its resolution. Whether ETH surges past resistance or dips to retest support, the outcome will have significant implications for its short-term direction and long-term outlook. Investors are closely monitoring these movements, awaiting signals of Ethereums next big move. Price Action: Keeping An Eye On Key Demand  Ethereum is trading at $3,360, showing resilience after consolidating above the critical $3,300 support level. This zone remains a key threshold for bulls aiming to maintain momentum and push prices higher. Holding above $3,300 is essential, as a breach of this level could trigger a deeper correction, potentially retesting lower support zones and dampening bullish sentiment. On the flip side, if ETH establishes a solid base above $3,350, it could pave the way for a swift recovery. A push beyond the $3,550 resistance mark would likely reignite bullish momentum, setting Ethereum up to challenge its yearly highs. This level represents a significant psychological and technical milestone, and reclaiming it would signal strength in the market. Related Reading: XRP Whales Keep Buying Data Reveals Smart Money Prepares For A Rally Ethereum’s ability to hold or break these levels will determine its short-term trajectory. Analysts are optimistic that a rally above $3,550 could lead to rapid price gains. Reflecting renewed confidence in Ethereum’s broader market performance. For now, ETHs consolidation above $3,300 signals cautious optimism, with the potential for an explosive move in either direction depending on how these levels are defended or broken. Featured image from Dall-E, chart from TradingView

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Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance

Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestoneyearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereums price action has built a solid foundation for further growth. According to Runefelt, Ethereum is poised for a substantial rally once it breaks above key resistance levels, signaling increased confidence among traders and investors. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million Local Top Or Continuation? This bullish sentiment is further fueled by Ethereums consistent on-chain activity and growing institutional interest, which continue to support its upward trajectory. However, breaking past $4,000 will require Ethereum to overcome resistance zones that have historically triggered pullbacks. As ETH consolidates gains, market participants are watching closely for signs of the next breakout, which could set the tone for the remainder of the year. Ethereums recent strength underscores its role as a market leader and a bellwether for broader cryptocurrency trends. Ethereum Testing Crucial Supply Ethereum is testing a crucial supply zone just below the $3,500 level, a key resistance that could propel the cryptocurrency to yearly highs in the coming days. This level has become a focal point for traders and investors, as breaking it would likely signal a bullish continuation of Ethereums recent momentum. Top analyst Carl Runefelt recently shared his insights on X, emphasizing the significance of this resistance. According to his technical analysis, once Ethereum breaks through the $3,500 barrier, it could rapidly climb to $3,700, potentially within hours. The market sentiment surrounding Ethereum remains optimistic, with surging demand as a catalyst for further price gains. Ethereums strength at this critical level is also reigniting speculation about a possible Altseason. If ETH continues its upward trajectory and attracts more capital, it could pave the way for other altcoins to follow suit. Historically, Ethereum’s price action has been a leading indicator for broader market movements, and this time appears no different. Related Reading: Bitcoin Rally Benefits From US Buyers Coinbase Premium Gap Reveals Strong Demand As ETH approaches this pivotal moment, all eyes are on its ability to maintain upward momentum. A strong push past $3,500 would confirm the bullish structure and set the stage for Ethereum to dominate market narratives in the weeks ahead. Key Levels To Watch Ethereum is trading at $3,470, hovering below the crucial $3,500 resistance level. This local high has become a key area of focus for traders and analysts, as breaking above it could set the stage for a significant rally. If Ethereum manages to push through this resistance with strength, it could trigger a breakout that propels the price toward $3,900 within days. However, the market remains cautious about the potential risks associated with this pivotal moment. A failed breakout at the $3,500 mark could lead to sideways consolidation as Ethereum seeks stronger buying pressure to resume its upward momentum. In a more bearish scenario, a substantial correction could occur, driving ETH back to lower levels to establish a more solid base of support. Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs? The current price action highlights the importance of this resistance zone. A clean break above $3,500 would likely confirm Ethereum’s bullish structure and reinforce confidence in a continued uptrend.  On the other hand, any hesitation or rejection at this level could signal the need for further consolidation before the next major move. As ETH approaches this critical juncture, the market is closely watching to determine its next direction and the potential implications for the broader crypto landscape. Featured image from Dall-E, chart from TradingView

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Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200

Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level. Some market watchers believe ETH is about to move toward Q1 highs and kickstart the altseason. Related Reading: Crypto Communitys Revenge: Solana Memecoin Rug-Pulled By Gen Z Trader Hits $80 Million Market Cap Ethereum Retests Key Support Level Ethereum has been heavily criticized for its performance against Bitcoin (BTC), with investors worrying that ETH might not run to new highs this cycle. ETHs price action has moved sideways while the flagship crypto continues its price discovery mode. On Thursday morning, BTC neared the $100,000 mark after hitting its latest all-time high (ATH) above $98,000, while ETH continued hovering in the mid-zone of its $3,000-$3,200 one-week price range. However, Ethereum has seen a remarkable 5% pump to trade above the $3,200 mark for the past hour. The second-largest crypto rose above $3,200 a week ago for the first time in over three months, hitting the $3,400 mark before retracing 5%. Over the past week, ETH attempted to reclaim the $3,200 resistance as support but failed twice to achieve it. Today, the cryptocurrencys jump has propelled its price past the key resistance toward the mid-range of the $3,300 zone, reigniting a bullish sentiment toward Ethereum. Analyst Crypto Yapper asserted that the $3,200 is the next big breakout for Ethereum, as it has been a major rejection point for the last week. The analyst highlighted that after ETHs consolidation, the next move was a retest of this level, which could see the crypto breakout toward the $3,500 mark if successfully reclaimed. However, failing to turn this resistance into support could likely see ETHs price lose the $3,000-$3,100 support and move toward the $2,600 level, a major resistance before this months breakout, before attempting to reach $3,500. ETHs Breakout To Kickstart The Altseason Crypto analyst Rekt Capital noted that ETH is breaking out of a short-term bull flag today. Per the post, the King of altcoins broke out of a three-week bull flag formation after surpassing $3,200. A confirmation of the breakout would see ETH revisit the $3,700 above, forecasted the analyst. Similarly, crypto analyst Zayk pointed out that the cryptocurrency displayed a two-week bullish pennant formation in the 4H timeframe. A successful breakout from the bullish pattern above the $3,200 mark could target a 15% rally to $3,700. Related Reading: Aptos Following SUIs Lead? Analyst Says APTs Explosive Breakout Targets $20 Crypto trader Daan stated that investors should wait to see if Ethereums current momentum sustains. However, he considers that the next impulse for ETH/BTC is likely to have some legs and go for some proper relief. This run could see the ETH/BTC trading pair move back toward the 0.04 mark, which it traded at two weeks ago. This move would display a 20% surge from the current levels, which should absolutely send the overall altcoin market and bring BTC Dominance down a decent amount. As of this writing, the ETH’s price holds above $3,350, trading 2% below last weeks high. Featured Image from Unsplash.com, Chart from TradingView.com

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Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation

Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETHs recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its [...]

The post Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation appeared first on Crypto Breaking News.

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Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs

Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereums on-chain activity.  Key data from IntoTheBlock reveals that transaction volume on Ethereums mainnet has reached its highest levels since July, a bullish signal highlighting renewed interest and activity in the network. This surge in volume is often seen as confirmation of a breakout, aligning with expectations from investors who have anticipated a strong rally toward Ethereums yearly highs.  Related Reading: Avalanche Nears Breakout Top Analyst Sets $420 Target For AVAX This Cycle With momentum building, ETH now stands at a pivotal point: if it can maintain strength above these new levels, the stage may be set for further upside as the broader crypto market rallies alongside Bitcoin.  The next few days will be crucial for Ethereum as traders watch to see if the bullish sentiment can sustain and propel ETH higher into new price territory. Ethereum Bullish Trend Begins Ethereum has entered a new bullish phase after eight months of consistent selling pressure and significant accumulation by smart money. Following a long period of subdued price action, ETH is finally rising, signaling a trend reversal many analysts and investors eagerly awaited.  Data shared by IntoTheBlock on X shows that Ethereums mainnet transaction volume has surged significantly, with nearly $60 billion settled over the past weekthe highest level since July. This spike in volume is a clear indicator of renewed market interest, and it suggests that more investors are actively trading and accumulating ETH.  When transaction volumes rise alongside price increases, it often signals healthy demand and strong market confidence, supporting the likelihood of a sustained bullish trend. Related Reading: Cardano Skyrockets Over 40% Funding Rate Suggests Further Upside The next few months are expected to be volatile as speculative interest and trading activity heat up, with many traders positioning for substantial gains. Despite the anticipated price swings, analysts agree that Ethereums next major target is its yearly high of $4,000. Breaking this level would confirm Ethereums bullish momentum and set the stage for potential new all-time highs, aligning with the broader market’s optimism. ETH Consolidates Above $3,000  Ethereum is trading at $3,180, following a recent push to a local high of $3,250. After a strong weekend rally, the price paused, hinting at the need for consolidation before another potential breakout. This period of sideways movement could be essential for ETH to establish support and prepare for further upside, as it allows buyers to gather momentum while absorbing any short-term selling pressure. Key technical levels show that bullish sentiment is likely to strengthen if ETH maintains its position above $2,950, aligned with the 200-day moving average (MA). Holding this critical support level would signal buyers remain in control, setting up ETH for a potential rally toward $3,500 soon.  However, its also possible that ETH could take a few days to build up the momentum needed for its next substantial move as investors assess the recent rally and consider upcoming catalysts. Related Reading: Bitcoin ETFs See Historic Surge Institutions Go Bullish On BTC With $1.38 Billion Record Inflows In the meantime, the market appears optimistic, with analysts noting that maintaining levels above the 200-day MA is crucial for confirming the long-term bullish trend. ETHs consolidation phase could be the foundation for continuing its upward trajectory. Featured image from Dall-E, chart from TradingView

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