After months of bearish sentiment and declarations that “ETH is dead,” Ethereum is staging a strong comeback.
Analysts are noting critical technical developments that suggest the asset may be primed for a new leg upward—if it can hold key levels and break through overhead resistance.
Reclaiming the Range
According to Titan of Crypto, Ethereum has re-entered a long-standing trading range that previously defined its 2023–2024 price action. After briefly deviating below this range—triggering panic, capitulation, and social media despair—ETH has now reclaimed the structure. The chart also highlights a bullish MACD cross on the weekly timeframe, further reinforcing a shift in momentum.
“Many had already called it dead. But #ETH is back inside the range,” Titan wrote, alongside a meme-laced chart capturing the emotional rollercoaster.
Resistance Ahead, Support Below
Michael van de Poppe’s chart provides a more granular view of price structure. ETH is currently trading around $2,600, facing a key resistance zone between $2,600 and $2,800—a level that must be cleared to confirm a new high for the year.
If ETH fails to break out, the chart outlines a higher timeframe support zone between $2,111 and $2,233, which could serve as a strong base for accumulation.
Conclusion
Ethereum’s recent move has silenced some doubters, but the coming weeks will be crucial. If bulls can push ETH convincingly above $2,800, analysts may begin targeting the $3,000–$3,500 range next. Until then, the market remains at a critical inflection point—with both upside opportunity and downside risk in play.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/what-to-expect-for-ethereum-top-crypto-analysts-weigh-in/