According to crypto trader Daan Crypto Trades, Ethereum is once again facing a critical technical test near the $2,800 level, a price zone that has repeatedly served as a major pivot point throughout this cycle.
In a recent post, the analyst emphasized that $2,800 has acted as both support and resistance multiple times, often triggering significant price swings when broken. ETH’s current approach to this level, therefore, could be decisive for its near-term direction.
“This is the one level you want marked on your charts,” he noted. “A breakout above could open the door for a sharp move higher. Until then, it remains a strong resistance zone.”
The chart accompanying the post shows ETH testing the $2,800 region after a recovery from the $2,100 support.
Historical price action suggests that successful breaks above this zone tend to accelerate bullish momentum, while rejections have led to sharp retracements.
For now, the market remains on edge as traders await confirmation. A clean break above $2,850 could ignite a rally, but failure to hold may lead ETH back toward lower support levels.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/ethereum-faces-key-test-at-2800-resistance/