Ethereum (ETH) has recently surged over 7.5%, reclaiming a crucial resistance level and reigniting bullish momentum in the crypto market. After bouncing from a local low of $2,380, ETH climbed to $2,585—marking a two-week high—and is now trading around $2,568 with a weekly gain of 6.1%. This breakout has sparked renewed optimism among traders and analysts, many of whom believe Ethereum is setting up for a potential retest of its previous all-time highs.
The move above $2,550 is particularly significant, as this level had acted as strong resistance in recent weeks. Maintaining support above $2,520 will be essential to confirm sustained bullish momentum and avoid a return to lower ranges near $2,310.
👉 Discover how market trends can signal the next big move in Ethereum.
Ethereum Recovers Key Technical Territory
On Wednesday, Ethereum surged over 7% from its intraday low, reclaiming the psychologically important $2,550 zone. This climb from $2,380 to $2,585 not only erased prior losses but also re-established bullish control on the daily chart. Since early May, ETH has been consolidating within a broad range of $2,400 to $2,800. However, two weeks ago, it briefly lost the $2,550 support level—raising concerns about further downside.
Now, with price action recovering and stabilizing above $2,500, confidence is returning to the market. The broader crypto rally—driven in part by Bitcoin’s jump to $109,600—has contributed to improved sentiment across altcoins, especially Ethereum.
Daan, a digital asset trader, described the recent movement as a “nice move back into the local range,” but cautioned that bulls must now defend the $2,520 support zone to prevent the rally from being dismissed as mere liquidity collection within a larger consolidation phase.
For traders, failure to hold $2,520 could trigger another dip toward the lower end of the range—potentially revisiting $2,310. Conversely, sustained strength above $2,550 opens the door for a challenge at the next major resistance level: **$2,735**.
Clean Breakout Patterns Signal Strong Momentum
Market analyst Merlijn Trader highlighted that Ethereum has displayed consistent respect for key support levels throughout this cycle. He called the recent breakout “one of the cleanest we’ve seen,” pointing to a three-month ascending triangle pattern forming on ETH’s chart.
This technical formation—a bullish continuation pattern—suggests accumulation over time followed by a likely upward breakout. Merlijn noted that each time ETH dipped during this period, it found support along an upward-sloping trendline, reinforcing buyer conviction.
With momentum building and technical indicators turning positive—including higher lows and a bullish MACD crossover—many experts believe a decisive break above $2,700 could propel Ethereum toward new highs.
“Ethereum is charging. Higher lows, strong foundation, bullish MACD crossover. A clean break above $2,700… and ETH will fly. $3,000 is just the beginning. The real move comes after.”
Historical Patterns Suggest Potential Breakout
One of the most compelling arguments for a major move lies in Ethereum’s repeating price structure over past cycles. Merlijn observed that ETH appears to be replicating its two-year setup from the previous bull run—a pattern that historically precedes explosive price action.
This multi-phase setup typically unfolds in three stages:
- Accumulation: Price forms a solid base after a prolonged correction.
- Rejection & retest: Sellers fail to push lower; price retests prior lows with diminishing volume.
- Breakout: Strong buying pressure drives price into uncharted territory.
Between 2020 and 2022, Ethereum rose from around $100 to an all-time high of $4,878—an increase of nearly 4,800%. The current cycle began from a base near $1,500. While some doubted ETH’s relevance early on, much like in 2020 when it lagged Bitcoin before outperforming dramatically, history may be repeating itself.
Analyst Kaleo echoed this view, noting structural similarities between the current market phase and the last cycle. In late 2020, Bitcoin made new highs while Ethereum traded 60% below its previous peak—leading many to declare it “dead.” Yet ETH went on to rise over 800%, significantly outpacing Bitcoin’s 250% gain in the following months.
Today, Ethereum is trading approximately 68% below its ATH, while Bitcoin has already reached new highs. If past patterns hold true, this could mean Ethereum’s strongest phase is still ahead.
👉 See how historical cycles shape future price movements in leading cryptocurrencies.
Key Levels to Monitor
As Ethereum builds momentum, several critical price levels will determine the next directional move:
- Support Zone: $2,520 – Must hold to maintain bullish structure.
- Stronger Support: $2,310 – A break below $2,520 could lead to a test of this level.
- Immediate Resistance: $2,735 – Next major upside target if momentum continues.
- Breakout Target: A clean close above $2,700 could unlock rapid gains toward $3,000 and beyond.
Volume and on-chain activity will also play a key role in confirming whether this rally has lasting power or is merely a countertrend bounce.
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Frequently Asked Questions (FAQ)
Q: Why is $2,550 an important level for Ethereum?
A: $2,550 previously acted as strong resistance and was briefly lost two weeks ago. Reclaiming it signals renewed buyer interest and increases the likelihood of further upside toward $2,735.
Q: What happens if Ethereum fails to hold $2,520?
A: Losing $2,520 could indicate weak bullish conviction and may lead to a pullback toward stronger support at $2,310. This would delay any near-term breakout attempt.
Q: Is Ethereum showing signs of a major breakout?
A: Yes. Technical indicators such as higher lows, bullish MACD crossover, and a forming ascending triangle suggest accumulation and potential for a strong upward move—especially if $2,700 is breached.
Q: How does Ethereum’s current cycle compare to 2020–2022?
A: Similarities include initial underperformance relative to Bitcoin, trading below prior highs early in the cycle, and strong fundamentals building quietly. In the last cycle, ETH eventually surged over 800% after BTC made new highs—raising hopes for a repeat.
Q: What is the significance of the ascending triangle pattern?
A: An ascending triangle is a bullish continuation pattern that indicates increasing demand at higher lows. A breakout above resistance typically leads to strong upward momentum—often matching the height of the pattern when projected.
Q: Could Ethereum reach $3,000 in 2025?
A: With current momentum and technical alignment, a move toward $3,000 is plausible—especially following a confirmed breakout above $2,735. Broader market conditions and adoption trends will also influence this trajectory.
👉 Explore real-time data and tools that help predict Ethereum’s next major move.