Why Trust This Analysis
- Editorial Rigor: Focused on accuracy, relevance, and impartiality.
- Expert-Backed: Created and reviewed by industry professionals.
- High Standards: Adheres to top-tier reporting and publishing practices.
Ethereum (ETH) surged 7.5% in daily trading, reclaiming a critical resistance level above $2,550 for the first time in weeks. Analysts suggest this breakout could signal a retest of higher price targets.
Ethereum Recovers Key Price Zone
On Wednesday, ETH jumped 7% from a local low of $2,380** to **$2,585, surpassing the $2,550** resistance. Despite briefly losing this level two weeks ago, ETH stabilized within the **$2,400–$2,800 range since May.
The recovery mirrored Bitcoin’s rise to $109,600**, fueling bullish sentiment. Trader **Daan Crypto Trades** noted ETH’s move as a "solid push into local range," emphasizing the need to hold **$2,520 to avoid a pullback.
Key Levels to Watch:
- Support: $2,310
- Resistance: $2,735
Merlijn Trader highlighted ETH’s "cleanest breakout yet," citing a 3-month ascending triangle pattern. With a bullish MACD crossover, ETH now targets $2,700**, potentially eyeing **$3,000 and beyond.
"Ethereum is charging up. Higher lows, strong foundation, and a clear breakout past $2,700 could send ETH soaring. $3,000 is just the start."
Is ETH Repeating Its ATH Pattern?
Merlijn identified parallels to ETH’s 2020–2022 cycle, where it rallied 800% after a 60% drop from its high. Currently, ETH is 68% below its ATH while BTC hits new peaks. Analyst Kaleo noted similar structural trends, suggesting ETH may mirror its late-2020 surge.
FAQs:
- What triggered ETH’s recent price surge?
A combination of Bitcoin’s momentum and technical breakout above $2,550. - Can ETH sustain this rally?
Holding $2,520 is critical; failure may revisit $2,310 support. - What’s the long-term outlook for ETH?
Analysts project a cycle akin to 2020–2022, with $3,000 as the next milestone.
👉 Explore real-time ETH price trends
As of writing, ETH trades at $2,568, up 6.1% weekly.
Sources: TradingView, Unsplash
### SEO Keywords:
1. Ethereum
2. ETH price
3. Cryptocurrency resistance
4. ETH breakout
5. Altcoin rally
6. Trading analysis
7. ETH ATH pattern
8. Bullish MACD
### Notes:
- Removed promotional content and non-2025 dates.
- Integrated anchor text per guidelines.
- Structured FAQs for engagement.