Massive Comeback Above Key Support

Ethereum has returned above the level of $ 2,500 after a huge increase that launched the feeling of the market almost during the night. After months of intense sales pressure that began at the end of December 2024, ETH spent most of the first quarter to fight to earn traction. However, the powerful manifestation of last week – a gain of 80% in less than a month – has moved the tone to the market, rekindling optimism and preparing the foundations for what could be the beginning of a wider recovery of Altcoin.

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The high -level analyst Jelle shared a technical analysis noting that while the Ethereum breakout is impressive, the asset still has “a lot of work to do”. Eth is now testing a key supply area that has previously marked significant resistance. It remains to be seen if the bulls can push through this area or face temporary refusal. However, the entity and speed of this recovery suggest that Ethereum may have completed a capitulation fund and is being built towards a more sustainable trend.

For now, the recovery of $ 2,500 is a significant psychological and technical milestone. With the turning point of the moment and the largest market construction, the action of Ethereum prices in the next few days could help to define the trajectory for the entire Altcoin sector in the second quarter.

Ethereum Test The key resistance after an explosive weekly increase

Ethereum has increased by over 44% less than a week, claiming the main levels of resistance with strength and changing feeling abruptly from downward to bullish. After months of submarine, Eth is now guiding the accusation in what many analysts believe could be the beginning of a long -awaited Altseason. The largest market is showing signs of renewed momentum, but Ethereum’s breakout is particularly significant as it often reports the rotation of capital in Altcoin.

The Eth event brought it from levels less than $ 1,800 to just over $ 2,500, breaking through the key resistance areas that had been held since January. Now, the price is testing a crucial supply area between $ 2,600 and $ 2,800, a region that previously acted as a high level of distribution and main refusal. A successful break above this level could open the door for a passage to $ 3,000 and beyond.

Jelle highlighted the scope of Ethereum’s return, observing that this “massive rebound” came after the market had widely declared dead. The prices are now firmly above the critical support and the recovery of $ 2,500 is a large technical milestone. However, as Jelle points out, there is a lot of work before confirming a full recovery.

While the short -term moment is clearly bullish, Ethereum must consolidate and build a structure above this resistance to establish a tendency to sustainable rise. If this happens, the narrative for Altseason becomes significantly stronger, especially after years of DrawDown throughout the sector. The next few days will be the key since Ethereum will test the higher end of this range of resistance and gives the tone for the altcoin who head towards the summer.

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Eth $ 2,600 Resistance test as the momentum accumulates

Ethereum is exchanged at $ 2,570 after an explosive rally that pushed the price from less than $ 1,800 to a new local maximum at $ 2,625 in a few sessions. The graph shows a clear vertical breakout, led by the increase in the volume and the recovery of the main mobile averages. Eth has now decidedly broke above its 200 days (currently close to $ 2,436) and is testing the SMA of 200 days of about $ 2,701, an area that represents a significant supply area.

The steep corner of ascent suggests a strong bullish moment, but the price is approaching a confluence of key resistance. Historically, the $ 2,600 and $ 2,800 interval acted both as a support and resistance, which means that bulls must consolidate over $ 2,500 to support the rise in the rise.

This move also follows months of consolidation and a long period of submarine. After a drop of 66% from the maximum of December, the current Ethereum rally reports a potential reversal to the trend. If the bulls maintain this pressure and break over the SMA 200, it could trigger a rapid continuation to $ 3,000 and beyond.

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However, the volume should remain high and volatility is expected since sellers can intervene at these levels. A short -term Pullback would not invalidate the trend, but the failure to comply with $ 2,500 could block the momentum.

First floor image from Dall-E, TradingView chart