Ethereum (ETH) is once again catching the eye of traders and analysts as it flashes strong bullish signals amid a broader market recovery. With price climbing above key psychological levels and network activity rising, ETH might be gearing up for a major move, but technical resistance zones still stand in the way. So, will Ethereum finally break through and reclaim higher ground?

🔍 Technical Patterns Suggest Strength

Over the past week, ETH has traded within the $2,800–$3,000 range, forming a classic ascending triangle, a pattern typically seen before bullish breakouts. Analysts say the next resistance lies at $3,150, and a decisive move above it could trigger a surge to $3,600 or even $4,000, a level not seen since early 2022.

Crypto strategist Michael van de Poppe believes that ETH is showing resilience:

"Ethereum’s structure is solid. If Bitcoin stabilizes, ETH will likely outperform and lead the altcoin market."

📈 On-Chain Metrics Turn Bullish

Beyond price charts, Ethereum’s fundamentals are looking strong. Network fees are climbing, DeFi TVL is increasing, and ETH staking continues to hit new all-time highs. These indicators reflect growing confidence in Ethereum’s long-term utility and institutional appeal.

Data from Glassnode shows that the number of wallets holding more than 10 ETH has steadily increased, a signal that whales might be preparing for an extended rally.

🔥 Upcoming Catalysts to Watch

Several key events may push ETH forward:

  • Dencun upgrade impact still unfolding

  • ETF speculation in Q3 2025

  • Growing interest in restaking and L2s like Base and Optimism

These elements could amplify bullish momentum if Ethereum can conquer its technical hurdles first.

✅ Conclusion

Ethereum’s recent price action and improving fundamentals suggest a bullish scenario may be brewing. However, investors should keep an eye on resistance near $3,150 and $3,600. If ETH breaks through these barriers, it could signal the start of a new altcoin rally, with Ethereum leading the charge.

⚠️ Disclaimer

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.