Ethereum has cleared $2711 and now moves along Fibonacci zones that point to $5518 and $8036 targets.
The price structure shows ETH broke above key retracement levels after reversing from a steep drop in April.
Fibonacci lines now guide traders to monitor $3254 and $4106 for breakout confirmation before reaching higher resistance.
Ethereum has posted a sharp rebound since April 2025, now aligning with Fibonacci levels pointing to a potential $8,036.99 target. According to the chart, ETH recently rejected $2,855 but followed a steep V-shaped recovery that suggests bullish continuation.
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The price of Ethereum at the time of observation sits at $2,400.56 after a daily loss of 3.92% on May 19, 2025. However, the broader trend remains bullish. The Fibonacci expansion sequence from the lows of April maps a path to several upside levels. The 1.0 level lies at $5,518.49, the 1.272 level sits at $6,039.15, and the final 1.618 projection touches $8,036.99.
This Fibonacci setup is a common projection method in technical analysis, used to estimate future resistance targets in trend movements. The chart structure suggests a broader bullish outlook. But traders remain cautious near support at $2,285 and below $2,100. Will Ethereum maintain its upward momentum to reach the $8,000 zone, or will selling pressure return at key retracement levels?
Fibonacci Levels Outline Clear Path for ETH Rally
The recent ETH rebound started from the 0.0 Fibonacci level marked at $1,385.41 and pushed through multiple resistance levels. The price surpassed the 0.236 mark at $1,662.66, then held above the 0.382 at $2,098.16. These levels confirmed trend strength. Strong buying pressure helped Ethereum break above the 0.618 zone at $2,711.47, typically viewed as a bullish confirmation level.
Following this, ETH attempted to close above $2,855.49, the 0.786 Fibonacci retracement zone. However, it faced rejection around that mark. Still, price movement remains within the Fibonacci-defined uptrend. Traders are watching the 0.886 level at $3,039.63 for the next possible pivot. Beyond that, additional resistance lies at the 1.0 extension ($5,518.49), then at the 1.272 ($6,039.15), and ultimately the 1.618 level.
These Fibonacci levels act as psychological milestones. If price sustains above each step, upside potential remains strong in the mid-term.
Market structure continues to support the breakout. Volume trends and recent momentum both confirm buyer interest since the April turnaround. However, failure to maintain current levels may send ETH back toward the 0.5 support around $2,285, where it has reacted in the past.
Chart Pattern Mirrors Early Cycle Recovery Phase
The chart also displays a strong V-shaped bottom pattern beginning in early April. This formation marks the cycle’s major reversal point. Prior to the rebound, Ethereum had dropped for months, losing over 45% of value between January and March 2025. That downtrend found a clear base at the $1,385.41 mark. The reversal since then has followed consistent Fibonacci intervals. The V-recovery occurred as traders doubted the start of a bull market, a sentiment echoed in the public chart commentary.
Ethereum’s bounce off key levels mirrors historical cycles, where early-stage gains formed steep trajectories before gradual resistance took hold. This resemblance is reinforced by the social update noting, “the most FOMO I’ve ever seen,” referring to Ethereum’s breakout speed.
As ETH moves through Fibonacci zones, technical traders will assess price reactions to $3,254.49, $4,106.45, and eventually the $5,518.49 zone. Each of these levels could attract profit-taking, or if broken cleanly, confirm further acceleration in trend continuation toward $8,036.
