$ETH "ETHEREUM REGAINS CONTROL AS BUYERS RETURN TO THE MARKET"

- Before the Fed's decision on interest rates and following the update from Pectra, Ethereum (ETH) has emerged from its prolonged sideways price range into a new bullish phase. According to analyst Michaël van de Poppe, the resurgence of ETH above the range of $1,740 – $1,837 indicates that buyers are re-entering the market. This recovery points to a possible test of the critical resistance level of $2,105. Conversely, an outflow of $17.9 million from Fidelity's Ethereum ETF today could exert short-term pressure on the price.

Ethereum Aims for $2,100

The strong rebound of Ethereum from its April lows has boosted market sentiment. The range of $1,740 – $1,837 was previously a support line defended by buyers. The quick rebound of ETH after falling below this range demonstrates that the bulls still have control. If investor confidence is restored at this level, the next move is likely to be upward.

Ethereum ETH

The highlighted technical target on the charts clusters around the band of $2,105. Historically, this has been a resistance level for Ethereum during past rallies. A clear breakout above this level could ignite a broader bullish momentum. If the bulls achieve this target, the price could head toward much higher levels.