#ETHCrossed2500

Ethereum (ETH) has recently experienced intense selling pressure, with prices briefly falling below the limit of US$ 2.000. However, recent analyses suggest that the price of Ethereum (ETH) may undergo a significant rise, with the potential to reach US$ 2.500 in the near future.

Recovery of the price of Ethereum (ETH) after a sharp decline

Ethereum (ETH) has gone through many ups and downs since the beginning of March, with the price consistently falling until it hit rock bottom at US$ 1.750 on March 11. This point was the lowest since November 2023. However, after hitting the bottom, Ethereum (ETH) began to show signs of recovery and has now returned to around US$ 1.900.

After falling to US$ 1.750, Ethereum (ETH) is showing signs of recovery and has now returned to around US$ 1.900. This price increase brings Ethereum (ETH) back to the descending resistance trend line, which previously served as a barrier to the upward price movement during the last downtrend.

A TradingView analyst highlighted that Ethereum (ETH) is testing a critical resistance that, if successfully broken, could open up opportunities for a significant rise above US$ 2.000. According to the analysis, a breakout above US$ 1.885 could be an ideal entry point.

If Ethereum (ETH) manages to break through the resistance, analysts estimate that the potential price target could be US$ 2.596. However, if the bearish momentum is too strong and Ethereum (ETH) is rejected again at the resistance trend line, it is advisable to place a stop loss at US$ 1.700 to manage risk while aiming for substantial gains.

Although the overall market sentiment remains bearish, there is still optimism among some analysts and investors who believe that Ethereum (ETH) will soon return to an upward trajectory.