Ethereum breaks $2,516.7, triggering a bullish rally, with buyers targeting $3,900 as demand structure stays firm.
Historical patterns confirm $2,516.7 as strong support, echoing similar bullish breakouts from 2021 and 2024.
Rising channel positions Ethereum near $3,900 resistance as volume spikes and higher weekly closes strengthen bullish momentum.
Ethereum reclaimed the crucial $2,516.7 level, triggering a fresh bullish rally after months of range-bound trading. The currency is now trading near $2,829, gaining momentum and heading towards the next resistance level of $3,900.
Ethereum's price action in recent times is a strong technical breakout from a deeply rooted support zone. After rebounding off $2,196.9 in May, the asset surged past its mid-range pivot. Buyers have responded aggressively to dips, confirming an active demand structure.
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The post above is an analysis by Rekt Capital, a very prominent analyst, who presents a bullish technical outlook. He notes that Ethereum is following a familiar pattern observed in early 2024 and mid-2021. According to Rekt Capital, both historical breakouts originated from a successful retest of the $2,500 region. This same level has now flipped into support once again. He points out the presence of higher weekly closes, strong candle bodies, and visible volume spikes. These technical signals confirm a shift in market sentiment from bearish to bullish.
The analysis shows Ethereum’s breakout from the turquoise demand zone between $1,700 and $2,200. This area served as the bottoming structure throughout early 2023 and again in 2025. Each time Ethereum tested this range, it quickly reversed upward with strong bullish follow-through. The most recent bounce from this zone in April 2025 signaled the beginning of the current rally. Ethereum now operates inside a rising channel with $3,904.3 as the next resistance test.
In Another Perspective: Pattern Repeats Support the Case for Continuation
From another perspective, Rekt Capital has presented a detailed view of Ethereum’s recurring breakout structures. He highlights that Ethereum produced a near-identical weekly candle after the $2,516.7 retest, gaining approximately 13.53%, almost mirroring the 14.35% breakout from February 2024. This repeated performance reinforces the significance of the $2,516.7 support line.
Source: Rekt Capital
Moreover, price briefly dipped into a yellow-orange box below this level before accelerating upward again. According to Rekt Capital, this range between $2,400 and $2,500 served as a buffer zone that caught short-term pullbacks before major rallies. The analyst stresses that consistent price behavior around this zone reveals strong accumulation.
Market experts further support this bullish sentiment. They believe Ethereum has exited its shakeout phase and entered an expansion cycle. With Ethereum’s market cap regaining $345 billion, analysts expect momentum to carry toward $3,000 and possibly beyond $3,900 in the coming months.
The post Ethereum Breaks $2,516: Rekt Capital Signals Rally to $3,900 Resistance appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
