This week, ETH has finally reclaimed $2600, marking the first time it has held this key support level since February! Many analysts are optimistic about the subsequent trend, believing it may continue upwards, targeting higher ranges 🚀
🧱 Is Ethereum replicating the rhythm from the beginning of the year?
After breaking through $2600, Ethereum has been holding this position for the past two days, even attempting to challenge $2700!
After dropping below $2000 at the beginning of the month, it has been oscillating between $2400 and $2600. Although it briefly touched $2738 on May 10, it couldn't maintain that level.
However, the rebound in the past few days has finally allowed ETH to break through the previous consolidation range!
Now, it is gathering momentum to attempt to end the "sideways tug-of-war" and start a new round of rebound 🔥
📊 What do technical analysts think?
🔹 Titan: ETH has just broken a "bullish flag" that lasted for two weeks, reaching a high of $2788. If the trend confirms, the target is straight towards $3800!
🔹 Jelle: Currently, ETH is still "rising as planned" and is about to challenge the resistance level around $2850. If it breaks through, the next stop could very well be $3000 or even higher!
🔹 Rekt Capital: ETH has recently returned to the large range of $2220～$3900 and has successfully tested key points multiple times. This trend is very similar to early 2024!
He said: "After ETH last broke through $2486, it surged 50% within four weeks. This time the pace is slower, but the route is the same!"
💪 ETH vs BTC: Is Ethereum really going to take the lead this time?
Analyst Ted Pillows states that the strength of ETH relative to BTC is becoming increasingly apparent, especially:
✅ The ETH/BTC trading pair is strengthening
✅ Weekly MACD shows a bullish crossover
✅ The long-term trend line has been reclaimed
He even declared: "Ethereum may soon charge directly towards $4000!"
💬 What do community analysts think?
📌 Merlijn The Trader reminds everyone to pay attention:
Ethereum has shown a familiar rhythm after the "golden crossover" ~
He said: Last November, ETH also had a similar setup, and it surged directly on the 11th day!
"This time? The rally has already begun, and we are progressing as planned." 💥
📌 Summary:
🟢 Current price of Ethereum: around $2616
📈 Monthly increase: about 44.7%
✨ Key support: $2600
🔥 Key resistance: $2850, $3000, $3800
⚔️ Both technical and sentiment indicators are strengthening!
In summary: ETH's current wave is indeed impressive; it feels like a loss not to take a look! The next stop, is it heading towards $3K+, let's wait and see! 👀🚀
📌 Reminder: The above is a sharing of viewpoints and does not constitute investment advice, DYOR (Do Your Own Research)!
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