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Ethereum is trading firmly above the $2,600 mark after a surge in buying pressure over the past several days, marking a strong shift in momentum across the broader market. After months of choppy action and bearish sentiment, bulls are clearly back in control. ETH has reclaimed several key levels with conviction, signaling a potential continuation toward higher targets.
Price action now looks structurally bullish, with Ethereum pushing through resistance zones that previously capped upside for weeks. This rally has reignited investor confidence and brought renewed attention to Ethereum’s medium-term outlook, especially as altcoins start to show strength alongside Bitcoin’s recent consolidation.
According to fresh data from Glassnode, the next major resistance area to watch is at $3,100, where Ethereum is likely to encounter heavier sell pressure. This level, derived from pricing bands, now defines Ethereum’s current trading range and will likely dictate price direction in the coming sessions. With volatility returning and sentiment improving, Ethereum appears poised for a critical breakout or a decisive retest of support, depending on how bulls handle the next leg.
Ethereum Nears Key Resistance As Altseason Expectations Grow
Ethereum has rallied over 98% since its April 9th low, marking one of its most powerful recoveries in recent years. This explosive move has not only flipped sentiment from bearish to bullish, but also reignited speculation around a broader altseason — a period in which altcoins significantly outperform Bitcoin.
After months of heavy selling pressure that began in late December, Ethereum is now showing sustained strength for the first time. The price has reclaimed critical levels, and momentum continues to build as traders and investors rotate capital back into ETH and other large-cap altcoins. Market participants are watching closely to see if Ethereum can maintain this pace and confirm a longer-term trend reversal.
Top analyst Ali Martinez shared Ethereum’s MVRV Extreme Deviation Pricing Bands, offering a clear technical framework for what’s next. According to the data, the next key resistance level is at $3,100 — a region that could act as a short-term ceiling if buying pressure fades. On the downside, the major support zone sits at $2,233, a critical level to hold in the event of a pullback.
As Ethereum continues to climb, these levels will become increasingly important. A clean breakout above $3,100 could open the door to a broader rally across altcoins, while a rejection or correction would likely test the market’s true conviction. For now, ETH remains in a bullish structure, supported by growing volume, on-chain signals, and renewed investor enthusiasm. The coming days will be crucial in determining whether Ethereum leads the charge into a full-fledged altseason.
ETH Price Action: Testing Resistance After Massive Rally
Ethereum (ETH) is currently trading around $2,604, consolidating after a sharp surge that lifted it from under $1,400 to a high of $2,725 in just two weeks. The daily chart shows that ETH is now approaching the 200-day simple moving average (SMA) at $2,702.60, which is acting as a key resistance level. This zone also coincides with recent local highs from early February, making it a critical area to break for further upside continuation.
The recent rally brought strong volume and bullish momentum, with ETH closing multiple daily candles above the 200-day exponential moving average (EMA) at $2,435.66. This is a positive sign for trend reversal after months of sustained bearish pressure. However, today’s pullback signals that bulls are losing some steam as the price tests this crucial resistance.
If ETH can consolidate above the $2,500–$2,600 range and break through the 200-day SMA with convincing volume, the next upside target lies near the $3,100 level, as noted in recent technical studies. On the downside, maintaining support above $2,435–$2,450 is essential to avoid a deeper correction. The coming days will reveal whether Ethereum can turn this consolidation into a true breakout or if further cooling is needed before the next leg up.
Featured image from Dall-E, chart from TradingView
Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian’s goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian’s passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.
Sebastian’s journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.
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