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Ethereum is holding strong above the $2,500 level, showing resilience as the broader crypto market undergoes a healthy pullback. Despite recent volatility, ETH continues to trade within a bullish structure, fueling optimism that it could lead the next leg of the market’s rally. Analysts are closely watching Ethereum’s price action, calling for a potential breakout that might set the tone for an anticipated altseason.
Top analyst Ted Pillows shared key insights, noting that Ethereum is down just 10% from its local highs, yet up nearly 50% this month alone. This strong monthly performance is a clear indication that Ethereum remains in an uptrend, even as short-term corrections occur. According to Pillows, this kind of price behavior—holding steady while the market resets—often precedes aggressive moves, particularly if Ethereum can reclaim higher resistance levels in the coming days.
With Bitcoin consolidating below its all-time highs and market participants eyeing renewed capital rotation into altcoins, Ethereum is well-positioned to act as a catalyst. A decisive move above $2,700 could validate the bullish outlook and trigger broader momentum across the altcoin market. For now, Ethereum’s relative strength continues to stand out amid market uncertainty.
Ethereum Uptrend Holds Firm Despite Global Tensions
Ethereum is facing a pivotal test as it continues to trade within a tight range since May 10th, hovering between key support and resistance zones. While macroeconomic uncertainty weighs heavily on traditional markets—driven by rising US Treasury yields and geopolitical tensions—Ethereum has shown impressive resilience. Bulls remain confident that ETH has room to push higher, supported by strong fundamentals and improving investor sentiment.
Pillows highlights that despite a recent 10% pullback from local highs, Ethereum is still up nearly 50% this month. This sharp monthly gain clearly indicates that ETH remains in a strong uptrend, even as volatility tests short-term conviction. The fact that ETH has maintained higher lows throughout this range-bound structure reinforces the idea of accumulation, not distribution.
Beyond price action, on-chain and institutional signals point toward sustained demand. ETF inflows for Ethereum have begun to pick up, albeit at a slower pace than Bitcoin’s. However, due to Ethereum’s smaller market cap, these flows have a more pronounced impact. Additionally, multiple firms are reportedly raising over $1 billion to acquire ETH, signaling long-term confidence in the asset’s role in the evolving digital economy.
Pillows sees the stage set for Ethereum’s next major leg up. If the $2,700–$2,850 resistance zone is broken with conviction, it could trigger a strong rally that positions ETH as a leader in a potential altseason. For now, Ethereum’s steady hand in turbulent times is a bullish signal in itself.
Ethereum Weekly Chart Holds Firm
Ethereum is showing resilience on the weekly chart, trading at $2,509 after reaching a high of $2,789 earlier in the week. While the price has pulled back slightly, it remains firmly above the 200-week SMA ($2,452) and the 34-week EMA ($2,498), which is a strong sign of underlying bullish structure. This area is now acting as solid support after ETH’s 50% rally off the April lows.
What’s technically notable is that ETH is challenging the underside of the 100-week and 50-week SMAs, both of which have previously acted as resistance throughout this cycle. A close above $2,725 would mark a significant shift in trend, confirming bullish continuation and opening the door for a test of the $3,000–$3,200 zone.
Volume has slightly decreased from the breakout candle three weeks ago, suggesting consolidation rather than weakness. Bulls want to see ETH reclaim the $2,725 level with conviction to spark momentum. Until then, the current structure favors a slow grind higher unless macro volatility accelerates.
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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