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Ethereum is traded at critical levels after breaking past the $ 2500 mark earlier this quarter, and is now trying to recover and squeeze into higher resistance. Despite global macroeconomic pressure – including rising American state exchange and sustained trade voltage between the US and China – it continues to show resilience. Market analysts believe that Ethereum can lead the fee to a long -awaited altar season, provided it has key levels and breaks over the current range.
Top analyst Ted pillows recently pointed to a convincing technical pattern: Ethereum has now posted four consecutive two weeks green light, a formation that reflects Bitcoin’s price structure in early 2020 after the march. That period marked the beginning of Bitcoin’s legendary bull driving to $ 69,000.
According to pillows, the similarities between BTC 2020 and ETH 2025 are “just mind blowing”, which gives renewed interest from traders who sees Ethereum’s current consolidation as a hooked continuation. When the investor’s feeling is slowly recovering and techniques become favorable, the market looks carefully. If the story is any guide this consolidation may mark the calm before Ethereum’s next big leg higher. But macroishes still remain, and the time will be critical.
Ethereum Resilience Sparks Hopes of 2020-like rally
Ethereum holds strongly over the $ 2,600 level and shows resilience among global macro uncertainty and volatile market conditions. This consolidation on key support has many investors and analysts who expect a breakout that can lead Ethereum to a new rally phase, which potentially triggers a wider altar season. Despite growing concerns about systemic risk in the bond market and geopolitical tensions between the US and China, Ethereum continues to attract buyers and signals confidence in its long -term strength.
Analysts look closely at this range. Many people believe that if Ethereum can maintain support and break over the resistance in the short term, it can gain a serious speed. One of the more persuasive arguments for one Hausse effect Coming from TED pads, which highlights a striking similarity between Ethereum’s current structure and Bitcoin behavior in 2020.
According to pillows, Ethereum has now printed four consecutive two weeks green light since the bottom, just as Bitcoin did after the crash in March 2020. That pattern marked the beginning of BTC’s legendary driving to $ 69,000. The comparison has led to optimism that ETH can prepare for a similar breakout, especially if it cleans up close to $ 2,700-2,800.
While the macro environment remains tense, this technical structure – paired with increasing confidence in ETH’s strength – is hopeful that a great move is on the horizon.
ETH Price analysis: Consolidation above support
Ethereum (ETH) holds stable around $ 2,607 and consolidates just above the 34 period EMA on the 4-hour chart, which is currently close to $ 2,594. Following the strong increase in early May, which saw ETH Rally from less than $ 2,000 to heights close to $ 2,850, the price has moved into a dense consolidation area. This sideway measure reflects the determination of the market when buyers and sellers fight for control.
Despite the latest volatility, ETH has continued to publish higher lowness, which indicates ongoing haussearted pressure. The SMAs 50, 100 and 200 periods are in line below the current price, all trends upwards, which signals that the broader trend remains intact. The price is to find consistent support from the 50-period SMA around $ 2,590- $ 2,600 zone, which is a key level to look at.
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A decisive interruption over short -term resistance close to $ 2,680 would be needed to confirm the continuation against $ 2,800 and potentially test previous heights. On the disadvantage, a break under $ 2590 may trigger a return to $ 2500 or lower, especially if BTC shows weakness.
Featured Image from Dall-E, Chart from Tradingview
