Ethereum (ETH) Price: Can Bulls Break $2,800 After Strong Recovery Rally
TLDR
Ethereum surged over 15% from Sunday’s low near $2,100, recovering after geopolitical tensions eased
ETH is now trading above $2,350 and the 100-hourly moving average, showing bullish momentum
Price faces key resistance at $2,550, with analysts targeting a breakout above $2,800
Technical indicators including MACD and RSI show positive signals in the bullish zone
A successful break above $2,500-$2,550 could open the path to $2,700-$2,800 levels
Ethereum has staged a strong recovery after experiencing sharp losses earlier this week. The second-largest cryptocurrency fell to around $2,100 on Sunday during heightened geopolitical tensions in the Middle East.
The bounce came after news of a ceasefire agreement between Israel and Iran helped ease market concerns. This development sent relief through global markets, with ETH leading the charge among major altcoins.
ETH has since climbed more than 15% from those Sunday lows. The cryptocurrency is now trading above $2,350 and has cleared several technical resistance levels.
The price moved above the $2,320 and $2,350 resistance zones. Bulls also pushed ETH above the 61.8% Fibonacci retracement level from the recent swing high to low.
Ethereum is currently trading above the 100-hourly Simple Moving Average. This technical indicator often serves as a key support level during uptrends.
The cryptocurrency now faces resistance near the $2,500 zone. Price action shows ETH is stuck near the 76.4% Fibonacci retracement level of the recent downward move.
Technical Outlook Improves
Technical indicators are supporting the bullish case for Ethereum. The hourly MACD is gaining momentum in the bullish zone.
Source: TradingView
The RSI has moved above the 50 level, which typically indicates positive momentum. These signals suggest buying pressure is building.
On the upside, the first major resistance sits near the $2,550 level. A clear break above this zone could send the price toward $2,600.
If bulls maintain control, Ethereum could target the $2,720 resistance zone. Some analysts see potential for a move toward $2,800 in the near term.
Key Levels to Watch
Support levels remain important for the current uptrend. The first support sits near $2,440, which aligns with a connecting bullish trend line.
Major support is located at $2,390. A break below this level could push ETH toward $2,310 or even $2,220.
The recovery has placed Ethereum back into a critical technical zone. Bulls are attempting to reclaim control after weeks of sideways trading.
Volume surged during the bounce from $2,100, confirming strong buying interest. The 8-hour chart shows a clean V-shaped recovery pattern.
ETH has reclaimed the 200 SMA at $2,326, which represents short-term bullish control. However, the cryptocurrency faces a test near the $2,450-$2,500 zone.
The 50 and 100 SMAs converge in this area, creating a resistance cluster. These moving averages previously played key roles during consolidation phases.
$ETH is getting ready for a breakout.
I’m extremely bullish here. pic.twitter.com/I4gZ11BaOB
— Mister Crypto (@misterrcrypto) June 24, 2025
Ethereum currently trades near $2,414, holding above key support levels. The next few sessions will determine whether ETH continues its breakout attempt or enters another consolidation phase.
The post Ethereum (ETH) Price: Can Bulls Break $2,800 After Strong Recovery Rally appeared first on CoinCentral.
Filed under: News - @ June 26, 2025 8:27 am