Ethereum’s Next Big Move: This Key Price Level Could Unlock A Strong Upward Move
The post Ethereum’s Next Big Move: This Key Price Level Could Unlock A Strong Upward Move appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The second-largest crypto asset, Ethereum, is again capturing market attention as bullish momentum builds, but its path to reclaiming higher price levels and maintaining a strong rally is far from guaranteed. As ETH shows strength, crypto analysts point to key zones that might bolster the altcoin’s renewed upward trend. A Pivotal Price Point To Spur Ethereum’s Rally Over the past few days, Ethereum has demonstrated notable bullish performance, recovering levels such as $1,800. While ETH’s price may seem poised for an extended rally, a crucial level has emerged as the next hurdle that will determine the continuation of the current uptrend. After a series of higher lows, Rose Premium Signals, a technical analysis platform, has highlighted ETH’s potential to continue its rally. Several critical indicators are pointing to a significant upside, but the altcoin’s true potential lies in breaking the $2,200 mark. Historically, this zone has acted as a strong support for ETH, reflecting its resilience at this level. According to the platform, Ethereum must close a daily candle above the orange zone at $2,200 to validate the extension of the ongoing bullish trend. When the $2,200 mark is broken, the development would spark a strong rally towards the $4,000 target. However, if momentum is not maintained here, a drop may occur, making this price point a pivotal battleground for both bulls and bears. In the meantime, Rose Premium Signals suggests a cautious approach as long as ETH’s price remains below this point. ETH eyes its next major upswing | Source: Rose Premium Signals on X Rose Premium Signals’ technical analysis strongly aligns with that of Kamran Asghar, a crypto expert and trader. In his analysis shared on the X (formerly Twitter) platform, the expert noted that…
Filed under: News - @ May 1, 2025 4:20 am