Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100

cryptonews.net 27/03/2025 - 03:46 AM

Ethereum Price Projections

Ethereum, the second-biggest cryptocurrency, is gaining significant attention. Experts suggest its price could surpass $2,100 soon while analyzing its market patterns.

Short-Term Signs Point Upward

Analyst Crypto Patel shared insights on X about a promising setup on the Ethereum chart for a price increase. He noted that Ethereum made a strong upward move, altering market structure after bouncing off a previously identified buyer level.

> #Ethereum Prints Bullish Displacement – Swing High Liquidity in Sight
> $ETH price respecting bullish POI with clear displacement on tap. Currently testing mitigation block post-retest. Anticipating bounce to sweep swing high liquidity at $2128.12.
>
> ➡️ Entry: $2064.60
> ➡️ TP:… pic.twitter.com/5Q2q5xrNpM
> — Crypto Patel (@CryptoPatel) March 25, 2025

Ethereum’s price currently rebounds from a critical area around $2,064, referred to as a mitigation block, indicating strong buying interest. This zone helps big investors adjust prior orders before further price movement. Patel targets a price of $2,128, a swing high liquidity zone often filled with stop-loss orders. Hitting this area may trigger sharp price movements, benefiting investors.

Patel set a stop-loss at $2,027 to manage potential losses.

Long-Term Pattern Looks Familiar

Another analyst, TimeFreedomROB, on X, compared Ethereum’s current price movement to its trends from 2018 to 2020. He noted Ethereum’s recent drop below an ascending triangle, reminiscent of its previous significant recovery after breaking below a descending triangle.

> #ETH 1W
> Price is showing the Same type of Break below support as last Cycle 👀
> Will Price Recover Rapidly Like Last Time? 📈
> — TimeFreedom ®️0️⃣🅱️ ⚡ (@TimeFreedomROB) March 25, 2025

Currently trading near $2,060, Ethereum recently dipped below $2,300 and tested lower trendlines around $1,800. The area between $1,800 and $2,000 has historically served as robust support. A return to an upward trend requires climbing above the $2,200 to $2,400 range.

As of now, Ethereum trades at $2,064, with a recent 6% gain. Its total market value is $250 billion, and the last 24 hours saw $11.71 billion in trades.

These analysts reflect on past price behaviors, but the volatile nature of the cryptocurrency market must be considered.

Featured image from Gemini Imagen, chart from TradingView




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