In the last 24 hours, Ethereum has managed to recover above the $2,500 mark after dipping to a low of $2,440. This correction follows its recent rise to $2,770 within the past week. Crypto analyst KledjdiCuni suggests that this movement aligns with expected price scenarios and indicates a potential shift towards a bullish trend.
KledjdiCuni, sharing insights on the TradingView platform, believes that Ethereum is positioned to embark on a significant bullish trajectory. His analysis indicates that the $2,440 level has proven to be a strong accumulation zone, reinforcing market stability.
In his daily candlestick chart, the analyst highlights a bullish pattern characterized by higher lows and stable resistance near the upper limit. This resembles an ascending channel, indicating that buyers are incrementally gaining control of Ethereum’s price movements. With Ethereum's rebound to $2,660, a breakout toward $2,800 appears imminent, coinciding with the upper resistance of the bullish pattern and marking the first target for a potential price surge.
If Ethereum successfully surpasses the $2,800 resistance, the resulting bullish momentum could signify the onset of a broader upward trend. The first major target in this scenario would be $3,300, a critical resistance level that played a significant role in late January 2025 before a downturn in early February 2025. Observing Ethereum’s behavior at this level will be crucial, as it could confirm sustained buying interest.
Should Ethereum continue its upward momentum past $3,300, the next target is set at $3,800. This level is particularly notable due to its historical significance as it represents an order block from early January that previously caused a rejection as Ethereum attempted to reach the $4,000 mark. A successful breakout above $3,800 would indicate a solidified bullish sentiment across longer timeframes.
Finally, if the bullish trend persists without interruption, KledjdiCuni envisions a longer-term target of $4,500. This milestone is just shy of Ethereum’s all-time high of approximately $4,878, and reaching it would signify a substantial recovery from the extended bear market, establishing new price records for this cycle. As of now, Ethereum is trading at $2,521, reflecting a 0.7% decrease over the past 24 hours.
