Ethereum Holds Strong – Could Bigger Gains Be Ahead?
Ethereum has once again proven the significance of the $2,130 level, bouncing off this key support area after briefly dipping to that exact price.
According to a new technical analysis from MakroVision, the rebound has provided short-term relief to traders, with ETH reclaiming ground above $2,400.
Analysts say the current price action hints at a potential recovery, though it’s still too early to call a definitive trend. Market structure remains neutral, with neither bulls nor bears in clear control.
Still, if Ethereum can maintain momentum above $2,400, the next area of interest lies between $2,740 and $2,880 — a zone that could be tested in the near future.
MakroVision’s report warns, however, that losing the $2,130 support would flip the outlook bearish and could open the door for a drop toward the $1,730 zone — a level not seen in months.
At this stage, Ethereum is walking a tightrope: hold above $2,400 and upside targets remain viable; fall back under $2,130 and the risk of a larger correction returns.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
