Ethereum Price Update: Key Trendline Test Sparks Altcoin Rally Hopes
Ethereum is at a pivotal technical level, with two prominent market analysts pointing to a potential turning point that could define the next phase for altcoins.
Key Takeaways
- Analysts say a breakout above key levels could trigger stronger altcoin momentum.
- ETH trades near $2,068, with indicators showing early recovery signs.
- RSI and MACD suggest fading bearish pressure but no full confirmation yet.
- The new “Strawmap” roadmap targets faster speeds, higher scalability, and stronger security for Ethereum long term.
Michaël van de Poppe noted that while the broader trend remains unclear, Ethereum’s recent move higher is an encouraging signal.
The trend remains unclear, but $ ETH's move higher is a good sign.
Ultimately, I'd like to see it clearly break through 0.03250.
If that happens, it's a sign the markets are heading towards stronger #Altcoin prices. pic.twitter.com/xClkrvC9CI
— Michaël van de Poppe (@CryptoMichNL) February 26, 2026
He emphasized the importance of a decisive breakout above 0.03250 on the ETH/BTC pair, arguing that such a move would likely confirm renewed strength across the altcoin market. According to his view, reclaiming that level would signal that capital is rotating back into higher-beta crypto assets after months of relative underperformance.
Trader Tardigrade shared a similarly constructive outlook but from a structural perspective. He highlighted Ethereum’s long-term ascending support trendline on the monthly chart, suggesting that every major hold of this level in the past has preceded a powerful rally.
With ETH once again testing this trendline, he argues that holding above it could set the stage for another parabolic advance, similar to previous cycle expansions.
$ETH/monthly
Trendline holds = Massive upside 🔥#Ethereum has a proven pattern: every time price holds above this ascending support trendline, it launches into a parabolic rally.
It happened in 2020 → massive bull run.
Now $ETH is testing the trendline again. If it holds… pic.twitter.com/22wUHvcVcB
— Trader Tardigrade (@TATrader_Alan) February 26, 2026
Technical Indicators Show Early Signs of Recovery
On the daily chart, Ethereum is trading around $2,068 after bouncing from recent lows near $2,040. Price action is pressing toward the mid-range of the Bollinger Bands, with the upper band near $2,139 and the lower band around $1,852. A sustained push above the upper band could open the door for a momentum-driven breakout, while failure to hold the mid-band may expose ETH to renewed downside pressure.
The Relative Strength Index (RSI) stands near 45, recovering from oversold territory but still below the neutral 50 threshold. This suggests improving momentum, though buyers have yet to establish clear dominance.
Meanwhile, the MACD histogram has turned positive, and the MACD line is attempting to cross higher from deeply negative levels. Although still below the zero line, the shift indicates that bearish momentum is fading and a potential trend reversal could be forming if follow-through buying emerges.
Despite these improving signals, TradingView’s daily summary currently leans slightly bearish, with moving averages flashing sell signals while oscillators remain mostly neutral. This underscores the market’s indecision, aligning with van de Poppe’s assessment that the broader trend is not yet fully confirmed.
Ethereum Foundation Introduces New “Strawmap” Roadmap
Beyond short-term price action, Ethereum’s long-term fundamentals are also evolving. In early 2026, Ethereum Foundation researcher Justin Drake introduced the “Strawmap,” a draft roadmap outlining potential upgrades to Ethereum’s base layer through 2029.
The proposal focuses on accelerating block times, increasing throughput, and strengthening security, including preparations for quantum resistance. Rather than serving as a fixed plan, the Strawmap is designed as a living coordination framework, updated regularly to reflect research progress and community input. If implemented successfully, these upgrades could materially enhance Ethereum’s scalability and long-term competitiveness, reinforcing the broader bullish case many analysts are beginning to outline.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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.
