$ETH
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Ethereum’s Recent Rebound: A Prelude to New Highs?
In the recent crypto market dynamics, Ethereum has demonstrated resilience by rebounding above $2,500 following a decline to $2,440. This movement marks a significant recovery from a recent peak of $2,770, reflecting a potential shift towards bullish momentum. Noted crypto analyst KledjdiCuni views this as a crucial juncture that could signal the beginning of a substantial upward trend.
Bullish Patterns and Key Resistance Levels
According to KledjdiCuni, the support around $2,440 has proven robust, confirming it as a key accumulation zone. His analysis on [TradingView](https://www.tradingview.com) points out an ascending channel pattern, suggesting a gradual takeover by buyers. Ethereum’s ascent to $2,660 seems poised to challenge and potentially surpass the upper resistance at $2,800, setting the stage for further gains.
Upcoming Targets for Ethereum’s Price Rally
Should Ethereum break the $2,800 barrier, it may ignite a bullish phase, with the next significant milestone at $3,300. This level is particularly noteworthy as it aligns with historical resistance encountered in late January 2025. A successful breach above this point could cement a strong bullish sentiment.
Moreover, sustaining momentum beyond $3,300 could propel Ethereum towards $3,800, a critical level previously identified as an order block initiating past rejections. Surpassing this resistance could robustly confirm the bullish market sentiment.
Long-Term Aspirations: Aiming for Record Highs
If bullish conditions prevail, Ethereum could potentially target $4,500, approaching its all-time high of approximately $4,878. Achieving this would not only signify a full recovery from the bear market but also set new historical price levels for Ethereum.
At the current moment, Ethereum is trading at $2,521, with a slight retracement in the past 24 hours. For those looking to delve deeper into Ethereum’s market prospects and other cryptocurrency news, more detailed analyses are available on [Binance](https://www.binance.com/).
As the market continues to evolve, Ethereum’s trajectory will be a critical indicator of the broader crypto market’s health and investor sentiment. Keep an eye on these key levels and patterns for insights into its future movements.
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