After its recent price breakout, Ethereum (ETH) is facing its next big test and attempting to turn a crucial area into support. Some analysts have suggested that the altcoin is ready to continue its bullish momentum, arguing that the biggest rotation in years is coming.<\/p>\n
On Wednesday, Ethereum broke past a crucial area and retested<\/a> the $3,400 level for the first time in over a month. The king of altcoins has seen a 6% increase in the daily timeframe, jumping from the $3,100 level to the current levels.<\/p>\n Notably, ETH has been hovering between the $3,000-$3,300 area since the start of the year rally, but failed to break the local range\u2019s upper boundary during last week\u2019s attempt. Now, the cryptocurrency has daily closed above this barrier and is testing this area as support.<\/p>\n Amid this performance, analyst Micha\u00ebl van de Poppe affirmed<\/a> that \u201cit\u2019s ETH season\u201d as the leading altcoin has held above the 21-day Moving Average (MA) since January 1. He explained that this level, officially lost during the early Q4 2025 corrections, is crucial for the price to hold onto to strengthen the momentum.<\/p>\n To the market observer, Ethereum is \u201cready to make new highs and continue the uptrend,\u201d and based on this structure, his main scenario is that the cryptocurrency<\/a> will likely retest the $3,800 area soon.<\/p>\n Meanwhile, Daan Crypto Trades pointed out that ETH is currently facing a \u201cbig test.\u201d The trader noted that the altcoin has been moving within its $2,600-$3,300 price range over the past two months, adding that a breakout from this range is necessary to define the direction of its next move.<\/p>\n Per the chart, Ethereum must reclaim the $3,350 level, where the 200-day exponential moving average (EMA) is located. This indicator has served as a key rejection area since November, and breaking above it \u201cshould lead to a move higher to catch the Daily 200MA next,\u201d currently located around the $3,600 area.<\/p>\n Crypto Jelle also shared<\/a> an optimistic outlook for the cryptocurrency, asserting that Ethereum \u201clooks better than it has looked in years\u201d against both Bitcoin (BTC) and the US Dollar.<\/p>\n He argued that both charts are poised to move higher since ETH\u2019s downtrend against BTC is over, and its USD chart looks ready to push towards the $4,000 barrier again. He added that the ETH\/BTC anticipated rally means \u201cETHUSD could see price move a lot higher over the coming months.\u201d<\/p>\nETH To Follow Its 2018 Playbook?<\/h2>\n