Some crypto analysts have affirmed that Ethereum (ETH) is facing a pivotal moment as it retests a major resistance barrier that could make or break the King of Altcoin\u2019s recovery dreams.<\/p>\n
On Wednesday, Ethereum jumped 3.6% to retest a crucial resistance<\/a> area for the third time this month, as the cryptocurrency attempts to recover from recent market jitters fueled by the US-Iran conflict.<\/p>\n The cryptocurrency has been hovering between $1,800-$2,450 since the early February market crash, attempting to break out of this range on multiple occasions but ultimately failing.<\/p>\n Amid the recent market recovery, ETH has surged 15% from April\u2019s lows and sustained the upper half of its local range for the first time in three months. Now, it is trying to reclaim<\/a> the crucial $2,400-$2,500 resistance area before potentially climbing to higher levels.<\/p>\n Multiple crypto market observers noted that Ethereum has been pushing toward a breakout over the past week, reaching a three-month high of $2,464 last Friday and testing the $2,425 level today.<\/p>\n Analyst Crypto Rand emphasized<\/a> the importance of reclaiming this region for ETH\u2019s price, affirming that consolidation above this area would \u201ctrigger a major bullish reversal\u201d for the cryptocurrency.<\/p>\n Similarly, Daan Crypto Trades pointed out that after today\u2019s performance, the King of Altcoins is near its bull market band and the weekly 200 Moving Average (MA), currently at $2,450.<\/p>\n This level was lost as support in mid-January, and a weekly close above it could open the door to a retest of the weekly 200 Exponential Moving Average (EMA), located around the $2,560 mark.<\/p>\n On the contrary, analyst Ted Pillows shared<\/a> a bearish perspective, affirming that although the price is surging, Ethereum\u2019s spot demand \u201cis stagnant,\u201d which signals that the recent rally is not supported by steady spot accumulation.<\/p>\n \u201cEthereum could have a liquidity grab above the $2,400-$2,450 level similar to Jan 2026,\u201d he explained, when the price retested the $3,400 area before crashing.<\/p>\n Despite the concerns of another correction, analyst Ali Martinez recently noted<\/a> that ETH\u2019s SuperTrend, used to identify the current market trend, flipped bullish for the first time in over a year.<\/p>\n Per the post, the SuperTrend showed a Buy signal for the first time since the first half of 2025, suggesting the end of the current downtrend. The analyst also affirmed<\/a> that if the cryptocurrency clears the $2,385 level, it could open the path to the $2,900 area.<\/p>\n This level marks the X-axis of ETH\u2019s three-month ascending triangle, and turning it into support<\/a> would neutralize recent sell signals and confirm a major trend continuation.<\/p>\n \u201cWith the overhead supply cleared, the technical objective for this formation is now $2,900. As long as we hold above the breakout zone, the momentum remains firmly with the bulls,\u201d he wrote.<\/p>\nTraders Eye $2,900 And Beyond<\/h2>\n