Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100
Ethereum, the second-biggest cryptocurrency, is getting a lot of attention right now. Some experts who watch the market closely think its price could go above $2,100 soon. They’ve been looking at how Ethereum’s price has...
Ethereum, the second-biggest cryptocurrency, is getting a lot of attention right now. Some experts who watch the market closely think its price could go above $2,100 soon. They’ve been looking at how Ethereum’s price has been moving and see patterns that suggest it might be heading up.
Short-Term Signs Point UpwardOne analyst, Crypto Patel, shared his thoughts on the social media platform X. He pointed out a setup on the Ethereum chart that looks promising for a price increase.
Patel said Ethereum made a strong move upwards, which changed the way the market is structured. This happened after the price reacted to a level he had already identified as a good place for buyers to step in.
#Ethereum Prints Bullish Displacement – Swing High Liquidity in Sight$ETH Price respecting bullish POI with clear displacement on tap. Currently testing mitigation block post-retest. Anticipating bounce to sweep swing high liquidity at $2128.12.
Entry: $2064.60 TP:… pic.twitter.com/5Q2q5xrNpM
— Crypto Patel (@CryptoPatel) March 25, 2025
Right now, Ethereum’s price is bouncing off a key area around $2,064. This area is called a mitigation block, and it often shows strong buying interest from big investors.
The idea is that these investors use this zone to adjust their previous orders before continuing to push the price in a certain direction. Patel suggests that buying in this upper part of the mitigation zone lines up with how these big players often operate.
The target price Patel mentioned is $2,128. This level is what’s known as a swing high liquidity zone. These zones often have a lot of stop-loss orders and pending buy orders clustered together.
If the price moves into this area, it could trigger those orders and cause a sharp move, allowing investors to profit before the price possibly changes direction.
Patel set a stop-loss for this trade at $2,027, just below the mitigation block. This helps limit potential losses if his prediction is wrong.
Long-Term Pattern Looks FamiliarAnother analyst, TimeFreedomROB, also posted on X. He compared Ethereum’s current weekly price pattern to what happened between 2018 and 2020.
His chart shows Ethereum breaking below an ascending triangle pattern, which is similar to how it broke below a descending triangle before its big recovery in 2020. Back then, Ethereum’s price hit a low point and then soared from under $100 to almost $4,800.
#ETH 1W
Price is showing the Same type of Break below support as last Cycle
Will Price Recover Rapidly Like Last Time? pic.twitter.com/uoIDTd5w8L
— TimeFreedom ®0⃣ (@TimeFreedomROB) March 25, 2025
Currently, Ethereum is trading near $2,060. It recently dropped below the $2,300 mark and tested a lower trendline around $1800. This area also lines up with price levels where there was a lot of demand in previous years.
The analyst’s chart suggests this could be the final dip before a significant price increase, similar to what happened in past cycles.
The area between $1,800 and $2,000 has acted as a strong support level in the past. For Ethereum’s price to confirm a return to an upward trend on the weekly chart, it needs to climb back above the $2,200 to $2,400 range.
As of now, Ethereum is trading at $2,064. Over the last week, it has gained 6%. Its total market value is $250 billion, and the amount of Ethereum traded in the last 24 hours is $11.71 billion.
These analysts are presenting scenarios based on how Ethereum’s price has behaved in the past, but it’s important to remember that the cryptocurrency market can be unpredictable.
Featured image from Gemini Imagen, chart from TradingView
Original source
Read on NewsBTCRelated market context
Standard Chartered analyst says Bitcoin hits bottom at $59K, ending crypto winter
Bitcoin's bottom at $59K signals potential market recovery, encouraging investors to monitor ETF flows, corporate buys, and oil pr...
Tether USDT Briefly Overtakes Ethereum in Market Cap: A $187B Wake-Up Call
For a few hours, earlier this week, Tether USDT stablecoin held a higher market cap than Ethereum, the first time that has happene...
Standard Chartered Says Bitcoin Bottomed Near $59,000 As Crypto Winter Ends
TL;DR Standard Chartered’s Geoffrey Kendrick reportedly says Bitcoin’s $59,000 area marked the cycle bottom. The note cites SpaceX...
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
Senior market analyst Geoffrey Kendrick pointed to the SpaceX IPO and a potential U.S.-Iran peace deal as the dual catalysts endin...
Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution
TL;DR Crypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000. Mining-cost m...
'Winter Is Over': Standard Chartered Calls Crypto Bottom as Bitcoin Recovers From $60K Fall
Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin's recent drop belo...