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Ethereum has experienced a strong comeback after weeks of uncertainty and bearish momentum. Following a sharp breakdown below its long-standing consolidation range, ETH found support near the $2,100 level and has since surged 15% from Sunday’s low. The move comes amid improving market sentiment after a ceasefire agreement between Israel and Iran helped ease geopolitical tensions, while broader macroeconomic conditions remain in flux.
This recent bounce has placed Ethereum back into a critical technical zone, where bulls are once again attempting to reclaim control. After spending much of May and June in a sideways range, ETH is showing signs of renewed strength, fueling optimism that the next decisive move could be to the upside.
Top analyst Mister Crypto shared a bullish technical outlook, highlighting that Ethereum is getting ready for a breakout. According to his view, the current price structure and momentum suggest ETH may be preparing to challenge previous resistance levels and enter a new phase of expansion. With on-chain activity starting to pick up and broader market confidence slowly returning, Ethereum could be positioning itself as the key altcoin to lead a potential rally in the coming weeks.
Ethereum Reclaims Strength
Ethereum has surged more than 15% from Sunday’s lows, recovering from sharp losses triggered by geopolitical tensions in the Middle East. The announcement of a ceasefire between Israel and Iran sent a wave of relief through global markets, with ETH leading the charge among major altcoins. After briefly losing key support levels, bulls are regaining momentum as Ethereum reclaims price levels last seen before the breakdown.
This rebound marks a crucial moment for ETH, as it tests the strength of current market sentiment. While macroeconomic uncertainty continues — driven by growing fears of a U.S. recession, rising bond yields, and a cautious Federal Reserve — Ethereum appears to be consolidating for a potential breakout. The broader crypto market remains on edge, with altcoins underperforming Bitcoin, and many investors watching Ethereum closely as the likely catalyst for the long-awaited altseason.
According to Mister Crypto, Ethereum is now preparing for a breakout above the $2,800 resistance. This level represents a major psychological and structural barrier, and a decisive move beyond it could redefine ETH’s trajectory for the remainder of the year.
Volume is returning, and on-chain data shows rising confidence from long-term holders, signaling a potential shift in trend. If bulls succeed in pushing ETH past this zone, it could trigger renewed interest across the altcoin market and usher in a wave of fresh capital. As Ethereum flirts with this breakout level, its price action in the coming days may very well set the tone for the next phase of the crypto cycle.
