After weeks of consolidation and volatility, Ethereum is recovering and showing a spectacular 15% increase from its lows. This rapid rebound places ETH in a strategic technical position where $2,800 becomes a credible target.
Ethereum resumed its upward trend at the beginning of the week, quickly moving from $2,100 to nearly $2,450.
This rebound comes after a calmer atmosphere thanks to the unexpected ceasefire between Israel and Iran, which had heavily impacted the markets in recent weeks.
The general relief has thus allowed Ethereum to regain confidence, drawing investors’ attention once again.
According to the well-known analyst Mister Crypto, the current momentum is conducive to a decisive breakout of the major resistance at $2,800.
We are observing a clear recovery in trading volume, a sign of renewed confidence.
If Ethereum breaks this barrier, the door would be open to new highs, with an initial target at $3,000.
This hypothesis is all the more realistic as on-chain activity shows sustained accumulation by crypto whales despite recent volatility.
Major ETH holders continue to bet on a medium-term increase, which supports a fundamentally bullish outlook.
Ethereum’s recent volatility has not discouraged institutional investors; on the contrary.
BlackRock, the American asset management giant, has even resumed its massive purchases after briefly selling a significant amount of ETH, a move interpreted by observers as a tactical rebalancing.
This behavior perfectly illustrates the long-term confidence of major financial players in Ethereum, now clearly identified as a strategic digital reserve akin to bitcoin.
Moreover, Ethereum ETFs have just crossed the symbolic threshold of $4 billion in assets under management, with BlackRock leading thanks to very competitive fees.
The current consolidation around $2,450 could be a simple pause before a new bullish momentum. Technical indicators remain positive, with key moving averages now in sight to support sustainable growth.
In short, Ethereum is going through a pivotal period where technical and fundamental signals converge towards a bullish scenario. Breaking through $2,800 is only a matter of time if the current momentum holds.
This progress could well mark the start of the long-awaited “altcoin season” and redefine crypto market balances for the coming months.
