Ethereum has risen over 10 percent in the last 24 hours, breaking above key technical levels and outperforming the broader market. After the recent rally, the price reached $2,332 and the daily trading volume exceeded $37 billion. This move turned investors’ attention back to Ethereum.
Bullish Signals in Technical Analysis
Market analyst Klejdi Cuni stated that Ethereum has been forming an ascending triangle formation since January. The price made a significant technical break above the $2,200 resistance zone. According to analysts, after this breakout, the upside targets stand out as 2,450, 2,600 and 2,800 dollars, respectively. However, it is critical for the price to remain above $2,200 for the current rise to be sustained.
The breakout on the triangle structure in the latest technical charts may pave the way for a new upward wave. According to historical data, strong movements are observed after similar formations. However, it is stated that the current scenario will continue as long as the price remains above $ 2,200.
Weekly Chart and Key Levels
Ethereum managed to stay above this level for the first time on a weekly close, rising above the June 2025 low. In the analysis made by TraderJB, it is stated that ETH is currently traded in a supply zone, and if this zone is turned into support by strong buyers, it may trigger a new rise.
At the weekly close, the $2,800 resistance zone is followed, while the $2,111 level stands out as support on the downside. If the price falls to this region again and cannot hold on, a new retreat may be seen in the market structure.
Indicators and Futures Data
Signs of improvement also stand out in technical indicators. Analyst Ali Charts reminded that Ethereum’s SuperTrend indicator returned to buying for the first time since September. According to this indicator, the last two similar signals were accompanied by an average rise of around 50 percent and 170 percent. The model turning positive again brought up the possibility of a possible long-term trend change.
On the other hand, activity in the derivatives market accelerated. According to Ted Pillows’ analysis, over $2 billion in open interest was added in 12 hours. This development supports investors’ expectations for an increase in the Ethereum price. The rapid increase in open positions and the positive turn of funding rates may increase the upward momentum.
Short-Term Price Outlook
The upward trend in the Ethereum price continues in the short term. While short-term resistances are in the range of $ 2,350–2,400, it is noteworthy that the $ 2,200 level creates a new support point. It stands out that the $ 2,400 and $ 2,600 limits are followed above, and below, if the price loses $ 2,200, there may be a retreat towards the $ 2,100 region.
In light of all these developments, Ethereum continues to trade at critical resistance and support levels with rising technical structure, increasing derivatives market participation and positive indicators. Whether the price will remain above these levels in the future is in the focus of investors.
