Ethereum Stages Gritty Rebound—Defies Bears With Key Support Breakout

Ethereum’s price action just flipped the script. After weeks of sideways grinding, ETH bulls smashed through critical resistance levels—signaling a potential trend reversal. Traders who wrote off the #2 crypto are now scrambling to adjust their positions.

The comeback no one priced in: Network activity spiked as institutional wallets quietly accumulated during the dip. Meanwhile, retail FOMO is creeping back in—because nothing revives crypto enthusiasm like a 20% green candle.

Wall Street’s worst nightmare? A decentralized asset that actually recovers without their ’help.’ Ethereum’s organic rebound exposes how little traditional finance understands about crypto market cycles—but don’t worry, they’ll still charge you 2% to ’manage’ your digital assets.

Ethereum Tests Key Resistance After Explosive Weekly Surge

Ethereum has surged over 44% in less than a week, reclaiming major resistance levels with strength and shifting sentiment sharply from bearish to bullish. After months of underperformance, ETH is now leading the charge in what many analysts believe could be the beginning of a long-awaited altseason. The broader market is showing signs of renewed momentum, but Ethereum’s breakout is particularly significant as it often signals capital rotation into altcoins.

ETH’s rally has taken it from sub-$1,800 levels to just above $2,500, breaking through key resistance areas that had held since January. Now, the price is testing a crucial supply zone between $2,600 and $2,800—a region that previously acted as a distribution top and major rejection point. A successful break above this level could open the door for a MOVE toward $3,000 and beyond.

Jelle highlighted the scale of Ethereum’s comeback, noting that this “massive bounce” came after the market had largely declared ETH dead. Prices are now firmly back above critical support, and the reclaim of $2,500 is a major technical milestone. Still, as Jelle points out, there’s a lot of work ahead before a full recovery is confirmed.

While short-term momentum is clearly bullish, Ethereum must consolidate and build structure above this resistance to establish a sustainable uptrend. If that happens, the narrative for altseason becomes significantly stronger, especially after years of drawdowns across the sector. The coming days will be key as Ethereum tests the upper end of this resistance range and sets the tone for altcoins heading into the summer.

ETH Tests $2,600 Resistance As Momentum Builds

Ethereum is trading at $2,570 after an explosive rally that pushed the price from under $1,800 to a new local high at $2,625 in just a few sessions. The chart shows a clear vertical breakout, driven by surging volume and reclaim of major moving averages. ETH has now decisively broken above its 200-day EMA (currently NEAR $2,436) and is testing the 200-day SMA around $2,701—a zone that represents a significant area of supply.

The steep angle of ascent suggests strong bullish momentum, but the price is approaching a key resistance confluence. Historically, the $2,600–$2,800 range has acted as both support and resistance, meaning bulls need to consolidate above $2,500 to sustain the uptrend.

This move also follows months of consolidation and a long period of underperformance. After a 66% decline from its December highs, Ethereum’s current rally signals a potential trend reversal. If bulls maintain this pressure and break above the 200 SMA, it could trigger a rapid continuation to $3,000 and beyond.

However, volume should remain elevated, and volatility is expected as sellers may step in at these levels. A short-term pullback wouldn’t invalidate the trend, but failure to hold above $2,500 could stall momentum.

Featured image from Dall-E, chart from TradingView