Ethereum Price Primed for Rally—Is ETH About to Ignite the Next Bull Run?

Ethereum''s price action hints at a comeback—traders are watching for the spark that could send ETH soaring.

After weeks of sideways movement, ETH bulls are itching for a breakout. The second-largest crypto by market cap has been consolidating, but technicals suggest momentum is building.

Key levels to watch: If ETH clears resistance at $3,800, we could see a rapid climb toward $4,200. On-chain data shows whales accumulating—smart money might know something retail doesn''t.

Meanwhile, Bitcoin''s stagnation has traders diversifying into altcoins. Ethereum''s robust ecosystem and upcoming protocol upgrades make it a prime candidate for rotation plays.

Of course, Wall Street''s still trying to ''explain blockchain'' while missing the bigger picture—typical finance dinosaurs playing catch-up.

Bottom line: The setup looks promising, but in crypto, nothing''s guaranteed except volatility. Will this be ETH''s moment to shine, or just another fakeout? Watch those liquidation levels.

Ethereum Price Corrects Losses

Ethereum price started a fresh decline below the $2,750 and $2,620 levels, like Bitcoin. ETH price even traded below the $2,500 level and tested $2,440.

A low was formed at $2,441 and the price recently started a recovery wave. There was a move above the $2,500 and $2,520 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,880 swing high to the $2,441 low.

Besides, there was a break above a contracting triangle with resistance at $2,550 on the hourly chart of ETH/USD. ethereum price is now trading near $2,575 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance NEAR the $2,585 level. The next key resistance is near the $2,620 level. The first major resistance is near the $2,660 level. It is near the 50% Fib retracement level of the downward move from the $2,880 swing high to the $2,441 low.

A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the near term.

Another Decline In ETH?

If ethereum fails to clear the $2,620 resistance, it could start a fresh decline. Initial support on the downside is near the $2,540 level. The first major support sits near the $2,500 zone.

A clear move below the $2,500 support might push the price toward the $2,440 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,500

Major Resistance Level – $2,620