- ETH bulls take control as ETH breaks out of the reversal phase.
- The asset is now setting course to $3,400 liquidity area.
- Can the price of ETH surge or will it face another retest?
The crypto market continues towards working to reclaim higher price ranges. At the moment, the price of pioneer crypto asset, Bitcoin (BTC) is working towards reclaiming prices over the $80,000 price range. Meanwhile, ETH, the pioneer altcoin asset is trading above the $2,400 price range. To highlight, ETH bulls take control as ETH breaks out of the reversal phase, setting course to $3,400 liquidity area.
ETH Bulls Take Control as ETH Breaks Out of the Reversal Phase
According to CoinMarketCap analytics, the price of ETH is currently trading at the $2,480 price range, bringing the asset close to $2,500 again, and marking how the asset is up by around 1% today. Experts are hoping to see the price of ETH trading at much higher prices over the coming days or weeks ahead. Presently, most experts believe the price of ETH is on a bullish trend and expect the price of ETH to move towards greater price ranges.
Over the week so far, the price of ETH pumped by over 31% this week and printed its highest weekly close since May 2025. ETH is now testing the Weekly MA 200, the MA that acts as the most important line for trend reversal. According to the chart accompanied by the post, the first most important highlighted observation marks a strong bounce from long-term support near $1,500.
The second most important observation is the previous bounce from the same zone, which was nearly over a 39% pump in May 2025. This surge led ETH toward a new ATH in just 4 months 3, with the weekly MACD now turning up from the same oversold area that marked earlier bottoms. The key resistance levels to watch are the weekly MA 200/$2,500, followed by the $3,400 resistance and support at $1,900 and $1,500.
ETH Sets Course to the $3,400 Liquidity Area
Thus, the expert goes on to expect two possible scenarios to play out from here. The first is the possibility of the price of ETH holding close above the Weekly MA 200, which will open a path toward the $2,800 – $3,400 price range. Likewise, the second possibility is a rejection from this level, meaning the price of ETH can retest the $1,900 price range, followed by the major support near $1,500.
As we can see from the post above, a major cause for celebration comes from ETH’s recent price moves. This expert goes on to declare that ETH bulls have taken control, a move that is certain as the price of ETH finally surged above the $2,200 – $2,300 price range after months of consolidation. Now the expert expects to see the price of ETH hold the breakout and begin trading between the $3,000 – $3,400 price range.
