Experts name the key condition for a bullish breakout of Ethereum

Analysts of the digital asset market note: Ethereum ETH $2,043.88 Bridged Ether (StarkGate) -8.85% Market capitalization $0.18 billion VOL. 24 hours $1.15 billion is at a critical level — the asset price is balancing between key support and resistance. Despite the market volatility, the cryptocurrency is holding its position above $ 2,100, but a breakout above $ 2,460 is needed for further growth.

Experts emphasize that the level of $ 2,000-$ 2,100 has been tested repeatedly and has shown significant buyer interest. If ETH can stay above this zone, it could signal a resumption of the uptrend. One of the crypto traders, DaanCrypto, noted that on smaller timeframes, Ethereum is forming a higher low, which may indicate initial signs of recovery. On the daily chart of ETH, it is noticeable that the asset is facing difficulties in forming an upward momentum, although buyers are actively defending the support level.

The next major test for Ethereum is the $ 2,460 resistance level, where, according to online data, 10.95 million investors hold 64.52 million ETH. A breakout of this level could trigger an even more significant upward movement as traders look for confirmation of the bullish trend. Analyst Ali emphasizes that ETH needs to stay above $ 2,200 to maintain a positive sentiment. Also, the TD Sequential indicator on the weekly chart has given a buy signal, indicating a potential rebound.

Industry experts emphasize that forecasts should be considered with market volatility in mind. In the coming days, investors will be focused on Ethereum’s attempts to hold key support levels and break through resistance zones. If ETH is able to regain its upward momentum, this could be the beginning of a new growth.