Ethereum (ETH) Near A Breakout? Analyst Says It Could Soar Another 28% By May

Quick Summary:

According to analyst Rekt Capital, ETH is holding the bottom of its historical demand zone, between $1,650 and $1,950, after its recent performance, "repeating history also by wicking briefly below it.” Since losing its $2,196-$39,00 Macro Range, the cryptocurrency has traded within this range, upside wicking to the region’s top and turning it into resistance, and downside wicking below the bottom to turn it into support, like in 2023.

Related Reading: SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch Ethereum Reclaims First Horizontal Level In Months Over the past week, Ethereum’s price has jumped around 14% to retest crucial support levels.

The analyst pointed out that since closing above the $1,750 mark for the past three days, the King of Altcoins has shown a "change in market dynamics.” Notably, Ethereum has not been able to reclaim previous horizontal levels for months, getting rejected and making new lows instead.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Analysis Crypto Bull Run 2025 Eth price Ethereum ETHUSDT Crypto market correction Crypto Market Recovery Ethereum ETH Crypto analyst Ethereum price Crypto trader

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-26 @ 11:00:49 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 28215363

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