Ethereum Poised for Breakout as Price Clings to Key Support

Ethereum’s price action continues to draw attention as it consolidates near a key range, and analysts at MakroVision believe a significant breakout may be on the horizon.

After bouncing off the $2,400 support level for a second time, Ethereum has settled into a sideways movement just below a previously established resistance zone.

While the current pattern shows a lack of momentum, MakroVision interprets it as a healthy consolidation phase following the recent uptrend.

The firm emphasized that Ethereum’s technical structure still appears constructive. As long as the $2,400 level holds, short-term bullish sentiment remains intact. A dip below that support could shift market dynamics, although the real risk level sits closer to $2,132.

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Key resistance lies between $2,820 and $2,880, which previously marked a local lower high. According to the analysis, a confirmed breakout above this range could trigger a new bullish wave, potentially sending ETH toward $3,275.

While the market remains indecisive in the short term, MakroVision suggests that Ethereum is approaching a critical juncture. A strong move in either direction could shape the next phase of price discovery.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.