Ethereum Eyes Critical Resistance After 77% Surge From Lows
Ethereum has staged a powerful rebound, surging over 77% from its local bottom near $1,400, and is now approaching a key resistance zone between $2,405 $2,465. According to the macro-focused crypto analysis firm MakroVision, the recent price action aligns closely with their projected scenario.
Analysis Breakdown
1. Bullish Outlook Confirmed
The recovery from the low zone has played out as forecasted.
The $1,295$1,525 area served as a strong accumulation base, effectively marking the cycle low.
2. Key Resistance Ahead
Ethereum has now entered the $2,405 $2,465 resistance zone.
A decisive breakout above this region could open the door to further upside, targeting higher resistance in the central orange zone highlighted in MakroVisions previous charts.
3. Supports to Watch
Immediate support now lies around $2,145.
Deeper support is situated near $1,944, which remains a structurally important level should a pullback occur.
Conclusion
Ethereums technical structure continues to strengthen, showcasing a well-executed recovery rally. All eyes are now on whether ETH can break cleanly through resistance or if it will face a temporary rejection. Either way, MakroVision emphasizes the current zone as a pivotal decision point for Ethereums medium-term trend.
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