Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds
Ethereum has rebounded over 15% from recent lows, finding support around $2,100 after a breakdown in its consolidation range. The surge follows a ceasefire agreement between Israel and Iran, easing geopolitical tensions and improving market sentiment. This recovery places Ethereum in a critical technical zone, with bulls attempting to regain control after a period of sideways trading. Analyst Mister Crypto indicates that Ethereum may be poised for a breakout, potentially challenging previous resistance levels and entering a new expansion phase. Despite ongoing macroeconomic uncertainties, including recession fears and rising bond yields, Ethereum's on-chain activity is increasing, suggesting renewed confidence among long-term holders. A successful push past the $2,800 resistance could redefine Ethereum's trajectory and stimulate interest in the altcoin market, setting the stage for a potential altseason.
