Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally
Ethereum has recently broken above key resistance levels but has struggled to maintain momentum toward the $3,000 mark. After a surge, ETH has pulled back slightly, trading between $2,750 and $2,800, with $2,500 acting as strong support. Historical patterns indicate that ETH has previously retested this support level before launching toward $4,000, notably in August 2021 and early 2024. Analysts are optimistic about the current consolidation phase, suggesting it could lead to another significant rally. If Ethereum can sustain its position above $2,750 and push through $2,830, it may trigger a broader altseason and shift market sentiment positively. Current macroeconomic uncertainties are influencing market behavior as participants await clearer signals.
