Ethereum Climbs 2.5% to $2,521 Amid Bullish Trend

Ethereum has recently shown signs of a bullish trend, with its price climbing back above $2,500 after a brief pullback to $2,440. This correction follows a seven-day period where Ethereum reached a high of $2,770. According to crypto analyst KlejdiCuni, this price action aligns with anticipated scenarios, suggesting a potential reversal into a bullish wave.

KlejdiCuni's analysis indicates that Ethereum may be on the brink of a significant bullish trend. The $2,440 region has held as a strong accumulation zone, supporting the idea of a bullish pattern. This pattern, visible on the daily candlestick price chart, features higher lows and stable resistance near the upper boundary, resembling an ascending channel structure. This structure suggests that buyers are gradually gaining control of Ethereum’s price action.

Ethereum’s rebound to $2,660 has formed a structure that could break above the current pattern, potentially moving towards $2,800. This aligns with the upper resistance boundary of the bullish pattern, making it the first immediate target for a breakout to higher price levels.

If Ethereum successfully breaks above the $2,800 resistance level, the bullish momentum could signal the start of the expected bullish trend. The first major target in this sequence is $3,300. Ethereum’s reaction at this level would be crucial, as it coincides with a resistance level from late January 2025 that eventually broke to the downside in early February 2025. Clearing this zone would confirm sustained buying interest.

Should Ethereum maintain its upward pressure beyond $3,300, the next target is at $3,800. This level is technically significant, coinciding with an order block in early January that caused initial rejection as it tried to push toward the $4,000 price level. Breaking through $3,800 would indicate that bullish sentiment has taken firm hold across higher timeframes.

If the bullish wave extends uninterrupted, the analyst projects a longer-term target of $4,500. This level is close to Ethereum’s all-time high of around $4,878, and reaching it would represent a near-complete recovery from the prolonged bear market. Hitting $4,500 would also place Ethereum at new price highs for this cycle.

At the time of writing, Ethereum is trading at $2,521, having retraced by 0.7% in the past 24 hours. This price action suggests that Ethereum is poised for a potential bullish wave, with several key targets identified by the analyst. The next few days will be crucial in determining whether Ethereum can sustain its upward momentum and reach these targets.