Ethereum Rebound Pushes Price Above $2,400 Amid Geopolitical Optimism

Ethereum (ETH) has recently shown signs of recovery after experiencing a sharp correction earlier this week. The cryptocurrency's price action has been closely monitored, with a significant rebound pushing it above the $2,400 mark. This rebound came amidst geopolitical unrest, but renewed optimism followed President Donald Trump’s announcement of a ceasefire between Israel and Iran, alongside a return of inflows to US spot Ethereum ETFs.
Ethereum is currently testing its 50-day Exponential Moving Average (EMA), a level that has historically served as a key turning point for the asset. A decisive breakout above this level could set the stage for a significant rally. According to CryptoQuant, a breakout above the $2,500-$2,600 range could pave the way for a short-term rally toward the $2,800 resistance. If ETH manages to breach that level with momentum, the next target could be $4,000, a price last seen when the leading altcoin broke out of a long consolidation zone between $2,100 and $2,800.
The current setup matches that prior pattern, which has raised optimism about a potential repeat rally. Meanwhile, the 50-week EMA remains a significant resistance zone, and clearing it may signal a more explosive upside move. However, broader market risks persist, with geopolitical tensions involving the US, Israel, and Iran continuing to inject volatility into crypto markets.
Adding to the growing bullish outlook, Bitcoinsensus’s latest findings revealed that Ethereum is entering the final and most “explosive” phase of its 4-year market cycle. Drawing parallels with the 2017 and 2021 bull runs, the analysis highlighted a pattern of consistent timing between market tops, with current price action showing similar signs of accumulation and breakout structure. According to the analysis, Ethereum’s next parabolic move appears to be forming, fueled by months of consolidation and historical rhythm. While past performance doesn’t guarantee future results, it was noted that crypto cycles often “rhyme,” hinting that the 2025 market top could arrive sooner than expected.
Despite the bullish outlook, Ethereum's price action has been fluctuating between $2,265 and $2,376, showing signs of serious selling pressure at this critical level. The cryptocurrency has staged a technical rebound following last week's sharp correction, with prices recovering from the $2,200 region back above the $2,400 mark. Despite extreme market fear, Ethereum has held steady, with key levels to watch for potential movements. If ETH holds above the $2,400 area, it will open the door for a climb toward $2,500, with further upside targets at $2,680 and $2,850 levels.

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