Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally
12 Junho 2025 - 5:00PM
NEWSBTC
Ethereum is at a critical juncture after breaking above key
resistance but failing to sustain momentum toward the psychological
$3,000 level. The recent surge brought optimism to the market, yet
ETH has now pulled back slightly, struggling to extend gains as
global uncertainty weighs on sentiment. With macro pressures
mounting and negotiations between the US and China over a potential
trade deal in focus, the broader market appears to be awaiting
clarity before making its next decisive move. Related Reading:
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Rekt Capital offered historical context to Ethereum’s current
setup, pointing to two previous cycles where ETH successfully
retested the $2,500 level before launching toward $4,000. In August
2021 and again in early 2024, ETH held $2,500 as strong support
(green circles), acting as the foundation for a major breakout
rally. This repeating pattern has investors now eyeing the same
level with growing interest. As Ethereum trades near $2,750–$2,800,
the coming days could determine whether this current setup mirrors
past bullish cycles—or if momentum fades again. With strong support
beneath and a clear historical roadmap above, ETH’s ability to
reclaim strength could trigger the next leg in what many believe
may be the start of altseason. Ethereum Echoes Past Patterns Ahead
Of Potential Breakout Ethereum has rallied over 100% since its
April lows, showcasing powerful momentum and heightened activity at
current levels. After briefly tapping a local high near $2,830, ETH
has retraced slightly but remains firmly above the $2,750 mark—a
key area that now acts as short-term support. The strength of this
rebound is fueling growing speculation that Ethereum may not only
be preparing for another leg up but also setting the tone for a
broader altseason. Analysts across the board are closely watching
ETH’s current consolidation, with many citing historical patterns
as a reason for optimism. Notably, Rekt Capital highlighted a
recurring pattern that has previously led to significant rallies.
In August 2021, Ethereum successfully retested the $2,500 level as
support before surging to approximately $4,000. The same thing
occurred in early 2024, when ETH once again bounced from $2,500 and
rallied to the same zone. Now, for the past five weeks, Ethereum
has repeatedly confirmed the $2,500 level as solid support, forming
what appears to be a textbook foundation for another major move.
This accumulation phase—mirroring past cycles—has many traders
confident that ETH could soon reclaim $3,000 and begin leading
altcoins higher. With macro conditions still uncertain and market
participants looking for signals of strength, Ethereum’s behavior
at these levels carries added significance. If ETH can maintain its
position above $2,750 and build momentum through $2,830, the market
could see an explosive shift in sentiment, potentially triggering
the next phase of the bull cycle. For now, all eyes remain on
Ethereum as it tests the top of its multi-week range with bullish
conviction. Related Reading: Ethereum Price Tests Ascending Channel
Resistance – Breakout Or Breakdown? ETH Holds Above Breakout Zone
After $2,830 Rejection Ethereum is currently trading at $2,749 on
the 4-hour chart, holding above a key breakout zone between $2,700
and $2,740 following a brief rejection at $2,830. After breaking
above this multi-week resistance last week, ETH surged into higher
territory before pulling back in the last few sessions. Despite
this retrace, the price has so far maintained support above the
previous resistance area, now acting as a strong demand zone. This
range—highlighted by the yellow box on the chart—served as a
ceiling for nearly a month before being flipped into support during
the breakout. Ethereum is now consolidating right above this area,
and as long as it remains above the 50 and 100 simple moving
averages (SMAs), the bullish structure is intact. Volume has
started to cool off slightly, suggesting that traders are waiting
for a decisive move—either a bounce toward $2,800–$2,900 or a
breakdown back below $2,700. Related Reading: Ethereum Still
Rangebound Below $2,735 Level – No Clear Breakout Yet A successful
hold of this support zone could confirm the retest and build
momentum for another breakout attempt. However, failure to hold
$2,700 could see ETH revisit the 200 SMA around $2,570. For now,
Ethereum remains technically strong, but traders are watching
closely for confirmation. Featured image from Dall-E, chart from
TradingView
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