The crypto market is taking a breath after a strong rise. Ethereum (ETH), the largest altcoin, broke through a crucial resistance level in recent days and is now consolidating above $2,300. Newsbit analyst Erik Juffermans expects the zone around $2,500 to be the next price target.
ETH consolidates after breaking through $2,100
Ethereum recently broke through the persistent resistance around $2,100. The price now fluctuates around $2,300, a zone that served as a support level in the late summer of 2024 and the summer of 2025. That explains why ETH stops here for a moment.
A pullback towards $2,100 is not excluded, according to Juffermans, but would be a healthy retest of the former resistance. As long as that level holds, $2,500 remains the short-term price target.
Weekly chart points to $2,800
The daily fluctuations distract from the bigger picture. On the weekly chart, Ethereum is on its way to $2,800, the most recent significant resistance level, according to Juffermans.
On the positive side, the recent bottom around $1,800 is still a higher low compared to the bottom in April 2025. This indicates a structural recovery. At the same time, the price is still technically in a downward trend. A break of the descending trend line would be a strong bullish signal.
ETH has been losing ground to Bitcoin for years
The ETH/BTC chart, which shows the value of Ethereum against Bitcoin (BTC), has shown a clear downward trend since the end of 2021. Ethereum has been losing relative value compared to BTC for over three years. A break of the downtrend line on this chart would be a signal that that balance is starting to tilt.
Source: https://newsbit.nl/newsbit-analist-over-ethereum-doorbraak-trendlijn-verandert-alles/
