- Ethereum broke through $2,100 and entered a low-volume zone, gaining over $500 with minimal resistance ahead.
- Daan Crypto Trades flagged ETH’s breakout as a short squeeze, cautioning on the lack of structure in the $2,100–$2,800 range.
- Borovik. Sol noted ETH’s sharp V-recovery from $1,500 to $2,460, reclaiming a key level last rejected in November 2024.
Ethereum has surged past the $2,100 resistance, confirming a strong continuation pattern on the daily timeframe. The move adds over $500 in gains, positioning ETH inside a volatile price gap with limited resistance.
Breakout Drives Ethereum Into Acceleration Zone
ETH/USD broke above the $2,100–$2,168 resistance zone, entering the low-volume range between $2,168 and $2,851. The chart reveals bullish momentum supported by long candle bodies and minimal retracements, signaling strong demand. The current daily close near $2,460 reflects continued strength with buyers holding near session highs.
Source: Daan Crypto Trades
As we can see from the post above, one bullish analyst, Daan Crypto Trade, has provided insights on ETH’s rapid breakout. He noted that Ethereum reclaimed $1,750, a former rejection zone, and then turned it into confirmed support. Daan said breaking above $2,100 was quick and left no room for significant pullbacks.
Daan explained that most of the recent upside resulted from a short squeeze, which often causes rapid price expansions. ETH now trades in a wide $2,100–$2,800 range. In his view, this zone lacks structure and does not offer favorable risk-to-reward setups for short-term trades.
He also pointed out the risk of ETH moving too far, too fast, which could trigger a future flush. Not only that, but there’s also a concern that overextended rallies may become difficult to sustain or recover from. He prefers monitoring rather than participating until a retest confirms long-term support above $2,100.
Secondary Analysis Shows ETH Reclaiming Mid-Range Structure
An additional key observation is that that analyst Borovik. Sol remains bullish on Ethereum’s mid-range recovery. In tracking market movements, Borovik’s chart shows ETH reclaiming $2,460.805 after a sharp rebound from lows near $1,500 in April.
Source: Borovik.sol
Demonstrating confidence in the reversal, Borovik’s post highlights a strong V-shaped pattern backed by rising volume and rapid price acceleration across several daily candles. Referencing the psychological $5,000 target, Borovik. Sol believes the move places Ethereum halfway toward its all-time highs. Additionally, ETH now sits in a zone with little historical resistance.
Providing further technical context, the chart confirms that $2,460 aligns with a prior rejection zone from November 2024, now reclaimed with momentum. Still, this doesn’t mean everything is settled; any drop below $2,168 could threaten the current structure and signal weakness.
