- Ethereum’s 43% rebound from $1,600 confirms renewed bullish momentum as it reclaims the critical $2,200 macro support level.
- ETH’s monthly close above $2,435 signals a strong range re-entry with historical support suggesting momentum toward the $3,900 resistance.
- Holding above $2,200 keeps Ethereum in a bullish macro range as traders now target a potential continuation toward $3,900 highs.
As per Rekt Capital, Ethereum (ETH) has taken back the key $2,200 support level, which is a strong bullish return in its macro price range. The monthly timeframe indicates Ethereum has broken back into its $2,200–$3,900 range. As a result, it sets itself up for a potential continuation to the upper end. Historical patterns suggest that staying above $2,200 tends to create upward momentum in the long run.
In addition, ETH gained more than 43% from its previous low after recovering from the $1,600 support zone. Rekindled buying demand following a pullback from late 2023 highs is seen in this recovery. Moreover, Ethereum’s current monthly candle sits strongly above $2,435, confirming the range re-entry. This move follows a deep decline that began at the $3,900 resistance zone, which saw multiple rejections.
Previous Support Holds Strong Amid Downtrend
In 2022, Ethereum found major support between $1,000 and $1,400. This broad demand zone helped halt prolonged bearish pressure. Multiple monthly candles closed within this zone, forming a solid base. ETH formed an accumulation range by consolidating between $1,400 and $2,100 by the beginning of 2023.
Source: Rekt Capital
A rejection around $2,100, marked by a red circle, stalled progress temporarily. However, the green circle in mid-2023 marked a critical rebound of support. That bounce fueled a rally, pushing prices back to the $3,900 resistance. This area, once again, acted as a supply wall, leading to a sharp retracement.
Breakout Reclaim Brings Bullish Sentiment
The price fell back to the $1,600 support by early 2025, where another rebound took place. A green circle identifies this successful retest. This bounce catalyzed a 43.68% move upward, as marked by the chart’s blue box. Ethereum’s price climbed by $742, reclaiming the $2,196.9 level.
Additionally, blue circles show previous breakout and retest zones around $2,200, indicating historical strength at this level. Hence, a continued hold above $2,200 keeps ETH within its macro bullish range. Moreover, traders now eye the $3,900 resistance as the next key target.
