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Ethereum Upside Target Around $2,800 As Price Tests Key Resistance

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Este artículo también está disponible en español.

Ethereum is testing a key resistance level around $2,640, and many analysts believe that breaking this point could trigger a significant surge in price. As the entire crypto market gains strength, optimism is growing among investors, who are eagerly waiting for Ethereum to catch up with Bitcoin’s recent rally. 

The sentiment is positive, and traders are closely watching to see if ETH will make its move soon. Top analyst and investor Carl Runefelt has shared a technical analysis highlighting an optimistic outlook for Ethereum in the coming days. He believes that a successful breakout above $2,640 could push ETH to much higher levels, aligning with the market’s overall bullish trend. 

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As the market strengthens, the next week will be crucial, not just for Ethereum but for the entire crypto space, as investors prepare for what could be the start of a new rally.

With key resistance being tested and momentum building, Ethereum’s next move will likely set the tone for its performance in the short to mid-term. Investors and analysts are keeping a close watch, as the outcome of this resistance battle could determine the direction of Ethereum’s price action in the near future.

Ethereum Needs A Clean Breakout

Ethereum looks ready for a significant rally, with price action suggesting a move to new highs. The market is buzzing with excitement as greed rises and bullish momentum takes hold, pushing ETH toward a potential breakout. 

After weeks of accumulation, Ethereum is now flirting with breaking out of a bullish pattern, setting the stage for a possible surge.

Top analyst and investor Carl Runefelt has shared his technical analysis on X, highlighting that Ethereum needs a clean breakout from its current ascending triangle pattern.

Ethereum needs a clean break out of this ascending triangle
Ethereum needs a clean break out of this ascending triangle | Source: Carl Runefelt on X

According to Runefelt, the upside target is $2,800, which marks the last major resistance level from the two-month accumulation phase ETH has experienced. A successful breakout from this key structure would signal the start of a potential rally, fueling optimism across the market.

Runefelt also emphasized the importance of this lower timeframe price action, calling it crucial for Ethereum’s long-term development. Breaking above $2,800 could open the door to even higher levels, aligning ETH with the broader bullish sentiment seen across the crypto market. 

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With the bullish sentiment continuing to build, traders and investors are watching closely, anticipating whether ETH will finally catch up to Bitcoin’s recent rally and set a course for new highs.

Key Levels To Watch 

Ethereum is trading at $2,640 after six days of choppy price action, just below the key $2,650 resistance level. A breakout above this level is essential for bulls to regain momentum, followed by a reclaim of the 200-day exponential moving average (EMA) at $2,797. 

ETH testing key resistance at $2,650
ETH testing key resistance at $2,650 | Source: ETHUSDT chart on TradingView

However, there remains a risk that ETH could fail to break through this resistance, leading to a search for liquidity in lower demand zones. If the price cannot clear $2,650, a deeper retrace might occur as the market seeks support. 

Despite this risk, as long as Ethereum holds above the $2,500 mark, the broader bullish outlook remains intact, giving hope to investors expecting an eventual rally.

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In the coming days, Ethereum’s ability to break through these resistance levels will be crucial in determining whether it will continue its upward trajectory or face a temporary setback. The market remains cautiously optimistic, with traders watching closely for a decisive move above key resistance to confirm the next phase of the rally.

Featured image from Dall-E, chart from TradingView



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Ethereum Derivative Market Sees Over 50,000 ETH Inflow, Price Fall Imminent?

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.



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Ethereum Bullish Pattern Signals Upcoming Rally – Analyst Sets $2,870 Target

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Este artículo también está disponible en español.

All eyes are on Ethereum as the crypto market watches closely following Bitcoin’s recent surge. Analysts and investors are now cautiously waiting for Ethereum to catch up, with some fearing that ETH’s performance in this cycle may fall short of expectations. 

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Recent price action for Ethereum has shown signs of strength, giving investors confidence that a potential breakout could be near. Ethereum is currently trading within a bullish pattern that, if broken, could lead to a massive surge in the coming weeks. 

With Bitcoin leading the way and market momentum building, ETH could be poised to follow, unlocking new gains and potentially signaling the start of a powerful rally for the altcoin. 

Investors are closely watching for signs that Ethereum will break free from its consolidation and begin to climb, as it remains one of the most closely monitored assets in the market.

Ethereum Flirting With A Surge

Over the past few weeks, Bitcoin has surged, leaving investors eagerly waiting for Ethereum to follow suit. Top analyst and investor Carl Runefelt has shared his technical analysis on X, highlighting a bullish pattern emerging on Ethereum’s 1-hour price chart.

Ethereum ascending triangle pattern
Ethereum ascending triangle pattern | Source: Carl Runefelt on X

Runefelt’s analysis points to an ascending triangle formation, which is generally a bullish indicator. According to him, if Ethereum manages to break above this pattern, a rapid surge to $2,870 could be imminent. 

This price level represents a key target for Ethereum, as it signals a strong upward move and confirms that the altcoin is catching up with Bitcoin’s recent performance.

However, there are still risks that Ethereum could continue to trade sideways if it fails to break the current resistance level. In that case, ETH could remain trapped in consolidation for a longer period, which would cause further frustration among investors hoping for a rally. 

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Despite these risks, market conditions favor Ethereum’s potential breakout as bullish sentiment grows. Analysts are watching closely, anticipating that Ethereum’s moment to surge could come soon, setting the stage for significant gains.

Price Levels To Watch

Ethereum (ETH) currently trades at $2,624 after three days of uncertainty and volatility. The price recently surged by 10% from the $2,400 area, showing signs of strength, but now faces a crucial resistance level. 

ETH testing crucial resistance
ETH testing crucial resistance | Source: ETHUSDT chart on TradingView

For the bulls to regain momentum, Ethereum needs to push above the current price and reclaim the 200-day exponential moving average (EMA), which is $2,800. This significant level would signal that ETH is back on track for further upside, potentially catching up with Bitcoin’s recent gains.

However, if Ethereum fails to break above this key resistance and reclaim the 200-day EMA, it risks entering a sideways consolidation phase. A failure to hold current levels could lead to a retrace, with support likely around the $2,450 mark. 

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Traders and investors are closely watching the price action as Ethereum’s next move will determine whether it can break free from its current uncertainty or continue to face resistance in the coming days. As the broader crypto market remains volatile, Ethereum’s ability to hold key levels will be critical for its near-term outlook.

Featured image from Dall-E, chart from TradingView



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EthOS launches hardware device for Ethereum on-chain dApp interactions

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EthOS launches hardware device for Ethereum on-chain dApp interactions
  • ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions.
  • dGEN1 runs on LineageOS with a Nimbus client, eliminating third-party RPCs.
  • Preorders open at 0.2 ETH via NFT minting, shipping in Q2 2025.

The Ethereum-based operating system ethOS has unveiled the dGEN1, a pioneering hardware device designed to enhance interactions with on-chain decentralized applications (dApps).

This innovative product, which ethOS describes as “the first on-chain everyday carry,” is specifically optimized for users engaging with Ethereum’s expanding ecosystem.

dGEN1 will operate on a version of LineageOS

The launch of the dGEN1 follows the success of similar blockchain-focused devices, such as the Solana Mobile Saga and Seeker. However, unlike its Solana counterparts, the dGEN1 does not offer telecom capabilities, focusing solely on Ethereum interactions.

The dGEN1 operates on a specialized version of LineageOS, a popular Android fork, which enables the integration of a native Nimbus light client. This feature allows users to verify their data while interacting with dApps, eliminating the need to rely on potentially untrustworthy third-party remote procedure calls (RPCs).

The device also includes a built-in browser that supports IPFS and .eth domains, facilitating seamless access to decentralized content.

One of the standout features of the dGEN1 is its dedicated screen, which provides real-time transaction notifications and metadata during network interactions. This functionality aims to enhance the user experience by ensuring that users remain informed about their activities on the Ethereum network.

dGEN1 preorders currently open

For those interested in acquiring the dGEN1, preorders are currently available through an NFT minting process on the Base Layer 2 network for 0.2 ETH, approximately $520.

According to the company, shipping of the devices is expected by the second quarter of 2025, and as of now, around 630 users hold the associated NFT.

In addition to the device, ethOS plans to reward device owners with an airdrop upon delivery of the dGEN1. Each owner will share in the airdrop pool, further incentivizing early adopters.

With its unique features and design, the dGEN1 aims to position itself as an essential tool for Ethereum enthusiasts looking to engage with on-chain dApps efficiently.



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