Analysts warn macro downtrend holds until Ethereum reclaims and holds $2,500
Ethereum is retesting the $2,150–$2,200 zone. Traders warn the breakout isn’t confirmed.
This band capped price since the early‑February drop. Multiple attempts above $2,150–$2,200 failed to hold, per market coverage here.
Analyst Ted Pillows says holding above $2,200 opens a move toward $2,400. But he adds, “don’t mistake it for the start of a bull run,” expecting new lows between Q2 and Q3 2026 source.
Market watcher Crypto Scient sees the macro downtrend from October intact. ETH sits near trend resistance with a lower‑high structure. He notes the trend must break, flip to support, and show acceptance. “Until that happens, this is just another retest in a downtrend” source.
Key levels and scenarios:
- $2,200: Hold above to target ~$2,400, per Pillows source.
- $2,500: “Start Engine” at the Realized Price. Ali Martinez calls a clean break and hold above $2,500 his trigger for a new macro bull rally. Reclaiming Realized Price historically ends the “cooling period” source context.
- $1,800: “Line in the sand” in a multi‑year ascending triangle. Aligns with the ~$1,880 0.80 MVRV Pricing Band, which Martinez says has marked cycle bottoms source.
- $2,079–$1,882: Large URPD buy clusters. Below $1,880, major buy‑walls at $1,584, $1,238, $1,089. In a parallel‑channel path, risk of a 30%–50% drawdown toward $1,150–$1,170 source detail.
Bottom line from the analysts: confirmation needs a break of the macro trend, a flip to support, and acceptance above it. Until then, caution at resistance.
