Historical patterns signal Ethereum bottom nearing despite $2,300 resistance

ETH death cross nears late-stage bottom. Price stalls below $2,300; $2,150 is the key support to watch.

Crypto analyst Sykodelic sees the bottoming process in its final 2–3% if not already complete here. In past cycles, Ethereum often bottomed at or shortly after a 3‑day death cross, with one slower instance noted here.

A death cross is when the 50‑day MA drops below the 200‑day MA. It can mark late downtrend stages as selling pressure fades and long-term buyers step in, per the same analysis.

Under the worst-case view, the final low could form about 54 days after the cross, pointing to around April 28 per Sykodelic.

Price action remains capped. According to trader Chad, ETH can’t clear the upper daily Bollinger Band and the $2,300 horizontal zone, with repeated rejections here. Bullish momentum looks insufficient for a clean breakout per this read.

Key levels now:
- Resistance at $2,300 and the upper daily Bollinger Band source
- Support near $2,150, a confluence with the 20‑day SMA source
- A breakdown below $2,150 risks further downside source
- A hold there could set up another attempt higher source

Title: ETH death cross signals late-stage bottom; $2,300 caps, $2,150 supports