NewsBTC
Jun 26, 2025
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Ethereum Reclaims $2,444 Resistance Amid Bullish Market Sentiment

Ethereum Reclaims $2,444 Resistance

  • Ethereum has regained the critical $2,444 resistance after a recovery from below $2,200.
  • This rebound has sparked bullish sentiment, with analysts suggesting it could lead to an altseason.
  • M-log1 noted that ETH's price action indicates a shakeout of weak hands and potential for upward continuation.
  • If momentum persists, ETH may target $2,600–$2,800, a historically significant range.

Market Context and Geopolitical Influence

  • The surge followed a ceasefire between Israel and Iran, easing geopolitical tensions.
  • Despite rising optimism for Ethereum, macroeconomic concerns persist, particularly recession fears in the U.S.
  • Market focus is shifting toward Ethereum as a potential catalyst for broader altcoin growth.

Technical Analysis Highlights

  • ETH is currently trading at $2,451, having bounced back strongly from previous lows.
  • The 50-day SMA is at $2,254, while the 200-day SMA is near $2,780, marking key resistance levels.
  • Increased trading volume suggests heightened interest in ETH’s rally.
  • A sustained breakout above $2,650–$2,800 could signal a trend reversal leading to potential highs near $3,200.
  • Failure to maintain momentum might result in a revisit to $2,200 support.

Investors are closely monitoring Ethereum's performance for signals on broader market direction and altseason potential.