Ethereum Monthly Reversal Hints at $2,500–$3,200 Mid-Term Bounce

By: cryptofrontnews|2025/05/03 00:45:01
0
Share
copy
Ethereum shows a strong monthly reversal, signaling a potential rally toward $2,500–$3,200.Bullish flag and breakout on charts suggest upside, but $2,700–$3,200 may act as resistance.On-chain data shows rising buying pressure and long-term accumulation by ETH holders.Ethereum’s price action on the monthly chart suggests a potential end to the recent correction. After taking out the August–October 2023 lows, the asset printed a strong reversal candle and held above the midline of a long-standing macro channel. This structural recovery points to a possible mid-term bounce toward the $2,500–$3,200 range in the coming months.Technical Structure Points to a Bounce, But Resistance AwaitsAccording to an analysis prepared by Hardy on X, Ethereum appears to be forming a bullish flag on the lower timeframes. On the monthly chart, the macro trend shows that the price has rebounded after testing and holding the midline of a long-standing ascending channel. This move followed a large reversal candle that occurred after Ethereum briefly broke below its previous cycle low.Source :Hardy(X)Ethereum is currently trading at around $1,848 after a short-term surge. The recent breakout from a falling channel pattern on the daily chart suggests further upside potential. However, the resistance between $2,700 and $3,200 may limit this rally. Hardy notes this area as a potential lower high rejection zone unless the channel is broken decisively to the upside.https://twitter.com/CryptoBullet1/status/1917946030773178711The Fibonacci retracement levels mark $2,000 as the next resistance, followed by $2,400 near the 38.2% level. A breakout beyond the 50-day EMA, currently aligning with the $1,850 supply zone, may act as a trigger for this projected bounce.On-Chain and Derivatives Data Supports Bullish BiasAccording to data from CryptoQuant, net taker volume has turned positive since April 23, suggesting growing buying pressure. The 30-day moving average of taker volume stood at $311,406 as of May 1. This shift may indicate that Ethereum is forming a bottom and attracting buyers again. Meanwhile, long-term holders have continued to accumulate ETH, with over 600,000 tokens added to staking contracts since late March. According to data observed by Oriole Insights, market sentiment remains bullish, with Ethereum leading trader interest at 82%. The open interest in Ethereum derivatives has also risen by over 3%, reaching $21.60 billion.The post Ethereum Monthly Reversal Hints at $2,500–$3,200 Mid-Term Bounce appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

-- Price

--

You may also like

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Dan Bin's latest speech: Don't miss out on a great era

Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com