Ethereum Price Analysis: ETH Still Not Out of the Woods Despite Surge Past $2.3K
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ETH has rebounded after holding above February lows and has pushed into a key resistance zone, with buyers defending the ~$1,800 region. Daily chart still shows ETH below the 100-day and 200-day moving averages and the larger bearish structure remains, so a confirmed breakout is required to reduce downside risk; implications for crypto and DeFi trading activity if sellers re-emerge.
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Ethereum is finally showing more upside potential. After spending weeks building a base above the February lows, ETH has now pushed into a key resistance zone, which makes this one of the more important tests since the selloff began. The rebound is real, but it is now approaching an area where sellers previously stepped in.
Ethereum Price Analysis: The Daily Chart
The daily chart has improved, but the broader trend is not fully repaired yet. ETH is still trading below the major 100-day and 200-day moving averages, and the bigger bearish structure from the previous months has not been completely invalidated. Even so, the strong reaction from the $1,800 region confirms that buyers have been defending that area aggressively.
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Ethereum Price Analysis: ETH Faces a Crucial Test After Latest Rebound
