Some crypto analysts have affirmed that Ethereum (ETH) is facing a pivotal moment as it retests a major resistance barrier that could make or break the King of Altcoin’s recovery dreams.
Ethereum $2,400 Retest: Breakout or Fakeout?The cryptocurrency has been hovering between $1,800-$2,450 since the early February market crash, attempting to break out of this range on multiple occasions but ultimately failing.
Multiple crypto market observers noted that Ethereum has been pushing toward a breakout over the past week, reaching a three-month high of $2,464 last Friday and testing the $2,425 level today.
Similarly, Daan Crypto Trades pointed out that after today’s performance, the King of Altcoins is near its bull market band and the weekly 200 Moving Average (MA), currently at $2,450.
This level was lost as support in mid-January, and a weekly close above it could open the door to a retest of the weekly 200 Exponential Moving Average (EMA), located around the $2,560 mark.
“Ethereum could have a liquidity grab above the $2,400-$2,450 level similar to Jan 2026,” he explained, when the price retested the $3,400 area before crashing.
Traders Eye $2,900 And Beyond“With the overhead supply cleared, the technical objective for this formation is now $2,900. As long as we hold above the breakout zone, the momentum remains firmly with the bulls,” he wrote.
“If this level holds, $6,000 is the mid-2026 target based on the channel structure,” he suggested, concluding that “Bullish momentum building.”
