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Analyst Says ETH May Re-enter $2,500–$4,000 Macro Range

  • Crypto analyst Rekt Capital suggests that Ethereum (ETH) is aiming to reclaim $2,500 as a support level, signaling a potential re-entry into the $2,500 to $4,000 trading range.
  • Re-establishing $2,500 as support could pave the way for ETH to move towards the upper end of the range over time, indicating a significant structural shift in Ethereum's price movement.
  • A successful reclaim of $2,500 may lead Ethereum to target the $4,000 zone, revisiting previous cycle highs and demonstrating strength in the altcoin sector amid market consolidation.
  • The outcome of Ethereum closing June will be crucial in determining if the breakout above $2,500 is sustained, with a failure potentially trapping ETH in a lower range between $1,600 and $2,200.

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