<ul><li>Ethereum has shown a strong trend reversal with a 45% rally, reclaiming major technical levels and sparking optimism in the altcoin market.</li><li>The surge has brought ETH back into key resistance zones, potentially signaling the start of a sustained altseason and renewing investor interest in altcoins.</li><li>Analysts believe Ethereum's price action could serve as a catalyst for a broader market recovery, with ETH trading at $2,442 at the time of writing.</li><li>ETH experienced a significant rally after breaking above the 'Descending Channel' pattern, surging by 88% from recent lows to $2,608 with strong resistance at $2,850.</li></ul>

Ethereum Technical Analysis Report – 13th May 2025

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