Ethereum is making a strong comeback after months of bearish sentiment and declarations of its demise.
Analysts are optimistic about Ethereum's potential for an upward trend, pointing to critical technical developments and reclaiming of a trading range.
Key resistance for Ethereum lies between $2,600 and $2,800, with support at $2,111 to $2,233, indicating a crucial juncture for the cryptocurrency.
The next few weeks will be decisive for Ethereum, with the potential for reaching $3,000–$3,500 if key resistance levels are surpassed, highlighting both upside opportunity and downside risk.