An analysis has been presented that Ethereum (ETH) is continuing its strong rebound and testing a key resistance zone around $2,500. Rather than the short-term uptrend itself, the key criterion for determining future direction is whether the price can actually move above this level and turn it into a support zone.

▶ Accumulation at $1,500–$1,600 Followed by Rise... Absorbing the Resistance Zone Is Now the Key

Crypto Patel, an active member of the CoinMarketCap community, analyzed that Ethereum previously formed an accumulation zone between $1,500 and $1,600 before continuing its upward move. For investors who entered in that range, substantial returns have accumulated so far, but from this point on, how the existing resistance zone is absorbed is more important than targeting a new upward range.

In particular, Crypto Patel viewed the $2,300–$2,500 range as an area where supply pressure is concentrated on medium- to long-term charts. Since this zone is where strong selling pressure appeared in the past, the analysis is that rather than a simple intraday breakout, a move stabilizing above $2,500 on higher timeframe charts is needed.

▶ Securing a Daily Close Above $2,500 Is the First Step... Upside Target at $3,500

He assessed that if Ethereum forms a daily close clearly above $2,500, the existing bearish structure could be significantly weakened. He added that if the $2,500 area holds as support during subsequent pullbacks, there could be grounds to judge that the market structure has changed from before.

On the upside, the $3,500 area was presented as the next major price level. However, this is a technical scenario conditional on a preceding breakout and retest of $2,500. It should not be interpreted as implying a direct rise to that price level from the current position.

▶ A Correction Scenario Cannot Be Ruled Out Either... Watch Out for Profit-Taking Volume

Conversely, if the price is repeatedly pushed back within the $2,300–$2,500 range, the possibility remains that the recent uptrend could undergo another correction. In particular, given the magnitude of the recent short-term price gains, profit-taking volume could amplify volatility if it enters the market.

Ultimately, the key to determining Ethereum's next move lies not in the $2,500 breakout itself but in the price action that follows. Whether the price can convert the upper resistance into support after breaking above it, or is pushed back below the supply zone again, could serve as the inflection point that determines the medium-term direction.

[This article was written with AI assistance. Virtual assets are investment instruments with very high price volatility, and significant losses can occur in a short period. The price levels mentioned in this article, such as $2,500 and $3,500, are for reference based on technical analysis only and do not represent actual market movements or target prices. This article is not intended to encourage the purchase or sale of any specific virtual asset, and investment decisions and responsibilities rest with the investor.]