Ethereum is on the verge of recovering the $2,500 level. As of the morning of the 22nd, Ethereum was trading at $2,456, leaving a gap of just $44 to $2,500 — a level reachable with only about a 1.79% rise from the current price. As analyses predicting a rebound following the recent decline have emerged, whether Ethereum can break through short-term moving averages and whether buying pressure will persist are being highlighted as key variables in the cryptocurrency market.

Analyst Suggests Correction May Be Over... $2,425–$2,500 Buy Zone

Cryptocurrency analyst GK-Aronno suggested on the CoinMarketCap community that Ethereum's downward correction may have concluded, predicting further upside. He presented $2,425–$2,500 as the entry zone for buying, set the stop-loss at $2,350, and the upside target at $2,740. This is merely the analyst's personal trading strategy and does not mean the price will necessarily reach the target level.

Key Level: The $2,493.80 Moving Average

GK-Aronno claimed that buying volume flowed in around $2,425 and that a new bullish candle formed after the decline. He also assessed that the strength indicator he uses fell to 34.54, creating room for further gains. Notably, the key price level he cited is the moving average located at $2,493.80. His outlook is that if Ethereum breaks above this level, it could rise to $2,740.61. Based on the current price of $2,456, a rise of approximately 1.54% is needed to reach $2,493.80, and about 11.59% to reach $2,740.61. However, breaking through the moving average alone cannot determine whether the target will be reached.

Strategy of Raising Stop-Loss at 3–4% Gains

GK-Aronno also presented a strategy of raising the stop-loss price to the entry price level once returns reach 3–4%. However, such adjustments do not completely eliminate the risk of loss. Sudden price swings or order execution delays can result in the actual liquidation price differing. For reference, the analyst's stop-loss level of $2,350 is approximately 4.32% below the current price.

Key Watch Points: Holding $2,425 and Breaking $2,493.80

In Ethereum's short-term trajectory, whether the price holds around $2,425 and whether it breaks through the $2,493.80 moving average are the key points to watch. Whether buying pressure persists after surpassing $2,500 will likely determine the assessment of further upside potential. Conversely, if the price is pushed back below $2,425, expectations for a short-term rebound could weaken.

Ultimately, Ethereum reaching $2,500 is a feasible scenario given that the required rise from the current price is not large. However, to turn this into a sustained uptrend, trading volume and buying pressure must support the price after the breakout.

[This article is intended to provide information for investment reference purposes and does not recommend buying or selling any specific asset. Conditions may vary depending on market circumstances. Investment decisions and the responsibility for them rest with the investor. AI provided partial assistance.]