After experiencing months of consolidation and fluctuation, Ethereum’s price has recently stabilized gradually, and signs of market recovery are beginning to appear. With improvements in technical structure, ETH has regained key support levels, and bullish sentiment has warmed up. However, from an overall trend perspective, the upward space still faces multiple tests, and whether the rebound can be sustained remains to be further confirmed.
In the short-term trend, Ethereum successfully broke through the 1-day bull support band, which has played an important reversal role in previous adjustments. This technical breakthrough has injected confidence into the market, but some analysts remain cautious. Crypto analyst Luca pointed out that the current rebound is more like a structural correction rather than a clear trend reversal. The real key lies at the 0.618 Fibonacci retracement level, which is around $3120. If ETH cannot effectively hold this zone, the current rally may still be viewed as a false breakout.
Until the trend confirmation is completed, volatility risks still exist. Luca warned investors to refer to Bitcoin’s current inability to effectively break through key Fibonacci resistance levels and avoid overextending during uncertain phases. If Ethereum loses the current support, the price may test the high timeframe resistance zone near $2700, accumulating momentum for the next more stable upward move.
Meanwhile, some analysts hold a more optimistic view on the medium-term trend. StockTrader_max stated that Ethereum closed above the 50-day moving average for the first time in early 2026, which is the first since the significant market liquidation last October. This signal is often regarded as an important sign of trend strengthening, indicating that buying power is returning and market momentum is gradually recovering.
From a technical target perspective, the next key resistance is near the 200-day moving average at around $3550. If capital continues to flow back and risk appetite improves, ETH price is expected to test this zone. Overall, ETH is currently in a critical window transitioning from consolidation to trend, and whether support is solid will determine the height and sustainability of subsequent market movements.
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