ETH strengthens above support, analysts say next target is $2,500!

Jakarta, Pintu News – Ethereum (ETH) price is showing signs of recovery after failing to break important support levels in recent weeks. This movement has fueled speculation that selling pressure is starting to weaken and buyers are taking back control of the market.

Currently, ETH is trading at around $2,154 or around Rp34,633,858 after rebounding from the $2,000 area. This prompted analysts to predict a potential rise towards $2,500 or around Rp40,192,500 if the bullish momentum continues.

Bullish Momentum Begins to Form

Ethereum (ETH) is starting to show strength after several weeks of sideways movement with high volatility. The price gradually rose towards the $2,200 resistance area, reflecting increased buying interest. The higher lows pattern formed indicates that buyers are gaining control of the short-term direction. However, the price structure is still in a consolidation phase.

Technical indicators are also showing a change in momentum. The Bull Bear Power (BBP) switched to the positive area signaling increased buying pressure. Meanwhile, the Relative Strength Index (RSI) rose above 70, reflecting strong momentum but approaching overbought conditions. This combination usually opens up opportunities for further upside with the potential for a short-term correction.

This indicates that the crypto market is starting to build bullish momentum gradually. However, resistance above the current price is still a major challenge. If buyers are able to sustain the pressure, ETH could resume its rise. Conversely, failure to break the resistance could trigger a temporary correction.

Read also: Strategy Buys 46,000 BTC, Analyst Says Bitcoin Has the Potential to Break $110,000!

Derivative data shows increased buying interest

Ethereum derivatives market activity also showed significant changes. Open Interest (OI) increased by around 11%, signaling traders opening new positions. This increase usually indicates an influx of new capital into the market. This reinforces the short-term bullish signal.

In addition, the funding rate turned positive at 0.0014%. This showed the dominance of long positions over shorts. Market sentiment seems to be favoring price increases. However, leverage levels are still moderate so the risk of large liquidations is relatively low.

The combination of rising open interest and positive funding rates reflects market optimism. Traders are starting to place positions with the expectation of price increases. This also shows confidence in Ethereum’s recovery. If this trend continues, ETH has the potential to continue its rally.

Also read: Bitcoin vs Ethereum Difference: Two Crypto Giants Ruling the Market

$2,500 Target is Key Area

Technically, Ethereum is trying to recover after dropping to the $1,700 area. From that level, the price rose again towards the $2,150 range. However, ETH is still below some important Fibonacci levels. One of the major resistances is around $2,495.

Additional indicators also showed an improvement in momentum. The Money Flow Index (MFI) moved up towards the 60 level signaling fund inflows. The Awesome Oscillator (AO) also shows a weakening of bearish pressure. This combination strengthens the signal of a gradual recovery.

If ETH manages to break the $2,200 area, the next target is around $2,400. After that, the price could potentially test the psychological level of $2,500. A breakout above the area could turn the trend more strongly bullish.

However, if the resistance fails to be broken, the price has the potential to drop again. The main support is around $2,000. A deeper drop could occur if momentum weakens. Therefore, the current area becomes the next decisive point of direction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• CCN. Ethereum (ETH) Price Targets $2,500 as Bears Lose Control. Accessed April 7, 2026
• Featured Image: Generated by AI