Ethereum (ETH) is showing some positive signs, but it’s facing a significant challenge. Analysts have differing opinions on how high it might go, but they all agree on one thing: $2100 is a key resistance level.
The $2100 Wall and Beyond
Several analysts believe Ethereum has hit bottom and is poised for a rally. However, the price needs to break through the $2100 resistance level to really take off. One analyst, Ben Gray, points to a slightly higher resistance at $2160. He sees the current price fluctuation between $2044 and $2080 as a sign of a forming bottom. While optimistic, Gray’s long-term prediction (for 2025) of $2904 to $4887 is still below Ethereum’s all-time high. Another analyst, Ali Martinez, adds another resistance level to watch: $2300.
Why Analysts Think Ethereum Has Bottomed
The belief that Ethereum has bottomed out isn’t just based on gut feeling. Several analysts cite technical indicators to support their claims. One analyst, Titan of Crypto, points to a bullish crossover on the weekly Stochastic RSI, a signal often associated with market bottoms. This analyst even predicts a potential rally to $6000! Another, Crypto Caesar, adds that Ethereum is “heavily undervalued” and that its history shows it always recovers from major dips, eventually reaching new highs.
The Current Situation
Currently, Ethereum is trading around $2022, down slightly in the last 24 hours. Whether it can overcome the $2100 resistance will be crucial in determining its short- and medium-term trajectory. The coming days will be key in confirming whether the bullish predictions are accurate.
