Ethereum is strengthening below the critical resistance level at $2,149, adding to the pressure as bulls and bears fight for control. Decisive breakout above this zone could trigger forceful momentum, potentially driving price towards the next major resistance near $2,750.

Test of key resistance at $2,149

Ethereum is currently testing the resistance level at $2,149. According to insights from Bitcoin Meraklısı, this threshold represents a significant turning point for the asset’s short-term trajectory. A successful breakout and consolidation above this level would likely act as a catalyst, providing the necessary technical clearance for the price to gain significant upward momentum.

While there is an intermediate resistance zone around the $2,380 level, it is not currently seen as a threatening barrier. Instead, it is expected to serve as a short-lived break or minor consolidation point, rather than a final reversal zone.

The main target of the bulls after a indefinite breakout is around the level of $2,750. This area represents the first zone of high supply and historical resistance that could challenge the prevailing trend. Reaching this level would represent a significant phase of recovery, consistent with the broader growth expectations outlined in recent technical assessments.

For those looking for deeper structural clarity, comprehensive Elliott Wave analysis is considered. This framework presents fundamental wave numbers that support current price targets, with the hope that the market structure will produce a favorable outcome.

Ethereum hits the first micro support zone

In recent updateMore Crypto Online noted that Ethereum has entered its first micro support zone, reflecting a similar development to Bitcoin. While the presence of support is encouraging, the pullback has been sharper than expected and does not resemble a typical second-wave correction, leaving the overall market structure somewhat uncertain.

This piercing pullback raises questions about the sustainability of the current uptrend. Unlike a regular corrective wave, which tends to be shallower and arranged, Ethereum’s move suggests that selling pressure is stronger than usual and buyers are testing their confidence at this level.

In this context, the market still has the potential to head lower towards the $1,820 region. Such a scenario would indicate that a deeper pullback is underway, challenging both short-term and intermediate support zones.

The first signal that this bearish scenario may gain credibility would be a sustained break below the red support line marked on the chart. A decisive close below this level would signal an initial structural breakdown and could pave the way for further declines, changing the current outlook for Ethereum in the near term.