Ethereum tests the key weekly resistance – the analyst fixes a target of $ 4,000 if eth

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Ethereum takes the lead on the cryptography market while Bitcoin continues to consolidate near its peaks of all time. After months behind the BTC, ETH is now making a strong movement, the bulls pushing prices to the critical resistance of $ 2,800. This level, which has constantly capped the momentum since the beginning of February, is now the key battlefield of the next major stage of Ethereum.

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The feeling of the market has changed while Ethereum shows signs of recovery domination, drawn by the renewed demand for demand and the strengthening of techniques. Analyst Ted Ted weighed on the rally, stressing the importance of the $ 2,850 mark. According to the pillows, this is the most important resistance that Ethereum was confronted in this cycle, and piercing it could unlock a powerful movement around $ 3,000 and beyond.

The momentum has constantly built in recent weeks, and ETH’s recent resilience against macroeconomic pressure adds to the conviction. If the bulls manage to return this resistance to the support, this could mark the start of a wider Surge Altcoin. For the moment, all eyes are on Ethereum because it flirts with a break that could reshape the dynamics of the market before June.

Ethereum eyes extension phase in the middle of the global dynamics of change

Ethereum is positioned for a potentially expansive decision while the technical indicators and the feeling of the market continue to align themselves in its favor. After weeks of consolidation and regular gains, ETH now tests the resistance of $ 2,850 – a level that has maintained the price since February. The configuration suggests that Ethereum not only resumes the momentum, but could also lead the next phase of the cryptographic rally.

While the cryptography market is gaining ground, wider macroeconomic forces reshape the behavior of investors. A recent decision by the American Federal Court to dismantle the prices of former President Trump in various countries has created a new uncertainty in the world markets. This policy reversal could introduce the volatility of traditional finances, because the commercial dynamics change and the new budgetary responses take shape.

Despite this uncertainty, Ethereum seems to prosper. There is an opinion that cryptographic ashs and ETH could well work in close economic conditions, and the current price action supports this point of view. ETH shows resilience, supported by the growing demand for demand, an upward structure and the growing confidence of investors.

Pillows highlighted in His latest analysis That if Ethereum recovers the level of $ 2,850 in upcoming sessions, the path to $ 4,000 will open quickly. This would represent a major escape and probably trigger a wave of capital rotation from bitcoin and stables in altcoins.

Ethereum Testing Resistance | Source: Ted pillows on x
Ethereum Testing Resistance | Source: Ted pillows on x

For the moment, ETH remains just below an escape point. If the bulls can push decisively above the resistance, this would confirm the beginning of an expansionary movement which could reshape the wider market, positioning Ethereum as a main force in the next phase of the cycle.

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ETH recovers the levels of weekly keys

Ethereum displays a renewed force on the weekly graphic, currently negotiating at $ 2,728.36 after reaching a summit of $ 2,789.50. This decision marks a significant recovery from recent stockings close to $ 1,600 and confirms the formation of a strong upward trend. ETH has now recovered the EMA from 34 weeks to $ 2,511.42 and grows above the SMA from 100 weeks to $ 2,605.71. These mobile averages are now acting as dynamic support levels, strengthening the bullish feeling.

ETH recovers key weekly levels | Source: Ethusdt table on tradingView
ETH recovers key weekly levels | Source: Ethusdt Thagne on tradingView

The following critical level to watch is the 50-week SMA, currently at $ 2,729.64, just slightly above the current price. A weekly fence confirmed above this level would mark the first time that ETH would have a force above since the end of 2023. This could open the door to a boost to the $ 3,200 at $ 3,600, with $ 4,000 in sight if the momentum accelerates.

The volume also resumed this recent decision, reporting a healthy participation of buyers. Historically, similar recovery from large mobile medium clusters preceded expansive legs in the price of Ethereum.

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As long as ETH maintains this structure and closes the week above $ 2,700, the bulls are likely to keep control. The escape greater than $ 2,850 – The hand defended at the beginning of 2024 – remains the last obstacle before Ethereum can challenge the summits of the anterior cycle.

Dall-e star image, tradingview graphic

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