Ethereum (ETH) Shows Bullish Signals, Can It Surpass Hurdles?

Ethereum (ETH) is once again catching the eye of traders and analysts as it flashes strong bullish signals amid a broader market recovery. With price climbing above key psychological levels and network activity rising, ETH might be gearing up for a major move, but technical resistance zones still stand in the way. So, will Ethereum finally break through and reclaim higher ground? 🔍 Technical Patterns Suggest Strength Over the past week, ETH has traded within the $2,800–$3,000 range, forming a classic ascending triangle, a pattern typically seen before bullish breakouts. Analysts say the next resistance lies at $3,150, and a decisive move above it could trigger a surge to $3,600 or even $4,000, a level not seen since early 2022. Crypto strategist Michael van de Poppe believes that ETH is showing resilience: "Ethereum’s structure is solid. If Bitcoin stabilizes, ETH will likely outperform and lead the altcoin market." 📈 On-Chain Metrics Turn Bullish Beyond price charts, Ethereum’s fundamentals are looking strong. Network fees are climbing, DeFi TVL is increasing, and ETH staking continues to hit new all-time highs. These indicators reflect growing confidence in Ethereum’s long-term utility and institutional appeal. Data from Glassnode shows that the number of wallets holding more than 10 ETH has steadily increased, a signal that whales might be preparing for an extended rally. 🔥 Upcoming Catalysts to Watch Several key events may push ETH forward: Dencun upgrade impact still unfoldingETF speculation in Q3 2025Growing interest in restaking and L2s like Base and Optimism These elements could amplify bullish momentum if Ethereum can conquer its technical hurdles first. ✅ Conclusion Ethereum’s recent price action and improving fundamentals suggest a bullish scenario may be brewing. However, investors should keep an eye on resistance near $3,150 and $3,600. If ETH breaks through these barriers, it could signal the start of a new altcoin rally, with Ethereum leading the charge.

⚠️ DisclaimerThis article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.