The Ethereum has finally crossed a major technical barrier that has been blocking its ascent for several months. After a difficult period, the second global crypto now displays promising technical and fundamental signals, revealing possible progression to 3,000 dollars.
In short
- Ethereum breaks its six -month downward trend line, confirming a change in dynamics.
- The total locked value (TVL) on Ethereum jumped 41 % in a month, reaching $ 52.8 billion.
- Daily transactions increased by 22 %, testifying to a renewed activity on the network.
- Analysts identify major resistance at $ 2,100 and $ 2,800 before the $ 3,000 target.
Ethereum finds its bullish momentum
After months of decline, Ethereum has just broken its negative trend which has persisted since mid-December 2024. The price of the ETH, now at $ 2,068.2, made a spectacular rebound which clearly removes it from its recent low points.
April 22 marked the real inflection point, when Ethereum crossed the key resistance of $ 1,600. This technical breakthrough, which investors were impatiently awaiting, clearly points out a trend reversal.
Technical indicators unanimously support this recovery. The relative force index (RSI) jumped from 56 to 66 in barely 24 hours, testifying to a rapid acceleration of upward dynamics. Instructions for transactions and the configurations of positive candles on daily graphics reinforce this optimistic reading.
Crypto market experts share This enthusiasm. Analyst Mikybull Crypto identified $ 2,000 and $ 2,250 as next obstacles to overcome.
Even more daring, Crypto Claws says that the ETH is ” Ready for a major bullish reversal “And aims for an area between $ 2,500 and $ 3,500. This progression already attracts many investors on Binance and the main exchange platforms.
The fundamentals are significantly strengthened
On-chain data comfort this technical recovery. The total locked value (TVL) on Ethereum increased from $ 44.5 billion in early April to 52.8 billion in early May, an impressive increase of 41 % in a month. This essential metric confirms the return of investor confidence.
Decentralized applications built on Ethereum also show signs of vitality. The depots on BlackRock Buidl increased by 50 %, those on Spark by 33 %, and on ether.Fi of 25 %. These figures bear witness to an expanding ecosystem despite the difficulties encountered previously.
The recent Pectra update, deployed on May 7, could accentuate this trend. Although its immediate impact seems limited, the improvements it brings to the architecture of the network could further stimulate activity and justify a higher valuation in the coming weeks.
After difficult months and despite competition from Bitcoin ETF, Ethereum finally seems to regain its vigor. If the next resistances are successfully crossed, the psychological level of $ 3,000 could be reached in the near future, marking the real return in force of the assets Crypto.
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