Ethereum has climbed back above the $1,825 mark, sparking renewed attention on the potential for a surge toward $2,500. The coin’s short-term rebound builds on a bounce from around $1,505, putting it in a position to test key resistance levels.
Key Support and Resistance Levels in Focus
Since hitting lows in June, ETH has recovered past key moving averages and is challenging the $1,825 level, previously a resistance point that traders hope now acts as support. Analyst Michaël van de Poppe suggests that as long as this support holds, the goal near $2,500 remains viable. The next hurdle lies around $2,465, with a broader target zone between $2,500 and $2,620 awaiting a sustained push above current highs.
Despite the optimism, vulnerability persists because daily closes below $1,825 could undo the progress, exposing lows near $1,700 or even revisiting June’s $1,505 support. Maintaining the $1,825 level is therefore critical for keeping the bullish momentum alive, paving the way first toward $2,000 and eventually higher.
Possible Correction Near $2,100
Another perspective comes from analyst CobraTrader, who points to $2,100 as a potential peak before a fresh correction. This threshold aligns with a Fibonacci retracement and may signal the end of an upward wave in an Elliott Wave pattern. Failure to break above $2,100 decisively could lead to a pullback targeting a wide support range between $1,000 and $1,250.
Additional support around $1,505 strengthens the case that a deeper downside remains a threat if these levels fail to hold. Yet, the long-term trajectory still leans bullish, envisioning a recovery beyond $3,400 and even a push toward $5,000 after any correction.
The coming days hinge on whether Ethereum can hold above $2,100. A sustained break would throw the bearish wave count into question, while a rejection might confirm the start of a significant retracement.
