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Ethereum’s price is nearing the $2,100 mark, reigniting attention from market participants. Experts indicate that technical indicators support an upward movement. Provided critical support levels are maintained, the current chart structure, signaling a short-term recovery, could set the stage for a potential rise. There is a consensus among analysts that this technical setup, resembling historical cycles, may create new buying opportunities.
Strengthening Technical Structure: A Potential Rise on the Horizon
In recent days, Ethereum’s price has stabilized around $2,065. This level is perceived as significant both psychologically and technically. Technical analysts believe that surpassing liquidity zones above $2,100 could initiate a strong upward trend.
Analyst Crypto Patel observed a notable bullish structure in the ETH/USDT pair. According to Patel, the price’s recovery at critical support levels heightens the likelihood of an upward breakout. This support level aligns with data from previous price movements, serving as an important reference point for traders.
There are also discussions about a possible price pullback to around $1,900 before regaining strength. Analyst MAXPAIN highlights the accumulation and support zones in this range. The technical area formed between $1,874 and $1,924 is viewed as a strong defensive line for buyers.
Drawing Parallels with Historical Cycles
Ethereum’s weekly chart exhibits a structure similar to the 2018-2020 period. Analyst TimeFreedomROB recalls that significant recoveries followed previous vertical rises and their corrections. This situation fuels expectations that similar scenarios may unfold with the current price movements.
Long-term investors place special emphasis on the support zone between $1,800 and $2,000. Historically, this area has served as a strong defensive barrier multiple times. Technical indicators also suggest that this zone remains relevant, with both trading volume and market capitalization data demonstrating active support for these levels.
Short-term market movements are increasingly shaped by liquidity areas. Surpassing $2,100 could amplify upward momentum. Experts indicate that buying pressure above this level could propel Ethereum 
$2,467 to higher price points.
