What are the levels that need to be broken for a big bullish move in Ethereum (ETH)?

Crypto analysis company MakroVision evaluated the recent price movements of Ethereum’s (ETH).

According to the technical analysis report published by the company, Ethereum has shown a strong breakout, breaking the downtrend and maintaining an upward outlook in the short term.

According to MacroVision's analysis, the breakout of Ethereum around the important resistance area of $2,400 and the red descending trend line has been a clear positive signal for the market. The rise that followed this breakout is described as an impulsive "V-shaped" recovery. The declines observed so far are merely corrective and not enough to disrupt the upward trend.

The analysis indicates that the initial profit realizations following the rally represent a technically healthy pullback. Currently, the $2,400 level stands out as a short-term support. However, if the price dips below $2,130, the existing positive structure could be disrupted, and a new assessment may be required.

MakroVision listed the next resistance areas that Ethereum may encounter:

• Range of 2,800–2,880 dollars: The levels that previously acted as support are now being monitored as resistance.
• 3.275 dollars: The next main level that could be targeted if upward momentum continues.