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Ethereum Just Flipped Key Support—Is a $2,100 Breakout Inevitable?
By: coindoo|2025/05/07 22:45:02
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In a recent update, he notes that ETH is “hodling above the crucial level” and beginning to bounce, setting the stage for a potential breakout toward $2,100 in the coming 1–2 weeks.The chart provided by van de Poppe highlights a textbook reclaim of a previous support level, which had briefly failed but has now been reestablished as a solid demand zone. He points out a “deviation beneath the support” in April, which often acts as a fake-out followed by a rally — a bullish signal.Volume is beginning to rise, and the price action is forming higher lows, suggesting that buying pressure is building. The RSI (Relative Strength Index) at the top of the chart also shows improvement, pointing toward growing bullish momentum. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bernstein Predicts $330 Billion Corporate Bitcoin Allocation in Next 5 Years The next key target identified on the chart is the $2,100–2,150 zone, which would represent a significant breakout from recent consolidation levels.The post Ethereum Just Flipped Key Support—Is a $2,100 Breakout Inevitable? appeared first on Coindoo.
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