Ethereum Eyes Critical Resistance After 77% Surge From Lows

MakroVision Analytics reports a recovery in Ethereum’s price structure, validating their earlier bullish outlook. Ethereum has staged a powerful rebound, surging over 77% from its local bottom near $1,400, and is now approaching a key resistance zone between $2,405 – $2,465. According to the macro-focused crypto analysis firm MakroVision, the recent price action aligns closely with their projected scenario. Analysis Breakdown 1. Bullish Outlook Confirmed The recovery from the low zone has played out as forecasted. The $1,295–$1,525 area served as a strong accumulation base, effectively marking the cycle low. 2. Key Resistance Ahead Ethereum has now entered the $2,405 – $2,465 resistance zone. A decisive breakout above this region could open the door to further upside, targeting higher resistance in the central “orange” zone highlighted in MakroVision’s previous charts. 3. Supports to Watch Immediate support now lies around $2,145. Deeper support is situated near $1,944, which remains a structurally important level should a pullback occur. Conclusion Ethereum’s technical structure continues to strengthen, showcasing a well-executed recovery rally. All eyes are now on whether ETH can break cleanly through resistance or if it will face a temporary rejection. Either way, MakroVision emphasizes the current zone as a pivotal decision point for Ethereum’s medium-term trend. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/ethereum-eyes-critical-resistance-after-77-surge-from-lows/