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crypto.news 2025-05-08 17:30:48

Ethereum price reclaims $2000: is this the start of a major bull run?

Ethereum price reclaims $2000: is this the start of a major bull run?

Ethereum has surged past the critical $2,000 psychological and technical level after an explosive move from $1,800 support. This breakout could mark the beginning of a major rally toward $2,820, a 40% upside potential if momentum holds. After weeks of range-bound consolidation, Ethereum ( ETH ) has finally broken through the highly contested $2,000 resistance. This level has acted as a psychological ceiling for several months, and reclaiming it marks a significant shift in short-term market structure. The move was triggered by a strong reaction at the $1,800 support zone, and now all eyes are on the next major resistance level at $2,820. Key technical points Support Bounce: Ethereum surged off the $1,800 support, igniting a fresh bullish wave. Break Above Resistance: ETH reclaimed the key $2,000 level, confirming strength in price action. Next Target: The next major resistance sits at $2,820 — roughly 40% above current levels. ETHUSDT (4H) Chart, Source: TradingView Ethereum’s breakout above $2,000 is both a technical and psychological milestone. It represents a reclaim of control by bulls after weeks of uncertainty and sideways movement. More importantly, the move was supported by a strong foundation: multiple higher lows formed during consolidation, showing growing demand and buyer interest at increasingly higher levels. The $1,800 support held firm and acted as a springboard for this rally, with price slicing through $2,000 on strong momentum. To sustain this breakout, Ethereum needs to secure daily candle closes above the $2,000 level. So far, the current structure shows a clear bullish trend, a higher low, followed by a higher high, and now an attempt to stabilize above resistance. If this level is converted into solid support, it could act as a launchpad for price to accelerate toward the $2,820 resistance, the next major technical barrier on the chart. This level has acted as resistance in previous cycles and could be a critical test for bulls if reached. You might also like: Solana price target: Expert predicts $180–$200 breakout A short-term rejection here wouldn’t necessarily reverse the trend. If price pulls back and forms another higher low above the $1,800–$1,900 range, it would reinforce the ongoing bullish structure. Such a move would likely reset momentum and attract fresh buyers, giving Ethereum a stronger foundation for a future breakout. Consolidation near $2,000 should be expected, and even welcomed, as it can provide the market with structure and continuation strength. What to expect in the coming price action Ethereum’s ability to hold above $2,000 in the coming days will be critical. If bulls manage multiple daily closes above this level, the path toward $2,820 becomes increasingly probable. Even a minor pullback forming a higher low would maintain the bullish bias, suggesting that Ethereum is positioning itself for a broader upside continuation in the weeks ahead. Read more: How high can Pepe price jump after flipping key resistance?

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