Ethereum is on the verge of a new impulse: the market holds its breath

Ethereum is in a key phase and the market is eagerly waiting to see which scenario plays out in the coming months. Recently, the cryptocurrency has been trading in the range of $ 2100-2200, which is reminiscent of Bitcoin's behavior in 2023 before its sharp rise. Analysts believe that every return to these levels can be a good moment to enter, and the potential for upward movement remains significant.

Some experts are confident that Ethereum is preparing for strong growth without serious corrections, reminiscent of the "covid" market, when any rollbacks were quickly bought out. However, for a confident upward trend, it is important to overcome the resistance in the $ 3050-3180 zone. If the price consolidates above these levels, the bulls will gain a serious advantage, and long-term highs can be updated.

There is also a more restrained forecast. According to him, Ethereum may test $2,200 again in March before growing, after which it will accelerate to resistance, break through it and only then return to the lower boundaries to gain liquidity. This scenario suggests active price strengthening already in April.

An additional factor influencing the dynamics of Ethereum is associated with its pair to XRP. The XRP/ETH chart shows a pattern resembling a triple top, which may indicate further weakening of XRP against Ethereum. If this trend is confirmed, ETH's position in the market will become even more confident.

Another important aspect is the situation in the ETH/BTC pair. Large time intervals indicate a strong bullish divergence, which often precedes significant growth. If this signal works, Ethereum may strengthen against Bitcoin, and the key targets are located in the region of 0.05–0.06. For traders focused on trading altcoins against BTC, this moment may be especially interesting.

It is important to consider market volatility when making decisions. If long positions are already open, it is necessary to monitor whether the price will hold above $2,100. In the event of a breakout of $3,050-3,180 and a subsequent rollback to lower levels, many traders consider this an opportunity for averaging. The long-term outlook for Ethereum remains positive, and spring may bring a noticeable strengthening of its positions.