Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
ETH Bulls Take Control as ETH Breaks Out of the Reversal Phase, Setting Course to $3,400 Liquidity Area

ETH Bulls Take Control as ETH Breaks Out of the Reversal Phase, Setting Course to $3,400 Liquidity Area

CryptonewslandCryptonewsland2026/08/27 08:00
By:Cryptonewsland
  • ETH bulls take control as ETH breaks out of the reversal phase. 
  • The asset is now setting course to $3,400 liquidity area.
  • Can the price of ETH surge or will it face another retest?

The crypto market continues towards working to reclaim higher price ranges. At the moment, the price of pioneer crypto asset, Bitcoin (BTC) is working towards reclaiming prices over the $80,000 price range. Meanwhile, ETH, the pioneer altcoin asset is trading above the $2,400 price range. To highlight, ETH bulls take control as ETH breaks out of the reversal phase, setting course to $3,400 liquidity area. 

ETH Bulls Take Control as ETH Breaks Out of the Reversal Phase 

According to CoinMarketCap analytics, the price of ETH is currently trading at the $2,480 price range, bringing the asset close to $2,500 again, and marking how the asset is up by around 1% today. Experts are hoping to see the price of ETH trading at much higher prices over the coming days or weeks ahead. Presently, most experts believe the price of ETH is on a bullish trend and expect the price of ETH to move towards greater price ranges. 

Over the week so far, the price of ETH pumped by over 31% this week and printed its highest weekly close since May 2025. ETH is now testing the Weekly MA 200, the MA that acts as the most important line for trend reversal. According to the chart accompanied by the post, the first most important highlighted observation marks a strong bounce from long-term support near $1,500. 

The second most important observation is the previous bounce from the same zone, which was nearly over a 39% pump in May 2025. This surge led ETH toward a new ATH in just 4 months 3, with the weekly MACD now turning up from the same oversold area that marked earlier bottoms. The key resistance levels to watch are the weekly MA 200/$2,500, followed by the $3,400 resistance and support at $1,900 and $1,500.

ETH Sets Course to the $3,400 Liquidity Area

Thus, the expert goes on to expect two possible scenarios to play out from here. The first is the possibility of the price of ETH holding close above the Weekly MA 200, which will open a path toward the $2,800 – $3,400 price range. Likewise, the second possibility is a rejection from this level, meaning the price of ETH can retest the $1,900 price range, followed by the major support near $1,500. 

As we can see from the post above, a major cause for celebration comes from ETH’s recent price moves. This expert goes on to declare that ETH bulls have taken control, a move that is certain as the price of ETH finally surged above the $2,200 – $2,300 price range after months of consolidation. Now the expert expects to see the price of ETH hold the breakout and begin trading between the $3,000 – $3,400 price range. 

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

10-year US Treasury yields approach 5%, US stocks pull back: Goldman Sachs remains bullish against the trend—an “insurance-rate hike” or the restart of the tightening cycle?

This week, the biggest suspense in the Federal Reserve meeting may no longer be whether there will be a rate hike.

智通财经2026/09/14 00:26
10-year US Treasury yields approach 5%, US stocks pull back: Goldman Sachs remains bullish against the trend—an “insurance-rate hike” or the restart of the tightening cycle?

The AI super bull market still has room for imagination, but Wall Street has quietly prepared "two types of insurance": to guard against slow declines eroding returns, as well as to protect from sudden crashes.

Due to rising interest rates and oil prices causing the stock market rally to stall, investors are divided—some worry about a rapid sell-off, while others are concerned about a slow market decline. Some traders have become more creative with bearish strategies, such as buying put options on the Chicago Board Options Exchange Volatility Index or the S&P 500, or using double binary options to bet on a gradual price drop.

智通财经2026/09/13 23:41
The AI super bull market still has room for imagination, but Wall Street has quietly prepared "two types of insurance": to guard against slow declines eroding returns, as well as to protect from sudden crashes.