Ethereum (ETH) Price Bounces Strongly From Dip Support Zone, Targeting $2.5K

After dipping into the $1620–$1700 support area last week, Ethereum rebounded strongly and climbed to $1806, marking an 11% weekly gain.

After finding support at the $1,620-$1,700 area last week, Ethereum price displayed a strong rebound, reaching $1,806 and notching up an 11% weekly gain.

Institutions joined the rally—with BlackRock quietly adding $54 million of ETH to its holdings—sparks optimism about a move toward $2,500 later this quarter.

The bounce also helped ETH to recapture its 50-day moving average for the first time since February.

Breaching $2,200 Could Open Path to $3K-$4K

On the ETH weekly chart, price found support at the bottom of its key zone and reversed higher. The next hurdle is $2,200. A daily close above that level could open the door for a rally targeting $3,000-$4,000 over the next few months. Weekly trading volume increased about 15%, which suggests that buyers are preparing for more gains.

Over the past two months, ETH's price on the weekly chart has been forming a falling wedge pattern. In crypto, this setup often signals an upcoming reversal. Traders are looking for a breakout above the wedge's upper band. A strong surge in volume at the time of that breakout would confirm the pattern and indicate higher prices.

Traders should keep an eye on daily closes above $2,200 and for price to stay above its 20-week moving average, which is currently around $1,900. If both happen, it would signal bullish momentum and likely attract more buying. Otherwise, Ethereum could stall and retest its support zone at $1,700.

ETH Market Share Stabilizes After All-Time Lows

Ethereum's market share—the percentage of total crypto market cap—fell below 7%, hitting a record low, according to Rekt Capital.

But that level now appears to be providing support. If ETH's market share stays above 7%, it could spark a broader altcoin rally and help Ethereum to regain share.

A failure to hold above 7% might delay the overall crypto recovery.

The post Ethereum Price Analysis: Is A Bounce to $2,500 On The Cards As ETH Reclaims Key MA? appeared first on Coin Edition.