{"id":5061,"date":"2025-05-30T18:13:13","date_gmt":"2025-05-30T18:13:13","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/ethereum-repeating-early-2024s-playbook-3800-target-in-sight\/"},"modified":"2025-05-30T18:13:13","modified_gmt":"2025-05-30T18:13:13","slug":"ethereum-repeating-early-2024s-playbook-3800-target-in-sight","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/ethereum-repeating-early-2024s-playbook-3800-target-in-sight\/","title":{"rendered":"Ethereum Repeating Early 2024\u2019s Playbook \u2013 $3,800 Target In Sight?"},"content":{"rendered":"

This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it\u2019s pushing to retest the next key resistance after a breakout from a short-term pattern. Some analysts suggest that ETH\u2019s rally could target its Macro Range high area in the coming weeks.<\/p>\n

Ethereum Resembles 2024 Setup<\/h2>\n

After struggling to break past the $2,600 mark, Ethereum has reclaimed this level as support. Over the past two days, the second-largest cryptocurrency by market capitalization has held this key level while attempting to break above the $2,700 mark.<\/p>\n

Since recovering from its sub-$2,000 dip earlier this month, ETH hovered between $2,400 and $2,600, failing to reclaim the range\u2019s upper zone despite its $2,738 multi-month high on May 10.<\/p>\n

Nonetheless, this week\u2019s rally has seen the cryptocurrency rise above its local range and attempt to gain more strength to stop its sideways trajectory and continue its 50% recovery rally.<\/p>\n

Analyst Titan of Crypto noted<\/a> that ETH just broke out of a two-week bullish flag, leading to today\u2019s surge to the $2,788 level. He suggested that if the breakout is confirmed, the pattern\u2019s target sits around the $3,800 level.<\/p>\n

Crypto Jelle pointed<\/a> out that Ethereum is \u201cstill moving as planned, pushing deeper into the resistance area\u201d around the $2,850 mark. Several analysts have named this level as the resistance before the $3,000 mark, and the wall \u201cstanding in the way of altseason.\u201d<\/p>\n

Rekt Capital highlighted that Ethereum has been successfully retesting a crucial horizontal level since re-entering its $2,220-$3,900 Macro Range. Notably, Ethereum has been closing above the $2,468 mark for the past four weeks, setting up the stage for a \u201clift across the range.\u201d<\/p>\n

\"Ethereum\"<\/p>\n

With this successful retest, the King of Altcoins is \u201crepeating early 2024 history.\u201d Notably, ETH recorded a 50% four-week breakout after smashing the $2,486 resistance and retesting it as support. However, \u201cthe only difference is that it has just taken longer this time,\u201d the analyst added.<\/p>\n

ETH Gains Momentum<\/h2>\n

Meanwhile, analyst Ted Pillows considers<\/a> that ETH is showing strength as its trading pair against Bitcoin (BTC) gains momentum and BTC dominance motion seemingly fades.<\/p>\n

The analyst also noted the ETH\u2019s Weekly MACD bullish cross and reclaim of its multi-year support trendline. Based on this, he forecasted that Ethereum could soon soar to the $4,000 resistance.<\/p>\n

It\u2019s worth noting that Ethereum is outperforming the flagship cryptocurrency this quarter for the first time since 2022, registering a 45% increase since April 1. Additionally, ETH continues to hold above its key level despite BTC\u2019s dip below the $106,800 support.<\/p>\n

Merlijn The Trader highlighted<\/a> ETH\u2019s price action after its golden cross, which appears to resemble its performance from the last time the setup occurred.<\/p>\n

According to the post, during the November 2024 setup, Ethereum saw a small dip before a \u201cmassive pump\u201d on the eleventh day. \u201cThis time? Pump already started. We\u2019re right on schedule,\u201d the trader affirmed.<\/p>\n

As of this writing, Ethereum is trading at $2,642, a 44.7% increase in the monthly timeframe.<\/p>\n

\"ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it\u2019s pushing to retest the next key resistance after a breakout from a short-term pattern. Some analysts suggest that ETH\u2019s rally could target its Macro Range high area in the coming weeks. Ethereum Resembles 2024 Setup After…<\/p>\n","protected":false},"author":1,"featured_media":5062,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[465,56,61,42,713,245,468,281,64,2577,2578,145,988,66,68],"class_list":["post-5061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altseason","tag-bitcoin","tag-btc","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-investor","tag-crypto-market-recovery","tag-crypto-trader","tag-eth","tag-eth-analysis","tag-eth-breakout","tag-eth-price","tag-eth-btc","tag-ethereum","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5061"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5062"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}