Ethereum trads above the key level of $ 2,000 after spending several unstable weeks, trying to recover it. Since the end of February ETH has fallen by more than 38%, causing universal panic, because the price dropped below stern support and briefly fell below USD 1,800. The decrease caused concerns about the prolonged decline, with many questioning whether Ethereum entered bears.

However, the sentiment begins to change. Investors are now looking for signs of recovery because ETH stabilizes and bears critical levels. The growing number of analysts believe that the last variability could have been the last shock before the novel relief.

The best analyst Ted Pillows shared his observations about X, suggesting that Ethereum can end the “manipulation phase”. This phase usually contains an irregular price operation designed to exhaust both bulls and bears before the market undertakes to a clear direction. If the phase is coming to an end soon, Ethereum can reflect significantly in the coming weeks.

When ETH rises nearly $ 2,000, the next few sessions will be crucial for determining whether the bulls can keep the momentum or in front of us.

Ethereum bulls are in front of the test as the expansion phase approaches

Ethereum has early signs of strength because it floats just above the critical sign of $ 2000, a level that has been vigorous as both psychological and technical battlefield for weeks. Bulls are calling for action when the wider market begins to stabilize and the ETH price action indicates a potential revival. However, the situation remains frail, with uncertainty dominant in sentiments, and no clear trend has yet been established.

Speculation is divided between those who predict a deeper correction and others betting on a full -scale recovery. For now, Ethereum remains related to the range, and each breakthrough attempt must be supported by a forceful conviction of shifting the shoot. Bulls must defend the level of USD 2000 and start aiming at the higher resistance zone to cause confidence in lasting passage.

Pillows said Ethereum It probably comes out of what he calls the “phase of manipulation” – the misleading price movement designed for exhaust buyers and sellers. According to the pillow, this phase is almost over, and the time of expansion Ethereum is to start.

A confirmed breakthrough above USD 2,200 would be a catalyst for a novel expansion cycle, potentially sending ETH to higher territory in the coming weeks. Until then, the price will remain sensitive, and another several key sessions in making decisions about the trajectory Ethereum.

But the bulls are crucial

Ethereum is currently trading in the amount of USD 2,070 after stroke $ 2000 – a key psychological and technical zone that has been resisting in recent weeks. This movement is an critical step for bulls who are now trying to consolidate the rush and prevent further minus. However, the real test lies ahead of us because ETH must recover USD 2250 to initiate the real recovery phase.

The USD 2250 sign is in line with previous areas of demanding trade and may act as starting to get a wider level of growth if Bulls has changed it to support. Recovering this level would probably attract fresh demand and restore investors trust, especially after assets shed over 38% of its value from the end of February.

Despite the brief -term optimism, there is a inheritance risk. If the Ethereum does not accommodate above USD 2000, the market may experience re -sales pressure, potentially pushing ETH back to the support level of USD 1,800. Such a decrease would strengthen the bears and delay all the potential recovery rally.

For now, traders carefully observe whether Ethereum can exploit their current strength and recover higher levels in upcoming sessions.

Recommended photo from Dall-E, Tradingview chart