Haciyev Reşit 
Following the recent volatility in the cryptocurrency market, the latest recovery move on the Ethereum (ETH) front has caught the attention of investors. As questions arise over whether this upward movement will continue and which levels remain critical for the world’s largest altcoin, crypto analysis firm MakroVision has shared a comprehensive assessment of Ethereum’s current technical outlook.
Recovery Exists, but Weakness Persists
According to MakroVision’s analysis, Ethereum’s price has once again tested the lower green trend line in its recent move. However, despite this interaction, a clear upside breakout has not yet occurred. Analysts note that the current price action resembles more of a corrective rebound rather than a strong, momentum-driven rally. This suggests that overall market weakness is still present. The firm emphasizes that this recovery should not be interpreted as a confirmed trend reversal, and that clearer signals are needed for a sustainable bullish move.
In MakroVision’s technical evaluation, the short-term outlook is described as being at a critical threshold. The $2,810 – $2,880 range stands out as an orange support zone on the chart and currently represents the most important level for Ethereum. If ETH manages to hold above this support area, the possibility of another upward attempt remains on the table. However, analysts stress that for such a move to become sustainable, a clear reversal signal accompanied by strong trading volume will be essential.
Key Resistance in a Bullish Scenario: $3,270
On the upside, the main resistance level investors should closely monitor is $3,270. MakroVision highlights that this level is not only a horizontal resistance but also coincides with the descending red trend line.
For this reason, the $3,270 level is described as a “key cluster.” A sustained breakout above this area could allow bullish momentum to return. In such a scenario, Ethereum could gain more room to move toward higher resistance levels.
Ethereum at a Critical Juncture
According to MakroVision’s assessment, Ethereum is currently undergoing a critical compression phase between support and resistance. While the ongoing recovery offers some optimism, a clear technical trend reversal has not yet been confirmed. Therefore, investors are advised to closely monitor price movements, particularly between the $2,810 – $2,880 support zone and the $3,270 resistance level.
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