Ethereum Set for Significant Surge in Two Weeks If This Level Remains Stable

Ethereum (ETH) has regained a critical support level as the price remains stable, potentially setting the stage for a breakout toward the $2,100 resistance. However, experts warn that buying action is essential to prevent a possible 15% decline.

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Ethereum Aims for a Breakout to $2,100

Having successfully maintained the $1,750 support, Ethereum has now reclaimed the significant $1,800 resistance. Over the past two weeks, the cryptocurrency has achieved a nearly 20% recovery, reaching a one-month peak of $1,873 at the beginning of May.

Currently, ETH has seen a 1.92% increase from its beginning-of-month price, following a drop of 1.95% in April. Notably, Ethereum could end a five-month streak of losses if it sustains trading above the $1,807 level in the near future.

During the correction on Tuesday, Ethereum revisited the $1,750 level before rebounding back above $1,800. Analyst Michaël van de Poppe observed that ETH is retaining the recently regained resistance level and is beginning to bounce back, suggesting an influx of buying interest.

Consequently, the analyst believes that investors may soon experience a significant breakout towards the $2,100 threshold in the upcoming week or two. Achieving this level is vital for Ethereum, as it was a pivotal resistance prior to its Q4 2023 surge and served as a crucial support area during rallies in 2024 and early 2025.

Analyst World of Charts has indicated that ETH has been trading within the $1,750-$1,870 range after breaking free from a downtrend in late April. It “appears to be preparing for a solid breakout” from its current consolidation phase.

According to the analysis, a breakout from this range accompanied by confirmation of the level as support may propel the cryptocurrency towards the lost $2,500 mark from February.

ETH’s Price Faces Correction Risks

Market analyst Daan Crypto Trades highlighted the need for bullish momentum, stating “traders should act quickly,” despite ETH maintaining above $1,750 support.

The trader mentioned that the altcoin may not withstand another test of this level, and if it fails to hold, a 15% decline could follow.

“If this level gives way, it could lead to a swift decline back to the $1,500 range,” Daan cautioned, suggesting that ETH may reach lower lows if it drops beneath this threshold.

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Nevertheless, he concluded that the situation remains stable as long as the price stays within the current range, but cautioned about potential risks if it falls and closes below $1,750.

Crypto Amsterdam also mentioned that ETH might decline towards the $1,500 level. Their analysis indicates that if Ethereum encounters rejection at current levels, it could retrace to mid-April prices, ranging from $1,550-$1,650, before possibly rising back above $1,900.

At the time of writing, Ethereum is trading at $1,811, reflecting a 1% decrease for the day.

Source: Unsplash.com, Chart from TradingView.com