Ethereum Finds Its Footing Again, But Here’s Why Bulls Still Have Work To Do

Ethereum shows signs of strength after months of choppy price action. Bullish momentum is emerging, but key resistance levels remain. Analyst Luca expresses caution, stating Ethereum must break above the 0.618 Fibonacci POI at $3,120 for a confirmed trend shift. Until then, the risk of a fake-out is high, suggesting a defensive approach for investors. Luca is maintaining cash reserves to hedge against potential rejections. A failure to hold current levels could lead to a pullback towards $2,700. Conversely, another analyst, StockTrader_max, is more optimistic, highlighting Ethereum's positive technical start to 2026. ETH closed above its 50-day moving average for the first time since October 9, signaling an improving trend. This is seen as confirmation of potential recovery after an extended corrective phase. The next major upside target for Ethereum is the 200-day moving average around $3,550. This suggests potential upward price movement as capital flows back into the cryptocurrency.