Ethereum Reclaims $2,444 Level – Bullish Continuation In Focus

Ethereum has rebounded strongly, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. The cryptocurrency briefly dipped below $2,200 due to panic selling, but bulls have regained control, signaling a potential recovery rally. Top analyst Ted Pillows notes that Ethereum is reclaiming the key $2,444 resistance level, which could open the door for a bullish continuation toward the higher end of the established range. Holding above $2,400 could become a catalyst for a broader rally, especially if Bitcoin continues to stabilize and approach new all-time highs. Ethereum is trading at a critical juncture, with analysts divided on whether the recent recovery signals a trend reversal or a deeper pullback. A breakout from the upper range levels near $2,600 would indicate renewed strength and could set the tone for a broader altcoin rally. However, others warn that the recovery might be short-lived, and a retreat to lower demand zones could occur if macro conditions worsen. The weekly chart of Ethereum shows a strong recovery from the $2,189 low, with ETH currently trading at $2,463, but faces long-term resistance from the 50-week, 100-week, and 200-week simple moving averages. Bulls must decisively clear this $2,450-$2,660 zone to confirm a breakout and open the door toward the $3,000 psychological level.