Ethereum has confirmed a bullish reversal above $1800, marking the end of a multi-month downtrend. Technical signals suggest the beginning of a new bullish cycle.
Breakout Confirmed by Technical Patterns
Ethereum has decisively broken above $1800, confirming bullish momentum. The price has surged from below $1500 to current levels above $1816 since the breakout in early May 2025. After months of selling, the recent green candles indicate a rising buying interest.
Oversold Levels Fuel Macro Bull Case
Some technical indicators show Ethereum is currently in an oversold region. Weekly analysis indicates that the April 2025 price level aligns with historical bottoms, which were often followed by significant rallies. Many investors expect Ethereum to potentially enter its third major bull cycle.
Future Predictions and Target Level ($5000)
Current price analysis suggests Ethereum remains at attractive buying levels compared to previous highs. Several traders predict that $5000 could be the next logical target for Ethereum, especially given its strong long-term structure.
Ethereum's resilience on the uptrend and technical signs suggest a potentially new bull cycle, making it an important asset for traders to watch.
