Ethereum has surged roughly 36% from its recent accumulation zone, pushing the price into a critical area where momentum often gets tested. With key resistance now in play and signs of hesitation emerging, the market is approaching a decisive moment that could determine whether the rally continues or a pullback unfolds. Ethereum Surges 36% From Accumulation Zone According to Crypto Patel, ETH has surged approximately 36% from its accumulation zone, pushing the price into a critical resistance area. After such a strong move, this region is typically seen as a logical zone for swing traders to consider locking in partial profits while watching how the price reacts. Related Reading: Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market The analyst outlined several key levels that could shape the next phase of price action. On the upside, the first target sits around $2,828, marking a fair value gap (FVG) that the price may look to fill. Just above that lies the major resistance and decision zone near $2,900. On the downside, a return toward the $2,000 region would act as the invalidation point, signaling that the bullish structure has weakened. From a scenario standpoint, a decisive breakout above $2,900, especially if supported by strong volume, would confirm bullish continuation. Such a move could shift market sentiment significantly, opening the door for a much larger rally to the $10,000 region. On the flip side, failure to break above $2,900 could trigger a deeper pullback, with price likely rotating back toward the $2,000 area as part of a broader corrective phase. Ultimately, the emphasis remains on discipline and patience. Rather than chasing price or reacting to hype, the strategy is to let the market confirm its direction, which helps to avoid unnecessary risk as the next move unfolds. A Rejection At $2,400 Resistance Level Analyst Ted highlighted that Ethereum made an attempt to reclaim the $2,400 level but ultimately failed to do so. This rejection suggests that buyers are still struggling to regain control at key resistance, keeping short-term momentum on the weaker side. Related Reading: Ethereum Price Loses $2,350 Level, Traders Eye Rebound Signals Following the failure, focus is now shifting to the next key support zone around $2,250. This level is likely to be tested if selling pressure continues, and how the price reacts there will be crucial. A strong bounce could stabilize the structure, while a breakdown may open the door for a deeper correction. Currently, Ethereum is underperforming relative to Bitcoin, which adds another layer of risk. When ETH shows relative weakness, it often becomes more vulnerable during broader market pullbacks. As a result, even a modest correction in Bitcoin could have a magnified negative impact on Ethereum’s price action in the near term. Featured image from Getty Images, chart from Tradingview.com
