{"id":393697,"date":"2025-05-30T13:50:08","date_gmt":"2025-05-30T08:20:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-repeating-early-2024s-playbook-3800-target-next-crypto-news\/"},"modified":"2025-05-30T13:54:23","modified_gmt":"2025-05-30T08:24:23","slug":"ethereum-repeating-early-2024s-playbook-3800-target-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-repeating-early-2024s-playbook-3800-target-next-crypto-news\/","title":{"rendered":"Ethereum Repeating Early 2024\u2019s Playbook \u2013 $3,800 Target Next? – Crypto News"},"content":{"rendered":"

<\/p>\n

\n
\n
\n

Reason to trust<\/h3>\n<\/p><\/div>\n
\n
\n
\n <\/svg> <\/p>\n

Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n

\n <\/svg> <\/p>\n

Created by industry experts and meticulously reviewed<\/p>\n<\/p><\/div>\n

\n <\/svg> <\/p>\n

The highest standards in reporting and publishing<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n

Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

\n\t\t\t
\n\t\t\t\tEste art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol.
\n\t\t\t<\/a>\n\t\t<\/div>\n

This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it\u2019s pushing to retest the next key resistance after a breakout from a short-term pattern. Some analysts suggest that ETH\u2019s rally could target its Macro Range high area in the coming weeks.<\/p>\n

Ethereum Resembles 2024 Setup<\/h2>\n

After struggling to break past the $2,600 mark, Ethereum has reclaimed this level as support. Over the past two days, the second-largest cryptocurrency by market capitalization has held this key level while attempting to break above the $2,700 mark.<\/p>\n

Since recovering from its sub-$2,000 dip earlier this month, ETH hovered between $2,400 and $2,600, failing to reclaim the range\u2019s upper zone despite its $2,738 multi-month high on May 10.<\/p>\n

Nonetheless, this week\u2019s rally has seen the cryptocurrency rise above its local range and attempt to gain more strength to stop its sideways<\/a> trajectory and continue its 50% recovery rally.<\/p>\n

Analyst Titan of Crypto noted<\/a> that ETH just broke out of a two-week bullish flag, leading to today\u2019s surge to the $2,788 level. He suggested that if the breakout is confirmed, the pattern\u2019s target sits around the $3,800 level.<\/p>\n

Crypto Jelle pointed<\/a> out that Ethereum is \u201cstill moving as planned, pushing deeper into the resistance area\u201d around the $2,850 mark. Several analysts have named this level as the resistance before the $3,000 mark, and the wall \u201cstanding in the way of altseason.\u201d<\/p>\n

Rekt Capital highlighted that Ethereum has been successfully retesting a crucial horizontal level since re-entering its $2,220-$3,900 Macro Range. Notably, Ethereum has been closing above the $2,468 mark for the past four weeks, setting up the stage for a \u201clift across the range.\u201d<\/p>\n

\"Ethereum\"
ETH repeats early 2024 performance. Source: Rekt Capital on X<\/a><\/figcaption><\/figure>\n

With this successful retest<\/a>, the King of Altcoins is \u201crepeating early 2024 history.\u201d Notably, ETH recorded a 50% four-week breakout after smashing the $2,486 resistance and retesting it as support. However, \u201cthe only difference is that it has just taken longer this time,\u201d the analyst added.<\/p>\n

ETH Gains Momentum<\/h2>\n

Meanwhile, analyst Ted Pillows considers<\/a> that ETH is showing strength as its trading pair against Bitcoin (BTC) gains momentum and BTC dominance motion seemingly fades.<\/p>\n

The analyst also noted the ETH\u2019s Weekly MACD bullish<\/a> cross and reclaim of its multi-year support trendline. Based on this, he forecasted that Ethereum could soon soar to the $4,000 resistance.<\/p>\n

It\u2019s worth noting that Ethereum is outperforming the flagship cryptocurrency this quarter for the first time since 2022, registering a 45% increase since April 1. Additionally, ETH continues to hold above its key level despite BTC\u2019s dip below the $106,800 support.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Merlijn The Trader highlighted<\/a> ETH\u2019s price action after its golden cross, which appears to resemble its performance from the last time the setup occurred.<\/p>\n

According to the post, during the November 2024 setup, Ethereum saw a small dip before a \u201cmassive pump\u201d on the eleventh day. \u201cThis time? Pump already started. We\u2019re right on schedule,\u201d the trader affirmed.<\/p>\n

As of this writing, Ethereum is trading at $2,642, a 44.7% increase in the monthly timeframe.<\/p>\n

\"ethereum,
Ethereum\u2019s performance in the one-week chart. Source: ETHUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este […]<\/p>\n","protected":false},"author":2,"featured_media":393698,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-393697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/393697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=393697"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/393697\/revisions"}],"predecessor-version":[{"id":393699,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/393697\/revisions\/393699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/393698"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=393697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=393697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=393697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}