Ethereum is flashing a combination of technical and on-chain signals that analysts say could be the beginning of a meaningful recovery. For the first time in months, the structure of Ethereum’s price action appears to be shifting in the favor of bulls.
The latest price action has brought the ETH price back above $2,300, setting up a structure that says the next leg is about to start.
Technical Levels Reset, Analyst Flags Breakout Conditions
Crypto analyst Ash Crypto drew attention to Ethereum’s price action this week, pointing to three developments that, taken together, suggest the groundwork for a new upward leg may be forming.
The first major development in Ethereum’s recent price action is its move back above the 100-day simple moving average. This level had acted as dynamic resistance, consistently capping upside attempts since November 2025. The break above it changes the tone of the chart, as it suggests
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