Ethereum Approaches a Turning Point: Can the Market Defend the $2.7K Stronghold?

Ethereum is entering a decisive moment as it trades near a price zone that could shape its next major trend. After struggling to break through a key resistance range, ETH is now pulling back toward an important support level. The reaction around $2,700 will likely determine whether Ethereum continues upward or loses its bullish momentum.

Ethereum’s Most Crucial Support Comes Into Focus

At the moment, Ethereum is priced around $2,870, showing a mild 24-hour gain but still down roughly 6 percent over the week. Traders are now paying close attention to the $2,700 area, which is acting as the market’s major line in the sand.

Analysts from Bitcoinsensus noted that ETH is still moving within a Wyckoff re-accumulation pattern, and price action appears to have reached the Last Point of Support (LPS) — a phase that typically represents the final major dip before a continuation higher.

“$2,700 is the level Ethereum must protect,” the analysts emphasized.

If buyers maintain control here, the bullish structure stays valid, and Ethereum could aim for significantly higher price targets — potentially above $5,600 in the coming weeks or months. However, a breakdown below this region could invalidate the setup and create room for a deeper downward trend.

Momentum Indicator Signals Potential Strength

Another promising signal comes from a bullish divergence spotted by analyst Mister Crypto. While Ethereum’s price recently dipped to lower lows, the RSI indicator formed higher lows, suggesting selling pressure may be weakening.

ETH reaches a critical support zone at $2,700 — why this level matters.

He highlighted this on his chart with the caption:

“Bullish Divergence on ETH.”

A divergence alone does not guarantee a reversal, but combined with strong support, it often signals a possible shift in momentum.

Resistance Rejection Still Weighs on the Market

Before approaching the current support zone, Ethereum attempted to break through the $2,950–$3,000 resistance area. The market rejected the move, prompting analysts to warn of potential short-term downside.

Ted, a market analyst, shared:

“Ethereum was rejected at the $2,950–$3,000 zone, increasing the chances of a retest of the $2,800 support.”

Similarly, Lennaert Snyder pointed out rejection signals near $2,880, confirming that sellers remain active around those levels.

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