Ethereum (ETH) is back on the radar, as one of crypto’s most followed traders says the trend is turning bullish. Better known online as “DonAlt,” the trader shared a fresh chart pointing to renewed strength in ETH, highlighting $2,200 as the key level to watch. According to him, Ethereum “looks quite alright on the high timeframes” and is back on a bullish track after a brief pause.
The monthly candles for ETH/USD on the chart show a strong bounce from a major support zone between $1,800 and $2,000. That area had previously served as resistance in 2021 and now seems to be setting the stage for a potential longer-term move higher. The trader says that if the price stays above $2,200, it is “simply bullish.”
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Right now ETH is trading around $2,630, which is more than 5% higher than it was last month. This move comes at a time when the overall feeling in the crypto world is mixed. Bitcoin is pretty much where it was, while the rest of the altcoins are trying to catch up.
DonAlt’s post did not include any predictions or specific targets, but it did talk about the importance of taking a step back. On higher time frames, ETH is still holding its structure, and as long as it stays above key zones, the overall uptrend remains in play.
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The next resistance area seems to be near $3,000. That is where ETH has topped out a few times since early 2023, and if it can get back to that range, it could be a chance for a more aggressive breakout.
For now, it is all about the basics: hold the support, maintain $2,200 with confidence and let the structure do its thing. Ethereum is not flying just yet, but it is showing signs of life.
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