This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it’s pushing to retest the next key resistance after a breakout from a short-term pattern. Some analysts suggest that ETH’s rally could target its Macro Range high area in the coming weeks. Ethereum Resembles 2024 Setup 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. Since recovering from its sub-$2,000 dip earlier this month, ETH hovered between $2,400 and $2,600, failing to reclaim the range’s upper zone despite its $2,738 multi-month high on May 10. Nonetheless, this week’s rally has seen the cryptocurrency rise above its local range and attempt to gain more strength to stop its sideways trajectory and continue its 50% recovery rally. Analyst Titan of Crypto noted that ETH just broke out of a two-week bullish flag, leading to today’s surge to the $2,788 level. He suggested that if the breako ..
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