Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100

Ethereum, the second-biggest cryptocurrency, is getting a lot of attention right now. Some experts who watch the market closely think its price could go above $2,100 soon. They’ve been looking at how Ethereum’s price has been moving and see patterns that suggest it might be heading up.

Short-Term Signs Point Upward

One analyst, Crypto Patel, shared his thoughts on the social media platform X. He pointed out a setup on the Ethereum chart that looks promising for a price increase.

Patel said Ethereum made a strong move upwards, which changed the way the market is structured. This happened after the price reacted to a level he had already identified as a good place for buyers to step in.

#Ethereum Prints Bullish Displacement – Swing High Liquidity in Sight$ETH Price respecting bullish POI with clear displacement on tap. Currently testing mitigation block post-retest. Anticipating bounce to sweep swing high liquidity at $2128.12.

Entry: $2064.60 TP:… pic.twitter.com/5Q2q5xrNpM

— Crypto Patel (@CryptoPatel) March 25, 2025

Right now, Ethereum’s price is bouncing off a key area around $2,064. This area is called a mitigation block, and it often shows strong buying interest from big investors.

The idea is that these investors use this zone to adjust their previous orders before continuing to push the price in a certain direction. Patel suggests that buying in this upper part of the mitigation zone lines up with how these big players often operate.

The target price Patel mentioned is $2,128. This level is what’s known as a swing high liquidity zone. These zones often have a lot of stop-loss orders and pending buy orders clustered together.

If the price moves into this area, it could trigger those orders and cause a sharp move, allowing investors to profit before the price possibly changes direction.

Patel set a stop-loss for this trade at $2,027, just below the mitigation block. This helps limit potential losses if his prediction is wrong.

Long-Term Pattern Looks Familiar

Another analyst, TimeFreedomROB, also posted on X. He compared Ethereum’s current weekly price pattern to what happened between 2018 and 2020.

His chart shows Ethereum breaking below an ascending triangle pattern, which is similar to how it broke below a descending triangle before its big recovery in 2020. Back then, Ethereum’s price hit a low point and then soared from under $100 to almost $4,800.

#ETH 1W

Price is showing the Same type of Break below support as last Cycle