Ethereum (ETH) could be preparing for a significant price reversal, according to prominent crypto analyst Ali Martinez, who has identified critical resistance levels and bullish technical indicators that point to potential upside ahead.
Key Ethereum Resistance Levels in Focus
Martinez highlights two crucial price points that ETH needs to reclaim to confirm a bullish trend reversal: $2,100 and $2,300. This analysis comes as ETH whales have been actively accumulating at key support levels, suggesting strong buyer interest despite recent price weakness.
The second-largest cryptocurrency has underperformed major rivals in 2025, declining 49.2% over the past year while Bitcoin gained 18.5%. ETH last tested the $2,100 level on March 9, before plunging to a yearly low of $1,754.
Bullish Divergence Signals Potential Trend Reversal
Crypto trader Merlijn The Trade has identified a bullish divergence pattern on ETH’s daily chart, offering a more optimistic outlook. This technical formation occurs when the Relative Strength Index (RSI) forms higher lows while price makes lower lows, typically indicating weakening selling pressure.
The analysis aligns with recent technical indicators suggesting a major price reversal could be imminent for Ethereum.
Market Challenges and Outlook
Despite these positive signals, increasing ETH reserves on cryptocurrency exchanges remain a concern, potentially indicating selling pressure. At press time, ETH trades at $1,840, showing a modest 2.1% gain in the past 24 hours.
Frequently Asked Questions
Q: What are the key resistance levels for Ethereum?
A: According to analyst Ali Martinez, ETH needs to reclaim $2,100 and $2,300 to confirm a bullish trend reversal.
Q: What is RSI bullish divergence?
A: RSI bullish divergence occurs when the RSI indicator shows higher lows while price makes lower lows, suggesting weakening selling pressure and potential trend reversal.
Q: What is Ethereum’s current price?
A: Ethereum is currently trading at $1,840, up 2.1% in the last 24 hours.