Ethereum Poised For $140% Rally If This Resistance Flips – Analyst Calls Breakout Inevitable

While Ethereum (ETH) is at a pivotal crossroads, some analysts suggest that a reclaim of a key resistance could open the door to a massive breakout. However, others have raised questions about the altcoin’s next move amid the recent market volatility and weak signals.

Ethereum Breakout: ‘A Matter Of When’

Ethereum has found a new price range after turning the $2,250 level into support during the April market recovery. The cryptocurrency has been trading between the $2,250-$2,400 levels over the past few weeks, reaching a three-month high of $2,465 on April 17.

In an X post, analyst Michaël van de Poppe highlighted ETH’s recent performance, asserting that its upward price pattern held, despite the price being rejected from the $2,400 resistance, a key psychological and technical barrier that has stopped prior rallies.

As he explained, “Structure remains intact, and multiple resistance tests have failed to break through, suggesting a breakout is looming.” To him, a breakout from the local resistance area is “a matter of when (…) and not if.”

The analyst recently stated that the King of Altcoins could be “about to follow Bitcoin in the path upwards,” which would open the gate for a retest of the next crucial resistance around the $2,700 area.

Meanwhile, market observer Ali Martinez shared an analysis based on the MVRV pricing bands, noting that Ethereum has been attempting to reclaim its Realized Price, currently at $2,335, as support.

ETH’s MVRV pricing bands. Source: Ali Charts on X

He explained that successfully turning this level into a support floor is a “standard technical prerequisite” for a sustained rally, and reclaiming the cost basis has historically helped build the momentum to reach the 2.4MVRV pricing band at the $5,600 mark.

According to the post, ETH needs continuation of the strength seen during the early April recovery rally to reclaim its Realized Price and open the gates to a 140% rally over time. “If ETH can claim this $2,335 level and establish it as a support floor, it creates the structural conditions to target that upper $5,600 band,” he affirmed.