Ethereum Breakout Looms Analyst Predicts 28% Surge

Ethereum Approaches Potential Breakout with 28% Rally Forecast

• Ethereum (ETH) rose over 10% last week, reaching the $1,800 resistance level.
• The cryptocurrency reclaimed the $1,600-$1,650 support zone, a historical demand area.
• Analyst Rekt Capital noted ETH is holding its historical demand zone between $1,650 and $1,950.
• Daan Crypto Trades highlighted ETH’s recent close above the $1,750 mark as a change in market dynamics.
• ETH has been in a downtrend since hitting a cycle high of $4,107 in December.

Ethereum is trading at $1,795 with a 2.1% daily increase. Analysts suggest that reclaiming short-term resistance could lead to a potential 28% rally by next month if it breaks above the $1,800-$1,850 zone.