Top Analyst Predicts Ethereum Could Ignite Bull Rally If Price Surpasses $2,330

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As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movementshas sparked discussions among crypto analysts regarding the potential future trajectory of Ethereum, particularly in light of Bitcoin’s bullish momentum. Ethereum Bull Run Potential

Crypto analyst Ali Martinez recently shared insightson social media platform X (formerly Twitter), suggesting that Ethereum could ignite a new bull run if it manages to breach the critical resistance level at $2,330. 

Martinez emphasized that a breakout above this supply wall could signal renewed investor interest and push ETH towards significantly higher prices. However, Ethereum has been trapped in a narrow range between $1,500 and $1,650 for the past week, lacking any substantial catalysts to spur an upward movement. Related Reading Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? 1 day ago

The immediate focus for Ethereum bulls is the $1,600 level, which has emerged as a near-term resistance point. Market expert TedPillows highlightedthat Ethereum has recently broken out of a downtrend for the first time since February 2025, indicating a potential shift in market sentiment. If ETH can hold above the $1,600 threshold, analysts speculate it could rally towards the $2,000 mark by April.

Conversely, some analysts, including Crypto Fella, warnof the risks associated with Ethereum’s current stagnation. The importance of a swift upward movement; a failure to break through the nearest resistance could result in a drop towards $1,200, highlighting the precarious nature of the altcoin’s current position. Key levels for Ethereum in the near term. Source: Crypto Fella on X Bitcoin Surges Past $87,000

In stark contrast, Bitcoin’s market performance paints a different picture. The cryptocurrency’s recent surge above $87,000 is interpretedby Nicholas Roberts-Huntley, CEO of Concrete and Glow Finance, as a clear indication that investors are seeking refuge in decentralized assets amidst rising tariffs, inflation concerns, and global economic uncertainty. 

This sentiment is echoed as the crypto market reacts to political tensions, particularly surrounding President Trump’s threats to remove Federal Reserve Chair Jerome Powell for not expediting interest rate cuts.  Related Reading Bitcoin Surges Above $87,000 In Sudden Move — Here’s The Catalyst 1 day ago

Youwei Yang, chief economist at Bitcoin mining company BIT Mining, provided further context on Bitcoin’s behavior in the current economic climate. 

Yang noted that while Bitcoin may initially respond like a risk asset—similar to tech stocks—during times of crisis, it tends to stabilize and exhibit characteristics of a safe haven asset akin to gold as market conditions improve. The daily chart shows ETH’s price consolidation. Source: ETHUSDT on TradingView.com

At the time of writing, ETHis trading at $1,584, posting losses of over 3% in the weekly time frame. Even more concerning, the altcoin is still down nearly 70% from its all-time high reached in the last bullish cycle.

Featured image from DALL-E, chart from TradingView.com