Is history repeating itself? Ethereum is triggering the technical indicator that preceded the last major rally. Discover why $2.900 is analysts' next target for ETH.
Ethereum has begun to exhibit a technical strength not seen since the beginning of last year. In the last trading day, the leading smart contract network registered an advance of 1,40%, setting its price at the $2.315 per unit.
According to market analysts, the price of ETH has managed to hold above levels that previously acted as insurmountable barriers, suggesting a shift in how participants value the digital asset. Stability within this range also indicates efficient absorption of the available supply. Current demand appears stronger and more consistent, allowing Ethereum to consolidate a solid foundation for its future movements.
Buy Ethereum on Bit2MeInstitutional accumulation: BitMine exerts new pressure on the ETH supply
The story of Ethereum in 2026 revolves around a growing institutional interest which has redirected large volumes of capital toward its ecosystem. In this context, BitMine's performance continues to attract attention, after executing one of the most intense accumulation strategies in recent times. According to its weekly report, shared on X, the firm completed its largest weekly purchase from the end of 2025, having recently acquired other 101.627 ETH.
This massive purchase of ETH not only injects liquidity into the cryptocurrency but also acts as a validator of its value proposition. By withdrawing over one hundred thousand units from circulation to integrate them into long-term treasury strategies, a supply shockThus, with fewer tokens available on exchanges, any increase in global interest translates into more vertical price movements.
BitMine's support for Ethereum, coupled with the constant flows reported by firms like CoinShares into ETH-based exchange-traded funds, confirms that the institutional appetite for owning a part of the Web3 infrastructure is more voracious than ever.
Create your account and access ETH nowEthereum breaks key resistance and targets new highs
From a technical analysis perspective, Ethereum has completed a critical accumulation phase that experts were closely monitoring. The analyst Ali Martinez He noted that the asset has officially broken through the X-axis of an ascending triangle pattern. According to his analysis, this breakout occurred after invalidating the $2.385 resistance level, which had limited ETH's price growth for months.
"By turning $2.385 into a support floor, ETH has neutralized recent sell signals and confirmed the continuation of a larger trend."
With the upper supply (resistance) cleared, the technical target for this pattern is now $2.900. As long as the price remains above the breakout zone, the momentum remains firmly in favor of the bulls. Martínez commented on X.
According to Martinez, Ethereum's current price leaves the path clearer for further gains. His projection, derived from technical analysis, places the next target around [price range missing]. $2.900 per ETHThis is a reference point that is beginning to gain relevance in the short and medium term. He emphasized that as long as Ethereum remains above the level that marked the breakout of the ascending triangle, market control remains with the buyers. This stability above the support level will be key to sustaining the current momentum and allowing the price to continue its upward trend.
The SuperTrend puts Ethereum back on the market radar
In addition to the break of a chart pattern in its price, Martinez also observes the reactivation of SuperTrend indicator. highlighted That, for the first time in more than twelve months, this oscillator —which combines volatility and trend— has changed to a buy signal on the cryptocurrency's daily chart.
According to the analyst, the fact that this signal is activated precisely after the break of the ascending triangle adds a layer of statistical confirmation that usually attracts quantitative investment funds and high-frequency algorithms.
This indicator is so relevant now because, historically, when Ethereum's SuperTrend turns green after prolonged periods of sideways trading, it usually precede cycles of sustained revaluation. So this isn't just a momentary spike. For Martinez, it validates that the macroeconomic structure of the cryptocurrency has shifted from defensive to expansionary.
Ethereum is trending upwards: buy hereThe market projects $2.900 per ETH
To ensure the continuation of this rally towards $2.900, experts are closely monitoring specific levels. The $2.385 mark is now the most important barrier: acting as support is vital to validate the technical breakout. A sustained close below this level could delay the upside target, although the density of institutional buying detected near $2.250 per ETH suggests a very robust protective floor.
Beyond price fluctuations, Ethereum is reaffirming its central role within the digital ecosystem. The positive signal from the SuperTrend indicator and the increased accumulation by major players reflect a growing and sustained interest in the cryptocurrency.
In this context, the market is now focusing its attention on the speed at which ETH could approach, and even exceed, $2.900 per unit.
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