Ethereum Accumulation Is Almost Over – Breakout Above $2,200 Could Trigger Expansion Phase

Ethereum is trading back above the key $2,000 level after spending several volatile weeks attempting to reclaim it. Since late February, ETH has dropped more than 38%, triggering widespread panic as the price broke below major support and briefly dipped under $1,800. The decline sparked fears of a prolonged downtrend, with many questioning whether Ethereum had entered a bear market.

Ethereum Bulls Face a Test as Expansion Phase Looms

However, sentiment is beginning to shift. Investors are now looking for signs of recovery as ETH stabilizes and retests important levels. A growing number of analysts believe that the recent volatility may have been a final shakeout before a new uptrend.

Top analyst Ted Pillows shared insights on X, suggesting that Ethereum may be wrapping up its “manipulation phase.” This phase typically features erratic price action designed to exhaust both bulls and bears before the market commits to a clear direction. If the phase ends soon, Ethereum could rebound significantly in the coming weeks.

As ETH hovers near $2,000, the next few sessions will be crucial in determining whether bulls can maintain momentum or if further downside lies ahead.

Conclusion

Ethereum’s recent price action has been marked by significant volatility, with the asset dropping more than 38% since late February. However, sentiment is beginning to shift as investors look for signs of recovery. A growing number of analysts believe that the recent volatility may have been a final shakeout before a new uptrend.

FAQs

What is the current price of Ethereum?
The current price of Ethereum is $2,070.

What is the key level for Ethereum’s recovery?
The key level for Ethereum’s recovery is the $2,200 level.

What is the manipulation phase in Ethereum’s price action?
The manipulation phase is a period of erratic price action designed to exhaust both bulls and bears before the market commits to a clear direction.

What is the potential outcome of the manipulation phase?
If the phase ends soon, Ethereum could rebound significantly in the coming weeks.

What is the next crucial level for Ethereum’s price action?
The next crucial level for Ethereum’s price action is the $2,250 level.

What is the potential outcome if Ethereum fails to hold above $2,000?
If Ethereum fails to hold above $2,000, the market could experience renewed selling pressure, potentially pushing the asset back toward the $1,800 support level.