Ethereum – Calm Before the Next Leg Up?

Ethereum had a disappointing start in 2025.

After pushing above $4,000 in mid-December 2024 — with headlines full of "$10K ETH coming!" — the new year began around $3,500, and what followed was a slow bleed.

By early April, Ethereum printed a shocking low at $1,380 — a level few believed was even possible.

But the bounce from there? ⚡

It was explosive — nearly +100% in just one month, with price topping around $2,700.

Since then, we’ve been consolidating — and that’s completely normal after such a vertical move.

🔍 So, what’s next?

Technically, ETH is forming a rectangle, a structure that often resolves as a continuation pattern.

The spike down to the $2,300 zone on May 19th was telling — buyers stepped in aggressively and pushed price back above $2,500, which now acts as a comfort zone for bulls.

📌 Conclusion
I’m looking to buy dips, ideally near $2,550, and my target is the $3,500 zone.

No need to reconsider the bullish outlook as long as price holds above $2,300.