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Ethereum (ETH) appears to have found its bottom, setting the stage for a potential bullish reversal. Market analyst Titan Of Crypto has highlighted that ETH has swept its 2024 low on the perpetual daily chart, touching a critical point of interest that could ignite a rebound. This development has sparked optimism among traders, indicating a possible shift in momentum.
#Ethereum Bottom is in 🚀
— Titan of Crypto (@Washigorira) March 4, 2025
The 2024 low has been swept on the #ETH Perpetual daily chart, tapping into what I believe was the most significant point of interest for a potential reversal. pic.twitter.com/en1FyTbHVD
Ethereum’s CME Futures Gap Filled, What’s Next?
One of the strongest technical indicators supporting Ethereum’s potential rebound is the completion of its CME futures gap. The analyst noted that the 4-hour gap between $2,430 and $2,270 has now been filled, historically a significant price movement event for ETH. This technical factor strengthens the bullish case, suggesting ETH could be primed for further gains.
Traders are now eyeing two unfilled gaps above Ethereum’s current price: one between $2,540 and $2,620, and another between $2,900 and $3,310. Historically, ETH has tended to fill these gaps over time, making these price ranges key targets for a potential rally in the coming weeks.
Ethereum Faces a Critical Resistance at $2,400
While Ethereum has shown signs of strength, a significant resistance level at $2,400 could determine its next major move. On-chain data reveals that approximately 2.41 million investors collectively hold over 62.68 million ETH at this level, creating a formidable supply zone. Breaking through this resistance could be the key to unlocking Ethereum’s next bullish phase.
If ETH successfully breaches $2,400, it could pave the way for a surge toward $3,000, aligning with the next major CME gap. However, failure to overcome this level may result in short-term consolidation or a potential pullback before another breakout attempt.
Also Read: Ethereum Whale Dumps 40K ETH—Is a Bigger Sell-Off Coming?
Will Ethereum Surge to $3,000?
Ethereum’s recent price action suggests that the market is at a critical juncture. With the 2024 low swept, the CME futures gap filled, and resistance at $2,400 in focus, the coming days could be pivotal for ETH’s trajectory. Should bulls manage to push past this key resistance, Ethereum could gather momentum and rally toward the $3,000 mark, reaffirming its bullish outlook.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
