#ETH Rebounds on Ceasefire News – Eyes Set on $3100 and Beyond!

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By analyzing the #Ethereum chart on the weekly (logarithmic) timeframe, we can see that after dropping to $2100, ETH started recovering strongly following the ceasefire announcement, and is currently trading around $2430. If Ethereum manages to close above $2700 by the end of the week, we could expect further upside.

The next potential bullish targets are $2890, $3100, and $4100.

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Best Regards , Arman Shaban

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We're currently holding a bullish bias on Ethereum following its strong rebound from the $2100 support zone. The ceasefire announcement between Iran and Israel helped restore some confidence in the crypto market, with ETH showing solid recovery momentum.

The key level to watch is the $2700 zone — a weekly close above it would confirm strength and likely attract more buyers into the market. If this level holds, ETH could push toward $2890, $3100, and potentially $4100 in the coming weeks.

However, failure to close above $2700 could signal a temporary stall or deeper consolidation.
Keep an eye on overall market sentiment and BTC price action for confirmation!

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By analyzing the Ethereum chart on the weekly timeframe, we can see that price is still hovering around $2430. At this stage, we need to wait and see whether ETH can successfully push above the key $2700 level.

Since the last analysis, we’ve seen some gains, but the main targets haven't been reached yet. According to our original plan, the short-term bullish targets remain $2700 and $2890, while the mid-term targets are $3100 and $4100.