{"id":11714,"date":"2026-04-09T13:00:31","date_gmt":"2026-04-09T13:00:31","guid":{"rendered":"https:\/\/coinscap.info\/blog\/ethereum-reclaims-2200-but-analyst-says-its-not-time-to-celebrate-yet-heres-why\/"},"modified":"2026-04-09T13:00:31","modified_gmt":"2026-04-09T13:00:31","slug":"ethereum-reclaims-2200-but-analyst-says-its-not-time-to-celebrate-yet-heres-why","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/ethereum-reclaims-2200-but-analyst-says-its-not-time-to-celebrate-yet-heres-why\/","title":{"rendered":"Ethereum Reclaims $2,200, But Analyst Says It\u2019s Not Time To Celebrate Yet \u2013 Here\u2019s Why"},"content":{"rendered":"

While Ethereum (ETH) retests a key level for the first time this month, some market watchers have advised caution, warning that the start of a new bull run may not be here yet.<\/p>\n

No Ethereum Party Until This happens<\/h2>\n

After jumping nearly 10%, Ethereum is attempting to reclaim a crucial area that has served as a major resistance zone since the early February crash. Over the past two months, the King of Altcoins has been trading sideways, hovering between the $1,800-$2,200 levels.<\/p>\n

As the altcoin breaks past the $2,150-$2,200 area, some market observers cautioned investors not to celebrate yet, arguing that ETH has failed to hold this level despite multiple retests during this period.<\/p>\n

Analyst Ted Pillows affirmed<\/a> that as long as Ethereum holds above the $2,200 level, it could make a move towards last month\u2019s top, around the $2,400 area, but warned investors not to \u201cmistake it for the start of a bull run,\u201d suggesting that new lows will come between Q2 and Q3 2026.<\/p>\n

Similarly, market watcher Crypto Scient advised investors not to \u201cconfuse positioning with guessing,\u201d explaining that the cryptocurrency hasn\u2019t broken out of its macro downtrend, which began last October.<\/p>\n

According to the chart, Ethereum is currently near the macro trend resistance while still respecting a Lower High (LH) structure. To him, this is \u201cwhere most people front-run and get chopped.\u201d<\/p>\n

\"Ethereum\"<\/p>\n

Scient argued that even if the bottom is on and ETH\u2019s bull run has begun, \u201cthe money won\u2019t be made under this trend. It will be made once the price is above it.\u201d<\/p>\n

Nonetheless, the price needs to break above the trend, flip it into support, and show acceptance above it before investors can call a true reversal. \u201cUntil that happens, this is just another retest in a downtrend,\u201d he asserted.<\/p>\n

Key Levels To Watch<\/h2>\n

Ali Martinez shared<\/a> \u201cthe ultimate accumulation zones\u201d for Ethereum, outlining some potential scenarios for its price. In the first case, the cryptocurrency could be trading in a multi-year ascending triangle, with the $1,800 level being the \u201cline in the sand.\u201d<\/p>\n

As he explained, this price point serves as the triangle\u2019s hypotenuse and, if it holds, could trigger a rally toward the $4,900 x-axis. This level also aligns \u201calmost perfectly\u201d with the 0.80 MVRV Pricing Band, located around the $1,880 area.<\/p>\n

The 0.80 band \u201chas been a reliable indicator of cycle bottoms,\u201d as it has historically marked where sellers exhaust themselves, and \u201cStrong Hands\u201d take over, Martinez highlighted.<\/p>\n

Meanwhile, in the second scenario, Ethereum could be moving within a parallel channel, risking another 30%-50% correction toward the channel lows between $1,150-$1,170. Martinez emphasized that the UTXO Realized Price Distribution (URPD) reveals massive clusters of ETH were bought between $2,079 and $1,882.<\/p>\n

The URPD also shows that below $1,880, the most significant buy-walls sit at $1,584, $1,238, and $1,089, meaning that if the February lows are lost, the price would visit those levels.<\/p>\n

\u201cWhile accumulation happens in the $1,000s, the \u2018Start Engine\u2019 for the next major rally is the Realized Price at $2,500,\u201d the analyst noted, adding that whenever Ethereum reclaims its Realized Price, it has historically signified that the average holder is back in profit and the \u201ccooling period\u201d has finalized.<\/p>\n

\u201cA clean break and hold above $2,500 is my primary trigger for the beginning of a new macro bull rally,\u201d Martinez concluded.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

While Ethereum (ETH) retests a key level for the first time this month, some market watchers have advised caution, warning that the start of a new bull run may not be here yet. No Ethereum Party Until This happens After jumping nearly 10%, Ethereum is attempting to reclaim a crucial area that has served as…<\/p>\n","protected":false},"author":1,"featured_media":11715,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[111,681,32,38,4583,4584,1655,39,4585,86,42],"class_list":["post-11714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-market-correction","tag-cryptocurrency-market-news","tag-eth","tag-eth-bear-market","tag-eth-bottom","tag-eth-breakout","tag-ethereum","tag-ethereum-ascending-triangle","tag-ethereum-price","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/11714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=11714"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/11714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/11715"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=11714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=11714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=11714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}