Ethereum (ETH) climbed to $2,300 today before retracing slightly. This rally came after an over 8% surge, mainly fueled by last week’s positive ETF inflows. However, the question about whether ETH will sustain the rally has emerged.
Meanwhile, market participants want to know where Ether could end up between 2026 and 2027. In that context, analysts have mapped out key resistance levels for Ethereum’s upside price movement. But technical analysis may give us a better glimpse of what to expect for Ethereum.
Ethereum Technical Analysis Shows Bullish Momentum
Ethereum traded at $2,274 as of the time of writing, marking an 8.3% surge on the day. The move reflects strong buying activity and puts the asset back near an important resistance zone that traders have been watching.
Per data from TradingView, the Relative Strength Index is currently around 63. This level usually signals balanced momentum. It shows that the market still has room to move higher before reaching the overbought range.
The Moving Average Convergence Divergence shows prevalent bullish momentum. The histogram is positive and green, indicating growing momentum. Additionally, the MACD line is well above the signal line, a setup suggesting strong bullish momentum for Ether.
The price of Ethereum is also above the 20-day and 50-day exponential moving averages (EMAs) at $2,073 and $2,211, respectively. When the price stays this far above these averages, it usually confirms that the short-term trend is moving upward.
Traders are now watching resistance around $2,341, followed by a stronger level near $2,450. If price moves through those zones, the next major level to watch would be around $2,500.
Support currently sits near $2,138, with a deeper support level close to $2,011 if the market cools.
Analysts Agree on a Rally to $2,400: Where’s Next?
After the recent Ethereum price performance, several market analysts believe that there’s little to no resistance for Ethereum’s recovery to $2,400. As pointed out by WatcherGuru on X, ETH reclaimed $2,300 slightly before retracing to current levels.
However, despite the slight retrace, Ted Pillows believes that there’s not much resistance to cap Ethereum’s rally to $2,400 after its climb above $2,150.
“Now, there’s not much resistance for Ethereum until the $2,400 zone,”
he wrote.
But the analyst shared that a rejection near $2,400 could trigger a reversal towards new lows. For Ted Pillows, Ethere is now at a crucial ‘make-or-break’ zone.
Besides Ted Pillows, Tommy Jr also shared that ETH could easily climb to $2,400 in the next few sessions.
“$ETH finally broke out $2400 is a major suppression test,”
he wrote on X.
If Ether manages to move past this zone, then $2,500 could easily materialize by the end of March 2026. Such momentum may also trigger further bullish continuation.
In that case, Ethereum may attain $3,000 by the end of 2026 and $4,500 by the end of 2027, if bullish catalysts emerge. Nonetheless, investors must watch out for invalidation.
Playnance prepares for G Coin TGE on March 18
Playnance is preparing to launch the G Coin Token Generation Event (TGE) on March 18. This token will serve as the primary utility asset to its developing blockchain entertainment network.
The company has spent the past few years building a working ecosystem before bringing the token to market, which puts the project in a different position from many early-stage launches.
G Coin will be used across Playnance platforms for gameplay participation, prediction market activity, and reward distribution. So far, G Coin is used across 10,000 on-chain games, 2.5 million sports events, and by millions of prediction market users.
The playnance network itself has expanded steadily, with hundreds of thousands of user accounts and millions of blockchain transactions processed each day. This activity forms the operational backbone that the token will support once the March 18 TGE takes place.
With the launch approaching, playnance is positioning G Coin as the economic layer connecting its gaming, prediction, and digital entertainment platforms. For early buyers, G Coin can be purchased directly from the official sales page.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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