Ethereum’s recent price movement has taken traders by surprise, climbing sharply from $2,498 to $2,710 within hours. The unexpected rally caught the attention of well-known commodities trader Peter Brandt, who pointed to a potential bullish breakout on Ethereum’s monthly chart.
According to Brandt’s post on X, he referenced the move with the phrase “Every dog has its day — woof woof $ETH,” a remark that appeared to blend sarcasm with technical insight. Brandt, typically critical of Ethereum, used the tweet to highlight a key breakout level that could signal a shift in momentum.
Even though Brandt likes Bitcoin a lot, he also trades Ethereum when it is a good opportunity. Sharing a monthly chart along with a current remark, he stated that Ethereum’s present configuration seems encouraging, though he still has some concerns.
Ali Martinez, a crypto analyst, noted that for Ethereum to keep rallying, it has to finish the day above $2,750. In Martinez’s view, if ETH gets rejected here, it might drop to $2,500 or even to $2,380.
Source: @ali_charts
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Analysts Watch $2,750 Level After Surprising ETH Price Reversal
The sharp upward move has added volatility to the Ethereum market, with traders closely observing the following price reaction. The $2,750 resistance zone is now a key point of interest as Ethereum tests its strength following the breakout.
Source: Brandt
Brandt’s comment emphasizes the current chart’s pattern. With a touch of humor, he points out that the changed technology on Ethereum may require serious involvement from the market.
Although momentum is good on the hourly chart, the main direction is still uncertain until BTC can move above the primary resistance. If the trend reverses, there might be more selling and a new drop in the market.
In the current situation, traders are still cautious, checking whether Ethereum’s rise will continue or slow. The following sessions will prove whether the recent rally signals a new trend or just a momentary surge.
Experts are talking about Ethereum’s recent rise after it spread to the general public. Now that $2,750 is getting attention, traders are looking for a decision that will indicate whether the crypto rally will continue.
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