{"id":42153,"date":"2026-05-04T12:04:17","date_gmt":"2026-05-04T12:04:17","guid":{"rendered":"https:\/\/cryptd.in\/ethereum-eth-at-a-crossroads-another-rejection-or-this-time-it-will-be-different\/"},"modified":"2026-05-04T12:04:17","modified_gmt":"2026-05-04T12:04:17","slug":"ethereum-eth-at-a-crossroads-another-rejection-or-this-time-it-will-be-different","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/ethereum-eth-at-a-crossroads-another-rejection-or-this-time-it-will-be-different\/","title":{"rendered":"Ethereum (ETH) at a Crossroads: Another Rejection or This Time It Will Be Different?"},"content":{"rendered":"

The cryptocurrency market witnessed a solid rebound over the past 24 hours, with Ethereum (ETH) briefly rising to almost $2,400 before it was stopped after reports that Iran had hit a US Navy vessel.<\/p>\n

However, the bears intercepted the move, and the asset headed south in the last few hours, while some analysts suggest a further pullback could be on the way.<\/p>\n

What\u2019s Next?<\/h2>\n

As of this writing, ETH trades at around $2,350, posting a 1% daily increase. The renowned analyst Ali Martinez noted<\/a> that earlier today (May 4), the price reached the top of a certain channel at $2,375, describing it as a \u201cmajor area of resistance to watch.\u201d<\/p>\n

He reminded that on previous occasions, this level has been followed by a rejection, sending ETH back to the bottom of the formation for support.<\/p>\n

\n

\u201cFailure to clear this barrier could trigger a retracement to the channel\u2019s lower boundary, currently near $2,210,\u201d Martinez assumed.<\/p>\n<\/blockquote>\n

Nonetheless, he presented an optimistic scenario as well. In his view, if ETH gains the strength to print a daily close above $2,375, this could result in a 7% pump to the next structural high at $2,550.<\/p>\n

CRYPTOWZRD and CryptoMark also touched upon the matter. The former suggested<\/a> that a breakout beyond $2,400 could offer a \u201cbetter long location,\u201d outlining $2,270 as support.<\/p>\n

The latter claimed<\/a> that ETH has just finished coiling into a \u201cperfect Cup and Handle formation.\u201d They believe the price is \u201cjust a few points away\u201d from testing a breakout that could send the valuation straight to $2,850, or the highest since January this year.<\/p>\n

The Whales and More<\/h2>\n

Large investors have been quite active lately, reinforcing the possibility of further gains for ETH in the near future. As CryptoPotato<\/em> reported<\/a>, whales purchased 140,000 units (worth almost $330 million) in the span of just four days.<\/p>\n

Such accumulation is typically seen as a bullish factor because it reduces immediate selling pressure, reflects strong conviction among big players, and could encourage retail investors to hop on the bandwagon.<\/p>\n

The spot ETH ETFs are also worth observing. These products attracted<\/a> over $350 million in April, finally breaking the five-month negative streak. Moreover, May started with a massive inflow candle, and we have yet to see whether the institutional interest will remain high in the next four weeks.<\/p>\n

It is important to note that the current month has historically been a strong period for the second-largest cryptocurrency, with only three red finishes on record. However, two of those occurred during the bear markets of 2018 and 2022, putting ETH at a crossroads again.<\/p>\n

\"ETH<\/a>
ETH Monthly Returns, Source: CoinGlass<\/figcaption><\/figure>\n

A poszt Ethereum (ETH) at a Crossroads: Another Rejection or This Time It Will Be Different?<\/a> jelent meg el\u0151sz\u00f6r a CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market witnessed a solid rebound over the past 24 hours, with Ethereum (ETH) briefly rising to almost $2,400 before it was stopped after reports that Iran had hit a US Navy vessel. However, the bears intercepted the move, and the asset headed south in the last few hours, while some analysts suggest a […]<\/p>\n","protected":false},"author":1,"featured_media":42155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nEthereum (ETH) at a Crossroads: Another Rejection or This Time It Will Be Different? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/ethereum-eth-at-a-crossroads-another-rejection-or-this-time-it-will-be-different\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum (ETH) at a Crossroads: Another Rejection or This Time It Will Be Different? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market witnessed a solid rebound over the past 24 hours, with Ethereum (ETH) briefly rising to almost $2,400 before it was stopped after reports that Iran had hit a US Navy vessel. 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