If this level is maintained, Ethereum will make a "big breakout" over the next two weeks.

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As prices continue to trade sideways, Ethereum (ETH) could recover critical levels and begin breakouts to $2,100 resistance. However, some analysts have suggested that the Bulls need to take action or that a 15% drop could be on the horizon.

Ethereum Eyes Breakout $2,100

After successfully holding the $1,750 level as support, Ethereum regained a $1,800 resistance. Cryptocurrency has recovered nearly 20% in the last two weeks, reaching a one-month high of $1,873 in the beginning of May.

ETH is currently registering an increase of 1.92% from its monthly opening, following a 1.95% negative in April. In particular, Altcoins’ King could end its five-month red streak if it continues trading above $1,807 in the coming weeks.

In Tuesday’s revision, Ethereum surpassed the $1,800 mark after retesting the $1,750 level. Analyst Michael Van de Poppe points out that ETH has retained the resistance that has recently been regenerated and is beginning to bounce back to confirm as support again, indicating purchase pressure.

As a result, analysts believe investors are “looking to witness a big breakout” at the $2,100 barrier over the next week or two. Reclaiming this level is key to Ethereum as it was a key resistance ahead of the 4th quarter 2023 breakout and served as a key support zone at 2024 and early 2025 meetings.

Analyst World of Chart highlighted that after S escaped from the downtrend in late April, he was sideways between the $1,750 and $1,870 price range. And it “seems to be built for a solid breakout” from the integrated zone.

With each post, with breakouts from this range and confirmation of levels as support, cryptocurrency could be sent towards the $2,500 level lost in February.

ETH prices risk alternative fixes

Market Watcher Daan Crypto Trades noted that “the Bulls will want to move forward soon,” despite the price of the ETH exceeding $1,750.

Traders suggested that if Altcoin cannot withstand another retest in this range and the level is not retained, a 15% drop could be possible.

“If you get that level, it’s very easy to see how it goes back just by ‘Bart back to $1500’,” Daan elaborates, warning that if ETH goes below this level it could endanger the new low.