ETH, Daily candle 2,700-dollar Upper closing recovery rally forecast at 4,000 dollars

If Ethereum (ETH) closes above $2,700 on the daily chart, a strong rally for recovery to $4,000 could begin, according to analysis.

According to The Crypto Basic, Ethereum has risen by 92% from the low, recently recovering the $2,700 level. This upward trend is interpreted as breaking out of the downtrend channel pattern that continued from December 2024 and is at an important turning point in technical analysis.

Additionally, the Fibonacci retracement 0.5 level is forming a neckline, and a rounding bottom pattern is being observed. This pattern is considered a strong rebound signal, increasing the possibility of a trend reversal.

Technical indicators also show positive signals. The Relative Strength Index (RSI) has entered an overbought zone, and the 50-day and 100-day Exponential Moving Averages (EMA) are nearing a golden cross. With such technical strength supporting, if a daily close occurs above $2,700, the rally toward recovery to $4,000 may get underway.

Market experts analyze that if Ethereum breaks through $2,700 stably, strong buying pressure will be introduced, and further gains beyond short-term corrections are expected.