According to analysts, the recent price action of Ethereum (ETH) indicates a shift toward a positive trend. Experts anticipate a potential rally in the second-largest cryptocurrency, with $3000 remaining a key target.

Over the past month, Ethereum has declined by 15.5%. Currently, the asset is attempting to break above critical resistance levels. If successful, ETH could surpass $3000 and recover recent losses.

On the evening of February 18, Ethereum was trading at $2698, marking a 2.3% decline over the past 24 hours. The following morning, ETH opened higher, reaching $2674 but remaining below key resistance. At present, Ethereum is holding above the $2654 support level, with the next significant resistance at $2793. A break above this level would pave the way for a rally toward $3000 and beyond.

Bullish and Bearish Scenarios

In an optimistic scenario, Ethereum could turn $2793 into new support, allowing for further growth toward the next resistance level at $3303. Such a sharp increase would boost investor confidence and accelerate the altcoin rally, according to analysts.

However, if Ethereum fails to break through $2793, consolidation will likely continue. Under worsening market conditions, ETH could face a sharp decline, potentially dropping to $2546 or lower, putting the bullish outlook in jeopardy and delaying the uptrend indefinitely.

Currently, assets like Bitcoin are under downward pressure, yet Ethereum has managed to hold its ground. The second-largest cryptocurrency has shown slight positive momentum, briefly surpassing $2700. Given this price movement, many analysts believe Ethereum is gaining momentum for a potential breakout.

Key Support Levels and Institutional Interest

Crypto analyst Ali identifies $2425 as a critical support level, highlighting it as a key accumulation zone for 10.33 million wallets holding 62.43 million ETH.

Market intelligence firm Santiment has also observed a strong performance from Ethereum. Analysts note that ETH has outperformed many altcoins this week, attributing this to increased transfers from exchanges to cold wallets, which often signals long-term accumulation. The firm believes Ethereum's growth is largely driven by renewed interest from the crypto community.

Despite lagging behind other leading assets, Ethereum continues to attract investors' attention. As market conditions improve, analysts expect ETH to recover, potentially surpassing last week's low and climbing back to $3000 and beyond.

Long-Term Outlook: Could Ethereum Rebound by 72%?

Many crypto strategists remain optimistic about Ethereum's trajectory. Crypto analyst Javon Marks suggests that ETH is emerging from a prolonged consolidation phase, with the potential to recover by 72% or more, returning to its all-time highs. Such a move could trigger a broader bullish wave across the altcoin market, reinforcing Ethereum's position as the leading altcoin.

In February 2025, spot Ethereum ETFs attracted significant institutional investments, totaling 145,000 ETH worth over $387 million. Compared to January 2025, capital inflows increased sevenfold, signaling growing institutional interest in Ethereum. If this trend continues, ETH is likely to challenge key resistance levels, paving the way for new all-time highs in the near future.