Cryptocurrency analyst Ben Gray recently shared his insights on the Ethereum price, highlighting a bullish trend with significant resistance at $2,100. Despite this hurdle, ETH is aiming for new highs as it navigates through key price levels.

Based on Gray’s analysis posted on TradingView, Ethereum is currently encountering resistance at $2,160 while showing signs of a bullish market. The altcoin is fluctuating within the $2,044 to $2,080 range, indicating a potential bottom formation in the recent price action.

Looking at the 4-hour candlestick chart, Gray emphasized Ethereum’s endeavor to break through the $2,160 resistance level. He expressed optimism for ETH’s future in 2025, projecting a price range between $2,904 and $4,887. This forecast positions Ethereum below its previous all-time high but suggests upward potential.

Regarding recent performance, Gray noted Ethereum’s strong showing, particularly noting the need to surpass the $2,160 resistance level to shape its short and mid-term trajectory.

Another prominent analyst, Ali Martinez, underscored the $2,300 level as a crucial resistance barrier for Ethereum’s price. Martinez highlighted the significance of ETH reclaiming $2,040 and indicated potential challenges at the $2,300 mark due to strong resistance bands.

In a separate analysis, Titan of Crypto indicated signs of Ethereum bottoming out, citing the oversold territory of the weekly Stochastic RSI indicator. This development historically precedes market bottoms for ETH, hinting at a possible rally towards $6,000 with a bullish reversal.

Echoing this sentiment, Crypto Caesar asserted that Ethereum is currently undervalued and primed for a bullish reversal. Drawing on past patterns, the analyst emphasized Ethereum’s resilience in bouncing back from bearish cycles and reaching new highs.

At present, Ethereum is trading around $2,022, exhibiting a slight decline over the past 24 hours according to CoinMarketCap data. Despite short-term fluctuations, analysts remain optimistic about Ethereum’s potential for a bullish turnaround in the near future.

By incorporating expert analysis and market insights, Ethereum’s price movements and potential for growth are closely monitored, providing valuable perspectives for investors and enthusiasts in the cryptocurrency space. As Ethereum navigates key resistance levels and showcases resilience, the path to new highs remains a focal point for market observers and participants alike.