Ethereum could be set for a bull rally, with technical indicators pointing to a critical juncture, according to a prominent market analyst.
In an analysis posted on X, Ali Martinez highlighted that ETH is currently testing the upper resistance line of an ascending triangle formation on the daily chart. The price action is robust, yet the TD Sequential tool is displaying a sell signal. This identical warning preceded a pullback to support the last time the asset traded near $2,400.
Nevertheless, the cryptocurrency has reclaimed its 100-day simple moving average, which the analyst interprets as evidence of solid underlying strength.
Martinez is now focusing on a daily close above $2,480. Such a move would likely invalidate the bearish TD signal and confirm a breakout from the triangle pattern, paving the way for a possible rally toward $2,900.
If Ethereum maintains support above $2,180 and successfully breaches the $2,400 resistance, it could extend gains to $2,750. Should it fail to defend that support, however, a retest of the $2,030 area cannot be ruled out.
 
Meanwhile, Ethereum is up 6.83% to $2,358.40 over the past 24h, outpacing Bitcoin’s 4.74% gain and a broader market rally, driven by easing geopolitical tensions and strong institutional ETF inflows.
Geopolitical de-escalation hopes and a sharp reversal in ETF flows shifted capital from Bitcoin to Ethereum, with ETH spot ETFs recording their strongest weekly inflows of 2026, totaling $187 million. A risk-on rotation into altcoins, evidenced by a rising ETH/BTC ratio, combined with a surge in on-chain utility, where daily transactions jumped 41% week-over-week.
If ETH holds above the $2,180 support and breaks the $2,400 resistance, it could target the $2,750 extension level; a failure to hold support risks a retest of the $2,030 area.
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