Analysis: Ethereum's Next Target Price May Be at $2,800, Short-term Upside Space Emerges

SmartContractAuditor · 2026-03-16T14:31:08+00:00

Ethereum has shown strong recent rebound momentum, with technical indicators suggesting short-term potential to challenge $2,800. Trading volume has increased, breaking through the daily bearish flag pattern and reclaiming key moving averages, with expected upside potentially reaching $2,850. Resistance levels are concentrated in the $2,770-$2,880 range, with short-term targets potentially around $2,800.

SmartContractAuditor

2026-03-16 14:31:08

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Odaily Planet Daily reports that Ethereum has recently shown a strong rebound momentum, with multiple technical and on-chain indicators suggesting it may challenge the $2,800 level in the short term. On Monday, ETH trading volume increased, breaking the previous bearish pennant pattern on the daily chart and reclaiming key moving averages, including the 20-day EMA ($2,072) and the 50-day EMA ($2,210). Technically, a symmetrical triangle pattern indicates that if the price breaks above the upper trendline, the potential upside could reach $2,850, corresponding to the 200-day EMA. Meanwhile, the next resistance level is around $2,500 near the 100-day EMA. On-chain data shows that resistance above Ethereum is concentrated in the $2,770–$2,880 range, where over 7.9 million ETH are held by long-term holders. Additionally, the cost basis distribution indicates that over 3 million ETH are accumulated near $2,800, providing a potential pathway for the price to challenge this level in the short term. Considering multiple factors, $2,800 may become the key target for Ethereum in the next phase. (Cointelegraph)

ETH9,35%

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