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ETH Ethereum rebounded strongly in the third quarter, reversing the June decline
Ethereum achieved a strong recovery in the third quarter, reversing the downward trend since June, and its daily technical structure has undergone significant changes. After a long period of weakness in the first half of this year, the world's second-largest cryptocurrency by market capitalisation is now showing clear signs of recovery and bullish momentum.
Price Recovery and Market Momentum
Ethereum is currently trading at close to US$2,492, with its lowest point in June at around US$1,600. The rally is up more than 55% from quarterly lows, signaling renewed interest among traders and investors in the asset.
August is the strongest period in the Ethereum recovery process. After several weeks of consolidating in the $1,850 to $1,950 range, prices quickly broke through the $2,000 mark and quickly advanced into the $2,400 to $2,500 range. This breakthrough was accompanied by a significant increase in trading volume, which highlighted the intensity and importance of this trend from the perspective of technical analysis.
Ethereum did not give up its recent gains, but remained at a consolidation stage of US$2,400 to US$2,550, indicating that the market is digesting the strong gains in August without giving up important ground. This consolidation is seen as a positive signal because it keeps Ethereum above its previous breakthrough level and establishes a new, higher trading range.
Technical structure and moving average
Ethereum's daily chart shows that cryptocurrencies, which had long been below key technology thresholds, now stand on all major moving averages. Short-term moving averages currently provide dynamic support between $2,350 and $2,400, while most long-term averages are clustered in the $2,180 to $2,250 range. After a long break out of status in 2026, the asset has regained its main long-term moving average.
At the same time, technical indicators showed that upward momentum slowed. The Relative Strength Index (RSI) entered overbought territory when it broke out in August, but then fell back to near the median of 50, indicating that some of the excessive enthusiasm has dissipated and buyer activity has stabilized.
Noun explanation: Relative Strength Index (RSI), a trend momentum indicator used for technical analysis, evaluates whether an asset is overbought or oversold by measuring the speed and change of price changes.
Key Resistance Levels and Future Outlook
Looking forward, the US$2,550 to US$2,650 region will be the next major resistance area for Ethereum. In recent months, Ethereum has repeatedly struggled to maintain a trend above $2,500. If this level can be successfully exceeded, it will create opportunities for further rise to US$2,700 or even a potential target of US$3,000.
Currently, Ethereum's significant rebound in the third quarter and its continued performance above key support levels are maintaining a bullish market structure. As long as ETH remains in the $2,350 to $2,400 range, technical analysts believe the broader upward momentum remains intact.
