Summary Points
-
Current Trading Range: Ethereum (ETH) is currently trading around $3,140, fluctuating within a range of $2,600 to $3,350 for the past two months, showing a 1% gain in 24 hours.
-
Analyst Predictions: Experts suggest that a breakout above $3,350 could lead to price targets of $4,000 to $7,000, with significant support established just above $2,630.
-
Market Dynamics: Futures open interest for ETH has fully recovered to 5.07 million contracts, indicating increased trader positioning despite prices being nearly 40% below previous highs.
-
Ethereum vs. Bitcoin: ETH has outperformed Bitcoin since April 2025, with analysts noting a favorable structural trend that may lead to further price increases if it surpasses the $4,000 mark.
Ethereum Nears Decision Point After Two Months of Range Trading
Ethereum (ETH) currently trades around $3,140, following two months of sideways movement. The cryptocurrency has fluctuated between $2,600 and $3,350 during this period. Analysts now anticipate a potential breakout as they monitor key resistance and support levels.
Market observers highlight resistance near $3,350 and support at approximately $2,630. Analyst Daan Crypto Trades remarked on the market’s choppy nature, expressing hope for a decisive movement. “Still patiently waiting for either of these levels to be broken,” he stated.
Recently, ETH showed a slight gain of 1% over the past 24 hours. However, it still trails key moving averages, with the Daily 200 EMA at about $3,340. Until it surpasses this mark, uncertainties may continue to cloud its trajectory.
In a positive note, analyst Michaël van de Poppe observed ETH maintaining above a significant resistance zone, which may now function as support. He suggested that the chances for new monthly highs have increased: “The likelihood towards new monthly highs has significantly increased,” he said.
ETH is also on a gradual upward trend since December’s lows, bolstering the case for a potential rise towards the $3,800 zone. Meanwhile, trader Ted pointed out the presence of short liquidations in the $3,150 to $3,250 range, as well as liquidity clusters in the $3,000 to $3,050 area. Upcoming price movements might test these levels.
In terms of futures trading, activity has rebounded to pre-crash levels, reaching around 5.07 million contracts. This resurgence indicates renewed interest among traders, yet ETH’s spot price hovers about 40% below its previous high of $4,950.
As trader KAY noted, a disparity between rising open interest and stagnant price could signal potential risks if support fails. Additionally, ETH’s performance against Bitcoin (BTC) shows a shift as it has outperformed since April 2025, indicating a bullish atmosphere.
Ethereum persists in its efforts to maintain above the $3,000 mark while establishing a Wyckoff structure. If it clears the $4,000 threshold, it could pave the way for prices reaching between $5,000 and $7,000. This potential growth aligns with Ethereum’s evolving role in technology, fostering developments in decentralized applications and blockchain solutions that address real-world challenges.
Stay Ahead with the Latest Tech Trends
Dive deeper into the world of Cryptocurrency and its impact on global finance.
Discover archived knowledge and digital history on the Internet Archive.
Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
CryptoV1
