According to recent technical analyses, Ethereum price is approaching a decisive turning point, with two separate charts highlighting critical resistance levels. In recent days, Ethereum has repeatedly failed to overcome the $2,400 threshold, limiting upward momentum for now. As both resistance and support ranges become clearer in the short term, investors are closely watching pivotal levels.
The $2,400 barrier and support at $2,250
On the two-day chart, Ethereum has struggled to break above $2,400, encountering strong resistance that has pushed the price downward again. The charts do not yet reflect clear dominance from buyers, with sellers maintaining pressure. At this stage, $2,250 stands out as the nearest support level to watch.
If Ethereum can hold above $2,250, the possibility of challenging $2,400 once again remains on the table. Should this scenario play out, subsequent target levels would be $2,624 and $2,780. Conversely, if the decline continues and the price closes below $2,250, the next significant support is projected to be around $1,800.
Analysts noted, “After being rejected once again at the $2,400 range, Ethereum continues to display weakness in the short term. Without securing support at $2,250, it is too early to expect a move upward.”
Meanwhile, Ethereum is lagging behind Bitcoin in the short term. While decisive reversal signals have not yet emerged, the price is currently experiencing a partial recovery after the recent rapid pullback. Should Bitcoin undergo minor corrections, this could weigh further on Ethereum’s price.
Rising trend line and $2,679 wave target
Turning to the four-day chart, Ethereum is approaching a rising yellow trend line in the near future. Experts emphasize that the latest recovery has not yet developed into a strong trend; the price is still contending with a prevailing long-term downtrend. Notably, the $2,679 level is identified as the 100% target for the C wave, according to Elliott Wave theory.
This target sits at the lower boundary of a resistance zone spreading from $2,605 to higher Fibonacci retracement levels. Reaching this area is likely to trigger increased selling pressure and a temporary loss of upward momentum.
Currently, the ascent in Ethereum’s price appears to be forming within an A-B-C pattern that began after the recent bottom. While the C wave is advancing toward the resistance band, it remains unclear whether the market will achieve a decisive breakout. If Ethereum manages to break above $2,679, the next targets for the price are $2,893, $3,031, $3,275, and $3,332 according to the charts.
In the near term, confirmation of a trend reversal for Ethereum will require both a test above the yellow trend line and a successful breach of the current resistance band. Until these conditions are met, technical analyses point to ongoing resistance tests and an unresolved direction for upward trends.
