With key levels coming into focus for Ethereum, market attention has shifted to volatility in the ETH/USD pair. Recent data indicates that while price action remains weak in the short term, there may be the foundation for a more optimistic outlook over the longer run. Ethereum continues to struggle with the 2,400 dollar resistance zone, and technical analysis underscores the significance of this area.
2,400 Dollar Barrier Blocks Upward Moves
Despite multiple recent attempts, ETH has failed to hold above the 2,400 dollar mark. Daily charts shared by analyst Ted show that Ethereum has dropped as low as 2,336 dollars, unable to break through the resistance band between 2,400 and 2,430 dollars. This zone has served as a major obstacle since April. Buyers have been unable to drive the price higher, and any temporary gains have lacked lasting support.
For Ethereum to build momentum, a daily close above 2,430 dollars is seen as critical. Should this happen, next targets come into view at 2,624 dollars and then the band ranging from 2,740 to 2,800 dollars.
According to Ted, weak spot demand in the market continues to sap momentum from recent gains. As a result, Ethereum has failed to break this resistance and has instead given up strength. On the same chart, the support zone is noted between 2,160 and 2,200 dollars. If ETH cannot climb above 2,400 dollars soon, sellers may push the price toward this support. Should a stronger decline set in, new support levels between 1,740 and 1,800 dollars are also being flagged.
While Ethereum is showing some short-term declines, longer timeframes point to the groundwork for a broader rally.
Despite the recovery seen in April’s price activity, ETH has not yet managed to clear its major resistance levels. The 2,400 dollar threshold continues to be a pivotal point in determining future direction.
Long-Term Bullish Signals and the 4,900 Dollar Target
On the weekly charts, Ethereum remains close to the 2,335 dollar mark. Analyst Ray notes in his long-term charts that a bullish setup is gaining strength. This pattern is emerging as an inverse head and shoulders formation: after a peak in 2025, the left shoulder formed, followed by a lower low for the head, and now a possible right shoulder is forming with latest upward moves.
Completion of the inverse head and shoulders model would signal a shift from selling to buying pressure. For this bullish scenario to play out, the price must stay above the main upward trendline and break through the specified resistance zone.
Experts highlight 4,900 dollars as the first major target. This level matches a previous high, and regaining it would suggest that Ethereum has re-entered its core bull territory. A further projection points to the potential for ETH to reach as high as 8,300 dollars, though surpassing 4,900 dollars is the immediate requirement.
As long as ETH maintains its position above the rising trendline, the outlook remains positive. If the price falls below this line, bullish expectations may weaken. The 4,900 dollar barrier remains the crucial threshold to monitor.
In summary, although Ethereum’s price remains under pressure in the short term, technical analysis suggests ample room for a rebound over the medium and long term. The direction of price action will likely be shaped by the 2,400 dollar mark in the near term and the 4,900 dollar mark further down the road.
