Ethereum Price Prediction: Will Ethereum Coin Hold the $2,400 Support?
Ethereum Price Prediction: Key Support and Resistance Levels at Play
The Ethereum coin is currently trading around $2,427.5, stuck in a tight range between key support at $2,400 and the 200 EMA resistance at $2,466.1. The 4-hour chart reveals a clear battle zone, with multiple tests of the $2,400 area highlighted by green arrows—signaling strong historical buying pressure.
ETH/USD 4-hours chart - TradingView
However, the price is failing to reclaim the $2,535 resistance zone, suggesting that upside momentum is limited unless bulls step in with force .
Technical Indicators: RSI and Moving Averages
- RSI (Relative Strength Index) is neutral at 50.84, indicating no strong bullish or bearish momentum.
- 200 EMA (Exponential Moving Average) is currently acting as dynamic resistance.
- Price is consolidating below the 200 EMA, which often implies bearish bias unless a clear breakout occurs.
Critical Levels to Watch
Support:
- $2,400 – Holding for now, marked by multiple bounces (green arrows). A break below this level could trigger a drop to the next key level.
- $2,200 – The next significant support if $2,400 fails.
Resistance:
- $2,466 (200 EMA ) – Immediate resistance.
- $2,535 – A strong horizontal resistance level.
- $2,732 – Medium-term bullish target if the price breaks above $2,535.
Trade Setup: What Traders Should Look For ETH Coin
Bullish Scenario:
If ETH breaks above the 200 EMA and holds above $2,466, a move toward $2,535 becomes likely. A daily close above $2,535 would open the door to $2,732.
✅ Long Entry: Above $2,470
🎯 Target: $2,535 → $2,732
🛑 Stop Loss: Below $2,400
Bearish Scenario:
If Ethereum fails to hold $2,400, a decline toward $2,200 is likely.
🔻 Short Entry: Below $2,390
🎯 Target: $2,200
🛑 Stop Loss: Above $2,470
Neutral Zone:
ETH is currently ranging between $2,400 – $2,466. Traders should wait for a decisive breakout before entering large positions.
