The Ethereum price is trading at $2,556 after slipping 2% in the past 24 hours, while daily trading volume plunged 6% to $23.5 billion.
Ether Holds Steady as Traders Regain Confidence
The slide in ETH price comes despite growing confidence in the market and strong activity in Ethereum’s ecosystem. After falling from $2,880 to a low of $2,440, ETH found support around the $2,400 level.
Futures and options data show that traders aren’t panicking, futures premiums returned to neutral, and options pricing remains balanced. Exchange balances for ETH also dropped, indicating many holders are moving their coins into long-term storage or staking rather than selling.
Meanwhile, Ethereum’s layer-2 networks like Base, Arbitrum, and Polygon are booming, with their combined DEX trading volume now beating Ethereum’s mainnet. Shopify recently began testing USDC payments on Base, in partnership with Coinbase, showing real-world use of layer-2 tech
With $830 million flowing into spot ETH ETFs and a 6% rise in Ethereum’s total value locked (TVL) to $67.2 billion, the outlook remains positive. While ETH may not reclaim $3,000 soon, the $2,400 level is holding firm.
Ethereum Price Stuck Below $2.9K, But Signals Point to $4K Target
Ethereum (ETH) is trading at $2,533 after a small 0.93% gain. While the price has been moving sideways lately, the overall chart setup indicates that a bigger move could be coming, possibly up toward $4,000.
Zooming in on the chart, ETH recently bounced from a major support level near $1,600, where it consolidated for months. After breaking out of a long bearish channel that pushed prices down from $4,000 to below $2,000, the coin regained momentum and surged higher.
Right now, ETH is stuck under a resistance zone around $2,800–$2,900. It has tried several times to break above this level but keeps getting rejected. This has created a short-term range, but it’s also a sign that buyers are accumulating.
Ethereum Eyes $4K Breakout as Bulls Defend Key Support Zone
Below current prices, there’s a strong support area between $2,200 and $2,400, backed by a fair value gap (FVG) and an order block (OB)—both key indicators in technical analysis that suggest demand. As long as ETH stays above that zone, bulls remain in control.
The RSI (Relative Strength Index) sits at 53, showing neutral momentum. This means there’s still room for ETH to move up without being overbought.
If ETH can close and hold above the $2,900 resistance, it could trigger a rally toward the next major target near $4,000, where there’s more liquidity and trader interest. However, if ETH falls below $2,200, the bullish setup might break down and lead to more downside.
In short, Ethereum is in a holding pattern, but the signs look good. If it breaks above the current resistance, a run toward $4,000 could be on the horizon.
