Ethereum price action on the 1-day chart continues to unfold in line with prior expectations, showing steady progress within its established bullish setup. The price remains well-structured with ETH holding above key support and respecting trend dynamics. Ethereum’s Next Key Targets — Where Price Could Be Headed Ethereum is facing resistance from a tight cluster of EMAs, which is acting as a ceiling and compressing price action. Crypto Devil highlighted on X that ETH needs to show strength and break above these EMAs to shift short-term momentum back to bull. The price action has already hit the RSI target and rejected from the initial chart target, indicating a possible exhaustion of momentum, but not a breakdown. ETH is showing signs of a potential spring test, a setup that often signals the final shakeout before a bullish breakout. The key confirmation signals to watch are: A break above the tight EMAs signals a bullish control trend, reclaiming the $2.600 level, which is a significant resistance and chart target. This would push the RSI above 53, indicating renewed strength and momentum. Barry | ChartMonkey also noted that the Ethereum weekly chart shows price steadily rising as expected, maintaining a clean bullish structure, and now approaching a critical resistance zone between $2,600 and $2,900. This resistance zone marks a pivotal moment for ETH. However, a break above $2,900 could ignite a new wave of bullish momentum, potentially setting the stage for a broader breakout toward higher targets. Thus, ETH could be on the verge of a significant upside move. On the 4-hour chart, Ethereum is gaining momentum, up 7.58% on the day and trading around $2,593. According to Wayne Liang, this surge is due to a combination of strong accumulation patterns , steady ETF inflows, and rising staking activity. Despite the impressive move, Wayne stated that the short-term outlook remains slightly bearish , with overhead resistance and cooling indicators, the broader trend remains bullish on the long-term trajectory. He refers to the current technical setup as a beautiful blue diamond, a symbolic description for the coiling structure before momentum could explode to the upside. Ethereum In Bullish Continuation Zone Whales_Crypto_Trading analyzed that Ethereum is holding above the lower boundary of an ascending triangle formation on the 2-hour chart, a bullish continuation pattern that precedes upward movement. If the pattern plays out, ETH could surge toward the $3,200 target, a move that aligns with technical projections and bullish market sentiment. The analyst also revealed that Ethereum is testing a key resistance level that has now turned into support. This level is where ETH might determine whether it maintains an upward trend or faces a pullback. If this support holds, ETH price could climb toward the $4,000 level in the next few months. This level represents a milestone that aligns with technical targets and growing market enthusiasm .
