What happened to Ethereum prices?
Ethereum ($eth) recently attempted a breakout past the $2,535 resistance zone but could not maintain it above it. After printing a powerful upward movement, ETH faced selling pressure and began retrace, reaching around $2,491 at press. The yellow zone of resistance, nearly $2,535, has proven difficult to conquer, and the RSI has fallen after reaching the acquired territory.
ETH/USD 4-hour chart – TradingView
The orange arrows on the chart highlight where the rejection began, while the previous green arrows show multiple rebounds from the $2,400 support, highlighting how important that level is.
Ethereum price analysis: Will ETH prices remain in place over next week?
ETH’s current 4H chart shows a clear structure between $2,400 in support and $2,535 in resistance. Every time ETH immerses in the $2,400 level, buyers are proactive and have become a strong support floor. However, despite multiple attempts, there is concern that it will not be able to break through the $2,535 level.
ETH/USD 4-hour chart – TradingView
The RSI indicator is dropped below the midline (45.90), suggesting it will reduce momentum. If the $2,400 level fails, the next support is close to $2,200. But once the Bulls defend $2,400 again and regain $2,535, the push to $2,732 could be played.
Ethereum price forecast: Should I buy ETH?
If ETH exceeds $2,400 in the coming days, this structure supports bullish continuation. The upward targets are $2,600 and $2,732. However, in the event of a breakdown, the short-term bear can take control and pushes ETH to under $2,200.
Buyers looking for medium-term entries can consider watching the $2,400 zone carefully for bounce signals. You need to be careful unless ETH supports you with a convincing repetition of $2,535.
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