After soaking in the $2,200 zone last week, Ethereum prices today rebounded sharply towards a deal of nearly $2,417. This recovery follows bounce from Bull Market Support Bands and a long-term trendline recovery as buyers approached an overselling level. Although the current structure shows early signs of bullish intentions, Ethereum still faces considerable resistance from moving average clusters and dynamic volatility bands.
What will be the price of Ethereum?
ETH Price Dynamics (Source: TradingView)
Ethereum price action in the last two sessions reflects a quick reversal from the $2,200 area where prices intersect with Bull Market Support Bluff and bouncing off the weekly trending line. Daily charts show that ETH is recouping long-term oblique trend support, slightly above $2,205. As long as prices are held above this zone, the wider construction is still bullish.
ETH Price Dynamics (Source: TradingView)
On the four-hour chart, prices currently test the resistance from the EMA 20/50/100 cluster between $2,343 and $2,478. The upper bollinger band is close to $2,493 and forms an important merging resistance. Meanwhile, the Dokian Channel cap is close to $2,449, adding to the overhead barrier.
Why are Ethereum prices rising today?
ETH Price Dynamics (Source: TradingView)
The current movement of Ethereum prices is supported by clusters of bull signals across multiple indicators. On the 30-minute chart, RSI stands at 64.42, approaching the territory that was acquired, but shows strong momentum. The MACD remains in bullish territory, but is beginning to flatten, suggesting short-term caution.
ETH Price Dynamics (Source: TradingView)
The SuperTrend indicator again flips bullish on the four-hour chart, with Trendline support located near $2,205. The momentum in the direction has been improved. DMI shows Rising +DI (26.88), while -DI remains promoted at 45.47, indicating that the Bulls are regaining strength but still not fully controlled.
ETH Price Dynamics (Source: TradingView)
On the other hand, ETH trades beyond the Tenkansen and Kijunsen lines, and Chikouspan is looking to raise the past price structure, making it seem more positive for emotional improvements. Probability RSI, Fisher and Klinger oscillators are all bent upwards and support even upside down if the price is maintained above $2,380.
As a rebuild of momentum, Ethereum price volatility will rise
Volatility is back on the Ethereum chart. The width of the bollinger band is usually enlarged after the aperture leading to strong movement. Ethereum is currently hovering just below the resistance in the midband, with the next breakout zone between $2,449 and $2,493.
ETH Price Dynamics (Source: TradingView)
Prices are also re-entering the Donquian Channel cap, strengthening the region as a short-term decision point. On the daily chart, prices should clear the resistance zone between $2,437-$2,478. Chaikin Money Flow (CMF) was slightly positive at 0.04, suggesting a weak but stable influx.
If Ethereum is rejected by these bands, the viewing level includes $2,343 (EMA20), followed by a dynamic confluence of around $2,281-$2,317.
Short-term outlook: Can Ethereum prices continue to recover?
The short-term trends in ETH have changed bullishness, but important tests are soon. A clear breakout of over $2,450 with volume support could lead to a movement measured at $2,600. Conversely, a rejection and setback below $2,343 suggests the possibility of consolidation or retesting at the $2,281 and $2,205 levels.
Ethereum price volatility is growing, and the combination of higher lows and momentum recovery suggests that the upward potential remains intact, but prices will need to clear multiple technical barriers for further continuity.
Ethereum price forecast table
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