- Ethereum remains range-bound between $2,407 and $2,609 as traders await a breakout from this sideways market structure.
- A dominant downtrend and repeated rejections near $2,560–$2,640 continue to weigh heavily on short-term ETH price action.
- Strong support zones between $2,106–$2,168 and $2,280–$2,360 offer a safety net as ETH hovers near key horizontal levels.
Ethereum (ETH) continues to trade within a tight range as uncertainty clouds market momentum. According to Daan Crypto Trades, price action has remained indecisive for the past two weeks. ETH currently sits near $2,530, marking only a slight decline of 0.13% within the latest session. The chart outlines a clear local range between $2,407 and $2,609. This range reflects the broader consolidation gripping the crypto market. Bitcoin and the total crypto market cap also show similar stagnation. Consequently, Daan notes a lack of incentive to trade until a definitive breakout occurs.
Support and Resistance Levels Define the Battlefield
The chart from Coinbase highlights price levels that are shaping Ethereum’s direction. Local resistance sits firmly around $2,609, while support remains strong at $2,407. Additionally, high timeframe resistance exists near $2,851 and $2,815. These zones have repeatedly blocked upward movement. On the flip side, Ethereum benefits from strong foundational support between $2,106 and $2,168. Hence, these areas continue to serve as crucial price floors.
Source: Daan Crypto Trades
Moreover, the candlestick chart displays active yet restrained trading. A strong green candle mid-range suggests brief bullish pressure, but selling quickly followed. Volume remains moderate with both green and red bars alternating. This confirms that current price moves have legitimate backing. However, without a decisive breakout, traders remain cautious.
Descending Trendline Dominates ETH/USDT
Meanwhile, CryptoCaesarTA offers a contrasting short-term outlook based on BitGet data. Ethereum trades at $2,513, down 0.72% from the prior session. Price action stays below a dominant descending trendline that began near $2,720 on May 13. This trendline marks a clear downtrend and continues to act as a dynamic resistance.
Source: Crypto Caesar
A red-shaded resistance zone between $2,560 and $2,640 has rejected recent breakout attempts. A red circle highlights this failed push. Furthermore, Ethereum now hovers just above key horizontal support at $2,500. The blue support zone between $2,280 and $2,360 remains Ethereum’s safety net.
