- ETH recovered from $2,400 after rejection near $2,520-$2,550, with $2,480 now the immediate resistance to watch.
- Crypto Patel sees a higher-timeframe close above $2,570 as bullish confirmation, while rejection could renew downside risk.
- RSI remains above 50 and MACD is positive, supporting moderate bullish momentum as ETH tests key resistance.
Ethereum is trading near $2,474 after recovering from a sharp rejection around $2,520-$2,550. Analysts DonAlt and Crypto Patel are watching $2,400-$2,570 closely, while the latest price data shows moderate bullish momentum. The levels could determine whether ETH retests recent highs or moves back below $2,000.
ETH Rebounds After Rejection
ETH climbed toward $2,520-$2,550 around August 30-31 before sellers pushed it toward $2,400. However, buyers returned strongly, lifting ETH back toward $2,474. The price now sits below immediate resistance near $2,480.
A move above $2,480 could bring $2,520 and the recent $2,550 high into focus. Meanwhile, $2,440 remains an intermediate support level. The $2,400-$2,410 area provides the stronger support zone from the recent sell-off.
DonAlt said ETH has “real good support” around $2,100. He also identified limited resistance up to $4,000. However, he warned that a failure below $2,000 could send ETH toward $1,000.
Crypto Patel Watches $2,570
Crypto Patel highlighted $2,500-$2,550 as major higher-timeframe resistance. He said ETH needs a decisive higher-timeframe close above $2,570 for bullish confirmation. According to Patel, rejection between $2,400 and $2,500 would increase the chance of another move below $2,000.
He also identified $1,200-$1,000 as a risk zone if the current lower high remains intact. Patel still holds a long-term $10,000 ETH target. However, he said current levels require confirmation before another major directional move.
The technical data shows RSI at 53.46, keeping momentum above the neutral 50 level. Its moving average stands near 55.02. Meanwhile, MACD remains positive, with its line at 5.07 versus 4.55 for the signal line.
$2,440 Holds as Buyers Return
The current structure keeps $2,440 important for ETH’s short-term price action. Holding that level could keep attention on $2,480-$2,520. A break below it could bring another test of $2,400.
The recent rebound therefore follows a clear sequence. ETH rejected the upper range, fell sharply, then recovered toward immediate resistance. Traders are now watching whether ETH can clear $2,480 before testing the higher $2,570 level.
