4 min readEthereum (ETH/USD) has been on a tear, posting a nearly 90 percent gain from its cycle lows and nearly doubling in price. After this impressive run, ETH is now consolidating between clearly defined high time frame levels. Support currently sits around 2,400, while resistance is marked at 2,600. Price action within this range will be key to determining the next major directional move.
Similar to Bitcoin, Ethereum is showing signs of strong trend momentum. At the top of the chart, the ADX indicator is now reading above 34, suggesting that the trend remains active and healthy. While this does not guarantee continuation, it does indicate that the recent move could still have fuel left in the tank, especially if resistance is cleared and broader market conditions remain supportive.
To the downside, if price breaks below the 2,400 support zone, the next key level of interest sits around 2,100. This area held as support during a previous consolidation and could attract buyers once again if the trend pulls back further. In the case of an even deeper retracement, the 1,875 level becomes relevant, as it aligns with previous high time frame structure.
Zooming into the 4-hour chart, we can observe that Ethereum is currently trading within a clear consolidation pattern. A break below 2,400 would likely indicate a short-term shift in structure and could open the path to lower support levels. On the other hand, if bulls manage to reclaim the 2,560 area and push above the consolidation range, this would be a signal of strength and could lead to a breakout toward the next high time frame resistance at 2,700 or beyond.
The trend remains strong, but this current range will be a decisive zone to watch. With momentum still intact and broader market sentiment leaning risk-on, Ethereum could be preparing for its next big move.
Trading involves risk.
Author
Risk DisclaimerThe financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
