Ethereum (ETH) Price remains steady around $2,400 following a recent pullback and increased trading activity. Market participants anticipate a breakout as buying pressure builds near this level. Bitcoin trades near $102,000 but faces challenges in sustaining upward momentum. Ethereum’s current price movement indicates cautious sentiment as traders prepare for a possible rise toward the $4,000 mark.
Ethereum Price Nears Key $2,400 Buy Zone Ahead
Crypto analyst Michaël van de Poppe highlights that the Ethereum (ETH) price is approaching an important buying zone. He identifies the price area below $2,400 as a strategic point to accumulate holdings. This level may serve as a foundation for the next upward move.
The recent price action shows a breakout from a triangle pattern, signaling potential strength ahead. Van de Poppe suggests that traders prepare for a possible rally toward $4,000 by considering dips near the $2,400 mark.
$ETH goes towards the ‘buy the dip’ range.
Sub $2,400 is the area where you’d want to accumulate before the next run towards $4,000. pic.twitter.com/y56cKttUHY
— Michaël van de Poppe (@CryptoMichNL) May 19, 2025
ETH Price Eyes $4,000 After Breaking Out of Key Triangle
Following a breakout from a triangle, the value of Ethereum has been trending higher this year. Based on the chart, the market appears to be picking up speed like it did in early 2020. With the surge trying to reach $4,000, there is a strong chance for upward movement for Dogecoin.
In both 2021 and 2020, Ethereum emerged from a triangle and headed into a lengthy uptrend. As a result of this, market analysts believe that the industry will continue to grow in 2025. The latest movement suggests people are more interested in buying and are confident about the market.
#Ethereum 2025 Bull Run Has Started 🔥
This surge occurred after $ETH broke out from a triangle.
The target is set at $4,000 🚀 pic.twitter.com/3jajy51kKK— Trader Tardigrade (@TATrader_Alan) May 19, 2025
Will Ethereum Price Rebound To $3k?
The latest ETH price faces notable volatility as it trades near $2,415 following a recent dip of 3.31%. The Ether price touched a daily high of $2,512, while the low marked $2,350, indicating a relatively broad price range.
The MACD indicator shows bullish momentum, with the MACD line above the signal line, though the gap between them narrows, signaling potential slowing momentum.
The RSI recently dropped from an overbought level to around 61, suggesting the buying pressure is easing but still remains positive.
The price of Ethereum is still found within both its price support and price resistance areas. Immediate support for ETH can be seen at $2,400, while the top levels are at $2,800, $3,000, $3,200, and $3,500.
Should the bulls pick up again, ETH could move to $4,000, a 61% increase from where the coin stands currently. If $2,400 is not broken, then the price could test the $2,000 region it stood on before.
