Ethereum (ETH) is showing renewed strength as it trades around $2,485, bouncing back from last week’s low near $2,200. After reclaiming key exponential moving averages (EMA) and invalidating the recent bearish market structure, ETH’s rebound appears technically sound — but a major resistance zone between $2,500–$2,560 could soon test the rally’s momentum.
🔍 Price Action Overview
ETH has pushed above the 50-day EMA, with daily closes now returning to a demand zone near $2,470. A four-hour chart breakout above $2,480 also confirms a bullish change of character (CHoCH), as per Smart Money Concepts. However, the coin is now pressing up against a familiar sell zone — a region that has triggered three failed breakout attempts this month alone.
If ETH can push through this supply barrier, the next Fibonacci target lies around $2,746, aligning with the 0.5 retracement level from the weekly chart.
📈 Why ETH Is Rising
- Spot inflows are surging: June 26 recorded over $53 million in net inflows, one of the highest this month.
- Technical momentum is strong: ETH has regained the 20/50/100 EMA cluster on the 4-hour chart.
- Volatility indicators: Keltner and Bollinger Bands are expanding upward, indicating trend strength.
- Market structure shift: Ethereum has broken past prior resistance and reclaimed a previously lost trendline.
⚠️ Key Resistance: $2,500–$2,560
This red zone is the final short-term hurdle. If bulls can flip it into support with strong volume, it could signal a full trend resumption. However, failure here could lead to a retreat toward $2,420 or even $2,200 if buying pressure fades.
Shorter timeframes reveal potential bearish CHoCH zones near $2,560. Traders are advised to look for clear bullish confirmation before considering breakout trades.
📊 Conclusion
Ethereum’s technical structure has improved significantly, but a decision point looms between $2,500 and $2,560. If volume confirms, ETH could re-enter a broader uptrend targeting $2,746 and beyond.
This analysis does not constitute financial advice. Always do your own research before making investment decisions.
