Ethereum Bulls Charge: Can ETH Shatter Resistance and Reclaim Dominance?

Ethereum’s price action hints at a breakout—traders are watching to see if the bulls can wrest back control from the bears. After weeks of sideways movement, ETH teeters on the edge of a decisive move.

Key levels in play: A sustained push above resistance could trigger a cascade of buy orders, while failure might send traders scrambling for exits. The smart money’s betting on volatility—whether that means euphoria or despair depends on who’s holding the bag.

Meanwhile, Wall Street ’experts’ still can’t decide if crypto’s a revolution or a Ponzi scheme. Some things never change.

Ethereum Price Faces Resistance

Ethereum price started a decent recovery wave from the $2,470 zone, beating Bitcoin. ETH price was able to climb above the $2,500 and $2,540 resistance levels.

The price cleared the 50% Fib retracement level of the downward MOVE from the $2,788 swing high to the $2,470 low. However, the bears seem to be active below the $2,660 resistance zone. The price is again moving lower below the $2,600 level.

There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH/USD. ethereum price is now trading above $2,540 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,660 level. It is near the 61.8% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low.

A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone or even $2,880 in the near term.

More Losses In ETH?

If ethereum fails to clear the $2,660 resistance, it could start a fresh decline. Initial support on the downside is near the $2,545 level. The first major support sits near the $2,500 zone.

A clear move below the $2,500 support might push the price toward the $2,470 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now near the 50 zone.

Major Support Level – $2,545

Major Resistance Level – $2,660