Ethereum (ETH) has bounced back from recent lows below $2,250, with the price currently hovering around $2,445. While this recovery has restored short-term confidence, ETH is now approaching a significant resistance zone between $2,465 and $2,505—levels that previously triggered sell pressure.
Ethereum’s price teeters at a critical juncture, with a rising wedge signaling potential volatility ahead. Will ETH break through resistance at $2,505 or retreat to test key supports
With the broader crypto market showing signs of stabilization, Ethereum’s current position is critical. The asset is consolidating near a key short-term trendline, and momentum indicators suggest a potential pause in bullish activity.
Technical Setup: A Rising Wedge and Converging EMAs
On lower timeframes, Ethereum is forming a rising wedge pattern—a structure that often precedes a breakout or breakdown. On the 4-hour chart, ETH is trading above the 100 and 200 exponential moving averages (EMAs), currently at $2,421.02 and $2,385.10, respectively. These converging EMAs are creating a notable support cluster that buyers must defend to sustain the rally.
Meanwhile, the 30-minute chart shows narrowing Bollinger Bands, reflecting reduced volatility. ETH is trading in a tight range between $2,438 and $2,457. Parabolic SAR dots remain below the price, signaling continued short-term upside potential. However, recent candlesticks exhibit small bodies, indicating indecision and a possible slowdown in momentum.
Key Levels To Watch
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Support: $2,421 (EMA100) and $2,385 (EMA200)
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Immediate Resistance: $2,465–$2,505
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Breakout Target (if bullish momentum returns): $2,550+
If bulls fail to push past the $2,505 mark, a pullback to retest the EMA support levels remains likely. Conversely, a clean breakout above $2,505 could open the door for a continuation toward $2,550 and beyond.
As Ethereum enters a tightening technical squeeze, traders should prepare for volatility. A decisive move in either direction could set the tone for ETH’s short-term trajectory.
