Ethereum price is currently trading near the $2,300 region, holding steady after a volatile intraday move. According to Brave New Coin data, ETH remains slightly down on the day, but price is still maintaining structure above recent local lows. What’s interesting right now is the confluence of technical resistance and improving fundamentals.
Ethereum was trading at around $2.329, down 1.39% in the last 24 hours at press time. Source: Brave New Coin
ETH Price Structure Tightens Below Key Resistance
On the daily chart, Ethereum price is now pressing into a clear resistance band around the $2,350–$2,400 region. This level aligns with the upper boundary of an ascending triangle, as highlighted in recent chart observations by Ali Martinez. At the same time, the TD Sequential is flashing a potential sell signal in this area, suggesting short-term exhaustion could precede any breakout attempt.
Ethereum tests $2,350–$2,400 resistance as TD Sequential hints at exhaustion. Source: Ali Martinez via X
As highlighted in the recent chart, ETH price is currently testing the upper boundary of an ascending triangle while also interacting with the 100-day simple moving average, a level that previously marked local tops. Ted Pillows noted that Ethereum faced rejection around this same region in late 2025 and early 2026, reinforcing its importance.
ETH tests ascending triangle resistance near the 100-day SMA, a level that previously triggered rejections. Source: Ted Pillows via X
Market participants are closely watching this structure, as “price continues to compress below resistance, building pressure for a potential breakout,” a setup often associated with expansion phases once liquidity is cleared.
From a structural standpoint, holding above the rising trendline support keeps the bullish framework intact. A confirmed breakout above $2,400 would likely open the path towards the $2,600 region, which aligns with prior supply zones and short-term Ethereum price prediction targets.
Trendline Breakout Attempt Signals Early Momentum Shift
Ethereum is now attempting to break out of a descending channel, with price pushing above the upper trendline after holding a key demand zone near $2,000–$2,100.
The recent move shows Ethereum price forming higher lows while reclaiming short-term resistance around $2,200, which is an early sign that sellers are losing control. As seen in the chart shared by Lucky, this breakout is happening right above a well-defined support block, where previous downside moves were consistently absorbed.
ETH attempts a descending channel breakout after holding $2,000–$2,100 demand, with $2,400–$2,600 as the next key test. Source: Lucky via X
If this breakout holds, the next key area to watch sits around $2,400–$2,600, aligning with prior rejection zones and the projected path of a broader trend reversal. However, if price fails to sustain above the trendline and loses the $2,200 region again, it could slip back towards the $2,000 demand zone and remain stuck within the larger structure.
Repeated Fractal Hinting at Imminent Expansion
Ethereum’s structure right now is following a repeating cycle. Price has been moving in clear accumulation blocks, each lasting roughly 55–60 days, followed by strong directional moves. This pattern has already played out multiple times across the chart, and the current range near $2,000–$2,200 is shaping up as another similar phase.
ETH repeats a 55–60 day accumulation cycle near $2,000–$2,200, hinting at a potential breakout towards $2,400–$2,600. Source: Jesse Peralta via X
As highlighted in the chart shared by Jesse Peralta, ETH is once again nearing the end of this accumulation window. Previous cycles from similar zones have led to impulsive upside moves, suggesting that the market may be preparing for another expansion phase. If this pattern holds, a breakout above the $2,400–$2,600 region would confirm the next leg higher.
On-Chain Growth Shows Real Demand Behind the Move
Ethereum’s network activity is picking up in a big way. The network has now crossed 200 million transactions in a single quarter, which shows that more people are actually using Ethereum, not just trading it. This kind of growth usually points to real demand building in the background.
Ethereum crosses 200M quarterly transactions. Source: Jesse Peralta via X
What’s interesting is that this is happening while the price is still stuck below resistance. When activity increases, but price doesn’t move much, it often means accumulation is happening quietly.
In simple terms, usage is going up, but price hasn’t caught up yet. If this continues, it usually ends with the price reacting later on.
Outlook: $2,400 Breakout Remains Key for Ethereum Price Prediction
Looking ahead, Ethereum’s trajectory largely depends on how the price reacts around the $2,350–$2,400 resistance zone. A successful breakout above this level would confirm the current compression structure and likely trigger a move towards $2,600 and higher resistance levels. Such a move would also validate the ongoing shift in market structure from bearish to bullish.
On the downside, failure to reclaim this region could result in another pullback towards the $2,200–$2,100 support zone, where buyers would need to step in again to maintain the developing structure.
For now, price remains in a consolidation phase, one that is gradually building pressure, with both technical patterns and network growth suggesting that a larger move may be approaching once resistance is breached.
