Ethereum Retests $2,450 Resistance Level
- Price Rebound: Ethereum (ETH) climbed 3.6% on Wednesday, reaching $2,450, extending a 15% rebound from April's lows and marking the first time in three months that it has held the upper half of the $1,800 to $2,450 range, indicating market recovery potential.
- Resistance Analysis: Analyst Crypto Rand noted that if ETH consolidates above $2,450, it could trigger a significant bullish reversal, while Daan Crypto Trades highlighted that the weekly 200-day moving average also sits at this level, underscoring its importance as a resistance point.
- Market Divergence: Despite some analysts being optimistic about ETH's prospects, trader Ted Pillows warned that stagnant spot demand raises the risk of a liquidity grab similar to the January rejection near $3,400, reflecting market uncertainty.
- Indicator Shift: Analyst Ali Martinez pointed out that ETH's SuperTrend indicator has flipped bullish for the first time since the first half of 2025, suggesting that if buyers clear $2,385, it could pave the way for a target of $2,900, indicating potential upside opportunities.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1951.477 | 2057.014 | 2171.457 | 2276.994 | 2391.437 | 2496.974 | 2611.417 |
| Fibonacci | 2057.014 | 2141.046 | 2192.961 | 2276.994 | 2361.026 | 2412.941 | 2496.974 |
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