Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is at a pivotal juncture as traders closely monitor key support and resistance levels. The asset has managed to hold above the $2,100 mark, but the crucial resistance at $2,460 remains a significant barrier that must be overcome for a bullish breakout.
Ethereum Defends Key Support at $2,100 Amid Market Volatility
Despite recent price fluctuations, Ethereum has consistently defended the $2,000 to $2,100 range, demonstrating strong buying interest at these levels. Analysts suggest that as long as ETH remains above this critical support zone, the possibility of a rebound remains high.
Crypto trader @DaanCrypto highlighted on X (formerly Twitter) that ETH has formed a higher low on lower timeframes, signaling early signs of recovery. The analyst pointed out that breaking through the $2,300 mark is a key milestone in regaining upward momentum.
A look at Ethereum’s daily trading chart indicates that while the asset is struggling to establish a strong upward trajectory, buyers are actively protecting this critical support zone, preventing further downside movements.
$2,460 Resistance Holds 10.95 Million Investors in Limbo
Ethereum faces a formidable challenge at the $2,460 resistance level, where on-chain data reveals that approximately 10.95 million investors are holding a collective 64.52 million ETH. This zone represents a significant selling pressure point, as many traders could look to exit their positions once the price approaches this threshold.
Breaking above this resistance could trigger a surge in bullish sentiment, pushing ETH toward higher levels. If Ethereum manages to surpass this psychological barrier, traders anticipate a stronger price movement toward new highs.
Crypto analyst Ali also emphasized that ETH must maintain a position above $2,200 to sustain a positive outlook. The TD Sequential indicator on the weekly chart has flashed a buy signal, further suggesting that a rebound could be on the horizon.
Ethereum Price and Market Data: A Snapshot
At the time of writing, Ethereum is trading at $2,175, reflecting a 2% increase in the last 24 hours. However, market data also shows a significant decline in trading activity, with ETH’s 24-hour volume standing at $9.68 billion, a sharp drop of 44.63% in just one day.
Ethereum currently has a market capitalization of $265.39 billion, with a circulating supply of approximately 120 million ETH. The decline in trading activity suggests that investors are awaiting a decisive move before re-entering the market in full force.
Institutional Investors Show Renewed Interest in Ethereum
Despite the recent slowdown, institutional investors appear to be accumulating ETH, signaling long-term confidence in the asset. According to on-chain analytics from CryptoQuant, ETH inflows into accumulation addresses have reached multi-year highs. This trend is reminiscent of previous accumulation phases that preceded major price surges.
The increasing interest from institutional players indicates a potential for significant price appreciation, particularly as Ethereum’s network upgrades and adoption continue to grow. Some analysts have set ambitious price targets, predicting that ETH could reach $9,000 by the end of the year, based on historical price trends and broader market developments.
Ethereum’s Next Move: Key Resistance Levels to Watch
Ethereum’s immediate price action will largely depend on whether it can break through the critical $2,460 resistance. A successful move past this level would validate bullish sentiment and set the stage for a potential rally toward $3,000 and beyond.
Conversely, if ETH fails to sustain above the $2,100 support zone, further downside movement could be on the horizon. Market sentiment remains cautious, with traders closely watching for confirmation of a bullish reversal.
Final Thoughts: A Crucial Moment for Ethereum
As Ethereum hovers near these pivotal levels, the coming days will be crucial in determining its next major move. Traders and investors alike are keenly observing whether ETH can reclaim bullish momentum and surge toward new highs. With institutional accumulation on the rise and key technical indicators flashing buy signals, Ethereum remains a closely watched asset in the evolving cryptocurrency landscape.
Whether ETH can break past the $2,460 resistance or face further consolidation remains to be seen. However, one thing is certain: the next move for Ethereum could define its trajectory for the rest of 2025.
