Ethereum (ETH) Price Prediction: Bullish Pressure Builds With $2,400–$2,600 Targets if Resistance Breaks

Ethereum is currently trading near the $2,130–$2,140 region, holding steady after a recent recovery push. According to Brave New Coin data, ETH has gained short-term strength, but the price is now approaching a key decision zone. Structurally, ETH has been compressing within a broader range, with resistance sitting around $2,150–$2,200 and support building near $2,000–$2,050.

Ethereum was trading at around $2,107, down 1.23% in the last 24 hours at press time. Source: Ethereum price via Brave New Coin

ETH Structure: Compression Near Resistance With Breakout Potential

From a technical standpoint, Ethereum price is pressing against a descending resistance trendline, as highlighted by Gordon, while also maintaining higher lows. A breakout is being pushed, but confirming it above $2,150–$2,200 would shift short-term momentum bullish and open the path towards the $2,300–$2,400 region.

Ethereum tests a key descending resistance while holding higher lows, with a breakout above $2,200 opening upside towards $2,400. Source: Gordon via X

However, rejection from this zone would keep ETH price within its broader range. On the downside, the $2,000–$2,050 region remains key support. Losing this level would expose ETH to a deeper pullback towards $1,850, where previous demand has been seen. For now, price remains in a critical area where both breakout and rejection scenarios are still in play.

Derivatives Data Supports Bullish Pressure

Additional confirmation comes from derivatives positioning. Recent data from CW8900 shows an increase in net long positions, along with rising open interest, indicating that traders are beginning to lean bullish. This buildup in positioning typically precedes volatility, especially when aligned with key technical levels.

Rising longs and open interest signal building bullish pressure, with volatility likely on breakout or rejection. Source: CW8900 via X

If price breaks above resistance while long positioning continues to rise, it could trigger a stronger impulsive move. However, if the breakout fails, this positioning could unwind quickly, leading to sharp downside volatility as well.

Higher Timeframe Support Remains Intact

From a higher timeframe perspective, ETH continues to hold within a broader range structure. As noted by Ali Charts, key support levels sit much lower around $1,551 and $1,070, reinforcing that the long-term structure remains intact despite short-term fluctuations.

Ethereum holds key higher timeframe supports near $1,551 and $1,070, keeping the broader structure intact despite short-term volatility. Source: Ali Charts via X

Additionally, the monthly chart shared by Lennaert Snyder highlights ETH testing a major demand zone, which historically acts as a base for larger expansions. If this zone continues to hold, it increases the probability of a longer-term recovery phase developing towards $3,000, followed by $3,750 and potentially higher.

Ethereum is testing a major monthly demand zone. Source: Lennaert Snyder via X

CME Gaps and Liquidity Zones in Focus

Market structure continues to highlight clear liquidity targets on the upside, with CME gap analysis shared by CW8900 pointing towards unfilled inefficiencies above current price. The chart shows a major gap region sitting around the $2,450–$2,600 zone, while a higher gap remains near the $3,200 level. These areas often act as magnets for price, especially when momentum begins to build.

Ethereum eyes CME gap targets at $2,450–$2,600 and $3,200. Source: CW8900 via X

At the same time, Ethereum is currently holding near the $2,050–$2,100 region, just below a key resistance band around $2,300–$2,400. If price manages to reclaim this zone, it could open the path towards filling the lower CME gap first, followed by a potential extension towards the higher $3,200 liquidity target. However, failure to build strength here could keep ETH ranging or delay any immediate move towards these inefficiency zones.

Final Thoughts

Ethereum is approaching a critical inflection point where multiple signals are aligning. The combination of increasing long positioning and a tightening technical structure suggests that a larger move may be close.

From an Ethereum price prediction perspective, the bias remains neutral to slightly bullish while ETH holds above $2,000. A confirmed breakout above $2,150–$2,200 could open the path towards $2,300 and beyond, while rejection would likely keep price range-bound or push it back towards lower support levels.