Ethereum Price Prediction: What’s Next for ETH After Massive Rally From $1.9K to $2.5K?

Ethereum is consolidating after a sharp breakout from the $1.9K area, with ETH currently trading below $2.5K. The technical structure has improved considerably, while the continued decline in exchange reserves provides a supportive backdrop.

However, ETH’s $2.5K resistance zone is a meaningful one, and a breakout or rejection from this level is key to determining whether the recovery can extend or the recent price surge was just a bull trap.

Ethereum Price Analysis: The Daily Chart The daily chart shows a significant structural improvement over the past several weeks.

ETH broke above the descending channel that had contained the price throughout the past few months, subsequently reclaiming the $1.9K region and then accelerating sharply higher.