The Ethereum coin is currently trading around $2,427.5, stuck in a tight range between key support at $2,400 and the 200 EMA resistance at $2,466.1. The 4-hour chart reveals a clear battle zone, with multiple tests of the $2,400 area highlighted by green arrows—signaling strong historical buying pressure.
ETH/USD 4-hours chart - TradingView
However, the price is failing to reclaim the $2,535 resistance zone, suggesting that upside momentum is limited unless bulls step in with force.
Support:
Resistance:
Bullish Scenario:
If ETH breaks above the 200 EMA and holds above $2,466, a move toward $2,535 becomes likely. A daily close above $2,535 would open the door to $2,732.
✅ Long Entry: Above $2,470
🎯 Target: $2,535 → $2,732
🛑 Stop Loss: Below $2,400
Bearish Scenario:
If $Ethereum fails to hold $2,400, a decline toward $2,200 is likely.
🔻 Short Entry: Below $2,390
🎯 Target: $2,200
🛑 Stop Loss: Above $2,470
Neutral Zone:
$ETH is currently ranging between $2,400 – $2,466. Traders should wait for a decisive breakout before entering large positions.