Ethereum (ETH) Price Targets $2,500 as Bears Lose Control

Ethereum (ETH) is showing bullish strength after failing to break below key support levels, indicating that selling pressure is weakening.

This type of price action often leads to upward momentum, as buyers regain control.

If Ethereum’s price continues to hold support and break resistance, the next target is around $2,500.

Ethereum Strength Slowly Builds

ETH regained traction after weeks of choppy price action. Price advanced steadily toward the $2,200 resistance zone, signaling renewed buyer interest. Even so, the broader structure remained range-bound.

At the time of analysis, ETH traded near $2,154 after recovering from recent lows around $2,000.

This rebound followed a series of higher lows, indicating that buyers had started to take control of short-term direction.

However, ETH’s price remained capped beneath a clearly defined resistance band.

On the 4-hour chart, momentum indicators aligned with this shift. The Bull Bear Power (BBP) histogram flipped firmly positive, reflecting growing buying pressure.

Meanwhile, the Relative Strength Index (RSI) climbed above 70, signaling strong momentum but also approaching overbought conditions.

This combination suggested continued near-term growth. However, it also indicated that a temporary pullback will likely occur if buyers become exhausted near resistance.

Derivatives Data Confirms Bullish Shift

In the derivatives market, Ethereum showed clear signs of renewed activity. Open Interest (OI) increased by 11%, indicating that traders were actively entering new positions.

At the same time, funding rates turned positive to 0.0014%, confirming that long positions had begun to dominate. This shift reflected improving market confidence.

However, leverage remained relatively controlled. The modest funding rate suggested that positioning was not yet overcrowded, reducing the immediate risk of large-scale liquidations.

Meanwhile, the rise in open interest pointed to fresh capital entering the market rather than existing positions closing.

If this trend continues alongside price strength, it will likely support further upside. For now, the data reflected cautious but growing bullish sentiment.

ETH Price Setup Shows Early Recovery

Ethereum’s price attempted a steady recovery after a sharp decline that pushed it toward the $1,700 support zone.

From there, ETH rebounded toward $2,150, showing early signs of strength.

Despite this recovery, the broader structure still reflected a lingering downtrend.

Price remained below key Fibonacci resistance levels, particularly the 0.236 level near $2,495. This area stood as the first major barrier for bulls.

Even so, short-term sentiment improved. Buyers stepped in consistently, preventing further downside and stabilizing price action.

Momentum indicators reinforced this gradual shift. The Money Flow Index (MFI) trended upward toward the 60 level, signaling improving capital inflows.

At the same time, the Awesome Oscillator (AO) recovered from deeply negative territory, with shrinking red bars indicating weakening bearish momentum.

Still, conviction remained limited. The recovery lacked strong follow-through, and overhead resistance continued to weigh on price.

Ethereum approached a critical decision point.

If buyers maintain pressure and push ETH’s price above the $2,200 resistance zone, ETH will likely move toward $2,400 and then test the $2,500 region.

However, if resistance holds, the rally will likely stall. In that case, price will pull back toward the $2,000 support zone, with deeper downside possible if momentum weakens further.

For now, Ethereum showed constructive recovery signals.

However, confirmation remained essential. The next move (either a breakout or a rejection) will determine whether ETH transitions into a sustained uptrend or continues trading within its broader range.

About the Author

Victor Olanrewaju

Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.

With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.

He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.

In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.

At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.

He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.

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