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The Ethereum price prediction that Ethereum is currently trading within an ascending channel, shows signs of bullish momentum as resistance at the upper boundary is testing the strength of the ongoing trend.
Ethereum Prediction Data:
- Ethereum price now – $2650.35
- Ethereum market cap – $315.74 billion
- Ethereum circulating supply – 120.72 billion
- Ethereum total supply – 120.72 billion
- Ethereum Coinmarketcap ranking – #2
Getting in early on a crypto project can be incredibly rewarding, and Ethereum (ETH) is one of the most compelling examples of this. First tracked at an all-time low of just $0.4209 on October 21, 2015, ETH has since skyrocketed by over 623,000%, reaching a peak of $4,891.70 in November 2021. While current prices have ranged between $2,564 and $2,743 in the past 24 hours, ETH’s massive growth from its early days highlights the potential upside of recognizing game-changing technologies before they go mainstream.
ETH /USD Market
Key Levels:
Resistance levels: $3200, $3400, $3600
Support levels: $2200, $2000, $1800
ETH/USD is currently trading within a well-defined ascending channel, although recent price action shows hesitation near the upper boundary around the $2800 mark. Despite a strong recovery throughout May, Ethereum has struggled to break this resistance, which aligns closely with the upper channel trendline. The 9-day moving average is currently above the 21-day MA, signaling that short-term momentum remains bullish. However, with a daily close forming just beneath resistance and volume beginning to thin out, bulls may be losing steam. Key resistance remains at $3200, with further levels to watch at $3400 and $3600 if bullish pressure regains strength.
Ethereum Price Prediction: Can Bulls Maintain Control Above $2600?
The Ethereum market currently finds strong support around the $2550 zone, slightly above the 21-day moving average, which is acting as a dynamic support level. However, a breakdown below this could trigger a move toward $2400, with further downside risk to the $2200 area – the lower boundary of the ascending channel. This zone remains critical; any decisive close below it could invalidate the current bullish structure and shift sentiment more firmly to the downside. For now, if the price stays above $2550 and the 21-day MA holds, Ethereum retains a cautiously bullish outlook.
ETH Broke Out Again
Looking ahead, Ethereum (ETH) may need to break above the current resistance near $2800 with convincing volume to challenge the $3200 level. Failing to do so could result in a consolidation phase or minor pullback toward $2350 and $2200, where bulls previously defended. Moreover, a break and close above the channel’s upper boundary would signal a potential rally continuation. Therefore, any slide below the ascending channel and the $2200 support zone would open the door to $2000 and possibly $1800. Traders should watch for shifts in volume and moving average crossovers to confirm direction as market indecision lingers near this critical resistance.
ETH/BTC – Testing Key Resistance with Potential Breakout Setup
Ethereum against Bitcoin (ETH/BTC) is exhibiting a bullish structure after rebounding from the lower boundary of the descending channel that dominated the market through March and April. The pair has now flipped both the 9-day (2390 SAT) and 21-day (2410 SAT) moving averages into support, suggesting a positive shift in momentum. Currently trading around 2478 SAT, ETH/BTC is facing overhead resistance just beneath the 2900 SAT level, which coincides with the upper trendline of the descending channel. Meanwhile, a successful daily close above this level could signal a confirmed breakout and pave the way for extended gains, potentially targeting the next psychological levels near 3100–3200 SAT.
Nevertheless, the volume has remained relatively steady, but a spike would be a key confirming factor if the breakout is to be sustained. On the downside, if ETH/BTC fails to breach the 2600 SAT resistance, it could retreat to test support around 2100 SAT. This level has historically offered a solid buying zone, and a bounce here could maintain the pair’s bullish higher low structure. For now, the technicals favor bulls as long as the price remains above the moving averages and continues to post higher closes near the channel’s edge.
On that note, crypto analyst, @cryptogems555 shared with followers on X (formerly Twitter) that Ethereum is showing strong bullish momentum and appears poised for a significant breakout, potentially pushing the price beyond the $3,500 mark at any moment.
$ETH looks very bullish here. Massive breakout to +$3,500 any minute
— Crypto GEMs 📈🚀 (@cryptogems555) May 30, 2025
Alternatives to Ethereum
Ethereum is currently trading within an ascending channel, indicating bullish momentum, although price action near the upper boundary shows signs of hesitation. The short-term outlook remains cautiously optimistic, with the 9-day moving average staying above the 21-day MA. However, weakening volume and repeated resistance rejections suggest bulls may be losing steam. A breakout above the upper channel would confirm the bullish trend, while a drop below key support could signal a reversal—making volume and moving averages critical indicators to monitor. Notably, Ethereum can be purchased directly on the Best Wallet platform, which has already raised over $12.8 million in its presale. Best Wallet offers low-fee crypto purchases, secure storage, seamless cross-chain swaps, staking with high APYs, multi-wallet support, and an upcoming debit card with up to 8% cashback via Apple and Google Pay.
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