Ethereum price has remained stuck in a tight trading range as volatility continues to fade, leaving traders waiting for the next major move. While the slow price action has limited momentum, ETH’s ability to hold key support and the recent rise in network activity have kept hopes of a stronger recovery alive. Brave New Coin data shows Ethereum trading around $1,905, with the asset attempting to hold after recovering from its recent lows.
ETH’s Volatility Points Towards a Larger Move
Ethereum price has entered one of its tightest consolidation phases recently, with price moving sideways as volatility continues to decline. Daan Crypto Trades highlighted that ETH has rarely remained compressed for such an extended period without eventually seeing a stronger expansion.
The current range leaves ETH with a clear technical battle ahead. Holding the $1,800-$1,850 support zone keeps the recovery structure intact, while a breakout above $1,950-$2,000 could trigger the next move higher towards $2,300-$2,500. A loss of the current support area, however, would weaken the bullish setup and increase the chances of ETH revisiting lower levels around $1,700-$1,750.
Ethereum price continues consolidating inside a tight range as traders wait for a volatility expansion. Source: Daan Crypto Trades via X
Ethereum Network Growth Adds Strength to Recovery Setup
Ethereum’s on-chain activity has also improved during the recent consolidation phase. Famous on-chain analyst Ali Charts highlighted that new daily ETH addresses increased from around 121,210 on August 8 to 212,560, showing a sharp rise in network growth.
Historically, stronger network participation has supported longer-term demand trends, although ETH still needs technical confirmation before this translates into a sustained price recovery.
Ethereum network growth has accelerated as daily new addresses increased significantly. Source: Ali Charts via X
For now, the improving fundamentals provide support for the bullish case, but the next major catalyst remains a breakout above overhead resistance.
ETH Holds Key Support as Bulls Eye $2,500 Target
Castillo Trading highlighted ETH’s current structure as a favorable risk-to-reward setup, with price holding above a previous support area after reclaiming the range. The chart shows Ethereum price defending the $1,800-$1,850 region, with the next major upside challenge sitting near $2,000. A successful reclaim of this level would strengthen the structure and open a move towards $2,400-$2,500, where previous resistance could slow the recovery.
Ethereum is holding above key support while targeting a retest of previous range highs. Source: Castillo Trading via X
As long as ETH remains above the current demand zone, the recovery scenario remains valid. A breakdown below this area would shift attention back towards lower support levels.
Ethereum Price Prediction Targeting $12K
Famous crypto commentator Ted Pillows highlights a long-term bullish scenario in which Ethereum price could significantly outperform if it catches up with the expansion of the global M2 money supply. According to the chart, ETH’s current structure remains supported by a rising trendline, while a recovery towards previous highs could eventually pave the way for much higher valuations.
The analyst suggests that if Ethereum follows global liquidity growth, the asset could move above $12,000 in the long term. However, ETH still needs to reclaim key resistance areas first, with $2,500-$2,800 acting as an important zone before a larger trend continuation can develop.
Ethereum could see significant upside if ETH tracks global M2 growth and breaks above major resistance levels. Source: Ted Pillows via X
Ethereum Price Levels to Watch
Ethereum price is approaching a key decision point after weeks of sideways trading.
- Immediate support: $1,800-$1,850
- Major resistance: $1,950-$2,000
- First upside target: $2,300
- Higher recovery target: $2,500-$2,800
A breakout above resistance with stronger volume would confirm that buyers are regaining control. Until then, ETH remains inside a consolidation range where both continuation and rejection scenarios remain possible.
Final Thoughts: Ethereum’s Next Big Move Could Be Near
Ethereum is entering a crucial stage as price compression reaches extreme levels and traders wait for the next major breakout. With ETH holding the $1,800-$1,850 support zone and network activity improving, a reclaim of the $1,950-$2,000 resistance area could put the $2,500 recovery target back in focus.
Ethereum price is trading at around $1,882, down 0.14% in the last 24 hours. Source: Brave New Coin
However, Ethereum price still needs confirmation before a stronger trend develops. A rejection from resistance or a breakdown below key support could delay the recovery and push price back toward lower levels. The coming weeks will likely decide whether Ethereum is preparing for a larger upside move or another period of consolidation.
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