Ethereum price has quietly worked its way back into an important part of the chart after a strong recovery from recent lows. The price is now holding around $2,460, while traders watch whether ETH can stay above the $2,400 region and build enough momentum to challenge the heavy resistance sitting between $2,550 and $2,650. Ethereum price is trading near $2,460 after losing around 0.80% over the past 24 hours, according to Brave New Coin data.
Ethereum Price Prediction Targeting $2,823
Crypto analyst Donald Dean highlights an important change in Ethereum’s daily structure, with former resistance now beginning to act as support. Ethereum price has broken above the descending trendline from the previous decline and is holding around a major volume area near $2,400-$2,450.
As long as this region remains defended, the breakout keeps $2,600 and then $2,823 in focus. A move back below $2,400 would weaken the immediate setup and increase the risk of another test of the lower volume shelf around $2,300-$2,350.
ETH Faces Resistance at $2,550-$2,600 Sell Wall
On-chain order data shared by CW8900 shows whales placing notable sell walls at $2,550 and $2,600, creating a clear supply cluster just above the current price. At the same time, a sizeable buy wall is visible around $2,400, reinforcing the same level identified as technical support.
This leaves ETH trading between strong demand below and concentrated supply overhead. Clearing $2,550 would be the first sign that buyers are absorbing the sell wall, while acceptance above $2,600 could open Ethereum price prediction towards $2,700 and eventually $2,823.
Weekly Structure Strengthens Ethereum’s Recovery
The weekly chart shows Ethereum price reclaiming the $2,300-$2,400 region after recovering from the $1,500-$1,600 bottom area. Rand Group highlights this higher-timeframe recovery as an important development because the same region previously acted as major support and resistance across several market cycles.
A weekly close above roughly $2,400 would strengthen the recovery and keep the next higher-timeframe levels around $2,800 and $3,400 in play. The chart also suggests that holding this reclaimed region into the monthly close would provide stronger confirmation that ETH is moving into a broader recovery phase.
ETH Faces Important Retest Before $2,650
Ethereum price is still trading below the next major resistance around $2,630-$2,650, but the chart first points to a possible retest of the $2,420 area. That level has acted as short-term support and could be revisited before buyers attempt another push higher.
If ETH holds $2,420 and rebounds, the structure would remain constructive, with $2,630-$2,650 becoming the next key resistance to clear. An hourly or 4-hour close above that zone would strengthen momentum and open the next leg towards $2,700.
$2,823 Emerges as the Next Major ETH Price Target
Ethereum’s recovery remains constructive while price holds above the reclaimed $2,400-$2,450 region. The immediate hurdle sits around $2,550-$2,600, where large sell orders continue to create overhead supply. A decisive move through this zone would strengthen momentum and bring $2,700 into focus.
Looking Forward: Key Ethereum Price Levels to Watch
Ethereum price now has a fairly clear technical range to work with. The $2,400-$2,450 area remains the main support bulls need to defend, while $2,550-$2,600 and $2,630-$2,650 form the immediate resistance cluster above price.
- Bullish View: A clean break above $2,650 would strengthen the recovery and put $2,700 and $2,823 in focus, with $3,000-$3,400 becoming the broader upside zone if momentum continues.
- Bearish View: A loss of $2,400 would weaken the current structure and increase the risk of a pullback towards $2,300-$2,350, with deeper downside possible if buyers fail to defend that area.
For now, Ethereum price remains in a positive position, but the next decisive move will likely come from either a confirmed breakout above $2,650 or a loss of the $2,400 support zone.
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