ETH is approaching the 0.5 Fibonacci retracement level at $2,747, which serves as the next major resistance. Before this, immediate resistance lies at $2,500, which is both a psychological barrier and a local high. A successful breach of this level could lead ETH toward:
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$2,565 – historical supply zone and Fib pivot
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$2,650 – $2,720 – layered resistance aligned with the golden pocket (61.8% – 78.6% retracement zone)
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$2,813 – confluence of prior highs and the 50% Fib level
ETH is also comfortably trading above all the EMAs, which are stacked in bullish alignment, a strong indication of sustained trend strength.
Currently, the RSI is hovering around 50.92, indicating that ETH is in neutral territory, with ample room to extend higher without facing overbought pressure. It also confirms that price action has reset from previous overextensions.
An increase in daily volume has accompanied the recent upswing. Sustained volume above $2,500 would confirm bullish conviction.
Also Read: Ethereum Price Prediction for 2025: Technical Structure, Whale Accumulation, and Market Outlook