Ethereum on Thin Ice: Bulls Need Breakout Above $2,567
The Ethereum price prediction is bullish for now, but bears are lurking in the wings. The cryptocurrency is currently trading near $2,500 after buyers defended its recent range's lower boundary around $2,380.
A sustained breakout above the $2,545 to $2,567 resistance band would be a crucial signal that demand can clear this key hurdle and propel Ethereum toward $2,750. However, the spot average order size data suggests normal-sized trades near $2,500, while the whale activity seen earlier in the recovery has faded.
A break below $2,358 would weaken the bullish setup and expose the broader support zone from $2,179 to $2,367 to renewed selling pressure. The Ethereum price prediction is also dependent on whether buyers can secure a daily close above $2,520 to $2,560, which would confirm renewed demand and support another impulsive advance.