Ethereum Price Rallies to 2-week High Above $2.8K, What's Next?
Ethereum Price Forecast: $2,817 Barrier Holds Strong
Ethereum (ETH) gained 1% on Monday, extending its weekly rise to 3%. Despite this, its price is down 19% this month, with a market cap of $324.63 billion. Can it break $3,000?
Ethereum Price Analysis: Key Resistance & Support Levels
Ethereum has retested the $2,800–$2,900 resistance zone six times in the past two weeks. If ETH breaks and establishes $2,817 as support, it could move toward the upper boundary of the descending channel. A breakout from this pattern could send ETH toward $4,100, a crucial resistance level from the past year.
On the downside, if ETH faces rejection, it may continue consolidating between $2,500 and $2,850. A strong daily close below $2,200 would invalidate the bullish thesis and open doors for further declines.
Key Levels to Watch
Resistance: $2,800–$2,900, $4,100
Support: $2,500, $2,550, $2,200
Read ETH Price Prediction for more detailed insights
Market Sentiment & Liquidation Data
Ethereum witnessed $61.8 million in futures liquidations over the past 24 hours, with $23.4 million in longs and $38.4 million in shorts liquidated, according to Coinglass data. Despite these movements, derivatives traders are not overly bullish, as funding rates remain neutral.
Technical indicators show mixed signals:
RSI is testing neutral levels
Stochastic Oscillator & MACD indicate a slow rise in bullish momentum
No signs of extreme excitement from traders yet
Also Read: Chiliz Price Prediction 2025, 2026 - 2030
Ethereum’s Future: How Upgrades Could Impact ETH Price
Ethereum’s upcoming ‘Pectra’ upgrade could be a major catalyst for price growth. Key improvements include:
Doubling blob capacity for rollups (cheaper & faster Layer-2 transactions)
Gasless transactions, where fees can be covered by third parties
Batching transactions to simplify token swaps
These upgrades could boost Ethereum’s adoption, which historically has been positive for ETH’s price. However, the debate over base layer fees and staking rewards needs resolution for long-term growth.
Ethereum Price Prediction 2025 & 2030
If Ethereum successfully scales and improves staking rewards, ETH could challenge its all-time high of $4,878 and move higher.
Ethereum Price Predictions
🔹 2025: $5,000 – $7,000 (if adoption & staking rewards improve)
🔹 2030: $10,000+ (if Ethereum dominates smart contract ecosystems)
For now, ETH must break $3,000 to trigger a stronger uptrend. Until then, the market remains cautious, watching key resistance levels.