Price Analysis

Ethereum Price Analysis: $ETH Price Coiling Before a Robust Move; is $2000 Next Target?

Ethereum Price Analysis: ETH price needs range breakout to kickstart a directional rally.
Published by
Ethereum Price Analysis: $ETH Price Coiling Before a Robust Move; is $2000 Next Target?

Ethereum Price Analysis: The ongoing recovery rally in Ethereum price hits a major roadblock at $1926. In the last four days, the coin price showcased three failed attempts to surpass this barrier, indicating the sellers are actively defending this level. However, the buyers have not thrown towels yet and limited the downward projection to $1867. The two horizontal levels have created a range that could influence the near future price of the ETH coin.

Also Read: Buy Ethereum on eToro, Or DCA Into Tradecurve?

Advertisement

Ethereum Price Daily Chart

  • The range formation between the $1926 and $1867 levels can be considered as no-trading zone
  • Ethereum fear and greed index at 59% reflects a positive sentiment in the market 
  • The intraday trading volume in Ether is $884.5 Million, indicating a 18.7% gain.

Source- Tradingview

In the 4-hour time frame chart, the Ethereum price showed a narrow range formation between $1926 and $1867 levels. The coin price has retested both the aforementioned levels at least thrice indicating an uncertain sentiment among traders. 

However, despite the overhead supply, the buyers prevented a breakdown below the $1867 price level indicating the overall market trend is still optimistic. Thus, the ETH price is more likely to break overhead resistance to resume prevailing recovery.

A breakout above $1926 would replenish the bullish momentum and surge the price to immediate resistance of $2020.

Advertisement

Will Ethereum Price Fall Back to $1800?

The current consolidation in Ethereum price must be triggered by selling pressure generated from profit booking more short-term traders and the overall uptrend sentiment. Therefore, to avoid getting trapped in this chaos the new traders must wait for a breakout beyond this range to determine potential price movement. A possible breakdown below $1867 could plunge the price back to a recently breached trendline of $1800.

  • Relative Strength Index: A falling RSI slope of a 4-hour chart reflect the increasing supply zone and potential breakout of $1867
  • Exponential Moving Average: A bullish crossover between the 100 and 200 EMAs near the $1800 support would increase the support strength of this level.
Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim…

October 25, 2025
  • Price Analysis

Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates

Bitcoin price is hovering around $111,742, reflecting a 0.5% gain in the last 24 hours.…

October 25, 2025
  • Price Analysis

PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?

Pepe coin price has remained under pressure despite renewed signals of investor repositioning in the…

October 25, 2025
  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025