Price Analysis

Ethereum Price Analysis: Will Market Recovery Push $ETH Price Beyond $2140?

Ethereum Price Analysis: The ETH price breakout above $1966 sets a potential breakout above $2000
Published by
Ethereum Price Analysis: Will Market Recovery Push $ETH Price Beyond $2140? 

Ethereum Price Analysis: The crypto market gets back on the recovery track as the 4th largest cryptocurrency- XRP witnessed massive growth after its partial win in its legal battle against U.S. SEC. As a result, the Ethereum price also received some info and registered 7% growth on July 13th. The recent price jump breached the weekly barrier of $1966, indicating the potential for further growth.

Also Read: Bitcoin Price Pushes Past $31k as US Judge Rules XRP Not A Security – Rally to $38k Impending?

Advertisement

Ethereum Price Daily Chart

  • The ETH price sustainability above $1966 will set the buyers to surpass $2000
  • Ethereum Fear and Greed Index at 64% indicates positive sentiment for a bullish rally
  • The intraday trading volume in Ether is $134 Billion, indicating a 134% gain.

Source- Tradingview

The Ethereum price was underperforming since the beginning of July, as its market value plunged from $1966 to $1827 in the first two weeks. However, with a sudden boost in market sentiment, the buyers broke the chain of uncertainty and breached the $1966 barrier, and hit the $2000 mark.

With an intraday loss of 0.87%, the coin price reverted from the $2000 psychological barrier and is poised to retest the $1966 level as potential support. If the coin price manages to sustain the flipped support it would indicate the recent price surge is not just a ripple effect of XRP rise.

The $1966 support should bolster buyers to break the $2000 barrier and rechallenge the $2140 barrier. A possible breakout above the last swing high resistance will hints the continuation of bullish recovery.

[converter id=”eth-ethereum” url=”https://coingape.com/price/converter/eth-to-usd/?amount=1″]

Advertisement

What if Ethereum Breaks $2140 Resistance?

The ongoing recovery in the Ethereum price indicates the buyers are following the bull cycle within a rising channel pattern. Under the influence of this pattern, the asset price rose by resonating between two ascending trendlines. Therefore, the altcoin is set to revisit the upper trendline and could reach near $2386.

  • Fibonacci Extension Tool: Concerning the recent correction, the $2386 level aligned with the 1.618 FIB extension tool indicates a suitable target.
  • Relative Strength Index: The daily RSI slope above the 60% project the ETH price regains bullish momentum.
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

Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms

Ethereum price rose for five consecutive days, reaching its highest level since Oct. 13. This…

October 27, 2025
  • Price Analysis

Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?

Dogecoin price has surged past $0.20, showing signs of a bullish recovery amid a slight…

October 27, 2025
  • Price Analysis

Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?

The Pi coin price has surged by over 24% in the past 24 hours. This…

October 27, 2025
  • Price Analysis

Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?

The Bitcoin price has been recovering steadily amid renewed optimism surrounding the upcoming Trump–Xi meeting…

October 27, 2025
  • 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