Ethereum Stuck in a Tight Range—What’s Next?
Ethereum’s price has been bouncing between $2,400 and $2,800 for weeks now, neither breaking out nor collapsing. It’s one of those frustrating phases where neither bulls nor bears seem to have full control. As of today, the price is hovering around $2,498, but that doesn’t tell the whole story.
The last few weeks have been a tug-of-war. On June 13, the bears managed to push ETH below the 21-day moving average, but the bulls stepped in quickly, buying up the dip and sending the price back up. It’s almost like watching a tennis match—back and forth, with no clear winner yet.
Bulls Holding the Line at $2,400
One thing’s for sure: buyers aren’t letting Ethereum fall below $2,400 without a fight. Every time the price dips close to that level, it bounces back. That’s a good sign if you’re hoping for an uptrend. But here’s the catch—getting past the 21-day moving average has been tough.
If ETH can break above that barrier, we might see a run toward $2,800. And if momentum really picks up, $3,000 isn’t out of the question. But right now, it’s stuck in this tight range, and until something changes, sideways movement seems likely.
What the Indicators Suggest
Looking at the charts, it’s clear Ethereum has been trapped in a sideways trend since late May. The moving averages are flat, which usually means no strong trend in either direction. On the 4-hour chart, ETH has been bouncing between support and resistance like a pinball.
The key levels to watch? On the upside, $2,800 is the first real test. If that breaks, things could get interesting. On the downside, $2,000 and $1,500 are major support zones—though we’re nowhere near those yet.
Where Does Ethereum Go From Here?
Honestly, it’s hard to say. The bulls have been defending $2,400 well, but they’re struggling to push higher. Until ETH clears the 21-day moving average consistently, it’s stuck in this range.
Some traders might see this as a buying opportunity, betting on a breakout. Others might wait for clearer signals. Either way, it’s a waiting game.
*Just a reminder—this isn’t financial advice. Markets are unpredictable, and everyone should do their own research before making any moves.*
