Ethereum
Long

Ethereum – Calm Before the Next Leg Up?

2 660
Ethereum had a disappointing start in 2025.

After pushing above $4,000 in mid-December 2024 — with headlines full of "$10K ETH coming!" — the new year began around $3,500, and what followed was a slow bleed.

By early April, Ethereum printed a shocking low at $1,380 — a level few believed was even possible.

But the bounce from there? ⚡

It was explosive — nearly +100% in just one month, with price topping around $2,700.

Since then, we’ve been consolidating — and that’s completely normal after such a vertical move.

🔍 So, what’s next?

Technically, ETH is forming a rectangle, a structure that often resolves as a continuation pattern.

The spike down to the $2,300 zone on May 19th was telling — buyers stepped in aggressively and pushed price back above $2,500, which now acts as a comfort zone for bulls.

📌 Conclusion
I’m looking to buy dips, ideally near $2,550, and my target is the $3,500 zone.

No need to reconsider the bullish outlook as long as price holds above $2,300.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.