Ethereum Price Prediction: Will ETH Break $2,200?

Ethereum (ETH) price showed early signs of recovery after rebounding from recent lows near $1,550. Investors are closely watching if ETH can break and hold above $2,200 to confirm a stronger bullish trend and sustain a rally.

Ethereum Finds Support and Breaks Key Resistance

When writing, Ethereum price was currently trading around $1,801.37 after a sharp rebound from the $1,550–$1,670 zone. This price area has acted as a strong support, where ETH bounced multiple times, indicating firm buying interest.

Analysts have pointed out the formation of a potential triple bottom pattern. It often signals a trend reversal.

The price broke above the important resistance zone between $1,700 and $1,800. A daily close above $1,800 could mark a change in market structure.

Crypto analyst Ali charts noted on X, “Ethereum price needs to secure a daily close above $1,950 to trigger a buy signal from the SuperTrend indicator.”

However, caution remains. Although ETH has entered the former resistance zone, steady momentum above $1,800 is required for a clearer bullish confirmation. Failing to sustain above $1,750 could expose the price to renewed selling pressure.

Moving Averages and Whale Activity Suggest Building Strength

Technical indicators showed mixed but slightly positive signals at press time. Ethereum’s short-term exponential moving averages (EMAs), likely the 9 and 21 periods, made a bullish crossover. This crossover often leads to upward price movements when supported by volume.

Moreover, large transaction activity has drawn attention. In early February and April, Ethereum prices saw spikes of up to 16,000 large transactions per day.

Following these spikes, transaction volume stabilized between 4,000 and 8,000 transactions daily. Analysts interpreted this pattern as a period of consolidation by large holders.

Another noticeable spike in large transactions occurred in early April, which coincided with a short-lived rally. This trend suggested that whales could be accumulating ETH at lower prices. That could provide a strong foundation for future moves.

Key Ethereum Price Levels to Watch: $1,950 and $2,200 Resistance

The next upside target for Ethereum price is around $1,950, followed by $2,300 if bullish momentum strengthens. According to crypto trader @MarzellCrypto, “Ethereum needs to close a daily candle above the orange zone at $2,200 to confirm the continuation of the bullish trend.”

Failure to secure a close above $1,800 could delay the rally. In that case, ETH price might revisit lower supports at $1,700, $1,650, or even $1,620. On the other hand, breaking above $2,200 would likely open the path toward higher resistance levels such as $2,300 and $2,700.

Volume levels remained steady without signs of aggressive sell-offs. That supported the idea of price consolidation rather than heavy distribution. A decisive move above $2,200 could draw new buyers, leading to increased volatility and a potential rally.

Short-Term Risks Remain as Indicators Give Mixed Signals

Despite the decline, the hourly MACD pointed out that bearish pressure is fading away. However, the RSI index stayed below the centreline of 50. Ethereum price also traded just under its 100-hour simple moving average, another critical level for near-term trend confirmation.

Analysts also noted that sloppy price action around the $1,750 resistance, combined with rising sell volume, could trigger short-term weakness. Crypto analyst Nebraskangooner observed, “The fact that this deviated above resistance and is rejecting increasing volume makes me think it will drop back.”

If ETH fails to hold the $1,750 support level, traders might witness a further dip to $1,700 or $1,650. Hence, sustaining the support levels and overcoming the key resistances are the critical preconditions for further growth.

Therefore, the trend of Ethereum price change during the next few days will be crucial for the cryptocurrency. A daily close above $2,200 can indicate an upside breakout and signal the next rally towards the $2,300 levels and beyond.