Ethereum is currently trading near the $2,500 level, with price action showing signs of prolonged consolidation following a sharp pullback from recent highs.
While the broader crypto market continues to seek direction, traders and analysts remain focused on whether ETH will finally break out—or enter another extended sideways phase.
ETH Still Stuck in a Range
According to analyst Altcoin Sherpa, Ethereum is echoing a pattern from mid-2023, when it remained locked in a tight trading range for roughly 90 days before its next significant move. “We’re all waiting for this to outperform,” Sherpa noted, adding that ETH may repeat last year’s chop, delaying any major bullish move.
The accompanying chart shows ETH bouncing between support near $2,360 and resistance around $2,750, with lower volume suggesting reduced momentum on both sides.
Price Metrics Reflect Uncertainty
CoinMarketCap data shows ETH trading at $2,517.90, down 8.96% over the past week, with daily trading volume plunging 28% to $14.93 billion. Despite the dip, Ethereum’s market cap remains solid at $303.96 billion, suggesting investor interest hasn’t disappeared—only paused.
What to Watch
- Support to hold near $2,360–$2,400 range
- Breakout above $2,750 needed to confirm bullish momentum
- Prolonged chop likely if neither level gives way soon
- Low volume may signal indecision or market fatigue
With ETH continuing to consolidate after weeks of volatility, short-term expectations remain muted. However, should macro catalysts or ETF developments reignite interest, traders may see a swift breakout from the current zone. Until then, patience may be required—just as it was last summer.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/what-to-expect-from-ethereum-next-as-price-stalls-near-2500/