Ethereum price prediction: $2,300 resistance in focus? ETH trades sideways

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Ethereum slides 0.72% to $2,217.90

Highlights

US-based Ethereum ETFs saw net inflows of $64.9 million on April 10, signaling renewed institutional interest.
Ethereum staking participation rose above 30%, with $84.8 billion staked, while BitMine Immersion Technologies now holds nearly 4% of total ETH supply.
Technical signals are mixed, with Ethereum expected to trade sideways between $2,150 and $2,300 over the next five sessions amid indecisive momentum.

Institutional flows and staking rise as selling pressure persists

Net inflows of $64.9 million were reported for United States-based Ethereum exchange-traded funds on April 10. Ethereum staking participation rose above 30%, with $84.8 billion secured through staking as of April 9. BitMine Immersion Technologies acquired 71,179 ETH during the week, lifting its holdings close to 4% of the total supply. Tokenized treasury assets on the Ethereum network exceeded $22.5 billion, accounting for about 72% of all blockchain-based funds, though price action has remained under broader selling pressure.

Mixed momentum and overbought signals amid moderate volatility

Ethereum’s current price of $2,217.90 sits above both the 20-day SMA ($2,116.39) and 50-day SMA ($2,076.00), signaling near-term bullishness, but remains well below the 200-day SMA ($2,928.34), highlighting persistent long-term resistance. The Ichimoku Kijun level at $2,157.74 is just below spot price, acting as immediate support. Momentum readings are conflicted: D1 MACD indicates buying pressure, while ADX (13.13) signals weak, indecisive trends. The D1 RSI stays in bullish territory at 62.65, but Stoch RSI and CCI both flag overbought conditions, hinting at a possible slowdown or mean-reversion. D1 BBP signals buyers still dominate, though intraday BBP and Stoch RSI readings frequently point to oversold, suggesting alternating control. Awesome Oscillator is positive, backing short-term upside. Today’s price edged down 0.72% after a higher open (no gap), with the current price near the day’s low of $2,208.70; intraday volatility is moderate with clear pressure after the open. Oscillators and momentum signals are divergent, indicating mixed short-term signals.

Sideways bias as weekly indicators cap upside prospects

Looking ahead, the expected trading range for the next 5 sessions is $2,150 to $2,300. There is a very low probability (less than 20%) of a significant rise, with a decline more likely given the persistent bearish signals from W1 MACD, RSI, and all major W1 moving averages. The baseline scenario sees Ethereum fluctuating within a sideways corridor between $2,150 and $2,300. A bullish scenario would require a breakout above $2,300 to shift momentum higher, while loss of support near $2,150 could open a move toward the lower end of the current volatility band.

Anton Kharitonov, analyst at Traders Union, notes that Ethereum shows near-term bullish momentum above short-term averages, but long-term resistance remains strong. He highlights conflicting technical signals, with institutional inflows and growing staking participation offering support, while momentum indicators send mixed messages. The analyst sees a sideways trading range between $2,150 and $2,300 as the most likely scenario, giving little weight to a bullish breakout unless $2,300 is reclaimed. "Until Ethereum clears sustained resistance near $2,300, I remain cautious and see no compelling upside setup here."

Earlier, analysts noted that while Ethereum displayed short- and medium-term bullish momentum, persistent overbought signals and weak long-term trends warranted caution. Fresh inflows into Ethereum ETFs and active on-chain participation bolster market interest, but with multiple technical indicators still diverging, monitoring for a break below $2,150 remains critical to manage downside risk in the sessions ahead.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.