Ethereum price steadies near $2,250 as bulls defend key recovery zone
Ethereum price today is attempting to regain footing near $2,250 after last week’s sharp correction that dragged the asset below $2,100. Although broader market sentiment remains fragile, some short-term technical indicators are beginning to turn in favor of the bulls.
Key highlights
- Ethereum price holds near $2,250 after bouncing from sub-$2,100 lows.
- Momentum shows signs of recovery, but EMAs and Supertrend remain bearish.
- Bulls must reclaim $2,382 to shift trend; failure risks drop toward $1,958 or $1,491.
Buyers are now focused on defending the $2,240–$2,250 consolidation area to build momentum toward reclaiming higher levels.
Momentum builds but resistance looms
On lower timeframes, including the 30-minute chart, Ethereum has printed multiple bullish RSI divergences around the $2,120 level. These signals align with strengthening MACD histogram action and rising signal lines, all pointing toward a possible momentum shift.
ETHUSD price dynamics (Source: TradingView)
Price is now consolidating near volume-weighted average price (VWAP) and Parabolic SAR support, which currently range between $2,240 and $2,246. A sustained push above $2,275 would be the next bullish objective, while reclaiming $2,300 would open space toward more meaningful resistance at $2,333 and $2,422—home to the 20 and 50 EMAs on the 4-hour chart.
However, the trend remains bearish on medium timeframes. All key EMAs are still stacked negatively, and the Ethereum price action remains bound within the lower half of the Bollinger Bands. While the bands are narrowing—a signal of possible volatility expansion—the upper resistance zone could cap upside unless bulls manage a decisive break.
Downside risks persist below key support
The larger trend structure continues to reflect a broader descending pitchfork, with Ethereum price now testing its lower boundary near $2,128, which aligns with the PE 1.0 support level. Daily structure still favors caution, especially as the DMI (-DI > 50) and Supertrend on the 4-hour chart continue to confirm bearish dominance.
If price breaks below the $2,120–$2,128 support zone, bearish continuation toward $1,958 or even $1,491 remains possible. That said, reclaiming $2,382 would flip the Supertrend bullish and likely trigger a move back into the $2,478–$2,814 range.
In recent articles, we previously discussed how Ethereum price volatility tends to compress ahead of breakouts from major pitchfork structures. With price now parked at the lower edge of a long-term range, the coming sessions could define whether bulls are ready to shift the trend or if sellers extend the decline.
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