- Ethereum holds support at $2,425.62 after a key liquidity sweep near $2,300, indicating buyer interest.
- Multiple rejections at $2,700–$2,800 show strong resistance, but repeated tests hint at possible breakout.
- A close above $2,576.79 could trigger bullish continuation toward the next target at $3,400.
After retesting a significant liquidity zone at $2,300, ETH has started to show signs of accumulation and consolidation. These recent price movements, in combination with previous resistance interactions, have Ethereum setting up for a possible continuation to the upside.
Ethereum is trading for $2,463.68 at the time of writing, a modest 0.3% increase in the last 24 hours. It also appreciated 0.7% against Bitcoin, which is valued at 0.02285 BTC. With price stability now above the $2,425.62 support level, traders are closely watching the next resistance at $2,519.56.
Consolidation Phase Extends With Key Resistance Retests
In the previous several weeks, Ether tested the upper resistance band between $2,700 and $2,800 on several occasions. Such repetitive failures have not led to significant crashes but rather to forms of consolidation and the formation of structural support structures.
Each test into this resistance band appears to build short-term stamina, allowing for accumulation without significant downside risk. This zone remains a critical barrier that Ethereum must overcome before targeting higher price levels. The repeated interaction with this range further validates its significance and increases the likelihood of a decisive breakout when momentum builds.
Liquidity Sweep Below Confirms Support Around $2,300
Earlier in June, Ethereum dipped into the $2,233.47 zone, briefly breaking below before reversing sharply. This move swept liquidity in that area, removing weak hands and confirming the $2,300 region as strong support. The retracement found footing near $2,111.00, marking the month’s local low. Price has since bounced and reclaimed the $2,425–$2,500 zone with steady volume, indicating renewed interest. Notably, the lower green band highlights the area where traders absorbed supply. This provides the foundation for potential upward continuation in the coming sessions.
ETH Eyes $2,576 Breakout as Bulls Target $3,400 Zone
With ETH now trading near $2,475.00, traders are eyeing $2,576.79 as the short-term trigger point for breakout confirmation. Should Ethereum close above the multi-week resistance zone, momentum could accelerate toward the $3,400 target zone highlighted in the chart.
The next major resistance beyond $2,800 lies around that level, presenting a significant objective for bullish market participants. Until then, Ethereum remains range-bound but technically constructive, with visible strength above support and consistent volume beneath resistance.
