Following a period of consolidation, Ethereum price is currently trading around the $2,240 mark, showing a steady climb from its March lows. As institutional interest remains a driving force, particularly through Ethereum spot ETFs, technical patterns on the 4-hour chart suggest that a major volatility event is on the horizon.
Ethereum Price Analysis: Important Levels to Consider
The 4-hour chart reveals a classic "stairs up" pattern. After the sharp dip highlighted by the green circle at the $1,800 level, $Ethereum has formed a series of higher highs and higher lows.
Key Support Levels
- Primary Support ($1,800): This is the "floor" for the current trend. A daily close below this would invalidate the bullish thesis.
- Intermediate Support ($2,150): This level acted as resistance earlier in the month and has now been successfully retested as support.
Resistance Zones
The Target ($2,400): Highlighted by the ...
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