Ethereum Price Prediction: ETH Hits a Key Zone That Could Decide Its Next Move

Ethereum has worked its way back to a level that’s hard to ignore. After a steady recovery, it pushed toward $2,400 but couldn’t break through cleanly. Now it’s trading just below that zone, and the market is clearly watching to see what happens next.

As prominent analyst Ted Pillows pointed out, this level has been a turning point before. That’s why it matters so much now. If the ETH price can reclaim it, the move higher could open up quickly. If it gets rejected again, we’re likely looking at another dip before any real progress.

The ETH bigger trend is improving, but not there yet

If you zoom out on Ted’s chart, the ETH price has already come a long way. It dropped heavily from last year’s highs and spent months trying to find a bottom. Since then, it has started to recover and rebuild the structure.

Another good indication is the breaking of the downtrend for a longer period of time. This normally indicates the beginnings of a recovery. Another positive sign is the flattening of the 100 day moving average, an indication that the downtrend is weakening.

$ETH tried to break above the $2,400 level but failed.

This is an important zone for Ethereum.

A reclaim above this level could push ETH above the $2,500 zone.

A rejection means ETH will drop below the $2,300 level again. pic.twitter.com/1dgZGsibgM

— Ted (@TedPillows) May 4, 2026

That said, the job isn’t finished. There’s still strong resistance ahead, especially around the $2,500 area. That’s where the ETH price needs to prove it can keep pushing higher. Until that happens, the recovery remains incomplete.

That’s exactly why everyone’s watching the $2,400 level right now. As Ted pointed out, the ETH price tried to break above it but couldn’t stay there. So now it’s a clear decision point. If the price can get back above it and hold, a move toward $2,500 and beyond starts to look more likely. If it gets rejected again, we could see the ETH price drift back toward $2,300 or even $2,155.

ETH price showing strength on lower timeframes

We took a look at the ETH price on both the daily and 4-hour charts, and things are starting to look a bit more encouraging. 

On the daily chart, the price has already pushed out of that long downtrend and is now holding above it. It represents one of the initial signals for an upcoming recovery process. In addition, the 100-day simple moving average is now forming a trend reversal signal since its flatness is coupled with a move toward it on price’s side. Once broken, the trend might reverse even further.

Daily ETH price chart analysis.

Going to the 4-hour chart, the setup becomes somewhat more dynamic. So far, there have been two bullish structure breakouts in the ETH price over recent months, but at present it remains inside the important area near $2,300-$2,400.

That area tends to act like a battleground, and so far buyers have been stepping in to defend it. The rising trendline from the March lows is still holding too, which gives price some extra support underneath.

4-Hour ETH price chart analysis.

Momentum is also in a good spot. RSI is in the low 60s, so there’s still room for the ETH price to push higher without getting stretched. At the same time, the 4-hour 100 moving average has flipped into support, which usually means buyers are getting more confident on dips. If this keeps up, the next area to watch comes in around $2,520 to $2,537, where price has struggled before.

Network activity is steady in the background

Looking beyond price, the on-chain data from Glassnode gives a clearer picture of what’s going on under the ETH price. Active addresses dropped when ETH pulled back from around $2,370 to $2,260, sliding from over 500K to roughly 300K. As price started recovering, activity picked back up, but it still hasn’t returned to earlier highs. That usually means retail hasn’t fully stepped back in yet.

Transaction activity looks a bit steady. Although the dip occurred, the blockchain continued processing roughly 3.1M to 3.6M transactions, with even a temporary reduction in volume seen only at its troughs. This implies that the blockchain has been active throughout, possibly due to DeFi trading and large traders’ participation.

One of the bigger drivers behind the recent move is accumulation from large holders. Over a short period, whales picked up more than 140,000 ETH, which is a sizable amount. This kind of buying reduces the available supply on the market and can help support the ETH price. It also shows confidence from bigger players at these levels.

What happens next for the ETH price

If buyers manage to push above it and hold, the next move could target $2,500 and even $2,800. That would line up with both short-term and higher-timeframe resistance areas.If the ETH price gets rejected again, then the focus shifts lower. A drop below $2,300 could bring $2,155 back into play, which has been a strong support area before.

Right now, the ETH price is at one of those moments where the next move matters more than usual. The structure is improving, buyers are active, and the broader market is helping. But confirmation is still missing.

CoinCodex’s 1-month ETH price prediction places the price at $2,811.05, which sits above the current level. If that doesn’t happen yet, the market may need more time, with price moving sideways or dipping before another attempt.

Either way, this is a clear decision zone. The level is defined, the setup is in place, and the ETH price is right at the center of it.

Source:: Ethereum Price Prediction: ETH Hits a Key Zone That Could Decide Its Next Move