Ethereum Price Analysis: Key Levels to Watch Looking at the weekly ETH/USD chart: Immediate Resistance: The first major resistance stands at $2,535, aligning with the recent rejection zone. A break above this level could push Ethereum toward the 50-week SMA at $2,744, which is the next critical resistance level. Immediate Support: Ethereum has now entered a minor support zone at $2,400, but the stronger support lies at $2,200. If the bearish momentum continues, a retest of $2,200 is highly probable. Bulls’ Last Stand: The major psychological support remains at $1,800. If ETH drops to this level, we might see strong buyer interest returning. RSI Indicator: The Relative Strength Index (RSI) is currently at 39.30, well below the neutral 50 level, indicating that Ethereum is approaching oversold conditions but hasn’t hit bottom just yet. ETH/USD 1-week chart - TradingView Ethereum Trading Setup 📈 For Swing Traders: Entry Zone: Around $2,200 if the price drops further. Take Profit Targets: $2,535 (short-term), $2,744 (mid-term). Stop Loss: $1,800 to limit downside risk. 📉 For Short-Term Traders: Consider shorting if ETH fails to break above $2,535 again. Target a drop back to the $2,200 zone. Tight stop loss above $2,550. Ethereum Price Prediction: What’s Next? If Ethereum holds above the $2,400 mark and breaks through the $2,535 resistance, we could see a bullish reversal, targeting the $2,744 resistance and possibly the $3,200 psychological level in the coming months. However, failure to reclaim $2,535 could trigger a further correction toward $2,200 or even $1,800 before any significant rebound. ETH/USD 1-week chart - TradingView How to Trade Ethereum? Looking for a reliable platform to trade Ethereum? Try Bitget, a leading crypto exchange offering spot and futures trading with low fees and advanced trading tools.