Ethereum Price Prediction: Key Support and Resistance Levels at Play The Ethereum coin is currently trading around $2,427.5, stuck in a tight range between key support at $2,400 and the 200 EMA resistance at $2,466.1. The 4-hour chart reveals a clear battle zone, with multiple tests of the $2,400 area highlighted by green arrows—signaling strong historical buying pressure. ETH/USD 4-hours chart - TradingView However, the price is failing to reclaim the $2,535 resistance zone, suggesting that upside momentum is limited unless bulls step in with force. Technical Indicators: RSI and Moving Averages RSI (Relative Strength Index) is neutral at 50.84, indicating no strong bullish or bearish momentum. 200 EMA (Exponential Moving Average) is currently acting as dynamic resistance. Price is consolidating below the 200 EMA, which often implies bearish bias unless a clear breakout occurs. Critical Levels to Watch Support: $2,400 – Holding for now, marked by multiple bounces (green arrows). A break below this level could trigger a drop to the next key level. $2,200 – The next significant support if $2,400 fails. Resistance: $2,466 (200 EMA) – Immediate resistance. $2,535 – A strong horizontal resistance level. $2,732 – Medium-term bullish target if the price breaks above $2,535. Trade Setup: What Traders Should Look For ETH Coin Bullish Scenario:If ETH breaks above the 200 EMA and holds above $2,466, a move toward $2,535 becomes likely. A daily close above $2,535 would open the door to $2,732.✅ Long Entry: Above $2,470🎯 Target: $2,535 → $2,732🛑 Stop Loss: Below $2,400 Bearish Scenario:If Ethereum fails to hold $2,400, a decline toward $2,200 is likely.🔻 Short Entry: Below $2,390🎯 Target: $2,200🛑 Stop Loss: Above $2,470 Neutral Zone:ETH is currently ranging between $2,400 – $2,466. Traders should wait for a decisive breakout before entering large positions.