Ethereum Price Prediction: ETH Eyes $3K Move While Resistance Holds
By | 2026-05-06 21:46:32 | 4 months ago
Ethereum is stuck below the same $2,400 resistance that has blocked its recent recovery, while charts from TedPillows and Sky show a tighter setup forming near that level.
A clean breakout could open the way toward $3,000 and higher, but another rejection may send ETH back toward lower support zones.
Ethereum Price Stalls Below $2,400 as Downside Risk Builds Ethereum traded near $2,369 on the 2 day ETH/USDT chart shared by TedPillows.
The chart shows ETH failing again near the $2,400 resistance zone, even as Bitcoin has shown stronger price action.
TedPillows said Ethereum remains weak until it breaks above $2,400.
The chart supports that view because ETH has tested the same red resistance area several times without a confirmed breakout.
Ethereum $2,400 Resistance Chart.
Source: TedPillows on X The nearest resistance sits around $2,400 to $2,470.
A stronger breakout would need ETH to clear this zone and hold above it.
After that, the next marked level appears near $2,624, followed by the larger resistance band around $2,800.
However, the chart also shows downside risk if Ethereum fails again.
The nearest support sits around $2,140 to $2,180, marked by the green zone.
If ETH drops below that area, the next major support appears near $1,780, with a lower level marked around $1,693.
The white arrows on the chart show several possible paths.
One path shows ETH breaking above $2,400 and moving toward $2,624, then possibly $2,800.
Another path shows ETH rejecting from the current zone and retesting support near $2,140.
For now, Ethereum has not confirmed strength.
The price remains trapped between support near $2,140 and resistance near $2,400.
A clean break above $2,400 would improve the short-term structure.
However, another rejection could increase pressure toward the lower support zone.
Ethereum Triangle Pattern Puts $2,400 Breakout in Focus Ethereum traded near $2,378 on the weekly ETH/USD chart shared by Sky.
The chart shows ETH pressing against a horizontal resistance line near $2,400, while a rising trendline supports the price from below.
Sky said a “legendary pattern” is forming for Ethereum.
The chart shows a triangle setup, where price keeps moving into a tighter space between rising support and flat resistance.
Ethereum Triangle Breakout Chart.
Source: Sky on X The key level remains $2,400.
ETH has tested this area but has not confirmed a weekly breakout yet.
A clean move above that line would shift the chart structure and could open the way toward higher targets.
The chart marks the next major zone between $3,328 and $3,965, based on the Fibonacci levels shown.
A separate level near $2,943 also appears on the chart, close to the $3,000 area mentioned in the post.
Sky said ETH could move above $3,000 within weeks if it breaks through the triangle.
However, the chart still needs confirmation first.
Until then, the pattern remains a setup, not a completed breakout.
The moving averages also show resistance above price.
The red moving average sits near $3,080, while the current price stays below it.
That means ETH may face pressure even after a short-term breakout.
For now, Ethereum remains trapped below $2,400.
A weekly close above that level could support a move toward $2,943 and then the $3,328 to $3,965 zone.
However, another rejection could send ETH back toward the rising trendline support.
keywords : News|Crypto
sentiment : NEUTRAL
category data : BTC | ETH | TRADING | CRYPTOCURRENCY