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Ethereum Price Prediction: ETH Eyes $3K Move While Resistance Holds

By | 2026-05-06 21:46:32 | 4 months ago

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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