Ethereum Price Prediction: ETH Slides to $2.4K, Bulls Defend

Ethereum dropped into the $2,400 zone after a sharp selloff pushed price toward the 200 week average and a key long-term trend channel. Now $ETH sits in a high-activity trading band, where the next reaction should shape the short-term direction.

Ethereum Pulls Back Toward Long Term Trendline as Volume Profile Marks Key Trading Zone

Ethereum extended its pullback on the daily chart, trading near $2,535 after a sharp red candle that showed a roughly 6% session drop on the Bitstamp feed. The chart still frames the move as a retracement from the August 2025 peak near $5,000, which some analysts label as the cycle’s latest higher high.

Ethereum / U.S. Dollar 1D Chart (Bitstamp). Source: TradingView (Leo Lanza)

Crypto analyst Leo Lanza argued that the decline since that $5,000 area can still fit an uptrend if price holds a higher low structure. On his chart, Ethereum is now approaching a rising long term trend channel that starts around March 2020. He noted the channel has only two major touch points so far, meaning it still needs confirmation before traders can treat it as a reliable boundary.

The volume profile on the right side of the chart highlights where trading concentrated across price levels. Lanza described low volume nodes as zones where price often rejects quickly, because fewer trades occurred there historically. He described high volume nodes as acceptance areas, where heavier activity can slow price and create consolidation.

On the current view, Ethereum sits inside a high volume node, suggesting the market has traded heavily in this region and may treat it as a decision zone rather than a clean air pocket. If price slips into the marked low volume area, moves can become faster in either direction, because liquidity thins and prior trading interest drops. For now, the chart signals a market testing support and structure, with confirmation depending on how Ethereum behaves around the long term trendline and the high volume band.

Ethereum Slides to 200 Week Average as Traders Watch for a Bull Response

Ethereum fell sharply after the latest weekly candle printed a steep drop on the chart. The move pushed $ETH down to its 200 week moving average, a long watched level that often acts as a long term trend gauge during deep pullbacks.

Ethereum / U.S. Dollar Weekly Chart. Source: TradingView (StockTrader Max)

Market commentator StockTrader Max said this is the spot where bulls “have to show up,” arguing that a bounce from the 200 WMA would quickly improve the chart’s look. His view focuses on the idea that long term buyers often defend this average when the market tests it after extended declines.

The chart also shows Ethereum slipping under shorter trend measures during the selloff. The 50 week moving average sits above current price, while the 200 week line sits closer to spot, tightening the area into a high pressure zone where momentum can either stabilize or extend lower.

If Ethereum holds the 200 week average and reclaims nearby levels on follow through, the move would read as a support test rather than a trend break. However, if price fails to bounce and keeps closing below the long term average, the chart would signal that sellers still control the market and that prior support has weakened.

Source