Ethereum broke back into its clean $2520 range as traders await a lower retest for long positions
Price may surge to $3200 based on the pattern shared by RektProof before a major retrace hits
If the move fails Ethereum could revisit the $2000 level making this setup critical for the week ahead
Ethereum has made a strong recovery back into its previous range after a solid break, sparking renewed attention from traders. The move follows weeks of consolidation, and price action suggests a retest of the lower boundary may occur. RektProof, a prominent chart analyst, adjusted their market outlook to align with the latest Ethereum setup.
Source: X
On June 24, 2025, RektProof shared a fresh update on Ethereum’s 12-hour chart, noting price action near $2,520 on Binance. The asset had reclaimed the mid-range following a sweep of local lows, with further upside projected. The general bias remains tilted toward potential longs if price retests the lower part of the observed range.
Retesting Structure Before Further Upside
Ethereum's previous range between approximately $2,860 and $2,510 had formed after a sharp rise from the April consolidation base. This range, marked by clean highs and lows, served as a key reference point for market participants tracking intraday swings.
The price dipped below the lower boundary of the range earlier in June, suggesting a potential breakdown. However, buyers stepped in near the $2,420 level and pushed the asset back into the previous range. This re-entry is often seen by traders as a signal that the prior breakdown was a false move or liquidity sweep.
As of the chart shared on June 24, Ethereum’s price was pushing back toward the mid-point of the range. RektProof identified the need to wait for a possible retest of the lower boundary before fully confirming any upside continuation. The range remains a significant reference for technical decision-making.
Projection Indicates Volatility Ahead
In the shared chart, Ethereum’s potential next moves include a surge toward the upper boundary near $3,200 before facing resistance. The hand-drawn projection sketched a rise followed by a steep correction, leading to a deeper low around $2,000. After that, price action may stabilize, forming higher lows around September.
This outlook highlights the possibility of a broad price swing even if current bullish sentiment continues. Ethereum’s structure remains vulnerable to sudden shifts if the range boundaries are invalidated again. The idea of a false breakout followed by major downside retracement is common in high-volatility crypto setups.
The forecast also matches the previous trend where Ethereum experienced strong upside only to face steep corrections. Traders analyzing this setup are therefore cautious, balancing long entries with stop-losses placed below the current structure.
Will Ethereum sustain this recovery or fall back into deeper price territory amid market volatility?
Market Reaction and Social Activity
The tweet by RektProof received over 93,000 views, alongside hundreds of comments and reposts. Many in the trading community acknowledged the setup’s alignment with prior expectations. Another trader, known as Mainachad, confirmed the pattern’s reliability in a follow-up post.
The chart also showed that Ethereum had maintained price levels above $2,480, with the $2,400 zone acting as immediate support. If the price respects this level, Ethereum may continue climbing toward key resistance levels marked earlier in the range.
Community discussions around the H12 timeframe indicate broader recognition of this trading range. Technical traders are preparing for both long and short setups based on Ethereum’s behavior within this consolidation.
