$ETH is currently trading around $2,425, nearly flat intraday. Its market capitalization stands at approximately $292 billion, with a 24‑hour trading volume of $18 billion, representing about 6% of its market cap .
Technically, ETH is holding firm above a key $2,400 support, a critical level defended over the weekend . A recovery has seen it reclaim the $2,444 resistance pivot; maintaining above this could trigger another bullish leg toward $2,600–$2,800 . Analysts also note a “falling wedge” breakout on shorter timeframes, with support near $2,200–$2,100 if downside momentum returns .
Longer‑term resistance lies in a confluence around $2,450–$2,660, aligning with 50‑, 100‑, and 200‑week moving averages . A decisive break above this zone could open a path to $3,000, while a drop below the 200‑week SMA (~$2,437) would risk renewed bearish sentiment .
In summary, ETH remains range‑bound between $2,400 support and $2,600–$2,660 resistance. A break either way could define the next trend—bullish above the upper zone or corrective toward $2,200–$2,100 support.