The price of Ethereum remains stuck in a narrow range, raising caution among traders expecting a decisive move. Despite increasing interest, the cryptocurrency has failed to break through the key resistance level.
Price activity has shifted to volatility, with both the upper and lower ends of the range being swept without a clear direction. As Ethereum continues to test critical levels, market participants' concern about potential traps is growing.
Analysts warn that until a breakout occurs, short-term trades may involve higher risks.
■• The price range of Ethereum creates a state of uncertainty.
Ethereum has been trading between $2475 and $2735 for several weeks. This well-defined range has become a focal point for traders, with multiple attempts to break either limit.
According to an analysis by Daan Crypto Trades, Ethereum has now tested its highest level at $2735 for the fourth time.
The price moved sharply within this range, often raising bullish and bearish expectations before reversing. These repeated movements have caused confusion among traders trying to predict the next direction.
Dan indicated that until a breakout occurs, it is advised not to focus too heavily on either side.
■• The breakout setup is gaining strong momentum.
Despite the ongoing range, technical patterns show increasing tension.
The yellow trendline appearing on the Ethereum chart indicates a slight upward bias. This suggests that if Ethereum can close above $2,735, it may ignite upward momentum.
Dan confirmed that a breakout beyond the current range is likely to lead to significant price movement. Traders are now closely watching for confirmation. However, in the absence of clear movement, Ethereum is expected to remain volatile within the range, leaving many trapped in false signals.
Market comparisons have emerged, with Merlin the Trader drawing similarities to Ethereum's price movement in 2017. He noted that the current setup of Ethereum reflects the same technical pattern seen before its significant rise in 2017.
In both cases, the price regained its 50-day moving average before achieving a breakout. He added that the 2025 setup carries stronger market fundamentals, suggesting greater potential.
This comparison has sparked speculative sentiment, but it has yet to materialize into a sustainable breakout.
■• The price of Ethereum is rising slightly and remains within a price range.
At the time of publication, Ethereum is trading at $2,760, marking a 7.48% increase over 24 hours. Weekly gains reached 2.90% amid a surge in trading volume to over $27 billion, according to CoinGecko.
Despite its strength in the short term, Ethereum is still below its resistance level at $2,735. Unless it breaks this range, traders may face high volatility and weak price moves.
