- Ethereum’s price rose 1.19% in the last 24 hours, facing resistance at $2,600.
- A break above $2,646 could fuel a rally toward $2,700–$2,750.
- Falling trading volume suggests market indecision, increasing the chance of sideways action.
- Short-term correction is possible if bulls fail to regain control today.
Ethereum Shows Modest Gains but Faces Key Resistance Levels
Ethereum (ETH) has seen a slight uptick of 1.19% over the past 24 hours, according to CoinStats. On the hourly chart, the price action indicates a potential local resistance forming near $2,600. If bulls cannot assert dominance by the end of today, the cryptocurrency could face a short-term correction, testing support levels on the downside.
Also Read: Ethereum Price Prediction: Bulls Eye $2,400 as Whales Accumulate in April 2025
On the larger time frames, ETH remains stuck between key levels, suggesting a lack of clear momentum from either buyers or sellers. For the bulls to maintain control, Ethereum needs to break and hold above $2,646, which could open the door for a push toward the $2,700–$2,750 resistance zone later this week.
Market Volume Declines, Pointing to Potential Sideways Action
From a midterm perspective, trading volume continues to decline, reinforcing the notion of market indecision. This decreasing volume typically signals that neither bulls nor bears are prepared to drive a significant move. As such, Ethereum could be poised for sideways trading around its current levels until stronger market catalysts emerge.
What’s Next for Ethereum?
If Ethereum manages to reclaim $2,646, expect increased buying pressure to push the price toward $2,700–$2,750. However, if bullish momentum stalls, the altcoin could retest lower support zones in the near term.
