Ethereum Price Prediction: Can ETH Break $2,548 Resistance?

Quick overview

Ethereum’s price surged above $2,500—rebounding above $2.447 support zone. Fueled by optimism and a short-term divergence from Bitcoin’s dominance, the move was a new monthly high and sparked hopes for a bigger rally.

According to crypto analyst Gianni Pichichero, the Monday and Tuesday closes were institutional buying. Tuesday’s high set the stage for a breakout, but the momentum faded by Wednesday.

Wednesday was the first red daily candle of the week, followed by Thursday’s drop back into early week territory. The reversal erased most of the week’s gains.

Bearish Momentum Signals Possible Re-test of $2,400

By Friday, Ethereum was below the $2,500 short-term support and struggling beneath the $2,700 resistance. Pichichero pointed out several bearish signals strengthening:

• Consecutive red candles on the daily chart
• Price back into the weekly range
• Reversal patterns (e.g. double tops)
• Fading volume, confirming buyers are losing interest

He said any short-term bounce should be viewed with skepticism. Without volume or bullish candlestick confirmation, rallies are exit opportunities not new entries. $2,400 is the level to watch, with 11% drop from last week’s high if support fails.

Bulls Target $2,548 for Breakout Confirmation

Weekend brought some life. ETH/USD bounced from the 0.236 Fib at $2,495 and went above $2,500. Price is now testing the 50-period EMA at $2,510 which has been resistance throughout the downtrend.

Candle structure is improving—smaller wicks, bigger bodies—buyers may be taking control. ETH is testing a confluence of resistance: the trendline from $2,649 and the 0.5-0.618 Fib zone ($2,549-$2,572). A close above $2,548 could open up $2,606 and $2,649.

Trade Setup:

• Entry: Close above $2,548
• Targets: $2,606 and $2,649
• Stop-loss: Below $2,494

Newbies: Fibonacci levels are like stairs. ETH fell, found support and is trying to climb. But unless it closes above $2,548, it’s still a risk of falling.

ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.

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