{"id":5412,"date":"2025-06-17T18:13:13","date_gmt":"2025-06-17T18:13:13","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/ethereum-eyes-big-move-as-price-compresses-between-key-levels-2100-or-4000-next\/"},"modified":"2025-06-17T18:13:13","modified_gmt":"2025-06-17T18:13:13","slug":"ethereum-eyes-big-move-as-price-compresses-between-key-levels-2100-or-4000-next","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/ethereum-eyes-big-move-as-price-compresses-between-key-levels-2100-or-4000-next\/","title":{"rendered":"Ethereum Eyes Big Move As Price Compresses Between Key Levels \u2013 $2,100 Or $4,000 Next?"},"content":{"rendered":"

Ethereum (ETH) is attempting to retest the local range highs following last week\u2019s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move.<\/p>\n

Ethereum Eyes Range High Resistance<\/h2>\n

Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, sent the cryptocurrency\u2019s price to retest its local range\u2019s lows before recovering over the weekend.<\/p>\n

Notably, ETH has been hovering between the $2,400-$2,680 range since the early May market recovery, which saw the King of Altcoins surge from the $1,800 mark toward its current price range for the first time in three months.<\/p>\n

Nonetheless, it has been rejected from the local range\u2019s resistance four times in the past month. Market watcher Daan Crypto Trades noted that Ethereum\u2019s price action has been consolidating between these two key levels, compressing just below the $2,800 area.<\/p>\n

This level has been a crucial area throughout the cycle, serving as a key support and resistance level since 2024. The trader considers<\/a> this area to be \u201cthe most important level on this entire chart by far,\u201d detailing that every major retest of this zone has led to either \u201ca nice bounce\u201d or \u201cbig dump.\u201d<\/p>\n

\"Ethereum\"<\/p>\n

Meanwhile, ETH \u201cwent on to really even further\u201d after every reclaim of this level as support. Daan explained that its current price range is \u201cbecoming quite a tight range for how long it\u2019s been trading here. You can see how important this is and that there\u2019s likely a big move coming from this point somewhere in the next few weeks.\u201d<\/p>\n

Based on this, he forecasted that \u201cIf we’d see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K.\u201d However, if it loses this current range, then the $2,100 area \u201cis the big high timeframe level to watch.\u201d<\/p>\n

Is A 2017 Repeat In The Making?<\/h2>\n

Merlijn The Trader highlighted<\/a> that Ethereum is now consolidating within its current range after breaking out of a multi-month falling wedge, which suggests that the cryptocurrency could soon experience a massive move.<\/p>\n

He pointed out that, historically, \u201cthis pause often precedes a surge,\u201d adding that the Relative Strength Index (RSI) is also retesting the recent breakout zone. Additionally, the trader noted<\/a> that ETH appears to be following its 2016-2017 playbook, with a similar structure to eight years ago.<\/p>\n

At the time, the cryptocurrency had an \u201cexplosive setup\u201d that led ETH to a massive lift-off starting in 2017. After the market shakeout, the cryptocurrency moved sideways within a tight range while reclaiming the 50-day Moving Average (MA).<\/p>\n

Following the key reclaim, Ethereum\u2019s price experienced a massive surge toward new highs. According to Merlijn, \u201cSame breakout zone. Same 50 MA reclaim. Sideways chop\u2026 then liftoff. But this time? Bigger market. Institutional fuel is backing ETH. No ceiling in sight. We\u2019re not repeating history\u2026 We\u2019re amplifying it.\u201d<\/p>\n

As of this writing, Ethereum is trading at $2,640, a 3.7% increase in the daily timeframe.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is attempting to retest the local range highs following last week\u2019s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move. Ethereum Eyes Range High Resistance Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of…<\/p>\n","protected":false},"author":1,"featured_media":5413,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[42,713,725,468,281,64,2577,66,2677,1158,395,68],"class_list":["post-5412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader","tag-eth","tag-eth-analysis","tag-ethereum","tag-ethereum-2017","tag-ethereum-ath","tag-ethereum-breakout","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5412"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5413"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}