Ethereum Price Prediction: ETH Eyes $2,650 Breakout

Ethereum is testing two breakout setups after pushing above key descending trendlines on daily and 6-hour charts. Analysts now point to $2,460 and $2,650 as the next major ETH price targets if the breakout holds.

Ethereum Eyes $2,650 Target as ETH Breaks Above Key Trendline

Ethereum traded near $2,379 on the daily ETH/USD chart shared by More Crypto Online, while price moved above the descending orange trendline that had capped ETH since the previous high area.

The chart shows ETH recovering from the lower support zone near $1,600 to $1,821, where the move formed a larger corrective base. From that area, Ethereum built a rising structure marked as an A-B-C move, with price now testing the upper part of that recovery.

Ethereum Wave C Target Chart: Source: More Crypto Online on X

The analyst said the 100% extension target for wave (c) sits near $2,650. On the chart, this level appears at $2,657, which stands above the current price and inside the first marked upside target zone.

The breakout above the trendline matters because ETH had failed several times near that same descending resistance. A daily move above it could confirm that buyers have gained short-term control after weeks of sideways and upward price action.

However, ETH still needs to clear the next resistance area between $2,617 and $2,957. The chart marks this zone with Fibonacci levels, including the 38.2% retracement at $2,617 and the 50% retracement near $2,958.

If ETH holds above the broken trendline, the next upside levels remain $2,650, $2,862, and $2,995. A stronger move could later bring the $3,228 extension into focus.

If ETH falls back below the trendline, the breakout would weaken. In that case, price could revisit the rising yellow support structure near the lower part of the current channel. A deeper failure could bring the $1,821 to $1,600 support zone back into view.

For now, the chart shows Ethereum attempting a breakout, with $2,650 as the main short-term target. The next confirmation depends on whether ETH can stay above the trendline and move into the marked resistance zone.

Ethereum Tests Breakout as Chart Points to $2,460 Target

Ethereum traded near $2,341 on the 6-hour ETH/USDT chart shared by The Cryptomist, while price pushed above a short descending trendline on Binance.

The chart shows ETH moving sideways under the trendline after its April rally. Price made several lower highs from the area near $2,460, then dropped toward the $2,220 to $2,260 zone before recovering in early May.

Ethereum Weekly Breakout Retest Chart. Source: The Cryptomist on X

ETH is now testing the upper edge of that structure. The move above the trendline suggests buyers are trying to confirm a breakout after days of compression.

The Cryptomist said Ethereum is attempting a weekly close breakout. The setup idea is to enter long positions on a retest, not at the first breakout candle.

That means the broken trendline may become support if ETH pulls back and holds above it. A successful retest would strengthen the breakout case and keep the $2,460 target active.

However, a failed retest would weaken the setup. If ETH falls back below the trendline, price could return to the recent range near $2,300 and then the lower support zone around $2,220 to $2,260.

For now, the chart shows ETH at a decision point. Holding above the breakout area keeps the bullish structure alive, while losing it would show that the move has not confirmed yet.