Ethereum Price Prediction: ETH Reclaims $2,480 as Bulls Eye Breakout Zone

After bouncing from a weak low at $2,200 earlier this week, the Ethereum price today is trading near $2,485, recovering sharply from recent losses. The recovery has been technically clean, with ETH reclaiming key EMAs and invalidating a recent bearish break of structure (BOS). However, price is now approaching the lower bound of a stubborn supply zone between $2,500 and $2,600 — an area that previously triggered multiple sell-offs.

What’s Happening With Ethereum’s Price?

Recent Ethereum price action has been marked by a sharp recovery from the $2,200–$2,240 liquidity block. The daily chart shows ETH forming a bullish engulfing candle on June 25, followed by continuation above the 50 EMA. The move has flipped the short-term trend back in favor of buyers, especially with the daily close reclaiming the $2,470 demand area.

The 4-hour chart indicates a fresh break of structure (BOS) above $2,480 after several failed attempts, while the Smart Money Concepts tool shows a clear bullish CHoCH around the same region. ETH is currently pressing into a local supply zone between $2,5…

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