Ethereum Price Prediction: Can ETH Hold $2,300 and Push Higher?

Ethereum is trading near a key decision zone as analysts track two different short term paths. ETH must hold the $2,300 area or break higher to avoid a deeper move toward lower support.

ETH Chart Shows Final Push Setup Before Pullback

ETH trades near $2,312 on the 4 hour chart, while the analyst tracks an expanding diagonal structure. The setup still keeps a bullish path open if price makes one more push above the recent high.

ETHUSD 4H Expanding Diagonal Setup. Source: The Penguin

The chart marks a possible move toward $2,520 to $2,600. However, ETH must move past the previous wave top to validate that path.

The key invalidation level sits near $2,177. A clean break below that level would weaken the bullish count and increase the chance of a deeper correction.

The pullback zone appears around $2,160 to $2,200, with lower Fibonacci levels marked near $2,040, $2,020, and $1,920.

Overall, ETH still holds a bullish structure, but the chart needs one final breakout to confirm it.

ETH Price Risks Drop Toward $2,200 Support

ETH trades near $2,308 on the 2 day chart, while price struggles to hold above the $2,300 area. The chart shows this zone as a short term decision point.

ETHUSDT 2D Support and Resistance Setup. Source: Ted Pillows

If ETH loses this level, the next support sits around $2,150 to $2,200. A move into that range would match the analyst’s correction setup.

However, ETH still has resistance near $2,400. A clean break above that area could reopen the path toward $2,620 and then $2,750 to $2,800.

The deeper downside level sits near $1,790, with another major support near $1,694. For now, the chart shows pressure near resistance, while weakening spot demand keeps the pullback risk active.