Ethereum is testing the $2,400 resistance level.

After forming higher lows consecutively, it indicates the market is still accumulating. Ethereum is now moving against the trend, breaking through the downtrend line. The price is currently fluctuating between $2,380 and $2,400. This area is a very important resistance point; we are likely to see how Ethereum performs next.
Market sentiment has shifted from neutral to slightly positive but is still slowly rising, without a quick surge. Usually, in this situation, the price either breaks through resistance or gets pushed back.
The resistance levels we are watching are $2,400, $2,423, and $2,464. But if the price drops, key support levels are $2,315, $2,280, and $2,250.
Momentum seems to be building. Our indicators are starting to rise, showing some early bullish signals, although it hasn't entered overbought territory yet.
If Ethereum can break above $2,400 and hold there, we might see it move toward $2,423 or even $2,460. But if it gets pushed back and falls below $2,315, the price is likely to retreat to the $2,280-$2,250 range, possibly continuing sideways.
The most prudent approach right now is to wait for clear signals. That means waiting to see a solid breakout above resistance or a clear pullback to support levels before taking action.
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