Fun

Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up

News Feed - 2025-06-08 05:06:18

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Ethereum is showing resilience amid the recent wave of market volatility and uncertainty. While the broader crypto market has pulled back over the past few weeks, ETH continues to hold firm above the $2,500 level — a key psychological and technical support zone. This strength has caught the attention of traders and analysts who see Ethereum’s current price action as a potential launchpad for a move into higher territory. Related Reading Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? 1 day ago


Despite the retracement across major altcoins, Ethereum remains structurally intact, with bulls defending the lower boundary of its current range. The lack of panic-selling at these levels suggests growing confidence in ETH’s long-term trajectory, even as macroeconomic pressures — including tighter liquidity and geopolitical uncertainty — continue to weigh on sentiment.


Top analyst Ted Pillows recently shared a technical update highlighting that ETH is still trading within a well-defined range. According to his view, Ethereum’s ability to consolidate without losing critical support is a sign of underlying strength. A breakout above the range high could triggerrenewed momentum toward the $2,800–$3,000 region, while a breakdown below $2,500 would invalidate the current setup. Ethereum Approaches Pivotal Zone Amid Uncertainty


The crypto market has been navigating a volatile environment, and Ethereum is no exception. However, despite the turbulence, ETH has managed to maintain its footing above $2,500 — a key support level that continues to act as a buffer against deeper downside. With Bitcoin holding strong and altcoins preparing for potential breakout moves, the coming weeks could be decisive for Ethereum’s next major trend.


ETH currently trades 48% below its all-time high, but price action suggests that bulls are building momentum. Ethereum has absorbed recent volatility well, even as broader market sentiment remains shaken by rising geopolitical tensions, most notably, the growing conflict between Elon Musk and US President Donald Trump. While these headlines have added uncertainty, Ethereum’s ability to stay range-bound reflects growing confidence among investors.


Pillows notes that Ethereum is still trading within a well-defined range, and the structure remains intact. According to his analysis, reclaiming the $2,800 level would be a key breakout trigger, potentially opening the door for a fast rally to $4,000. Until then, ETH remains in consolidation mode — but with Bitcoin showing leadership and the market entering a pivotal phase, Ethereum could be on the verge of catching up. Ethereum consolidates in a range | Source: Ted Pillows on X


If bulls can maintain control and push through resistance, ETH could finally break out of its range and reenter a bullish price discovery phase. But if resistance holds, traders may see another leg of consolidation. Either way, Ethereum is entering a key window where market direction will likely be defined, and how ETH behaves around the $2,800 mark could determine the altcoin outlook for the rest of the summer. Related Reading Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally 2 days ago ETH Weekly Chart Shows Momentum Building Near Resistance


Ethereum is holding steady near $2,500 as seen on the weekly chart, showing promising signs of strength despite recent market-wide volatility. After bouncing sharply from sub-$1,800 levels in May, ETH is now consolidating just below the $2,707 resistance — the 50-week simple moving average (SMA). This level coincides with the upper boundary of the current range and remains the key line bulls need to reclaim to unlock further upside. ETH testing key weekly levels | Source:ETHUSDT chart on TradingView


ETH is currently trading above its 34-week EMA ($2,501) and the 200-week SMA ($2,450), both of which are acting as dynamic support. Holding these levels reinforces the idea that buyers are stepping in on dips, providing a strong base for potential continuation. However, the price is still capped by the 100-week SMA at $2,610, making the $2,700–$2,800 region a critical resistance zone. Related Reading Ethereum Holds Key Range Support After Pullback – Bulls Eye $3,000 Level 1 day ago


A weekly close above this cluster of moving averages could trigger a breakout and pave the way toward $3,000 and beyond. Volume has remained elevated during this consolidation, suggesting sustained interest from both traders and investors.


Featured image from Dall-E, chart from TradingView

News Feed

Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union
Bitcoin History Part 22: The New Wealthy Elite
Bitcoin History Part 22: The New Wealthy Elite “I am pretty confident we are the new wealthy elite, gentlemen, even with a sum as small as 10 bitcoins … The world ju
‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services
"Bitcoin"s No Longer Optional" — What Investors Say About Paypal Launching Crypto Services Paypal launching cryptocurrency services has given crypto investors
Brayden Lindrea8 hours agoBalancer blames ‘social engineering attack’ on DNS provider for website hijackBlockchain security firms SlowMist and CertiK also believe the crypto wallet drainer, Angel Drainer, was involve
FTX and CFTC agree to $12.7B settlement, subject to court approval
Brayden Lindrea1 hour agoFTX and CFTC agree to $12.7B settlement, subject to court approvalThe US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back F
Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’
Philippine Authorities Rescue Alleged Victims of "Crypto Trafficking Ring" Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ringR
First leveraged MicroStrategy ETF launches in US
Zoltan Vardai12 hours agoFirst leveraged MicroStrategy ETF launches in USThe ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings.2721 Total views
ADALend: New Wave of DeFi Loans on Cardano
ADALend: New Wave of DeFi Loans on Cardano sponsored ADALend is building a scalable and decentralized lending protocol on Cardano, governed by the community. Cardano is the market l
Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them
Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utili
Economist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’
Economist Peter Schiff Warns the Fed Could Be Fighting "Complete Economic Collapse" Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the
Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist
Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not ExistWirecard chief executive officer quit as the crypto card payments firm revealed that the €1.9
India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’
India Highlights Need for "Common Approach to Regulating Crypto Ecosystem" India’s Finance Ministry has highlighted the necessity for “a common approach to regulating t