Ethereum is trading near $2,317, with the $2,500 level in sight. Analysts Javon Marks and Ted Pillows offer contrasting views on the next move, as the market watches the $2,300 support and the $2,400–$2,500 resistance zone.
Javon Marks: Bullish Accumulation, Targets Above $5,000
Javon Marks describes the current phase as a long-term bullish accumulation. He sees multiple bullish signals, with price targets of $5,000, $8,500, and above $12,000. His outlook is based on a potential breakout from the current structure, not short-term moves.
Ted Pillows: Short-term Sideways, $2,300 Is the Line
Ted Pillows flags near-term uncertainty. He notes Ethereum is moving sideways under macro pressure. A reclaim of $2,400 could lead to the $2,470–$2,500 liquidity zone. But losing $2,300 might trigger a fast drop toward $2,150–$2,200.
Technicals: Moving Averages Offer Support, Resistance Holds Firm
After sliding from above $4,000 in late October to near $1,900 in early February, Ethereum stabilized and formed higher lows through March and April. It now sits above the MA50 at $2,307 and the MA200 at $2,207, a short-term bullish structure. However, the $2,400–$2,500 range remains a stiff barrier. A breakout could open the path to $2,700 and $3,000.
If the bulls fail to break through, a retreat to $2,200 and possibly $2,000 may follow. Volume remains subdued, signaling indecision.