Ethereum climbed as high as $2,317 on the two-day chart, yet selling pressure around $2,400 continues to cap the rebound. According to data cited from CryptoAppsy, ETH was hovering near $2,317 at the time referenced in the source. Analysts said a clean move through that resistance could open the door to $2,624, with the broader supply zone near $2,780 also coming into view.
$2,200 remains the key level on the downside
Buying interest is still limited, and that has made $2,200 the most important support area in the current structure. If Ethereum falls below that threshold, the market may begin searching for a lower base and could revisit the earlier recovery region near $1,800. The range is tight. For now, ETH is effectively trapped between $2,200 and $2,400, and any bounce from the lower end of that band could send price back to test resistance once again.
Still, a brief rebound would not be enough on its own. The source notes that stronger buyer participation is needed for Ethereum to push through the ceiling and hold higher levels; without that, the range-bound pattern may stay intact.
Weekly chart still shows weak momentum
On the weekly close, Ethereum was last seen near $2,309, but it failed to secure a decisive break above major moving averages or support zones. The weekly 200-day moving averages, sitting in the $2,430 to $2,460 corridor, have again become an area where investors are choosing to sell into strength.
The source adds that although Ethereum recovered from the $1,800 area, it has run into a clearly defined resistance band between $2,400 and $2,500. That zone has acted as a pressure point since last year and remains central to any attempt by ETH to extend gains. Without a clear upward move through that region, the broader market outlook stays weak.
Weekly closes are under close watch
Because these levels have been tested several times without much progress, traders are watching weekly closes for evidence of a breakout. Buying activity remains muted, sellers still dominate the tape, and that leaves room for continued volatility in the near term. For Ethereum, the technical question is straightforward: whether the market can finally clear $2,400 to $2,500 with conviction.