Ethereum Struggles to Recover as Failed Breakout Puts Bulls Back to Square One

Ethereum is currently trading below the $2,200 mark and has been pushed back into the consolidation zone it has been respecting for the past several weeks. As covered in our previous analysis, the broader trend for ETH remains bearish with no significant changes on the macro charts and the risk of further downside still very much on the table. There was a brief moment of optimism last week when Ethereum managed to break above the $2,200 resistance level, but that move was largely driven by Bitcoin playing out a bullish divergence and finding some short-term relief rather than any real strength from ETH itself. As that momentum faded, both assets have drifted back into the same price zones they have been stuck in since the major correction in February. Let us take a closer look at the latest ETH charts to see where price could be headed from here.

Our Ethereum Price Prediction Summary

• Ethereum's breakout above $2,150 to $2,250 failed to hold, pushing price back into the same consolidation range from before.
• The $2,200 level that held as support during the 2024 bearish phase has now flipped into resistance, confirming the breakdown.
• With no signs of a trend reversal on any timeframe, a deeper correction toward the $1,500 support zone remains a likely outcome.

Analyzing the Charts

Bulls Struggle to Reclaim Key Resistance

Looking at the 4-hour chart, Ethereum managed to break above the $2,150 to $2,250 resistance zone last week but the momentum faded within a couple of days and price slipped back below it, leaving ETH right back where it started. With bulls now retesting this zone from below, the pressure is building and sellers have already shown they are comfortable defending this area. A rejection here in the short term would likely send price back down to retest the $1,800 support level, which remains the key floor for Ethereum at this stage. On the other hand, if bulls can hold their ground and push above resistance, the first level to watch would be $2,400, where price already struggled last week. A clean break above that mark would be a more meaningful signal for a short-term relief rally, with $2,750 emerging as the next major target. That said, given the lack of momentum and the broader market conditions, the resistance zone looks more likely to hold here than not.

Daily Chart Tells the Same Story

Switching to the daily timeframe, the picture is not much different from what we saw on the 4-hour chart. Bulls managed to break above the $2,150 to $2,250 resistance zone but failed to flip it into support, and price has since fallen back into the consolidation range that Ethereum was trading in prior to that breakout. The macro trend on the daily chart remains unchanged, with price still unable to print a higher high and continuing to grind sideways before eventually rolling over. This has been the recurring pattern on the daily chart since the October correction last year, and until bulls can decisively break out of this structure, there is not much reason to expect anything different. A retest of the $1,800 floor is looking increasingly likely if price continues to struggle at current levels.

Weekly Structure Points to More Downside

Switching to the weekly timeframe, the most significant development remains what was highlighted in our last analysis, which is that Ethereum has broken below the $2,200 level that served as a key floor during the bearish phase of 2024. With multiple weekly candles now closing below this zone, the break is confirmed and that former support has now flipped into resistance, which is exactly what ETH is pushing up against right now. This suggests the correction may not be over and that lower prices are still on the cards in the weeks ahead. The next major level to watch on the downside is $1,500, the same zone that held as the bottom during the last bear cycle and an area where we would expect buyers to show up with more conviction. Until something changes on this timeframe, our Ethereum price prediction continues to lean on the bearish side.

Final Takeaway: What is Next for Ethereum?

Ethereum is back in familiar territory after a brief breakout that ultimately failed to hold, and the broader picture continues to favor the bears. The $2,150 to $2,250 zone has proven to be a stubborn resistance area and with price struggling to reclaim it, the odds of a deeper correction toward $1,500 are growing. There are no clear signs of a trend reversal on any timeframe at this point and until bulls can put together a more convincing case, the bearish outlook for ETH remains intact.