TLDR:
- ETH faces dense resistance at $2,850, where buy-side liquidity is accumulating.
- Analysts say a breakout above $2,850 could trigger rapid upside driven by buy stops.
- ETH holds support near $2,410, with deeper support zones at $2,233 and $2,111.
- Momentum cools, but structure remains bullish as price consolidates below key resistance.
Ethereum remains locked in a consolidation range, with traders eyeing the $2,850 mark as a potential breakout trigger.Â
Despite a recent attempt to reclaim $2,700, the move lacked strength and failed to gain traction. Market observers suggest that the real test lies higher, as buy-side liquidity continues to accumulate.Â
While ETH trades sideways, analysts believe the pressure is building for a larger move. Until then, price remains range-bound, with dips offering possible re-entry points for buyers.
ETH Price Faces Key Resistance at $2,850
Ethereum briefly climbed above the $2,700 level before quickly pulling back, signaling weak buying momentum at that zone.Â
Market analyst Michaël van de Poppe noted this move lacked structural importance, pointing instead to the $2,850 range as critical resistance. His chart shows a dense supply zone at that level, where seller interest remains high.
$ETH did break through $2,700 and failed immediately.
The thing is, that’s not the crucial level.
The second thing is, it’s still building up for a big breakout.When does that happen?
Above $2,850 is where the liquidity is and the longer it takes for a breakout to happen, the… pic.twitter.com/nbe2S5FUxs
— Michaël van de Poppe (@CryptoMichNL) May 30, 2025
Van de Poppe explained that liquidity above $2,850 could spark a larger rally once breached. The longer ETH consolidates below this resistance, the more powerful the eventual breakout could become.Â
The area holds clustered buy stops, which may fuel a sharp upward move when triggered.
ETH is currently trading near $2,593, following a 1.85% decline in the past 24 hours, per CoinGecko. It has posted a modest 0.59% gain over the last seven days, remaining range-bound.
The chart from van de Poppe marks $2,410 as an initial support zone. Below that, $2,233 and $2,111 serve as higher-timeframe support levels with historical demand. These zones could attract buyers if ETH retraces before any breakout attempt.
Momentum Building Despite Consolidation
Ethereum has held key levels after a strong move in April and May.
Van de Poppe highlighted that ETH retested the order block at the 0.023 BTC ratio and maintained its footing. He suggests these stability points to a continued bullish structure as ETH prepares to revisit recent highs.Â
$ETH has seen a strong upwards move in April and May,
It has also retested the OB at 0.023 and has held there.
This means that we’re about to test the highs and continue the run. pic.twitter.com/Q2OwnKVflZ
— Michaël van de Poppe (@CryptoMichNL) May 30, 2025
Although momentum has cooled, traders remain watchful. With liquidity gathering above $2,850, any break beyond that point could ignite renewed price strength. Until then, ETH remains in a holding pattern, building pressure just beneath a major resistance line.
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The post Why Ethereum (ETH) Price Could Explode Higher Once This Resistance Falls appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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