Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

14/04/2026

‘This Is Our Last Chance’

14/04/2026

$APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

14/04/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Activity Hits All-Time High With 1.3M Transactions

    13/04/2026

    Ethereum Leads Capital Rotation as It Outperforms Bitcoin

    13/04/2026

    Ethereum Staking Hits All-Time High at $85B

    13/04/2026

    Ethereum Network Activity Hits New ATH

    13/04/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Bitcoin, Ethereum, and Arbitrum Lead Top NFT Sales of Week

    13/04/2026

    CZ skips NFTs, chooses Amazon for book launch

    09/04/2026

    Modern Lion Joint Venture Faces Liquidation

    06/04/2026

    NFT Debate Deepens as Experts Clash on Market’s Future

    06/04/2026

    Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

    14/04/2026

    ‘This Is Our Last Chance’

    14/04/2026

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

    14/04/2026
  • Blockchain

    Scroll Users Paid $50K in Excess Fees After Team Cranked L1 Fees by 1,280x

    13/04/2026

    Integrating Monero, Bittensor, and Zcash Mainnets for Enhanced Cross-Chain Liquidity

    13/04/2026

    Mantle Launches Revolutionary Tokenized Stock Trading Through xStocks Platform

    13/04/2026

    Securitize Expands to TRON, Unlocking New Era for Tokenized Securities

    13/04/2026

    MemoLabs Teams Up with BAISHI to Advance User-Owned Data Economy in Gaming

    13/04/2026
  • DeFi

    Aave DAO approves $25M funding grant, token allocation for Aave Labs

    13/04/2026

    WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim

    13/04/2026

    THORChain Interface Records over 1B Swap Volume with Zero-Fee Model Shaking the DEX Landscape

    13/04/2026

    DeFi’s shakeout is a stress test, not a death sentence

    13/04/2026

    IceCreamSwap Steps In to Protect $ICE Price After $CORE Dip

    13/04/2026
  • Metaverse

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026

    Land values capitulate as $24M metaverse plot collapses to just $9,000

    20/03/2026

    Meta to shutter Horizon Worlds metaverse on VR in favor of mobile

    18/03/2026
  • Regulation

    Powell’s comments on oil, inflation are likely to guide bitcoin traders

    12/04/2026

    Bitcoin quickly pulls back to $72,300 as Iran fears team up with poor U.S. inflation data

    11/04/2026

    US National Debt Surpasses $39 Trillion Amid Fiscal Concerns

    11/04/2026

    Bank of Korea adds two banks to digital won trials as real-world testing begins

    11/04/2026

    “PPI and the Fed!” When Will the Interest Rate Decision Be Announced? Here Are the Expectations

    11/04/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Solflare Partners with Snowdrop Solutions to Bring Merchant Enrichment to Solflare Card

    13/04/2026

    Jupiter Launches Token Verification API for Launchpads, Agents

    13/04/2026

    Uniswap and PancakeSwap Lead the Pack of Top DEXEs by Weekly Volume

    13/04/2026

    CZ says SBF asked for billions ‘like a Bologna sandwich’ as FTX collapsed

    13/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Venom Foundation Unveils New Framework for Sustainable and Ethical Web3 Gaming

    14/04/2026

    Top 8 NFT games of April 2026

    12/04/2026

    NFT game studio boss says not paying staff ‘works for company cash flow’

    09/04/2026

    Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate

    14/04/2026

    Bitcoin mining and AI may be on opposite decentralization paths: Reseacher

    13/04/2026

    Bitcoin miners face a tougher road to the 2028 halving

    13/04/2026

    A Strategic Shift in Bitcoin Mining Economics

    11/04/2026

    Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

    14/04/2026

    ‘This Is Our Last Chance’

    14/04/2026

    Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

    14/04/2026

    XRP CLARITY Act Vote in Focus as XRP Holds $1.34 and Senate Returns April 13

    14/04/2026

    Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

    14/04/2026

    ‘This Is Our Last Chance’

    14/04/2026

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

    14/04/2026
  • MarketCap
NBTC News
Home»Ethereum»Ethereum (ETH) Price Battles at Support – Will $2,400 Hold?
Ethereum

Ethereum (ETH) Price Battles at Support – Will $2,400 Hold?

NBTCBy NBTC01/03/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Ethereum (ETH) price fell this week but trades above an important horizontal support area.

Despite the decrease, ETH still trades inside a short-term bullish pattern. Will it break out?

Ethereum (ETH) Falls After Rejection

The ETH price has increased inside an ascending parallel channel since October 2023. The upward movement led to a high of $2,717 on January 12.

While this seemed to cause a breakout from the channel, ETH fell shortly afterward, validating it as resistance (red icon) and creating a bearish candlestick.

Ethereum has fallen since and is approaching an important horizontal support area.

ETH/USDT Daily Chart. Source: TradingView

The RSI is a momentum indicator traders use to evaluate whether a market is overbought or oversold and whether to accumulate or sell an asset.

Readings above 50 and an upward trend suggest that bulls still have an advantage, while readings below 50 indicate the opposite. The daily RSI gives a mixed reading. While the indicator is falling, it is still above 50.

What do analysts Say?

Cryptocurrency analysts and traders on X are divided on the future trend.

Crypto Tony noted the importance of the $2,400 level, suggesting that whether it holds or falls can determine the future trend.

ETH/USDT Daily Chart. Source: X

IncomeSharks is bullish because he anticipates an OBV breakout. However, CrediBULL Crypto is still bearish. He tweeted:

Looks like the bearish scenario on $ETH has played out, would have been a beautiful short if I hadn’t closed but it is what it is! As per my last tweet think we have a bit lower to finish cleaning up these lows and then I think R/R will shift in favor of longs.

ETH Price Prediction: Bounce Incoming?

Unlike the daily chart, the six-hour one shows that ETH has traded inside a descending wedge since the aforementioned high. The descending wedge is considered a bullish pattern, which usually leads to breakouts.

Today, ETH bounced at the wedge’s support trend line (green icon), which coincides with the 0.5 Fib retracement support level.

Despite the bounce, the RSI is still below 50, failing to confirm the possibility of a reversal.

If ETH breaks out, it can reach the channel’s resistance trend line at $2,700, an increase of 9% from the current price.

ETH/USDT Six-Hour Chart. Source: TradingView

Despite this bullish ETH price prediction, closing below the wedge’s support line at $2,410 can trigger an 8% drop to the channel’s support trend line at $2,300.

For BeInCrypto‘s latest crypto market analysis, click here.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Ethereum Activity Hits All-Time High With 1.3M Transactions

13/04/2026

Ethereum Leads Capital Rotation as It Outperforms Bitcoin

13/04/2026

Ethereum Staking Hits All-Time High at $85B

13/04/2026

Ethereum Network Activity Hits New ATH

13/04/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

14/04/2026

‘This Is Our Last Chance’

14/04/2026

$APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

14/04/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.