Ethereum price: Key support at $2,370 comes into focus

Ethereum is testing a crucial support zone where the 100-day EMA meets the lower boundary of its trading range. If buyers defend the $2,370 area, a recovery within the rectangle remains possible. An eventual upside breakout could open the door towards $3,280.

Ethereum technical analysis: Buyers need to defend support

Following a double bottom near $1,515 in June, Ether (USD) reclaimed its 100-day exponential moving average (EMA). A strong August advance from approximately $1,900 to above $2,300 subsequently cleared the resistance levels established in April.

Since then, ETH has consolidated between $2,357 and $2,813. This sideways phase can be interpreted as a potentially bullish rectangle within the recovery trend.

The repeatedly defended lower boundary now coincides with the 100-day EMA. During today’s test, the developing lower wick suggests buying interest. However, the daily candle has yet to close. The RSI is also testing the closely watched 48.5 threshold. Stabilisation above this level would support the recovery scenario.

Ethereum daily chart – Rectangle pattern and 100-day EMA in focus

Ethereum outlook: Breakout could unlock a $3,280 target

While support holds, a recovery towards the rectangle’s upper boundary at $2,808–$2,813 remains possible. A confirmed breakout above this resistance zone would provide a bullish continuation signal.

Projecting the rectangle’s height above the breakout level produces a measured target of approximately $3,270, placing the broader target zone at $3,270–$3,280, close to the December 2025 highs.

A sustained break below $2,357, however, would undermine the bullish setup and bring the previous base around $1,900–$2,000 back into focus.

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