Ether Retreats From $2.8K as $2.5K Level Becomes Key to Bullish Structure
Ether is consolidating near $2.64K after reversing from $2.8K, with resistance at $2.6K-$2.7K and initial support at $2.4K-$2.5K.
Ether (ETH) is consolidating near $2.64K after reversing from $2.8K, putting the $2.6K-$2.7K range at the center of the market structure and $2.5K as a key level for the bullish setup.
ETH recovered from the $1.5K area and pushed through the $2K-$2.1K area, improving the broader trend. Momentum weakened after the latest rejection near $2.8K, leaving the asset inside a resistance zone that has yet to produce a sustained breakout.
A daily close above $2.6K-$2.7K would reinforce the recent breakout structure and place the $3K region as the next resistance. On the downside, the first support area is $2.4K-$2.5K, where recent consolidation developed.
A deeper decline could bring ETH toward $2.1K, near the 100-day and 200-day moving averages. Those averages are nearing a potential bullish crossover, making the area an important test for the broader structure.
The four-hour chart shows ETH rising from about $2.4K before reaching the $2.8K area and pulling back toward the resistance range. A move above $2.7K would bring the recent $2.8K highs back into focus.
Continued rejection could push ETH toward the bullish order block around $2.45K. A break below that level would expose the next chart area near $2.25K.
The four-hour relative strength index has fallen below 50 after reaching overbought levels. That signals weaker short-term momentum but does not confirm a broader trend reversal. The bullish structure would remain intact if ETH stabilizes above $2.5K.
Ethereum’s exchange supply ratio has also declined, falling from roughly 0.18 in early 2025 to about 0.123. The metric measures the share of circulating ETH held on exchanges, so the decline indicates that a smaller portion of the available supply is held in exchange wallets.
A lower exchange supply ratio can mean less ETH is immediately available on exchanges for potential selling, but the metric alone does not establish that prices must rise. The rejection near $2.8K shows resistance remains relevant, and extending the recovery would require sufficient demand.
