Ether Holds Near $2,500 as Traders Watch Support Around $2,400

Ether (ETH) is consolidating near $2,500 after two rebounds from support around $2,400, while resistance below $2,600 continues to limit signs of a stronger recovery.

On the daily chart, Ether remains within a broader ascending channel. Its retreat from about $2,800 brought it into a demand zone between $2,360 and $2,460, which overlaps the channel’s rising lower boundary. A sustained break below both would weaken the recovery structure and put $2,300 and $2,200 in view as lower technical levels.

In the near term, ETH is trading around $2,500 to $2,530. A drop below $2,480 would bring the $2,460 area into focus, followed by the rising trendline near $2,410. The recent rebounds have not cleared the previous high near $2,580.

Overhead resistance lies between $2,560 and $2,580. Above that, supply zones sit around $2,680 to $2,740 and $2,790 to $3,050. The broader daily chart also marks resistance between $2,670 and $2,750.

Estimated liquidation concentrations are clustered above and below the current price. Bands sit near $2,580 to $2,600, $2,630 to $2,650 and $2,740 to $2,800 above ETH, and near $2,470 to $2,490 and $2,370 to $2,400 below it. Moves through these areas could add volatility, but the levels alone do not confirm a lasting trend reversal.