Ethereum Struggles Near $2.5K, Awaits Breakout Above $2.8K

Ethereum's price has been fluctuating between $2,379 and $2,519, showing no strong directional trend. This price range has left traders uncertain about the next move, as the market lacks the momentum needed for a clear breakout. The $2.5K region has become a crucial pivot point, with resistance near the top of the range and a solid base just below it.

Analysts suggest that Ethereum may remain range-bound until a decisive breakout occurs. Market analyst Daan Crypto Trades described the current range as a choppy zone that could lead to losses if overtraded. He emphasized that the range lacks a clear direction and advised caution until stronger price action emerges. The continued resistance near the range high supports this sentiment.

According to Daan Crypto, the $2.8K mark holds the key to unlocking bullish momentum. A clean breakout above that level could trigger stronger movement in altcoins and suggest renewed strength in the broader crypto market. So far, Ethereum has failed to sustain upward pressure beyond the current range, confirming the need for patience. The technical chart reflects multiple failed attempts to break above $2,519.17. Without a strong catalyst, Ethereum may remain range-bound, leaving many traders on the sidelines. Analysts say a decisive move above $2.8K could be the sign investors are waiting for.

While Ethereum struggles near $2.5K, sentiment in the derivatives market reveals a growing number of short positions. Despite this pressure, ETH is holding up well. Rising short interest often signals bearish sentiment, but it can also set the stage for a short squeeze. If ETH reclaims higher levels quickly, it may lead to rapid liquidations and a sharp upward move. Until that scenario plays out, the market remains on edge.

For now, Ethereum remains locked in a narrow range with no clear breakout in sight. Technical levels at $2,519.17 and $2,379.68 remain key zones to monitor. A clean move above $2.8K could change the market dynamic, but until then, traders are urged to stay disciplined. Price action remains unpredictable, and the next breakout could set the tone for the broader crypto space.