Ethereum Price Surges 9% to $2,417 on Bullish Reversal

Ethereum (ETH) has shown a significant rebound in its price, rising from the $2,200 zone to trade near $2,417. This recovery is attributed to a bounce from the Bull Market Support Band and the reclaiming of the long-term trendline, as buyers re-entered near oversold levels. The current structure indicates early signs of bullish intent, but Ethereum still faces considerable resistance from moving average clusters and dynamic volatility bands.

The Ethereum price action over the past two sessions reflects a swift reversal from the $2,200 area, where the price intersected the Bull Market Support Band and bounced from the weekly trendline. The daily chart shows ETH reclaiming its long-term diagonal trend support just above $2,205, with the broader structure still leaning bullish as long as the price holds above this zone.

On the 4-hour chart, the price is now testing resistance from the EMA 20/50/100 cluster, between $2,343 and $2,478. The upper Bollinger Band sits near $2,493, forming a key confluence resistance. Meanwhile, the Donchian Channel upper bound aligns near $2,449, adding to the overhead barrier.

The current move higher in Ethereum price is supported by a cluster of bullish signals across multiple indicators. On the 30-minute chart, the RSI stands at 64.42, indicating strong momentum, although it is nearing overbought territory. MACD remains in bullish territory but is beginning to flatten, suggesting short-term caution.

The Supertrend indicator has flipped bullish again on the 4-hour chart, with trendline support positioned near $2,205. Directional momentum is improving. The DMI shows a rising +DI (26.88) while -DI remains elevated at 45.47, indicating that bulls are regaining strength but haven’t fully taken control yet.

Ichimoku Cloud readings also confirm improving sentiment, as ETH trades above the Tenkan-sen and Kijun-sen lines, with the Chikou Span attempting to rise past price structure. Stochastic RSI, Fisher, and Klinger Oscillator are all curving upward, supporting the probability of further upside if price maintains above $2,380.

Volatility is returning to the Ethereum chart. The Bollinger Band Width is expanding after a squeeze, which usually precedes strong directional movement. Ethereum is currently hovering just below the mid-band resistance, with the next breakout zone lying between $2,449 and $2,493.

The price is also re-entering the upper boundary of the Donchian Channel, reinforcing this region as a short-term decision point. On the daily chart, the price must clear the $2,437–$2,478 resistance zone with strong volume to trigger a larger move toward $2,600 and $2,745. Chaikin Money Flow (CMF) sits marginally positive at 0.04, hinting at weak but stabilizing inflows.

Should Ethereum face rejection from these bands, support levels to watch include $2,343 (EMA20), followed by the dynamic confluence around $2,281–$2,317, which includes prior consolidation and Bollinger base support.

The short-term trend for ETH has shifted bullish, but key tests lie immediately ahead. A clear breakout above $2,450 with volume support could lead to a measured move toward $2,600. Conversely, a rejection and retracement below $2,343 would suggest consolidation or a possible retest of $2,281 and $2,205 levels.

Ethereum price volatility is expanding, and the combination of higher lows and momentum recovery suggests upside potential remains intact — but price must clear multiple technical barriers for further continuation.