Ethereum (ETH) was trading just above the $2,000 mark at the time of writing. During the market-wide rally in recent days, Ethereum prices climbed as high as $2,200 before retreating.
Increased demand from US-based investors, reflected in Coinbase Premium, indicates regular spot purchases. A rising liquidity ratio on Binance indicates aggressive repositioning and speculative churn.
A $12.5 million ETH withdrawal by whale wallets signaled conviction among the market’s largest players. A positive Coinbase premium as prices hold above key supports would signal that Ethereum’s rally was sustainable.
Ethereum price prediction is optimistic at the moment
Source: ETH/USDT on TradingView
ETH’s 1-day structure was firmly bearish. The $2,143 level was highlighted as the pivotal resistance level. It has been challenged several times over the past month, but no daily session closed above this level has yet occurred.
Additionally, OBV maintained its downtrend even as the leading altcoin challenged the $2,143 resistance. Although the RSI managed to rise above the neutral level of 50, the lack of buying pressure could be a setback.
Despite this, Ethereum price predictions are optimistic in the short term. This is based on price action indices. The first clue comes from the downward move from $3,405 to $1,742 in 2026.
Such a strong move will likely result in a retracement. On the downside, major imbalances (white box) held at $2,600 and $2,900. These levels are close to the Fibonacci retracement levels of the swing move, making them retracement targets.
Can ETH Prices Rebound Next Week?
Source: ETH/USDT on TradingView
A gathering does not need to start immediately. The 4-hour chart showed a bullish structure as previous highs were breached (orange). The rejection at $2,200 means a retracement is expected.
This drop may go as high as $1,913. Traders should consider the $1,900-$2,000 range as a buying zone. A bullish reaction from this golden pocket is the Ethereum price prediction in the short term.
Final summary
- The Ethereum price prediction is bullish, with a possible rise up to $2,900 in the coming weeks.
- Over the next few days, a price decline towards $1,900 is likely, but ETH traders may be wary of buying opportunities in this area.
Disclaimer: The information presented does not constitute financial, investment, business or other advice and represents the opinion of the author only.
