Ethereum is once again at a critical crossroads, trading near the lower boundary of a six-week range. As price action tightens and volume increases, the stage may be set for a decisive breakout—or breakdown. At CryptaBlocks, we explore the latest chart signals, support levels, and what ETH’s next move means for investors.

Ethereum Holds Range – But For How Long?

Since early May, Ethereum has formed a tight range between $2,360 and $2,700. Despite bearish macro pressure, ETH continues to attract buyers near the $2,400 demand zone. This resilience suggests accumulation rather than weakness, with a potential breakout looming.
According to internal analysis at CryptaBlocks, the structure reflects a healthy consolidation phase. If bulls can reclaim the $2,500–$2,550 resistance area, we could see a strong push toward $2,800 and beyond.

ETH Tests Support – A Breakdown or Bull Trap?

Ethereum recently dropped to $2,367 before bouncing to $2,405, highlighting once again the significance of the $2,360–$2,400 demand zone. A break below this level could expose ETH to a deeper correction toward $2,100.
However, Ethereum remains above the 50-day and 100-day moving averages, and with tightening price action under the 200-day MA, a high-volatility move is likely ahead. Trading volume remains elevated—showing buyers and sellers are in fierce competition.

ETH/BTC Ratio Signals Altseason Readiness

Another encouraging sign comes from the ETH/BTC chart, which is hovering near long-term support. If Ethereum begins to outperform Bitcoin again, it could signal renewed capital rotation into altcoins. ETH’s next move is critical—not just for itself, but for the broader crypto landscape.

Conclusion: Ethereum’s Inflection Point

Ethereum’s current structure suggests that a breakout is on the horizon. A successful reclaim of $2,500 could ignite momentum and potentially kick off the long-awaited altseason. Investors should closely monitor the $2,360 support and the $2,500 resistance, as these levels are likely to dictate ETH’s direction in the coming weeks.