Apr 23, 2026 upd. 7 Jun

Ethereum retests $2,450 resistance, SuperTrend signals path to $2,900

2 min

ETH retests $2,400–$2,450 for the third time. Bulls eye $2,900; bears warn of a fakeout.

Ethereum (ETH) jumped 3.6% on Wednesday to the $2,400–$2,450 band, its third test this month. Price sits near the weekly 200 MA at $2,450, a key pivot for trend confirmation (NewsBTC).

ETH has traded between $1,800 and $2,450 since the early February crash. It’s up 15% from April lows and holding the upper half of the range for the first time in three months (NewsBTC).

A three-month high at $2,464 printed Friday, with $2,425 tested today. Recent volatility followed US–Iran tensions (NewsBTC).

Breakout case: Crypto Rand says reclaiming and consolidating above $2,400–$2,500 would “trigger a major bullish reversal” (X post).
Trend gauges: Daan Crypto Trades notes proximity to the bull market band and the weekly 200 MA at $2,450. A weekly close back above a level lost in mid-January could open a retest of the weekly 200 EMA near $2,560 (X post).
Fakeout risk: Ted Pillows flags “stagnant” spot demand. He warns of a liquidity grab above $2,400–$2,450, similar to January 2026 when ETH retested $3,400 before dropping (X post).
SuperTrend flip: Ali Martinez reports ETH’s SuperTrend flipped bullish for the first time in over a year, issuing its first Buy since H1 2025. Clearing $2,385 would open a path toward $2,900 and confirm continuation from a 3‑month ascending triangle (NewsBTC, X post).
Macro channel: Trader Tardigrade sees ETH back inside a 2‑year ascending channel after a successful weekly retest of its lower boundary. If it holds, he targets $6,000 by mid‑2026 (X post).