TLDR:
- Ethereum has tested the $2,735 resistance four times without a breakout.
- Volatile price swings are shaking out both bulls and bears inside the range.
- Chart patterns show rising pressure, hinting at a possible breakout ahead.
- ETH’s current setup mirrors the 2017 rally but needs confirmation to advance.
Ethereum’s price remains trapped in a tight range, sparking caution among traders anticipating a decisive move. Despite growing interest, the crypto has failed to break above key resistance.
Price activity has turned volatile, sweeping both the upper and lower ends of the range without clear direction. As ETH continues to test critical levels, market participants grow wary of potential traps.
Analysts caution that until a breakout occurs, short-term trades may carry higher risk.
Ethereum Price Range Creates Uncertainty
ETH has been trading between $2,475 and $2,735 for several weeks. This well-defined range has become a focal point for traders, with multiple attempts to break either boundary.
According to analysis by Daan Crypto Trades, Ethereum has now tested the range high at $2,735 for the fourth time.
The price has moved sharply within this range, often triggering both bullish and bearish expectations before reversing. These repeated movements have caused confusion among traders attempting to predict the next direction.
$ETH Still rangebound between ~$2475-$2735.
Price has swept the highs and the lows now and has retested the range high for the 4th time now.
Eventually this range breakout will lead to a large move but until we get that breakout, it is usually wise to not get too excited in… pic.twitter.com/3Nuon8zaId
— Daan Crypto Trades (@DaanCrypto) June 10, 2025
Daan noted that until a breakout occurs, it is safer not to commit too strongly to either side.
Breakout Setup Builds With Strong Momentum
Although the range persists, technical patterns show rising tension.
A yellow trendline visible on Ethereum’s chart indicates a slight upward bias. This suggests that if ETH manages to close above $2,735, it could ignite upward momentum.
Daan emphasized that a breakout beyond the current range would likely lead to a large price movement. Traders are now watching closely for confirmation. However, without a clear move, ETH is expected to remain volatile within the zone, leaving many stuck in false signals.
Market comparisons have surfaced, with Merlijn The Trader drawing parallels to Ethereum’s 2017 price action. He pointed out that ETH’s current setup mirrors the same technical pattern seen before its major rally in 2017.
$ETH IS COPYING 2017… BAR FOR BAR
2017: Breakout after reclaiming the 50 MA
2025: Same setup. Same level. Same tension.Only difference?
2025 has a bigger engine, more fuel… and no brakes. pic.twitter.com/20mbJFW4hA— Merlijn The Trader (@MerlijnTrader) June 9, 2025
In both cases, the price reclaimed its 50-day moving average before breaking out. He added that the 2025 setup carries stronger market fundamentals, suggesting greater potential.
This comparison has fueled speculative sentiment but has yet to materialize into a sustained breakout.
Ethereum Price Inches Higher, Still Rangebound
At press time, Ethereum trades at $2,682.71, reflecting a 7.48% gain in 24 hours. Weekly gains have reached 2.90% amid rising trading volume above $27 billion, according to CoinGecko.
Despite short-term strength, ETH remains under its resistance at $2,735. Unless the range breaks, traders may continue to face high volatility and low conviction moves.
