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ETH to $2,900? Ethereum Price Chart Signals Key Structural Shift
TL;DR
Ethereum has broken through the $2,385 resistance level, signaling a potential rise to $2,900. Analysts suggest that maintaining this level could indicate a bullish trend continuation.
Key points
- Ethereum cleared the $2,385 resistance level
- Potential price target is $2,900
- Recent high was $2,466 on April 17, 2026
- Record 200.4 million transactions processed in Q1 2026
- Ethereum remains over 50% below its August 2025 peak
Ethereum, the second largest cryptocurrency by market capitalization, might be on the verge of a structural shift that might eye $2,900 if validated. According to Ali, Ethereum has officially cleared the X-axis of its ascending triangle, breaking through the critical $2,385 resistance level. This opens the path to $2,900, the analyst added.
Ethereum $ETH opens the path to $2,900!
Ethereum has officially cleared the X-axis of its ascending triangle, breaking through the critical $2,385 resistance level.
This breakout is a significant structural shift. By flipping $2,385 into a support floor, ETH has neutralized the… pic.twitter.com/Pi0H5ypcts
— Ali Charts (@alicharts) April 17, 2026 Ali indicated that this price move represents a significant structural shift. The analyst indicated that Ethereum flipping the $2,385 into a support floor neutralizes recent sell signals and might suggest a major trend continuation. With the overhead supply cleared, Ali stated that the technical objective for this formation is now $2,900. As long as Ethereum holds above the breakout zone at $2,385, the advantage will continue to tilt toward bulls.
Ethereum short-term price action
Ethereum rose to a high of $2,466 on April 17, extending its recovery from a March 29 low of $1,937. ETH's price faced resistance at this level as sellers sought to halt the recovery. Bulls continued to press in and did not allow ETH's price to dip below $2,300. If ETH's price continues to hold above the highlighted $2,385 level, the recovery may extend to $2,900, then to $3,050. Such a move suggests that Ethereum may have bottomed out at $1,742. This bullish view will be invalidated in the near term if the price turns down sharply and breaks $2,300. That would suggest the recent rise might have been a bull trap. ETH could then decline to the $1,916 level.
Ethereum fundamentals remain
Q&A
What does Ethereum's breakout above $2,385 mean for its price?
The breakout above $2,385 indicates a structural shift that could lead Ethereum towards a target price of $2,900 if it maintains this support level.
What are the recent price movements of Ethereum leading up to April 2026?
Ethereum rose to a high of $2,466 on April 17, recovering from a low of $1,937 on March 29, while facing resistance but maintaining above $2,300.
How does Ethereum's transaction volume in Q1 2026 compare to previous periods?
Ethereum processed a record 200.4 million base-layer transactions in Q1 2026, indicating a significant recovery in network activity despite its price being over 50% below its August 2025 peak.
