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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Ethereum Price Eyes Major Resistance At $2,100 As Analyst Reveals Bullish Price Range

Scott Matherson
Scott Matherson
4 months ago
3 mins read
Ethereum

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Crypto analyst Ben Gray has asserted that the Ethereum price is bullish and revealed the price range that the leading altcoin is targeting. However, ETH is set to face major resistance at $2,100, a level which it needs to break out from as it targets new highs. 

Ethereum Price Faces Major Resistance At $2,100

In a TradingView post, Ben Gray revealed that the Ethereum price is facing a key resistance level at $2,160 even as it eyes a rally to new highs. Despite this development, the analyst asserted that ETH’s market is bullish. While noting that the leading altcoin is fluctuating between $2,044 and $2,080, he remarked that there are signs that Ethereum initially formed a bottom. 

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Based on his analysis of the 4-hour candlestick chart, Gray stated that the Ethereum price is attempting to break through upwards, with the key resistance level at $2,160. He further showed his optimism for ETH in 2025 by stating that the expected range is between $2,904 and $4,887, although that puts the altcoin below its current all-time high (ATH). 

Ethereum
ETH major resistance at $2,100 | Souce: Ben Gray on Tradingview

Meanwhile, the crypto analyst mentioned that the Ethereum price has shown a strong and positive performance this week. Going forward, he stated that the key focus should be on whether ETH can break through the resistance level of $2,160, which would play a key role in determining the altcoin’s trajectory in the short and mid-term. 

Crypto analyst Ali Martinez also recently highlighted the $2,300 level as another resistance level to watch out for the Ethereum price. He noted that with ETH reclaiming $2,040, the next key hurdle is this $2,300 level, where the pricing bands suggest strong resistance. 

Why ETH Has Bottomed

In an X post, crypto analyst Titan of Crypto stated that the Ethereum price is showing signs of bottoming. He revealed that the weekly Stochastic RSI bullish crossover is in oversold territory, a development that has often signaled market bottoms for ETH. His accompanying chart showed that the leading altcoin could rally to as high as $6,000 as it records a bullish reversal. 

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Crypto analyst Crypto Caesar also stated that the Ethereum price is currently bottoming out and that ETH is “heavily undervalued.” He added that in every bull cycle, there is always a moment when most market participants think that the altcoin will never recover after a big bearish event. However, Ethereum always recovers and ends up making new highs. As such, the analyst believes this time won’t be different, and ETH is ready to stage a bullish reversal. 

At the time of writing, the Ethereum price is trading at around $2,022, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $2,025 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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