- Ethereum price stayed above $2,300 despite fresh ETF outflows
- Analysts see $2,400 as the next major breakout level for ETH
- Long-term projections place Ethereum targets as high as $24,000
Ethereum price remained in positive territory despite renewed pressure from institutional investors. ETH traded near $2,330 at press time, posting a modest daily gain even after U.S. Spot Ethereum ETFs recorded $103.6 million in net outflows. Traders are now watching whether the Ethereum price can reclaim the key $2,400 resistance level to extend the current recovery trend.
Analysts continue to outline ambitious long-term targets for ETH. Market commentator Celal Kucuker identified the $1,760 to $1,800 region as a major support zone. He also pointed to $4,800 as the first major breakout level if bullish momentum strengthens during the next cycle.
Ethereum Price Holds Above Key Support Amid Volatility
The recent Ethereum price recovery comes despite fading ETF inflows and cautious market sentiment. According to analyst Ted Pillows, maintaining support above $2,300 remains critical for buyers. A failure to hold this level could expose ETH to another correction toward the $2,100 zone.
Technical traders are closely tracking short-term resistance near $2,400. This level has become a decisive barrier after several recent rejection attempts. A clean breakout above it could strengthen bullish sentiment across the broader altcoin market.
Ethereum Price Long-Term Targets Reach as High as $24000
Beyond short-term price action, some analysts remain optimistic about Ethereum’s long-term cycle potential. Celal Kucuker described the current market structure as a realistic bullish scenario rather than speculation. His projected roadmap includes major levels at $6,000, $13,000, and eventually $24,000 during an extended cycle rally.
The $6,000 area is viewed as both a psychological and technical transition point. Analysts believe reclaiming higher resistance zones could attract stronger institutional participation over time.
However, market conditions remain volatile. ETF outflows continue to reflect cautious investor behavior, even as ETH attempts to stabilize above support. Traders are therefore focusing on confirmation signals before positioning for another large move higher.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
