- Ethereum price trades near $2,460 as it tests the key FVG resistance zone.
- Break above $2,634 may push ETH toward $3,000, analysts suggest.
- Rejection could send Ethereum price back below the $2,000 level.
Ethereum price is approaching a decisive moment as it trades near $2,460 and tests a key Fair Value Gap zone. Analysts warn that a breakout could drive ETH toward $3,000, while rejection may trigger a drop below $2,000, making this level critical for the next major move in the market.
Ethereum Price Tests Key FVG Zone After Recent Recovery
Ethereum price is trading near $2,460 after gaining 4% and reaching its highest level since late January. The move follows a steady recovery from the $1,765 low. ETH price also reclaimed the $2,450 level for the first time since February 1. This places the Ethereum price at a key technical zone that may decide the next move.
According to analyst Crypto Patel, the Fair Value Gap between $2,475 and $2,634 is critical. This zone acts as a strong resistance area during corrections. Ethereum price is now pressing into this range as momentum builds.
The broader crypto market recovery has supported this upward move. However, price action within this zone remains uncertain.
Ethereum Price Outlook Depends on Break or Rejection
If Ethereum price breaks above the FVG zone, it may open a path toward $3,000. A clean move higher could confirm stronger bullish momentum in the short term. However, analysts note that the higher timeframe structure remains bearish for now.
Crypto Patel stated that a confirmed close above $3,050 is needed to shift the trend. Without that, the current move may remain part of a larger correction. Ethereum price must hold gains above $2,450 to sustain upward pressure.
On the downside, rejection from the FVG zone could trigger a decline below $2,000. Previous price patterns show similar rejections during corrective phases. This makes the current level important for both buyers and sellers.
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.
