Ethereum Price Prediction: Can ETH Reclaim $2,380 After Steep Selloff?

Ethereum remains under pressure as price action continues to reflect a broader bearish structure on the 4-hour chart. Although ETH has stabilized near the $1,950 to $2,000 range, the recovery lacks conviction.

Sellers still control the trend, and momentum indicators show limited strength. Consequently, traders now focus on whether this consolidation marks a base or simply a pause before another leg lower.

Ethereum peaked near $3,400 before entering a sustained decline marked by lower highs and lower lows. The breakdown below $2,600 accelerated downside momentum and pushed price toward the $1,746 macro support. That level, aligned with the 0 Fibonacci mark, triggered a relief bounce.

However, ETH continues to trade below the 20, 50, 100, and 200 EMAs. This alignment confirms that sellers still dominate the broader structure.

Moreover, the $2,020 to $2,030 zone now acts as immediate resistance due to the EMA cluster. Price must reclaim this region to shift short-term momentum.

Above that, $2,137 represents the first key Fibonacci retracement barrier. A decisive move beyond this level could strengthen bullish sentiment.

However, the $2,380 area remains the critical structural ceiling. Only a sustained break above that level would confirm a more durable recovery phase.

On the downside, ETH consolidates around the $1,950 to $1,960 range. Additionally, the $1,913 level aligns with the lower Bollinger Band and provides dynamic support.

If this floor fails, price could revisit the $1,746 swing low. A breakdown below that support would likely expose the $1,650 to $1,700 region. Hence, bulls must defend current levels to prevent renewed selling pressure.

Open interest data reflects a clear cycle of expansion and contraction. During previous rallies, positioning surged and peaked above $60 billion. That buildup preceded a sharp unwind as price corrected. Recently, open interest stabilized near the mid-$20 billion range. This shift indicates lower leverage and more cautious participation in the derivatives market.

Significantly, spot flow data shows a prolonged period of net outflows stretching from late summer into early winter. Repeated large withdrawals reinforced persistent selling pressure.

However, February introduced a sharp inflow spike exceeding $600 million.

This development suggests renewed accumulation interest. If follow-through inflows continue, Ethereum could build a more stable foundation. Until then, resistance levels remain the key hurdle for any sustained upside recovery.

Key levels remain clearly defined as Ethereum consolidates after a sharp correction. Price continues to trade below major moving averages, keeping the broader structure cautious. However, short-term compression suggests a decisive move may approach.

Upside levels:

Downside levels:

Resistance ceiling:

Technically, Ethereum appears to be stabilizing after a steep decline from the $3,400 peak. The structure resembles a consolidation phase beneath descending resistance, where volatility compression often precedes expansion. Additionally, open interest has cooled significantly from prior highs, indicating reduced leverage risk. This reset could support a healthier base if spot inflows continue.

Ethereum’s near-term direction depends on whether buyers can defend $1,913 and build momentum toward $2,137. Strong inflows and reclaiming the EMA cluster would strengthen recovery prospects.

However, failure to hold the $1,913–$1,950 zone risks renewed selling pressure. For now, ETH remains in a pivotal range where confirmation, not speculation, will determine the next major move.