3 min readAfter breaking below the $2,400 range low on June 21st, Ethereum has now reclaimed that key level and is once again trading within its established range structure. The reclaim suggests a failed breakdown and shifts the focus back toward the upper boundary of the range, with $2,700 now in view as a potential target, particularly if the current risk-on sentiment holds and the geopolitical backdrop continues to stabilise.
On the 4-hour chart, the range is clearly defined. Price is now trading between the reclaimed support at $2,400 and the range highs near $2,700, with the midpoint (range EQ) sitting at approximately $2,575. This range EQ acts as the next key resistance and short-term decision point.
If Ethereum can reclaim the $2,575 area with momentum, it would suggest strength and increase the probability of a continued move toward the top of the range. However, failure to push through this level could lead to more consolidation or a return to the lower end of the range.
With the structure re-established and sentiment improving, all eyes are now on how ETH reacts around $2,575, the pivot level that could determine whether bulls take control of the range or not.
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