Ethereum Price Prediction: Rebound Ahead or Will ETH Breakdown Toward $2K? | Ethereum (ETH) Price ETH Analysis

Ethereum is trading near $2.5K after a sharp pullback from the $2.7K resistance area, with price action putting pressure on a key support zone. Despite the weakness, ETH remains above its daily 100-day and 200-day moving averages, and that longer-term support is still intact. The outlook is cautious: weakening momentum and a recent rebound in the exchange supply ratio are being cited as signs that traders should expect additional volatility rather than assume the broader recovery has resumed. Earlier, ETH rebounded strongly from June lows around $1.5K, moved through $2K, and surged into the $2.4K region before consolidating near $2.7K for weeks.