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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Ethereum Price Prediction: Can ETH Clear $2,400 and Target $2,940? ETH price

Claim1,200 USDT in the Monthly Creation Challenge

Ethereum Price Prediction: Can ETH Clear $2,400 and Target $2,940?

ETH price is forming a rounded bottom on the 12-hour chart after bouncing from a local low of $1,940 on March 29, with a 20% rebound to $2,330 fueled by improving macro conditions.

The key technical level is $2,400, the neckline of the base structure. If bulls can close above it on meaningful volume, the measured move targets $2,940, representing roughly 32% upside from current levels.

For a deeper look at the recent ETH rally and price structure, the setup has been building since the March flush.

Support is anchored at $2,140, near the 20-day EMA, which acted as a retest zone during the recovery. Bears need a close back below that level to invalidate the rounded bottom thesis, if that breaks, $1,940 comes back into play.

CryptoQuant data shows whale profitability has returned post-rebound, with large-holder optimism pointing toward a $3,000 psychological target.

However, OI at $34 billion without a corresponding increase in network activity means leverage is outpacing fundamentals.

If Ethereum’s on-chain transaction volume and fee generation don’t expand alongside the price recovery, the rally lacks structural support and becomes purely a derivatives-driven phenomenon, fragile by definition.



Ethereum Price Prediction: Can ETH Clear $2,400 an

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Earn Limited-Time 10% APY on $HTX Staking

{future}(ONGUSDT) 🚨 MASSIVE $ONG SHORT ALERT: THE CRASH IS HERE! 🚨 $ONG is in an aggressive sell-off. Key support at 0.0795 has completely collapsed and 24h volume is a pathetic $10,000. There is zero

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