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Ethereum struggles at $2,400 resistance but shows potential for long-term gains up to $8,300.

Technical Signals
07 May 2026
Coinpaper
View Source
Neutral
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Ethereum (ETH) has repeatedly failed to break above the $2,400 resistance level, keeping its short-term price under pressure with weak spot demand limiting upward momentum. The immediate support lies between $2,160 and $2,200, with a deeper fallback possible near $1,740 if resistance holds. However, a bullish long-term pattern, an inverse head and shoulders, suggests a potential move toward $4,900 and possibly $8,300 if ETH can sustain above key trendlines and break major resistance levels. The next critical test is a confirmed breakout above $2,400 for short-term gains and eventually reclaiming the $4,900 zone to strengthen the bullish outlook.

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