Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Ethereum tests key resistance near $2,375, eyeing potential breakout to $2,646 or pullback to support zones.

Technical Signals
05 May 2026
Coinpaper
View Source
Neutral
pluang ai news

Ethereum is currently testing a major resistance level near $2,375 after reaching the top of its short-term descending channel. A successful breakout above this level could lead to a bullish move toward $2,550 and potentially $2,646, marking a 7% gain from the breakout point. However, failure to break this resistance may result in a retracement to lower support levels around $2,325, $2,290, and as low as $2,210. The next key indicator will be whether Ethereum can close above the resistance zone, which would confirm a positive short-term trend, or face rejection and pull back to support zones before attempting another rise.

More News (ETH)

Ethereum futures long positions drop sharply as top traders reduce risk amid stable crypto market.

Ethereum futures long positions drop sharply as top traders reduce risk amid stable crypto market.

Top traders significantly reduced their Ethereum futures long positions in both USDT- and coin-margined markets, signaling a short-term de-risking despite stable overall crypto market conditions. Ethereum's long position share among top traders fell ...

Technical Signals
Neutral
5 hours ago
Ethereum rebounds above $1,700 as ETF inflows return, signaling potential recovery amid mixed market signals.

Ethereum rebounds above $1,700 as ETF inflows return, signaling potential recovery amid mixed market signals.

Ethereum price rose above $1,700 after a 6% gain, driven by renewed inflows into U.S. spot Ethereum ETFs, especially BlackRock's ETHA. Technical indicators like MACD and RSI show early signs of recovery, while a monthly TD Sequential buy signal sugge...

Technical Signals
Bullish
5 hours ago
Bitcoin holds near $61,700 and Ethereum gains 6.4% as traders watch key weekend levels and 200-day moving average.

Bitcoin holds near $61,700 and Ethereum gains 6.4% as traders watch key weekend levels and 200-day moving average.

Bitcoin is trading around $61,697 with a modest 2.7% move, while Ethereum has surged 6.4% to $1,717. The total crypto market cap stands at $2.22 trillion, with Bitcoin dominance at 55.7%, indicating cautious capital rotation between Bitcoin and altco...

Technical Signals
Neutral
5 hours ago
Crypto market shows recovery as $2.2B in Bitcoin, ETH, XRP options expire with bullish bets.

Crypto market shows recovery as $2.2B in Bitcoin, ETH, XRP options expire with bullish bets.

The cryptocurrency market is showing signs of recovery as $1.9 billion in Bitcoin options, $230 million in Ethereum options, and $3.7 million in XRP options expire today. Bitcoin has surged over 6% to around $62,000, supported by bullish call options...

Market News
Bullish
6 hours ago
More bitcoin is now held at a loss than profit, signaling deep market correction and potential bottoming.

More bitcoin is now held at a loss than profit, signaling deep market correction and potential bottoming.

For the first time in the current cycle, more bitcoin—about 10.83 million BTC—is held at a loss than at a profit, reflecting a significant correction from January's $109,000 peak. Historically, this shift signals financial stress and often precedes m...

Market News
Neutral
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App