ETH to $2,900? Ethereum Price Chart Signals Key Structural Shift

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Ethereum short-term price action Ethereum fundamentals remain Advertisement Ethereum , the second largest cryptocurrency by market capitalization, might be on the verge of a structural shift that might eye $2,900 if validated. According to Ali, Ethereum has officially cleared the X-axis of its ascending triangle, breaking through the critical $2,385 resistance level. This opens the path to $2,900, the analyst added. Ethereum $ETH opens the path to $2,900! Ethereum has officially cleared the X-axis of its ascending triangle, breaking through the critical $2,385 resistance level. This breakout is a significant structural shift. By flipping $2,385 into a support floor, ETH has neutralized the… https://t.co/NLesHeyzQH pic.twitter.com/Pi0H5ypcts — Ali Charts (@alicharts) April 17, 2026 Ali indicated that this price move represents a significant structural shift. The analyst indicated that Ethereum flipping the $2,385 into a support floor neutralizes recent sell signals and might suggest a major trend continuation. Advertisement With the overhead supply cleared, Ali stated that the technical objective for this formation is now $2,900. As long as Ethereum holds above the breakout zone at $2,385, the advantage will continue to tilt toward bulls. HOT Stories Most Important Bitcoin (BTC) Price Test in 2026, Ethereum (ETH) Hits Ceiling, XRP Will Go Parabolic If Price Growth Accelerates: Crypto Market Review Ripple Exec Slams Anti-Crypto Documentary Directed by 'The O.C.' Star Ethereum short-term price action Ethereum rose to a high of $2,466 on April 17, extending its recovery from a March 29 low of $1,937. ETH's price faced resistance at this level as sellers sought to halt the recovery. Bulls continued to press in and did not allow ETH's price to dip below $2,300. If ETH's price continues to hold above the highlighted $2,385 level, the recovery may extend to $2,900, then to $3,050. Such a move suggests that Ethereum may have bottomed out at $1,742. Advertisement You Might Also Like Sat, 04/18/2026 - 11:30 Mysterious Whale Buys Ethereum: 32,007 ETH Leaves Binance By Tomiwabold Olajide This bullish view will be invalidated in the near term if the price turns down sharply and breaks $2,300. That would suggest the recent rise might have been a bull trap. ETH could then decline to the $1,916 level. Ethereum fundamentals remain Ethereum processed a record 200.4 million base-layer transactions in Q1, 2026, as it saw a multi-year U-shaped recovery in network activity. You Might Also Like Wed, 04/08/2026 - 16:13 Ethereum Foundation Sells 5,000 ETH: Why This $10 Million Move Is Actually Long-Term Growth Signal By Gamza Khanzadaev Despite the surge in usage, Ethereum remains more than 50% below its August 2025 peak near $5,000, representing a divergence between fundamentals and price. In other news, Bitmine now holds 4.87 million ETH worth $10.7 billion and is 81% of the way to its target of owning 5% of the entire ETH supply. Of this, Bitmine has staked 3.33 million ETH, or about 68%. #Ethereum #Ethereum Price Prediction #Ethereum News