ETH SuperTrend Turns Green but $2,400 Stays Unbroken
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James Mitchell combines investment banking with cryptocurrency journalism to analyze the institutional adoption of digital assets. Specializing in ETFs and regulation, he translates complex developments…
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Ethereum’s daily SuperTrend flipped bullish for the first time since May 2024, but $2,400 resistance keeps blocking any real breakout attempt. Is ETH ready?
Ethereum ran into a wall. Again. After weeks of grinding between $1,750 and $2,150, ETH finally broke above the range ceiling, pushed into the $2,340 to $2,420 supply band, and got knocked straight back down.
That rejection is not noise. It tells traders sellers are still very much alive at the next level up.
According to DamiDefi on X, ETH is now “sitting right on the most important line on this chart” at around $2,150. The breakout, he noted, only survives if that level holds on daily closes. Lose it and the entire move from the range low becomes a fakeout.
$2,400 Has Not Moved an Inch
CyrilXBT on X put it plainly. ETH is sitting at $2,150, still grinding below $2,400, a zone that has rejected price multiple times. He called the EMA 200 at $2,787 “a completely different universe” from where ETH is trading right now.
What bothers him more than price is volume. Volume dried up entirely after February’s spike, which is not what a real breakout looks like. No conviction on either side. That part stings for bulls.
The macro trendline at $1,800 is still holding as the last real floor. CyrilXBT said he wants a clean break of $2,400 with volume before anything changes his view on ETH.
Meanwhile, something worth watching did happen on the daily chart. Alicharts on X flagged that the SuperTrend indicator on the daily timeframe turned green for the first time since May last year. That is a bullish signal. It points to the long sideways grind possibly ending.
RSI and MACD Line Up, but Price Has Final Say
DamiDefi noted RSI is back near neutral, not overheated. The MACD flipped into a bullish crossover. That combination, he said, is exactly what you want to see when price tries to reclaim and continue higher.
But the chart still has to be confirmed. MACD can hold bullish and RSI can hold midline only if $2,150 acts as support from here. Indicators alone do not make a breakout.
Alicharts added that as long as the $1,800 support holds, a new Ethereum price uptrend could begin. That floor has been the line separating a recovery from a much darker outcome.
DamiDefi laid out the two scenarios clearly. Hold $2,150 on daily closes and the next targets become $2,340 to $2,420, then higher. Lose $2,150 and ETH drops back into the old chop zone. The first stop would be $2,000, with the deeper floor pulling toward $1.75k.
One Signal Is Green, the Other Isn’t
The SuperTrend flip is the most optimistic signal ETH has produced in nearly a year. That matters. Analysts who track that indicator know a green flip on the daily after months of bearish reading does not happen every week.
But CyrilXBT’s concern about ETH resistance levels and missing volume is hard to dismiss. Price repeatedly failing at $2,400 while volume thins out is not a setup that inspires confidence. It is a setup that raises questions.
The split between analysts reflects the chart itself. One foot in bullish momentum, one foot still stuck in the range. Bulls need $2,150 to hold and volume to return. Bears need one bad daily close below that level.
Neither camp has won yet.
Disclaimer: This article is based on technical analysis shared by market contributors on X and is intended purely as news coverage. It does not constitute financial or investment advice. Always do your own research.
The post ETH SuperTrend Turns Green but $2,400 Stays Unbroken appeared first on Live Bitcoin News.
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