Ethereum [ETH] was trading just above the $2,000 mark at the time of writing. During the market-wide rally over the past few days, Ethereum prices surged as high as $2,200 before pulling back.

Increased demand from U.S.-based investors, reflected in the Coinbase Premium, indicated steady spot buying. A rising liquidity ratio on Binance indicated aggressive repositioning and speculative churn.

A $12.5 million ETH withdrawal by whale wallets signaled conviction from larger market participants. A positive Coinbase Premium while prices hold above key supports would signal that the Ethereum rally was sustainable.

The Ethereum price prediction is bullish for now

Source: ETH/USDT on TradingView

The 1-day structure of ETH was firmly bearish. The $2,143 level was highlighted as the pivotal resistance level. It has been challenged multiple times over the past month, but a daily session close above it has not yet occurred.

Additionally, the OBV maintained its downtrend even as the leading altcoin challenged the $2,143 resistance. Though the RSI was able to climb past neutral 50, the lack of buying pressure might be a setback.

Even so, the Ethereum price prediction is bullish in the short term. This is based on clues from the price action. The first clue is from the bearish swing move from $3,405 to $1,742 in 2026.

Such a strong move will likely see a retracement. On the way down, major imbalances (white box) were left at $2,600 and $2,900. These levels lie close to the swing move’s Fibonacci retracement levels, making them retracement targets.

Can ETH prices rally next week?

A rally need not commence immediately. The 4-hour chart showed a bullish structure as previous swing highs were breached (orange). The rejection at $2,200 meant that a retracement is expected.

This dip can go as deep as $1,913. Traders should consider the $1,900-$2,000 as an area for buying. A bullish reaction from this golden pocket is the short-term Ethereum price prediction.

Final Summary

• The Ethereum price prediction is bullish, with a move up to $2,900 possible in the coming weeks.
• For the next few days, a price dip toward $1,900 is likely, but ETH traders can watch out for buying opportunities at that zone.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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Author: Akashnath S