Ethereum price surged 45% over the past week, recovering the key $2,200 to $3,900 macro range

input: Ethereum price surged 45% over the past week, recovering the key $2,200 to $3,900 macro range it lost earlier in March. The ETH token rebounded from its April low of $1,380 and gradually moved toward $1,800 before breaking out. It then climbed above the $2,000 resistance and reclaimed the $2,100 and $2,300 levels.

Ethereum price has surged by 45% over the past week, finally recovering the key $2,200 to $3,900 macro range that it lost earlier in March. The ETH token began its rebound from its April low of $1,380 and gradually moved toward $1,800 before breaking out. It then climbed above the $2,000 resistance and reclaimed the $2,100 and $2,300 levels.

As of May 14, 2025, Ethereum price trades at $2,666 after rising above its 50-week Exponential Moving Average (EMA), currently at $2,584. This recent breakout follows a steady recovery from the 2025 low near $1,380. Ethereum has now gained 45.68% over the past 30 weekly candles, or 210 days, based on TradingView data. This move also confirms that Ethereum has reclaimed a key technical level not held since mid-2023.

Castillo Trading, a market analyst, said in a comment on X, formerly Twitter, that Ethereum is “doing exactly what it should be. Taking some time to build a base at important levels before the next move.”

Image: 4-hour chart of ETH price vs. Tether (USDT) on BitMEX

Castillo Trading's comment follows a period of consolidation in Ethereum price. According to the 4-hour chart from BitMEX, ETH token moves in a tight range between $2,400 and $2,700. After breaking past key resistance near $2,300, the ETH token surged and reached a peak at $2,652. However, it failed to hold above that level and has since moved sideways.

The chart shows a short-term consolidation area forming between $2,408 and $2,652. This zone acts as both a support and resistance range, highlighted in green. Ethereum price is testing this area repeatedly, suggesting indecision among traders. As long as the price remains inside this range, Ethereum is likely preparing for the next large movement.

"Maybe some shakeouts in both directions before the next move. Still no signs of exhaustion yet. Would make sense with ETH taking some time to build a base at these important levels," said Castillo Trading in response to a post by Daan Crypto Trades.

The market analyst tags Daan Crypto Trades, who shared an analysis of Fibonacci retracement levels and outlines potential buy areas for ETH.

Mid-Term Targets Appear Near $2,963 and $2,408

If Ethereum price breaks above the $2,652 upper resistance, the next target could be the $2,963 level. This area represents the high from February, marked in red at the top of the chart. That zone previously acted as strong resistance, and Ethereum failed to hold it during past rallies.

On the other hand, if ETH drops below $2,408, support could come into play. This price marks the lower bound of the current green range and is close to a previous demand area. If the price fails here, the next major support sits at $1,771. This lower level served as a base for Ethereum’s recent breakout and is also shown in red on the chart.

For now, Ethereum trades just below the midpoint of the $2,400–$2,700 zone. The price shows no clear breakout yet, and trading volume has slightly decreased, signaling a cooling phase. However, this pause often occurs after large moves, giving the market time to form stronger support levels.

Traders Monitor Key Support Levels Below $2,400

The chart highlights several lower support zones that may attract attention if Ethereum fails to hold the current range. The $1,900 level is marked in red, just above the March low. Below that, $1,771 stands out as a major pivot zone. Ethereum built a strong base here before the May breakout.

Any drop to these lower levels would erase much of the recent gains. However, the current consolidation suggests Ethereum is testing the strength of recent support. If it can build a solid base between $2,408 and $2,652, then a move toward $2,850 or higher becomes more likely later.

Traders continue watching the ETH token closely as it fluctuates within this defined range. The market shows no strong direction yet, but the tight structure between green and red zones helps identify the next potential breakout or breakdown.

Daan Crypto Trades Flags Key $2,500 Zone for Ethereum, Highlights Fibonacci-Based Buy Areas

Ethereum price trades near $2,486, as shown on the 1-day chart shared by analyst Da