Ethereum has recovered toward the $2,500 mark after dipping to roughly $2,440 on Sept. 4, with the $2,515-$2,525 zone now standing as the key resistance area. A reported whale has opened $100 million in ETH long positions, facing a liquidation price near $2,345. Analysts including Crypto Patel and Gerla have outlined higher potential targets, ranging from $3,550 to beyond $15,000, while ETH's RSI and MACD indicators remain positive.

ETH now confronts resistance around $2,515-$2,525, with momentum indicators holding above key neutral levels. Analyst Ted separately reported a whale opening $100 million in ETH longs alongside $47.9 million in BTC longs. Large leveraged positions of this kind are closely tracked in crypto markets because forced liquidations can themselves amplify price swings: if ETH were to fall to the reported $2,345 liquidation level, the position would be closed out automatically, adding selling pressure at the same moment the market was already weak. Conversely, the size of the bet is often read as a gauge of high-stakes conviction among large traders, though whale positioning is frequently reported from onchain and derivatives data whose accuracy and completeness cannot always be independently verified.

Analysts Track Ethereum's Next Price Move

According to Crypto Patel, Ethereum's long-term journey could extend beyond $15,000. He characterized major dips as potential accumulation zones and referenced an earlier entry area between $1,500 and $1,600. That framing echoes the widely used onchain concept of realized-price bands, where large cohorts of accumulated supply below the market price are treated as structural support. It also places Ethereum well below its previous cycle peak near $4,900 reached in November 2021, a level ETH has not approached since.

Gerla focused on Ethereum's recent price structure between $2,300 and $2,600, noting that ETH formed a base after bouncing from the $1,750 lows. However, Gerla identified $3,550 as the major resistance level sitting above the current range.

He also pointed to heavy volume between $2,900 and $3,400, arguing that reclaiming that volume area would change the price structure. This style of analysis draws on volume-profile tools that map where the most trading activity historically occurred; those bands tend to act as magnets or barriers because they mark where large amounts of supply changed hands. For now, he identified $2,300-$2,600 as the range to watch.

Whale Opens $100 Million Ethereum Long

Ted reported that one whale opened large long positions in both Ethereum and Bitcoin. The reported ETH position totals $100 million, while the BTC position totals $47.9 million. The reported Ethereum liquidation price stands at $2,345, while Bitcoin's liquidation price sits at $72,216. Bets spanning both major crypto assets at once reflect how correlated the two markets remain, with ETH frequently trading in step with Bitcoin's direction.

That positioning comes as ETH trades near $2,497 following its latest recovery. The move began after ETH fell toward $2,440-$2,450 on Sept. 4. Buyers then pushed ETH above $2,475 before the price approached $2,500. The advance later reached roughly $2,515-$2,525, where profit-taking emerged.

ETH Tests Resistance as Momentum Cools

The $2,515-$2,525 zone represents the immediate resistance area. A break above it could bring $2,550 into play, while $2,475 remains near-term support. Below that level, $2,450 becomes the next support area for Ethereum. A break under $2,450 could put $2,425-$2,400 into focus. Taken together, these levels frame a fairly tight trading band, which typically compresses volatility ahead of a directional move in either direction.

On the momentum front, the RSI stands at 58.70, below its 64.80 signal average. Nevertheless, the RSI remains above 50, and the MACD stays positive. The MACD line sits at 10.41 against 9.57 for the signal line, and its 0.84 histogram remains positive, although the gap remains relatively small. An RSI above 50 with a positive but narrowing MACD histogram is a common textbook configuration for mild bullish momentum that is losing some of its recent force rather than reversing.