Ethereum Price Prediction: Why ETH Needs to Clear $2,400 by End of May

"Ethereum slipped near $2,293 and remained trapped below the key $2,400 resistance zone, with analysts saying ETH must reclaim and hold above $2,400 to restore bullish momentum. This reflects that institutional access is expanding at the fastest pace in ETH's history, and ETF money is flowing out at the same time."

"The $2,350 to $2,400 range has capped multiple recovery attempts, and the series of higher lows since April confirms buyers are absorbing selling pressure at each dip, but a decisive 4-hour close above $2,400 would be needed to confirm a breakout and target $2,500 and $2,600. The level also stands just above where ETH's 200-day moving average has been tracking."

"Ethereum is below its 200-day moving average at $2,335, and the monthly RSI at 38 signals neutral conditions-a monthly close above $2,650 would confirm bullish momentum heading into Q3. Essentially, the $2,400 level is the line that separates a recovery from a continuation of the slide. Below it, ETH is in no man's land. Above it, the next conversation becomes $2,500, $2,600, and eventually a run at the $3,000 level that analysts have been flagging for Q3."

"Getting a clean break above $2,400 in 17 days requires at least one major catalyst to land, and there are three in the frame right now. The Glamsterdam Upgrade in June Network upgrades have historically front-run price moves in Ethereum-the market tends to price in confirmed"

Ethereum formed a constructive base between $2,100 and $2,400 during March and April, but recovery attempts toward the upper range have stalled. The price remains trapped below the $2,400 resistance zone, with analysts saying ETH must reclaim and hold above $2,400 to restore bullish momentum. The $2,350 to $2,400 area has capped multiple attempts, while higher lows since April show buyers absorbing selling pressure on dips. A decisive 4-hour close above $2,400 would confirm a breakout and open targets at $2,500 and $2,600. The level sits just above the 200-day moving average near $2,335, and monthly RSI at 38 indicates neutral conditions. A monthly close above $2,650 would confirm bullish momentum heading into Q3.

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