Ethereum Price Prediction: Triangle Holds but $2,040 Breakdown Risk Builds

Ethereum price prediction signals are mixed across timeframes. On the 4-hour chart, traders flagged a head and shoulders risk as ETH tests a support band around $2,040–$2,080. Analyst Ted Pillows said a confirmed loss of $2,040 could trigger a sharper selloff (“massive dump”), with ETH near ~$2,082 on Coinbase at the time of writing. This breakdown is not confirmed yet, but the level is the key near-term decision point. On the weekly chart, Ethereum price prediction commentary from Ali Charts points to an ascending triangle that has held since 2023. The rising support trendline remains intact, with recent price action reacting around ~$1,800. Resistance is still capped by a horizontal zone near $4,900, a level Ethereum has failed to clear in prior attempts. A decisive breakout above ~$4,900 would strengthen the bullish thesis; otherwise, traders may continue to trade the range. Overall, Ethereum price prediction here centers on whether ETH can defend $2,040 for a rebound, or if the 4-hour head-and-shoulders setup develops into deeper correction. Traders are likely to watch support holds in the next sessions while longer-term buyers monitor the weekly ascending triangle structure.