Ethereum Price Prediction: ETH May Dip to $2,300 Before the Rally Resumes

Author: Alejandro Arrieche

Published: October 10, 2026

Key Highlights

• Ethereum (ETH) has recently bounced off the $2,400 level, indicating a potential support zone.
• Negative net inflows to Ethereum’s exchange-traded funds (ETFs) have persisted for nine consecutive days, totaling nearly $700 million.
• There is a possibility that ETH may dip to $2,300, which is viewed as an ideal buy zone, potentially leading to a rally back to $2,800.
• Trading volumes have decreased significantly, down 58% in the last 24 hours, indicating reduced liquidity in the market.

Market Analysis

The recent price action of Ethereum shows a bounce from the $2,400 resistance level, which may now serve as support as selling pressure diminishes. However, the market is experiencing a liquidity crunch, necessitating a dip to lower price zones to attract fresh buyers.

Current Trading Conditions

As of the latest data, Ethereum is trading at approximately $2,500. The trading volume has dropped to $5.2 billion, representing only 1.7% of the total market activity, which suggests a lack of market engagement.

Future Price Predictions

Analysts suggest that if Ethereum can maintain its position above the 200-day exponential moving average (EMA), it may avoid a deeper correction. The baseline scenario anticipates a bounce back to $2,800, with a mid-term target set at $3,400.

The 4-hour chart indicates that the most relevant liquidity zones for potential buying opportunities lie between $2,370 and $2,300. This area has historically provided sufficient demand to push prices higher.

Conclusion

In summary, while Ethereum has shown resilience at the $2,400 level, the market dynamics suggest a potential dip to $2,300 could present a lucrative buying opportunity. Investors are advised to monitor liquidity conditions closely as the market navigates these critical price levels.