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The post Ethereum Tests $2,880 Resistance: Breakout or Breakdown? appeared com. Key Insights: Ethereum must break $2,880 to confirm trend reversal, or a retest of $2,580 is likely. Bitmine’s $59M Ethereum purchase may suggest institutional accumulation ahead of potential price shift. RSI and MACD remain bearish despite bounce, making $2,880 resistance a critical short-term hurdle. Ethereum Tests $2,880 Resistance: Breakout or Breakdown? Ethereum was trading around $2,809. 76 after bouncing from recent lows. On the 4-hour chart, ETH has formed a low, high, higher low, and higher high. This shift in structure may suggest a possible change in trend, but momentum remains limited as the price stalls under the $2,880 resistance. This level has acted as resistance in past attempts and is now being tested again. According to market analyst Lennaert Snyder, “If we reject $2,880 I’m shorting the failure, if we reclaim it, longs to key ~$3,200 resistance are triggered.” TH showing the first signs of a reversal. On the 4H, Ethereum printed a low, high, higher low, and a higher high. It’s a nice beginning, but it still looks shaky as we’re trading against ~$2,880 resistance. If we reject $2,880 I’m shorting the failure, if we reclaim it,. pic. twitter. com/xdJaprrQoC Lennaert Snyder (@LennaertSnyder) November 23, 2025 The next move will depend on whether ETH can push above this area or not. Lower Demand Still Untested Ethereum still has an unfilled demand zone near $2,580. If the price gets rejected at $2,880, a move back to this area remains possible. It has not been tested since the recent sell-off. The market may look to that level for possible entries if short-term strength fades. Two key price zones are in focus: $2,880 as near-term resistance and $2,580 as a potential support base. Movement between these levels will likely shape ETH’s next direction. Large ETH Purchase Linked to Bitmine On-chain activity shows that.