Ethereum price is consolidating above the $2,500 zone. ETH might gain bullish momentum if it clears the $2,700 resistance zone. Ethereum started a fresh decline below the $2,650 level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,735. Ethereum Price Eyes Upside Break Ethereum price started a fresh decline below the $2,800 support zone, like Bitcoin. ETH declined below the $2,750 and $2,700 support levels to move into a short-term bearish zone. The price dipped and tested the 50% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Finally, it found support near the $2,500 zone. The price is now consolidating and seems to be forming a base above the $2,500 level. Ethereum price is now trading below $2,680 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,690 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,680 level. The first major resistance is near the $2,735 level. The main resistance is now forming near $2,800 or $2,820. A clear move above the $2,820 resistance might send the price toward the $2,920 resistance. An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,700 resistance, it could start another decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,440 support or the 61.8% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Any more losses might send the price toward the $2,365 support level in the near term. The next key support sits at $2,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,525 Major Resistance Level – $2,700
Ethereum (ETH), the second-largest cryptocurrency by reported market cap, is facing unprecedented short selling from hedge funds. Notably, short positions in ETH have soared by 500% since November 2024, indicating heightened bearish sentiment toward the digital asset. Institutional Investors Losing Faith In Ethereum? According to a recent post on X by The Kobeissi Letter, Ethereum price is witnessing mounting challenges as short positioning in the cryptocurrency has ballooned in recent times. Notably, ETH short positions are up 40% in the last week, while they are up 500% in the last three months. It is worth highlighting that this is the highest level ever that Wall Street funds have been short Ethereum. Earlier this month, the crypto market got an indication of this bearish ETH positioning, as the digital asset crashed 37% in 60 hours amid Donald Trump’s proposed trade tariffs on Canada, China, and Mexico. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Interestingly, capital inflows to Ethereum exchange-traded funds (ETF) were significantly high in December 2024. In just 3 weeks, ETH ETFs attracted more than $2 billion in new funds, with a record breaking weekly inflow of $854 million. However, hedge funds’ positioning on ETH suggests that they are not very confident in the cryptocurrency’s short-term price outlook. Several factors could be at play for institutional investor’s waning interest in ETH. For instance, ETH is currently trading almost 45% below its current all-time high (ATH) of $4,878 recorded way back in November 2021. In contrast, Bitcoin (BTC) has had a stellar 2024, hitting multiple new ATH, and commanding a market cap that is almost six times larger than that of ETH. The Kobeissi Letter attributes ETH’s current lacklustre price performance to potential “market manipulation, harmless crypto hedges, to bearish outlook on Ethereum itself.” However, the market commentator indicates that this excessive bearish outlook may set ETH up for a short squeeze. They add: This extreme positioning means big swings like the one on February 3rd will be more common. Since the start of 2024, Bitcoin is up ~12 TIMES as much as Ethereum. Is a short squeeze set to close this gap? ETH Short Squeeze To Initiate Altseason? A short squeeze on ETH could teleport its price to as high as $3,000, or even $4,000. However, according to seasoned crypto analyst Ali Martinez, ETH must defend the $2,600 support level to climb higher. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery Recent reports indicate that ETH has likely bottomed, paving the way for a trend reversal to the upside. Another report by Steno Research suggests that ETH is likely to outperform BTC in 2025, with potential targets as high as $8,000. That said, concerns still remain about the Ethereum Foundation regularly dumping ETH. At press time, ETH trades at $2,661, up 0.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Ethereum price is attempting to recover from the $2,500 zone. ETH might gain bullish momentum if it clears the $2,740 resistance zone. Ethereum started a fresh decline below the $2,700 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,740. Ethereum Price Eyes Upside Break Ethereum price started a fresh decline after it failed to clear the $2,920 resistance, like Bitcoin. ETH declined below the $2,800 and $2,700 support levels to move into a short-term bearish zone. The price dipped and tested the 50% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. The bulls appeared near the $2,525 zone. The price is now moving higher and attempting a fresh increase above the $2,600 level. Ethereum price is now trading below $2,700 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,700 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,700 level. The first major resistance is near the $2,740 level. The main resistance is now forming near $2,850 or $2,910. A clear move above the $2,910 resistance might send the price toward the $2,950 resistance. An upside break above the $2,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,700 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,525 zone. A clear move below the $2,525 support might push the price toward the $2,440 support or the 61.8% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,240. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,525 Major Resistance Level – $2,700
Ethereum price failed to continue higher above the $2,880 resistance. ETH is now moving lower and might slip further toward the $2,320 support. Ethereum started a fresh decline below the $2,700 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,700 level. Ethereum Price Recovery Fades Ethereum price started a recovery wave above the $2,650 level, like Bitcoin. ETH was able to surpass the $2,700 and $2,750 resistance levels to move into a short-term positive zone. However, the bears were active above $2,800 and the price started another decline. There was a move below the $2,720 and $2,700 levels. The price dipped and tested the 50% Fib retracement level of the upward move from the $2,127 swing low to the $2,923 high. Ethereum price is now trading below $2,700 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,680 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,680 level and the 100-hourly Simple Moving Average. The first major resistance is near the $2,700 level. The main resistance is now forming near $2,880 or $2,920. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,120 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,700 resistance, it could start another decline. Initial support on the downside is near the $2,525 level. The first major support sits near the $2,440 zone. A clear move below the $2,440 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,525 Major Resistance Level – $2,440
Ethereum price started a recovery wave above the $2,650 zone. ETH is now struggling to clear the $2,880 and $2,920 resistance levels. Ethereum started a decent upward move above the $2,620 zone. The price is trading below $2,750 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,800 level. Ethereum Price Recovery Could Soon Fade Ethereum price started a recovery wave above the $2,550 level, like Bitcoin. ETH was able to surpass the $2,600 and $2,620 resistance levels to move into a short-term positive zone. The price was able to surpass the 50% Fib retracement level of the downward wave from the $3,400 swing high to the $2,120 swing low. However, the bears seem to be active below the $2,880 and $2,920 resistance levels. The price is again moving lower. There was a break below a key bullish trend line with support at $2,800 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,770 level and the 100-hourly Simple Moving Average. The first major resistance is near the $2,800 level. The main resistance is now forming near $2,920 or the 61.8% Fib retracement level of the downward wave from the $3,400 swing high to the $2,120 swing low. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,120 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,800 resistance, it could start another decline. Initial support on the downside is near the $2,630 level. The first major support sits near the $2,600 zone. A clear move below the $2,600 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,630 Major Resistance Level – $2,800
Ethereum price started a recovery wave above the $2,650 zone. ETH is showing positive signs and might aim for a move above the $2,880 resistance. Ethereum started a decent upward move above the $2,650 zone. The price is trading below $2,850 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,880 level. Ethereum Price Recovery Gains Pace Ethereum price started a recovery wave after it dropped heavily below $2,500, underperforming Bitcoin. ETH tested the $2,120 zone and recently started a decent upward move. The price was able to surpass the $2,550 and $2,650 resistance levels. It even climbed above the 50% Fib retracement level of the downward wave from the $3,400 swing high to the $2,120 swing low. There was also a break above a short-term declining channel with resistance at $2,780 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,850 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,840 level and the 100-hourly Simple Moving Average. The first major resistance is near the $2,880 level. The main resistance is now forming near $2,920 or the 61.8% Fib retracement level of the downward wave from the $3,400 swing high to the $2,120 swing low. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,840 resistance, it could start another decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,640 zone. A clear move below the $2,640 support might push the price toward the $2,550 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,640 Major Resistance Level – $2,880
Ethereum experienced one of the most chaotic trading days in its history last Monday, as it plunged over 30% in less than 24 hours amid escalating U.S. trade war fears. However, the market quickly rebounded after President Trump announced negotiations with Canada and Mexico, leading to a sharp recovery across crypto assets. Related Reading: Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range Despite this rebound, Ethereum remains significantly weaker than other altcoins, raising concerns about how long this underperformance will last. Investors are closely watching price action, as ETH continues to trade at historically low levels relative to Bitcoin and other altcoins. Top analyst Carl Runefelt shared a technical analysis on X, revealing that Ethereum is holding onto a key horizontal support level on the ETHBTC chart. This suggests that ETH could be at a turning point, with a potential opportunity for recovery if bulls step in. However, failure to hold this level could indicate further downside ahead. With Ethereum lagging behind its peers, sentiment remains mixed, and market participants are waiting for a clear confirmation of trend direction. Will ETH finally start catching up, or is another leg down still on the table? The next few weeks will be crucial. Ethereum Faces Uncertainty After Record Liquidations Ethereum has struggled after one of the most brutal liquidation events in crypto history, with over $8 billion wiped out from the market between Sunday night and Monday. ETH was one of the hardest-hit assets, with price action looking weak and uncertain compared to Bitcoin. This has sparked concerns among analysts, who fear Ethereum’s underperformance could continue. However, top analyst Carl Runefelt remains optimistic. He shared a technical analysis on X, revealing that Ethereum is holding a crucial horizontal support level on the ETHBTC chart around 0.028. Runefelt believes that if ETH bounces from this level, it could trigger a massive parabolic move, marking the beginning of a long-awaited altseason. Ethereum has lagged behind BTC since late 2021, failing to reclaim its dominance despite multiple market rallies. While Bitcoin continues to flirt with all-time highs, ETH remains far from its previous peak, and many traders are now questioning whether Ethereum can regain its strength. Related Reading: ‘Solana Breakdown Fails’ – Holding $205 Is Crucial To Trigger a Push Higher For now, Ethereum remains at a make-or-break level, with key support holding but pressure building. If ETH manages to surge from this zone, it could lead to a strong recovery and shift market sentiment. However, failure to hold support could mean further downside ahead. Can Bulls Reclaim Momentum? Ethereum is trading at $2,780 after testing two critical moving averages—the 200-day moving average at $2,482 and the 200-day exponential moving average at $2,288. These indicators have been key long-term support levels since July 2020, confirming that Ethereum’s macro trend remains intact despite recent volatility. For Ethereum to reverse the short-term bearish trend, bulls must reclaim the $2,800 mark and hold it as support. This level is a psychological and technical barrier that would signal renewed strength. A push above $3,000 is the next critical step, as breaking this resistance would shift sentiment from bearish to bullish and trigger a move into key supply zones. If Ethereum fails to reclaim these levels, the market could see another wave of selling pressure, pushing ETH back toward lower demand areas. However, historical trends suggest that when ETH holds above these moving averages, it often leads to strong rallies. Related Reading: Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run Investors are watching closely to see if Ethereum can recover and reestablish its bullish momentum. A breakout above $3,000 would set the stage for a push toward higher resistance levels, potentially leading to a major rally in the coming months. Featured image from Dall-E, chart from TradingView
Ethereum price started a recovery wave above the $2,550 zone. ETH is showing positive signs but faces many hurdles near the $2,880 level. Ethereum started a decent upward move above the $2,550 zone. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,880 level. Ethereum Price Recovery Faces Hurdles Ethereum price started a recovery wave after it dropped heavily below $2,500, underperforming Bitcoin. ETH tested the $2,120 zone and recently started a recovery wave. The price was able to surpass the $2,500 and $2,550 resistance levels. It even climbed above the 50% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone. The price failed to clear the 61.8% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. There is also a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,880 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,800 level. The first major resistance is near the $2,880 level. The main resistance is now forming near $2,920. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,880 resistance, it could start another decline. Initial support on the downside is near the $2,640 level. The first major support sits near the $2,550. A clear move below the $2,550 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,550 Major Resistance Level – $2,880
Ethereum price started a recovery wave above the $2,500 zone. ETH is up nearly 10% and now faces a major resistance near $2,920. Ethereum started a decent upward move above the $2,500 support zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,920 level. Ethereum Price Attempts Recovery Ethereum price started a major decline below the $2,800 level, underperforming Bitcoin. ETH declined below the $2,650 and $2,500 levels to enter a bearish zone. There was a clear move below the $2,200 level. The price declined over 25% and tested the $2,120 zone. A low was formed at $2,127 and the price recently started a fresh upward move. There was an increase above the $2,500 level. The price surpassed the 50% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone. There is also a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,900 level. The first major resistance is near the $2,920 level and the trend line or the 61.8% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. The main resistance is now forming near $3,000. A clear move above the $3,000 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,320 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,900 resistance, it could start another decline. Initial support on the downside is near the $2,765 level. The first major support sits near the $2,650. A clear move below the $2,650 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,765 Major Resistance Level – $2,920
Ethereum price started a fresh decline below the $3,000 zone. ETH is down over 25% and the bears seem to be in control below $2,770. Ethereum started a fresh decline below the $3,000 support zone. The price is trading below $2,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,200 level. Ethereum Price Nosedives Ethereum price started a major decline below the $3,000 level, underperforming Bitcoin. ETH declined below the $2,800 and $2,650 levels to enter a bearish zone. There was a clear move below the $2,500 level. The price declined over 25% and tested the $2,120 zone. A low was formed at $2,127 and the price is now consolidating losses. There was a minor increase above the $2,300 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. Ethereum price is now trading below $2,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,650 level. The first major resistance is near the $2,770 level or the 50% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. The main resistance is now forming near $2,900. There is also a key bearish trend line forming with resistance at $2,900 on the hourly chart of ETH/USD. A clear move above the $2,900 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,150 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,600 resistance, it could start another decline. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,250. A clear move below the $2,250 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,000 support level in the near term. The next key support sits at $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,200 Major Resistance Level – $2,600
Ethereum price started a fresh increase above $3,220. ETH is now consolidating and might eye more gains above the $3,270 resistance zone. Ethereum started a fresh increase above the $3,120 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,200 level. Ethereum Price Recovers Ethereum price started a decent increase from the $3,020 zone, like Bitcoin. ETH was able to surpass the $3,120 and $3,150 resistance levels to move into a positive zone. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. However, the bears are now active near the $3,270 and $3,280 resistance levels. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,270 level and the 61.8% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. The first major resistance is near the $3,330 level. The main resistance is now forming near $3,360. A clear move above the $3,360 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,270 resistance, it could start another decline. Initial support on the downside is near the $3,220 level. The first major support sits near the $3,200. A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,270
Ethereum price struggled to continue higher above $3,220. ETH is now consolidating losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,120 zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,200 level. Ethereum Price Faces Resistance Ethereum price started a fresh decline below the $3,220 and $3,180 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price recently corrected some losses. There was a move above the $3,120 and $3,150 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,425 wing high to the $3,020 swing low. However, the bears were active below the $3,200 resistance. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,180 level. The first major resistance is near the $3,200 level and the trend line. The main resistance is now forming near $3,220 and the 50% Fib retracement level of the downward move from the $3,425 wing high to the $3,020 swing low. A clear move above the $3,220 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,0750 level. The first major support sits near the $3,050. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,950. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,220
Ethereum price struggled to continue higher above $3,220 and dipped. ETH is now consolidating losses and might face resistance near the $3,200 zone. Ethereum started a fresh decline below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,220 level. Ethereum Price Dips Again Ethereum price started a fresh decline below the $3,250 and $3,200 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price recently corrected some losses. There was a move above the $3,120 and $3,150 levels. The price surpassed the 23.6% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low. However, the bears were active near the $3,220 resistance. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,150 level. The first major resistance is near the $3,220 level, the trend line, and the 50% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low. The main resistance is now forming near $3,270. A clear move above the $3,270 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,020. A clear move below the $3,020 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,950 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,020
Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,220 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,300 level. Ethereum Price Dips Further Ethereum price started a fresh decline below the $3,320 and $3,220 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price is now correcting losses. There was a move above the $3,050 and $3,120 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low. Ethereum price is now trading below $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low. The first major resistance is near the $3,250 level. There is also a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD. The main resistance is now forming near $3,300. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,950. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,220
Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,420 resistance zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,150 support level. Ethereum Price Breaks Support Ethereum price started a decent upward move from the $3,280 level, like Bitcoin. ETH was able to surpass the $3,320 and $3,350 resistance levels. The pair even surpassed $3,400 and tested $3,420. A high was formed at $3,427 and the price corrected most gains. There was a move below the $3,320 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD. A low was formed at $3,161 and the pair is now consolidating losses. Ethereum price is now trading below $3,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low. The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300 or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,150 Major Resistance Level – $3,250
Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term. Ethereum started a fresh increase from the $3,180 support zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,220 support level. Ethereum Price Breaks Resistance Ethereum price started a decent upward move from the $3,180 level, beating Bitcoin. ETH was able to surpass the $3,220 and $3,250 resistance levels. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD. The pair even surpassed $3,300 and tested $3,350. A high was formed at $3,346 and the price is now moving lower. There was a move below the $3,320 and $3,300 support levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,181 swing low to the $3,346 high. Ethereum price is now trading above $3,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. The first major resistance is near the $3,370 level. The main resistance is now forming near $3,450. A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,580 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,260 level. The first major support sits near the $3,220. A clear move below the $3,220 support might push the price toward the $3,180 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,350
Ethereum price is struggling below the $3,400 resistance. ETH is showing a few bearish signs and might decline below the $3,150 support. Ethereum failed to gain pace for a close above $3,350 and $3,400. The price is trading below $3,300 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,120 support level. Ethereum Price Breaks Support Ethereum price started a decent upward move from the $3,220 level but upsides were limited compared to Bitcoin. ETH cleared the $3,300 resistance before the bears appeared. A high was formed at $3,361 and the price is now moving lower. There was a move below the $3,250 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,270 on the hourly chart of ETH/USD. A low was formed at $3,201 and the price is now consolidating. Ethereum price is now trading below $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,280 level or the 50% Fib retracement level of the downward move from the $3,363 swing high to the $3,201 low. The first major resistance is near the $3,300 level or the 61.8% Fib retracement level of the downward move from the $3,363 swing high to the $3,201 low. The main resistance is now forming near $3,350. A clear move above the $3,350 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,580 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150. A clear move below the $3,150 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,300
Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break. Ethereum failed to gain pace for a close above $3,400 and $3,450. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 resistance level. Ethereum Price Aims Key Upside Break Ethereum price started a decent upward move from the $3,200 level but upsides were limited compared to Bitcoin. ETH cleared the $3,250 resistance to move into a short-term bullish zone. The bulls were able to push the price above the $3,300 resistance zone. Besides, there was a clear move above the 50% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low. However, the bears are still active below $3,400. Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level or the 61.8% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low. There is also a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH/USD. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,445. A clear move above the $3,445 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250. A clear move below the $3,250 support might push the price toward the $3,200 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,400
Ethereum (ETH) appears to have ‘bottomed out,’ according to crypto analyst Mister Crypto. The analyst shared this observation as investor confidence in ETH continues to wane due to the digital asset’s relatively lackluster price performance in 2024. Is Ethereum Due For A Rally? Unlike Bitcoin (BTC) and Solana (SOL), which have surged in the past year by 146% and 154%, respectively, Ethereum has risen a modest 32% over the same period. As a result, ETH holders are understandably frustrated with the digital asset’s price action, with some whales liquidating their holdings at losses of up to $1 million. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery However, some analysts now believe it may finally be time for Ethereum to break out of its stagnation. Crypto trader Mister Crypto shared the following ETH/BTC monthly chart on X, showing ETH’s price bouncing off a long-standing trendline before entering a parabolic run. This analysis aligns with a recent report highlighting ETH’s four-year low of 0.031 against BTC on the weekly chart. A potential rebound from this multi-year support level could position ETH to outperform BTC in the short term. Crypto analyst Merlijn The Trader also identified a bullish falling wedge pattern forming on Ethereum’s 2-day chart. According to Merlijn, a breakout to the upside could make Ethereum’s next move “legendary.” For the uninitiated, a bullish falling wedge is a technical chart pattern that forms when an asset’s price consolidates between two downward-sloping, converging trendlines. It typically signals a potential trend reversal or continuation, with a breakout to the upside expected once the price moves above the upper trendline. In Ethereum’s case, its price must decisively break through the $3,400 level to confirm the bullish falling wedge pattern. Failure to do so could result in ETH falling to the next major support levels at $3,000 and potentially $2,400. Finally, seasoned crypto market commentator Poseidon offered a more macro perspective on ETH’s price action. The analyst noted that Ethereum has been trading within a range for the past four years. A breakout above the critical $4,000 resistance level could propel ETH beyond $10,000, based on Fibonacci price extensions. 2025: The Year Of Altseason? A full-blown altseason typically requires ETH to lead the market. Thus, a strong 2025 for Ethereum could significantly increase the likelihood of the eagerly anticipated altseason. Fortunately, many investors are optimistic about ETH’s prospects this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say In December 2024, analysts at brokerage firm Bernstein remarked that ETH’s risk-reward ratio has become increasingly attractive. Similarly, Steno Research predicted that ETH could outperform BTC in Q1 2025, with a price target as high as $8,000. However, the $4,000 resistance level remains ETH’s Achilles’ heel. At the time of writing, ETH is trading at $3,280, down 2.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Ethereum price remained below the $3,500 resistance while Bitcoin rallied. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,450 and corrected gains. The price is trading below $3,300 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,325 resistance level. Ethereum Price Stuck In A Range Ethereum price started a decent upward move above the $3,300 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,450 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,203 and the price is now consolidating losses. There was a minor increase above the $3,240 level. The price tested the 23.6% Fib retracement level of the recent drop from the $3,444 swing high to the $3,203 low. Ethereum price is now trading below $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,260 level. The first major resistance is near the $3,320 level or the 50% Fib retracement level of the recent drop from the $3,444 swing high to the $3,203 low. The main resistance is now forming near $3,350. There is also a short-term contracting triangle forming with resistance at $3,370 on the hourly chart of ETH/USD. A clear move above the $3,370 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,325 resistance, it could start another decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150. A clear move below the $3,150 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,325
Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin Over the past year, Bitcoin has appreciated by an impressive 158%, surging from approximately $41,000 on January 21, 2024, to $107,608 at the time of writing. The cryptocurrency has consistently reached new all-time highs (ATH) throughout the year. In contrast, Ethereum has delivered a modest return of approximately 35% over the same period and remains 32% below its November 2021 ATH of $4,878. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery According to the weekly chart below from TradingView, the ETH/BTC trading pair — also referred to as the ETH/BTC ratio within the crypto industry — has reached a fresh four-year low. This decline has raised concerns about the likelihood of an Ethereum-led altcoin season. Currently trading at 0.031, the ETH/BTC ratio has erased all gains accumulated since March 2021. The pair peaked at 0.087 in December 2021, during the height of that year’s altcoin season. Since then, however, Ethereum, the second-largest digital asset by market capitalization, has experienced a steady decline against Bitcoin. In May 2024, the ratio fell below 0.054, a critical support level that had previously held firm in June 2022. Several factors have contributed to Ethereum’s underperformance, including Trump’s perceived preference for Bitcoin and the rising competition from rival smart-contract platforms like Solana (SOL). Unlike Bitcoin, Ethereum has struggled with adoption. Corporations worldwide are increasingly incorporating Bitcoin into their balance sheets, reinforcing BTC’s status as a premier digital asset. Additionally, speculation about the creation of a US strategic Bitcoin reserve has further bolstered the narrative around Bitcoin’s limited supply, driving its price higher. Conversely, Ethereum’s relatively high issuance rate has cast doubt on its “ultrasound money” narrative. Ethereum’s 2024 performance has also eroded confidence among some of its largest holders. Notably, an ETH whale recently sold 10,070 ETH at a $1 million loss, signaling waning investor trust. Will 2025 Change Ethereum’s Fortunes? While 2024 was a challenging year for Ethereum in terms of price performance, crypto analysts remain optimistic about the asset’s prospects in 2025. For example, a report by Steno Research predicts that Ethereum could surge to as high as $8,000 this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Similarly, crypto analyst Daan forecasts that the ETH/BTC trading pair could rise above 0.04 during Q1 2025. In December 2024, Ethereum exchange-traded funds (ETFs) experienced renewed interest from institutional investors, fueling hopes for significant capital inflows into the smart-contract platform. That said, Ethereum must first overcome strong resistance at the $4,000 price level. At press time, ETH trades at $3,368, down 1.3% in the past 24 hours. Featured image from Unsplash, Charts from TradingView.com
Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,500 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. Ethereum price is now trading below $3,280 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,240 level. The first major resistance is near the $3,300 level or the 50% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. The main resistance is now forming near $3,380. There is also a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. A clear move above the $3,380 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,300
Ethereum price started a fresh recovery wave above the $3,250 zone. ETH is holding gains and might aim for a fresh increase above the $3,480 zone. Ethereum started a decent recovery wave above the $3,240 zone. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,400 resistance level. Ethereum Price Stays Above The Key Support Ethereum price started a decent upward move above the $3,240 level but upsides were limited compared to Bitcoin. ETH was able to clear the $3,300 and $3,320 resistance levels to move into a short-term positive zone. The pair even surged above the $3,350 and $3,400 levels. Finally, it tested the $3,480 zone. A high was formed at $3,473 and recently the price corrected some gains. There was a drop below the 23.6% Fib retracement level of the upward move from the $2,912 swing low to the $3,473 high. Ethereum price is now trading above $3,280 and the 100-hourly Simple Moving Average. It is again rising and trading above $3,300. There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,400 level. The first major resistance is near the $3,420 level. The main resistance is now forming near $3,480. A clear move above the $3,480 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,280 level. The first major support sits near the $3,200 or the 50% Fib retracement level of the upward move from the $2,912 swing low to the $3,473 high. A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,280 Major Resistance Level – $3,400
Ethereum price started a decent recovery wave above the $3,240 zone. ETH is rising and facing hurdles near the $3,480 zone. Ethereum started a minor recovery wave above the $3,240 zone. The price is trading above $3,320 and the 100-hourly Simple Moving Average. There was a break above a short-term contracting triangle with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,480 resistance level. Ethereum Price Gains Over 5% Ethereum price started a recovery wave above the $3,150 level like Bitcoin. ETH was able to clear the $3,180 and $3,240 resistance levels to move into a short-term positive zone. Besides, there was a break above a short-term contracting triangle with resistance at $3,240 on the hourly chart of ETH/USD. The pair even surged above the $3,350 and $3,400 levels. Finally, it tested the $3,480 zone. A high was formed at $3,473 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $3,186 swing low to the $3,473 high. Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,450 level. The first major resistance is near the $3,480 level. The main resistance is now forming near $3,500. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $3,480 resistance, it could start another decline. Initial support on the downside is near the $3,350 level. The first major support sits near the $3,280 or the 50% Fib retracement level of the upward move from the $3,186 swing low to the $3,473 high. A clear move below the $3,280 support might push the price toward the $3,240 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,280 Major Resistance Level – $3,480
Ethereum price started a minor recovery wave above the $3,120 zone. ETH is rising and facing hurdles near the $3,240 zone. Ethereum started a minor recovery wave above the $3,120 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,240 resistance level. Ethereum Price Aims Higher Ethereum price started a recovery wave above the $3,050 level like Bitcoin. ETH was able to clear the $3,080 and $3,120 resistance levels to move into a short-term positive zone. The price even cleared the 50% Fib retracement level of the downward move from the $3,334 swing high to the $2,920 low. However, the bears are active near the $3,220 and $3,240 levels. There is also a short-term contracting triangle forming with resistance at $3,240 on the hourly chart of ETH/USD. Ethereum price is now trading just above $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,230 level. It is near the 76.4% Fib retracement level of the downward move from the $3,334 swing high to the $2,920 low. The first major resistance is near the $3,240 level. The main resistance is now forming near $3,330. A clear move above the $3,330 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,240 resistance, it could start another decline. Initial support on the downside is near the $3,180 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $2,920. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,240
Ethereum price started a minor recovery wave after it dropped to the $2,920 zone. ETH is rising and might face hurdles near the $3,240 zone. Ethereum started a minor recovery wave from the $2,920 zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,200 resistance level. Ethereum Price Attempts Recovery Ethereum price failed to settle above $3,250 and extended losses like Bitcoin. ETH declined below the $3,120 and $3,000 support levels. There was a break below a connecting bullish trend line with support at $3,240 on the hourly chart of ETH/USD. The pair even dipped below $2,950. A low was formed at $2,920 and the price is now attempting a recovery wave. There was a move above the $3,000 and $3,050 resistance levels. The price cleared the 50% Fib retracement level of the downward move from the $3,335 swing high to the $2,920 low. However, the bears are active below the $3,200 and $3,220 levels. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,175 level. It is near the 61.8% Fib retracement level of the downward move from the $3,335 swing high to the $2,920 low. The first major resistance is near the $3,200 level. The main resistance is now forming near $3,240. A clear move above the $3,240 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050. A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,920 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,240
Ethereum price started a minor recovery wave above the $3,200 zone. ETH is struggling and might continue to move down if it stays below $3,320. Ethereum started a minor recovery wave from the $3,160 zone. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,320 resistance level. Ethereum Price Faces Resistance Ethereum price started a short-term recovery wave from the $3,160 level, like Bitcoin. ETH was able to recover above the $3,200 and $3,220 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $3,743 swing high to the $3,160 low. There is also a connecting bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD. However, the bears are active below the $3,320 and $3,350 levels. Ethereum price is now trading below $3,320 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,300 level. The first major resistance is near the $3,320 level. The main resistance is now forming near $3,450 and the 50% Fib retracement level of the downward move from the $3,743 swing high to the $3,160 low. A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,520 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,320 resistance, it could start another decline. Initial support on the downside is near the $3,250 level and the trend line. The first major support sits near the $3,220. A clear move below the $3,220 support might push the price toward the $3,160 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,220 Major Resistance Level – $3,320
The past few days have been challenging for Ethereum investors, as the altcoin leader kicked off 2025 with a steep 15% drop from local highs, plunging to lower demand levels. This selloff has mirrored the broader market’s volatility, leaving many questioning the strength of ETH’s recovery potential. Despite the rocky start, ETH’s fundamentals continue to […]
Ethereum price failed to clear the $3,400 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,400. Ethereum started a fresh decline from the $3,400 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,300 resistance level. Ethereum Price Extend Losses Ethereum price failed to start a recovery wave above the $3,400 level and extended losses like Bitcoin. ETH declined below the $3,350 and $3,320 support levels. There was a clear move below $3,250 and $3,220. A low was formed at $3,159 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $3,742 swing high to the $3,159 low. There is also a connecting bearish trend line forming with resistance at $3,300 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,320 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,300 level and the trend line. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,450 and the 50% Fib retracement level of the recent decline from the $3,742 swing high to the $3,159 low. A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,160. A clear move below the $3,160 support might push the price toward the $3,080 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,160 Major Resistance Level – $3,300
Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500. Ethereum started a fresh decline from the $3,450 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,400 resistance level. Ethereum Price Extend Losses Ethereum price failed to start a recovery wave above the $3,500 level and extended losses like Bitcoin. ETH declined below the $3,450 and $3,400 support levels. There was a clear move below $3,350 and $3,320. A low was formed at $3,213 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $3,743 swing high to the $3,213 low. There is also a connecting bearish trend line forming with resistance at $3,340 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,400 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level and the trend line. The first major resistance is near the $3,475 level or the 50% Fib retracement level of the recent decline from the $3,743 swing high to the $3,213 low. The main resistance is now forming near $3,500. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,280 level. The first major support sits near the $3,220. A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,400