Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced one of its most challenging starts to the year, recording its second-worst performance in the first quarter of its history. As of now, ETH is trading just above the crucial support level of $2,000, reflecting a year-to-date decline of 43%. This stark contrast is particularly notable when compared to Bitcoin (BTC) and XRP, which have seen gains of 23% and an astonishing 279%, respectively, during the same period. Could A 60% Surge In Q2 Bring It Back To $3,200? Market expert Lark Davis has drawn attention to the dramatic downturn in Ethereum’s price in a recent social media update, highlighting a 38% drop in Q1 of this year for the altcoin. This figure is alarmingly close to its worst quarterly performance of 46% recorded during the first quarter of 2018, as noted in the comparison chart shared by Davis. Related Reading: XRP Breakout On Hold? Financial Expert Reveals What’s Missing Following that troubling quarter in 2018, Ethereum saw a brief recovery of 15% in Q2, only to face more than 40% declines in the subsequent quarters, respectively, raising concerns for current investors that this pattern might occur once again in this cycle. Despite these discouraging figures, Davis posed an interesting question regarding the potential for an “explosive” second quarter for Ethereum. Historically, since 2016, ETH has averaged a remarkable 66% surge during this period. If this trend continues and the Ethereum price were to achieve a 60% increase in the coming months, its price could climb to $3,200 per token—levels not seen since early February of this year. Crypto Expert Predicts 1,100% Surge For The Ethereum Price While short-term challenges remain, many analysts retain a long-term bullish outlook for Ethereum. Crypto analyst Merlijn drew parallels between the current market conditions and Bitcoin’s past performance, suggesting that Ethereum is poised for a similar trajectory. The analyst noted, “Accumulation, breakout, and V-shape recovery loading,” implying that a new bull run could be on the horizon for ETH, with forecasts suggesting it could reach up to $24,000 during this cycle—a major 1,100% increase. Related Reading: Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500 However, the path to recovery is not without its hurdles. Expert Ali Martinez recently highlighted key resistance levels that Ethereum must overcome for a sustainable rebound in the short-term. Martinez noted that ETH’s price has reclaimed its realized price of $2,040, but the next significant challenge lies at the $2,300 mark, where strong resistance has been observed for the leading altcoin. Despite a recent recovery that saw a 10% spike in the past two weeks, Ethereum still faces notable monthly losses, down nearly 25% following a broader market correction. Featured image from DALL-E, chart from TradingView.com
Ethereum (ETH) is showing signs of a bullish breakout, forming a complex Inverse Head and Shoulder (iH&S) pattern on the weekly timeframe. This key technical formation suggests that the Ethereum price is on track for a massive rally toward a bullish target of $18,000. Ethereum Forms Inverse Head & Shoulder Pattern The Ethereum price has been in a long consolidation period, experiencing a crash amid the ongoing market turmoil. Despite recording massive declines that have pushed its value significantly below all-time highs, crypto analyst Gert van Lagen on X (formerly Twitter) predicts that ETH could still reach a price target of $18,000. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming Notably, Ethereum recently bounced off the $1,800 – $2,000 support range, which previously served as resistance during the ‘Head’ phase of the iH&S pattern. With this crucial retest confirmed, ETH may be entering the final stage of its reversal, set up to new all-time highs. Lagen’s $18,000 bullish target is more than 8X Ethereum’s current price, underscoring the sheer magnitude of this projection. Lagen has identified the formation of the iH&S structure on the Ethereum chart, supporting his ambitious prediction with this renowned bullish chart pattern. The Inverse Head and Shoulder is a classic bullish reversal structure, often signaling the end of a downtrend and the beginning of a strong and new uptrend. Considering the Ethereum’s price has been in a downturn, the formation of the iH&S chart pattern suggests that this prolonged decline may be finally coming to an end. In the analyst’s chart, this left shoulder of the iH&S structure began forming from 2021 to 2022, experiencing a price peak before a pullback. From 2022 to 2023, a deeper decline occurred, marking the cycle low and the formation of the ‘Head.’ Finally, the right shoulder of the technical pattern was formed between 2024 to 2024, recording a higher low that aligned with the left shoulder. Lagen’s price chart highlights that the most critical level to watch is the neckline of the iH&S structure, which is approximately $3,978 and acts as the primary resistance area. How An $18,000 ETH Target Is Possible Still looking at Lagen’s Ethereum price chart, the analyst suggests that if ETH can surpass the $3,978 resistance level with strong volume, it could validate the Inverse Head and Shoulder pattern and open the door for a rally toward $18,000. Conversely, if Ethereum fails to break above this resistance level, a prolonged consolidation or significant pullback may occur before its next breakout attempt. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 Lagen predicts that a rejection at the resistance area could see the Ethereum price drop to $1,888 — an important support level which could prevent further declines. A drop to this support would represent a potential 52% dip from the main resistance level and an 8.52% decline from ETH’s current market value of $2,055. Featured image from Unsplash, chart from Tradingview.com
Ethereum is trading back above the key $2,000 level after spending several volatile weeks attempting to reclaim it. Since late February, ETH has dropped more than 38%, triggering widespread panic as the price broke below major support and briefly dipped under $1,800. The decline sparked fears of a prolonged downtrend, with many questioning whether Ethereum had entered a bear market. Related Reading: Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move – Insights However, sentiment is beginning to shift. Investors are now looking for signs of recovery as ETH stabilizes and retests important levels. A growing number of analysts believe that the recent volatility may have been a final shakeout before a new uptrend. Top analyst Ted Pillows shared insights on X, suggesting that Ethereum may be wrapping up its “manipulation phase.” This phase typically features erratic price action designed to exhaust both bulls and bears before the market commits to a clear direction. If the phase ends soon, Ethereum could rebound significantly in the coming weeks. As ETH hovers near $2,000, the next few sessions will be crucial in determining whether bulls can maintain momentum or if further downside lies ahead. Ethereum Bulls Face A Test As Expansion Phase Looms Ethereum is showing early signs of strength as it hovers just above the critical $2,000 mark, a level that has acted as both a psychological and technical battleground for weeks. Bulls are being called into action as the broader market begins to stabilize, with ETH price action hinting at a potential recovery. However, the situation remains fragile, with uncertainty dominating sentiment and no clear trend established yet. Speculation is split between those anticipating a deeper correction and others betting on a full-scale recovery. For now, Ethereum remains range-bound, and any breakout attempt must be backed by strong conviction to shift momentum. Bulls must defend the $2,000 level and begin targeting higher resistance zones to spark confidence in a sustained uptrend. Pillows stated that Ethereum is likely exiting what he calls the “manipulation phase” — a confusing, price movement designed to exhaust buyers and sellers. According to Pillows, this phase is nearly over, and Ethereum’s expansion time is about to begin. A confirmed breakout above the $2,200 level would be the catalyst for a new expansion cycle, potentially sending ETH into higher territory in the weeks ahead. Until then, price action will remain sensitive, with the next few sessions crucial in deciding Ethereum’s trajectory. Related Reading: Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance – Analyst But Bulls Face Key Resistance Ahead Ethereum is currently trading at $2,070 after managing to reclaim the $2,000 level—a crucial psychological and technical zone that had acted as resistance in recent weeks. This move marks an important step for bulls who are now trying to solidify momentum and prevent further downside. However, the real test lies ahead, as ETH must reclaim the $2,250 level to initiate a true recovery phase. The $2,250 mark aligns with previous areas of heavy trading activity and could act as the launchpad for a broader uptrend if bulls manage to flip it into support. Successfully retaking this level would likely attract fresh demand and restore investor confidence, especially after the asset shed more than 38% of its value since late February. Related Reading: Chainlink Poised For Recovery If $13 Support Holds – Expert Sets Optimistic Targets Despite the short-term optimism, downside risks remain. If Ethereum fails to hold above $2,000, the market could experience renewed selling pressure, potentially pushing ETH back toward the $1,800 support level. Such a drop would reinforce bearish sentiment and delay any potential recovery rally. For now, traders are watching closely to see if Ethereum can build on its current strength and reclaim higher levels in the sessions ahead. Featured image from Dall-E, chart from TradingView
A crypto analyst has predicted that the Ethereum price could be gearing up for an additional 13% crash to new lows. Currently, the cryptocurrency is hovering near the crucial $2,200 resistance, where a rejection could fuel further volatility and trigger a significant decline. Ethereum Price Set For $1,700 Crash In a recent technical analysis published by MadWhale, a TradingView crypto expert, the Ethereum price is projected to experience a severe price breakdown, declining by 13% to reach $1,700. The analyst attributes this bearish outlook to the cryptocurrency’s recent price action and chart patterns. Related Reading: Ethereum Retests Symmetrical Triangle Pattern, Analyst Sets Next Target MadWhale shared an Ethereum price chart showing that the cryptocurrency is moving within a Descending Channel. This channel is generally a bearish chart pattern formed when two downward-sloping trend lines connect at lower highs and lower lows. It usually indicates a major downtrend, in which sellers dominate the market rather than buyers. Presently, the Ethereum price is fast approaching a main resistance area at $2,200, situated around the upper boundary of the Descending Channel pattern and marked by the red shaded area on the chart. Historically, when its price reaches this area, it often encounters significant selling pressure that leads to a sharp downward price reversal. MadWhale’s analysis suggests that the cryptocurrency may fail to break this critical resistance area, triggering his predicted decline to $1,700. This target aligns with a strong support area where the cryptocurrency has previously found buying interest. Notably, Ethereum’s volume analysis also indicates fluctuating market participation, with no strong signs of bullish drivers or strong momentum. If volume remains low and selling pressure increases, Ethereum is likely to experience further price declines. Analyst Predicts Three Key Targets For Ethereum Despite the ongoing selling pressure and decline in the Ethereum price, crypto analyst Patron on X (formerly Twitter) remains optimistic about the cryptocurrency’s future outlook. The market expert has predicted three bullish targets for the Ethereum price, believing that it is only a matter of time before its present downtrend dissipates. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish The analyst noted that Ethereum had reached a key support level, where a bounce from this threshold could trigger a surge to his projected targets marked by yellow lines on his price chart. With the Ethereum price trading at $1,989 as of writing, the analyst forecasts that it could reach a first target of $2,296, representing a 15.44% increase. After this surge, Patron predicted that Ethereum would reclaim previous highs and rally to $2,913, marking a 46.46% gain. For his final target, he projects a surge to $4,000, reflecting a 101% jump to a new ATH. Notably, the analyst claims that if Ethereum can reach these bullish targets, it could yield a significant 100% profit for investors. Featured image from Unsplash, chart from Tradingview.com
Ethereum has experienced a much-needed surge above the $2,000 level, a key psychological and technical mark that bulls have struggled to reclaim since March 10. This breakout sparked optimism in the market, but the momentum was short-lived, as ETH quickly pulled back below the level and was unable to confirm a solid hold. Analysts widely agree that a strong and sustained move above $2,000 is critical for Ethereum to initiate a broader recovery rally. Related Reading: Dogecoin Forms A Daily Bullish Pattern – Analyst Expects A Breakout To $0.43 Despite the hesitation at resistance, on-chain data shows signs of growing investor confidence. According to Santiment, investors have withdrawn over 360,000 ETH from centralized exchanges in the last 48 hours. This shift is often interpreted as a bullish signal, suggesting that large holders are moving their assets to private wallets, possibly in anticipation of higher prices. Meanwhile, the broader macroeconomic landscape continues to apply pressure. Trade war tensions and unpredictable policy decisions from the U.S. government have weighed heavily on both crypto and traditional markets, intensifying volatility and investor uncertainty. Still, Ethereum’s latest exchange outflows hint at a potential trend shift — one that could favor accumulation and set the stage for the next major move, provided bulls can reclaim and hold above the $2K threshold. Ethereum Faces Critical Test Amid Exchange Outflows Ethereum has lost over 57% of its value since mid-December, falling from a high of around $4,100 to recent lows near $1,750. This sharp correction has created a challenging environment for bulls, who have repeatedly failed to reclaim and hold higher price levels. Now, the $2,000 mark stands as a psychological and technical battlefield. If Ethereum can firmly establish support above this level, it could provide the foundation for a recovery rally. However, a failure to do so would likely result in further downside and reinforce the bearish trend. Related Reading: Ethereum Trades At A Critical Level – Major Reclaim Or Steep Drop Ahead? The current market landscape struggles with uncertainty. On one side, continued macroeconomic headwinds—rising trade tensions, inflation concerns, and policy shifts from the U.S. government—have weakened investor confidence and driven volatility across risk assets. On the other hand, there are signs of potential recovery and accumulation. Top crypto analyst Ali Martinez shared data from Santiment, revealing that investors have withdrawn over 360,000 ETH from centralized exchanges in the past 48 hours. Historically, large-scale withdrawals are considered a bullish signal, as they suggest investors are moving assets into cold storage for long-term holding rather than preparing to sell. This move could indicate growing confidence among large holders and signal the early stages of a new accumulation phase—provided Ethereum can hold above $2,000. Price Holds Steady Below $2,000 Ethereum is currently trading at $1,960 after briefly attempting to reclaim the $2,000 mark in yesterday’s session. The psychological and technical resistance at $2,000 remains a crucial barrier that bulls must overcome to shift market momentum in their favor. Despite a small bounce from recent lows, Ethereum has struggled to gain traction amid persistent market uncertainty. Bulls need to push ETH above $2,000 and reclaim higher levels such as $2,150 and $2,300 to confirm the beginning of a recovery phase. A sustained move above these levels would not only signal a potential trend reversal but could also attract sidelined investors back into the market. Until that happens, Ethereum remains vulnerable to continued downside pressure. Related Reading: XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level If bulls fail to break above the $2,000 resistance in the coming sessions, Ethereum could lose support at current levels and revisit lower demand zones around $1,850 or even $1,750. With the broader crypto market still under the influence of macroeconomic volatility and weak sentiment, the coming days are likely to be pivotal for ETH’s short-term direction. A decisive move either above or below this key range will likely set the tone for the next major price action. Featured image from Dall-E, chart from TradingView
Crypto analyst TradingShot has revealed that the Ethereum price has formed a megaphone bottom which has not been seen since 2020. The analyst revealed what happened the last time ETH formed this bottom, which provides a bullish outlook for the altcoin. Ethereum Price Forms Megaphone Bottom In a TradingView post, TradingShot stated that the Ethereum price has formed a megaphone bottom like in March 2020. He noted that ETH is currently on the first week of a rebound after recording three consecutive red weeks when it could not break above the 1-week MA50. The analyst further remarked that ETH is taking on a lower lows trendline, which is technically the bottom of a 1-year megaphone since the March 11, 2024 high. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 TradingShot claimed that the market is no stranger to long-term megaphone consolidation periods like that. He stated that the Ethereum price eventually broke upward the last time it formed this megaphone between June 2019 and March 2020, which happened after the brutal COVID crash bearish leg that touched bottom. He noted that the March 2020 period is quite similar to the current bearish Ethereum price action since late December. The analyst then highlighted how perfectly aligned the Fibonacci retracement levels are. Based on this development, he predicted that the Ethereum price could at least test the 1.5 Fibonacci extension at $6,000 before this cycle tops at the end of the year. Crypto analyst Crypto Patel also raised the possibility of the Ethereum price rallying to as high as $8,000. He suggested that this parabolic move could happen in phase E of ETH’s bull run. He indicated that ETH could face significant resistance at around $4,050 to this price level. Bullish Fundamentals For ETH Despite its underperformance, the Ethereum price has bullish fundamentals, which could spark a reversal to the upside and cause it to reach new highs. Crypto analyst Alternative Bull revealed that the exchange reserves of ETH are significantly declining. He remarked that this would lead to a limited supply which makes it only a matter of time before ETH goes parabolic. In line with this, the analyst affirmed that the altcoin is still in the early phases of its bull run. Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts Crypto analyst Ali Martinez has also revealed that whales are actively accumulating ETH, which is bullish for the Ethereum price. In an X post, he stated that 360,000 ETH were withdrawn from crypto exchanges in the last 48 hours, a development that could spark a supply shock. It is also worth mentioning that the Ethereum price could soon witness a supply shock through the ETH ETFs. Asset managers like Bitwise have filed with the US SEC to include staking in their funds. If approved, this could take more ETH out of circulation as some institutional investors opt to stake their ETH to receive yields. At the time of writing, the Ethereum price is trading at around $1,969, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Ethereum has experienced a crucial surge above the $2,000 mark, a key level that bulls have struggled to reclaim since March 10. This breakout brings renewed optimism, as analysts believe a stronghold above this level could trigger a rally toward higher prices. However, if ETH fails to maintain support above $2,000, a significant drop could follow, leading to further market instability. Related Reading: On-Chain Data Signals Key Test For Solana At $135 Level – Insights Macroeconomic uncertainty and trade war fears have continued to shake the crypto market, with Ethereum being one of the most affected assets. The recent price action reflects investor caution, as global financial conditions remain unpredictable. Top analyst Jelle shared a technical analysis on X, revealing that ETH is trading at a critical level that will determine its long-term direction in the coming weeks. Bulls must sustain momentum to solidify a bullish structure, while bears are watching for signs of weakness to drive prices lower. With ETH at a pivotal juncture, the next few trading sessions could be decisive for its trajectory. Ethereum at a Crossroads: Breakout or Breakdown? Ethereum has lost over 57% of its value since mid-December, with bulls struggling to reclaim higher prices as selling pressure dominates the market. Despite occasional relief rallies, ETH has remained under key resistance levels, leaving investors uncertain about its next move. Speculation about a potential recovery and a continuation of the downtrend are colliding, as price action shows no clear direction. The $2,000 level has become the ultimate test for Ethereum. Bulls must defend this price with conviction to sustain any meaningful recovery. Losing this support could lead to a sharp decline, pushing ETH into deeper bearish territory. Jelle stated in his analysis that either ETH is about to put in a massive reclaim or it’s about to jump off a cliff. The $2,000 level is the key limit that will determine Ethereum’s next move. If bulls can maintain strength above this mark, a push toward $2,300 and beyond could follow. However, failure to hold $2,000 would signal further downside, with the next major support sitting around $1,750. Ethereum’s fate hangs in the balance, and the coming days will be crucial in deciding whether it regains bullish momentum or continues its descent. Related Reading: XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level Ethereum Battles to Hold $2,000: Key Levels to Watch Ethereum is currently trading at $1,980 after days of struggling below the crucial $2,000 mark. Bulls managed to briefly push the price above this level, but sustaining it is now the real challenge. Holding above $2,000 is critical for Ethereum’s recovery, as it would signal strength and open the door for a rally toward the $2,200 mark. The $2,200 level is the most important resistance for ETH to reclaim in order to confirm a bullish reversal. A successful break and consolidation above this point would indicate that bulls are regaining control, potentially leading to a move toward higher targets. However, if Ethereum fails to hold above $2,000, selling pressure could increase, leading to a deeper correction. A drop below this level could trigger a sharp decline, pushing ETH toward the $1,800 support zone. If this support fails, the next major liquidity level would be around $1,750, where buyers might step in to prevent further downside. Related Reading: Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst Ethereum is at a critical turning point, and the coming sessions will determine whether bulls can establish a strong foothold above $2,000 or if another wave of selling pressure will drive prices lower. Featured image from Dall-E, chart from TradingView
The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a breakout may be on the horizon. The crypto expert who shared this analysis has predicted that Ethereum is set to rebound to $2,600 in this bull cycle. Ethereum CLS Sparks Potential Price Rally David Perk, a TradingView crypto analyst recently published a detailed technical analysis of the Ethereum price. The analyst forecasts that ETH could soon reach $2,600 and beyond in the coming months. Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Perk based his predictions on Ethereum’s daily and monthly CLS. According to his analysis, if Ethereum’s price action can respect its daily CLS and liquidity zone, it could gradually move upward, targeting its monthly CLS of $2,055 before skyrocketing above $2,600. His analysis report described in detail what CLS means and how it can affect a cryptocurrency’s trajectory. Perk disclosed that CLS represents “smart money” across all markets. It is the global settlement system used by major financial institutions, including Foreign Exchange (FOREX) markets. The crypto analyst suggested that CLS processes a massive volume of capital from large investment and central banks, boasting a daily volume of more than $6.5 trillion. In the case of Ethereum, since CLS follows a structured settlement process, traders who track these cycles can potentially anticipate significant price changes and liquidity shifts. Moreover, by knowing when large institutional money is entering or exiting the market, analysts can predict ideal entry and exit points for a cryptocurrency. Perk’s Ethereum price chart shows an area marked in green, which represents the cryptocurrency’s liquidity zone. Additionally, the daily and monthly CLS can be seen, with the former acting as a support area and the latter as a resistance or target for future price movements. ETH Falling Wedge Breakout Targets $2,800 In other news, crypto analyst Marzell has shared a bullish prediction of the Ethereum price in an X (formerly Twitter) post. Marzell announced that Ethereum has successfully broken out of a Falling Wedge pattern. Related Reading: Ethereum Price Recovery: Analyst Predicts Blow Off Top To $3,300 In One Week, Here’s Why The Falling Wedge is known as a common bullish reversal pattern where a cryptocurrency’s price moves within two converging trend lines, forming lower highs and lower lows. Notably, Ethereum has broken out of this wedge, signaling a potential rebound is imminent. The breakout occurred around the $1,991 price point, confirming its bullish momentum. As a result, Marzell predicts that Ethereum could experience a massive rally to $2,821, marking a whopping 41.69% increase from its breakout level. Currently, the price of Ethereum is trading at $2,008, already seeing a rise of 3.7% in the last 24 hours. If a rally to $2,821 occurs, it would represent a surge of approximately 40.5%. Featured image from Unsplash, chart from Tradingview.com
According to an X post by crypto analyst CryptoGoos, Ethereum (ETH) may be nearing the end of a bear trap. The analyst predicts that the cryptocurrency could surge past its recent range high of $4,000, potentially eyeing a new all-time high (ATH) of $10,000. Ethereum Breaking Out Of The Bear Trap? Ethereum appears poised to break free from a potential bear trap, as the second-largest cryptocurrency by market cap continues to trade in the low $2,000 range after enduring a strong sell-off since December 2024. Related Reading: Historical Pattern From 2020 Hints Ethereum Could Be Poised For A Parabolic Rally, Analysts Explain For the uninitiated, a bear trap refers to a false signal that makes it seem like an asset’s price is continuing to fall, tempting traders to short it – only for the price to suddenly reverse and rise, causing those short positions to get liquidated. In a recent X post, CryptoGoos emphasized that ETH may be nearing the end of such a trap. The analyst shared an ETH weekly chart illustrating how the cryptocurrency could be on the brink of a trend reversal after months of relentless sell-offs. Fellow crypto analyst Merlijn The Trader echoed CryptoGoos’ sentiment, highlighting similarities between ETH’s current price action and patterns seen in 2020. He noted that the last time this setup emerged, “panic turned into a historic rally.” Crypto investor Rekt Capital also weighed in, pointing out that Ethereum is trading within a “historical demand area.” The investor stated: If price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2196-$3900 Macro Range (black). If ETH does this before the March Monthly Close, then this entire sub-$2200 downside would end up as a downside wick. ETH About To Exit Accumulation Phase Seasoned crypto commentator Ted shared a chart indicating that ETH has broken out of its short-term accumulation phase. He explained that the digital asset has been in accumulation since its drop from $3,000 to $1,800. Ted added that sustained price action above $2,000 could ignite a significant price rally. Noted analyst Daan Crypto Trades revealed that he recently converted some of his long-term Bitcoin (BTC) holdings into ETH for the “first time in years.” He cited the current ETH/BTC trading pair as presenting an attractive risk/reward setup. Related Reading: Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again? Beyond bullish price action, several technical indicators are signaling a potential ETH rally in the near term. Notably, ETH’s weekly Relative Strength Index (RSI) recently hit a multi-year low – a sign that a trend reversal could be imminent. However, rising ETH reserves on crypto exchanges remain a point of caution, as they could suppress bullish momentum if investors opt to sell. At press time, ETH trades at $2,029, up 7.8% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
Ethereum’s price has now found itself stuck below $2,000 in the past seven days, and it looks like it will continue here into the next few days with little sign of a significant recovery. The second-largest cryptocurrency by market capitalization has struggled under downward pressure since early March, with sellers dominating the wider crypto market. Interestingly, recent technical analysis using Elliott Wave theory suggests that bearish dominance will continue for Ethereum into the foreseeable future. The analysis, posted on TradingView, highlights the formation of an ABC correction pattern, which could dictate Ethereum’s next major move. Ethereum’s Price Structure Points To Extended Correction According to a crypto analyst known as behdark on the TradingView platform, Ethereum’s recent pivot formations, momentum shifts, and wave degrees all indicate an ongoing correction. This interesting outlook is based on the analyst’s count of Elliott Wave, which shows Ethereum appears to be forming an ABC correction pattern. Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? This ABC correction pattern has been playing out since November 2021 and has spanned the last three and half years. The ABC corrective trend is a three-wave pattern in the Elliott Wave Theory of major correction. Wave A represents the initial decline, wave B is a temporary retracement or countertrend move, and wave C is the final downward leg, often extending beyond wave A. It would seem wave B, the second wave in the correction pattern, is now completed or nearing completion after Ethereum broke below a trendline around $2,500 in late February. This means that wave C is set to play out, which is going to extend the current bearish trend. The analyst noted that wave C should be a little bit longer in duration than wave A, hinting at a drawn-out decline to a big demand zone between $760 and $530. Two Demand Zones Identified For ETH The analyst outlined two possible market bottoms for Ethereum, referred to as “Demand 1” and “Demand 2.” The first demand zone is between $1,350 and $1,080, and this is where Ethereum might see some buying pressure that will help put an end to the continuation of wave C. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming However, if the first demand zone fails to hold, the Ethereum price may experience an even deeper correction before finding stability. The next zone of stability, in this case, is between $760 and $530. A move to this level will no doubt send the sentiment surrounding Ethereum to an all-time low. However, it can also provide an opportunity for bullish traders to accumulate, as the next move after this zone is the beginning of the next five impulse waves. Deviating from the negative outlook, the analyst pointed out an invalidation level at $2,941. If Ethereum manages to close a daily candle above this level, the bearish scenario would be nullified. At the time of writing, Ethereum is trading at $1,930. Given the current structure of price action, the likelihood of Ethereum breaking above $2,941 in the short term appears slim. Featured image from Unsplash, chart from Tradingview.com
Ethereum has faced intense selling pressure over the past few weeks, with its price falling below the $2,000 threshold. This intense run of declines saw the cryptocurrency reach a low of $1,750 on March 11, marking its lowest point since November 2023. However, despite this steep drop, a new technical setup suggests Ethereum could be on the verge of a bullish turnaround, as it now retests a key resistance level on the 4-hour chart. Ethereum Retests Critical Resistance After Rebound Ethereum’s price action has been full of downtrends and many investors exiting their positions since the beginning of March. As such, Ethereum broke finally below $2,000 on March 10 after support failed to hold, and has spend the past week trading below this level. Related Reading: Ethereum, Dogecoin Lead Large Cap Losses As Bitcoin Moves Into Bear Market Territory Although after sinking to $1,750, Ethereum has shown signs of recovery and has now rebounded to around $1,900. This little price action of recovery has brought the cryptocurrency back to a downward-sloping resistance trendline, a level that has acted as a barrier to brief upward movements of accumulations during the recent downtrend. The test of this resistance now presents a potential breakout scenario where bullish momentum flows into Ethereum. An analyst on TradingView highlighted this setup, noting that a breakout above the resistance trendline could open the doors for a significant rally above $2,000. Analyst Sets Bullish Price Targets For ETH Despite the prevailing bearish sentiment that continues to weigh heavily on the broader crypto market, a TradingView analyst has identified a bullish trade setup on Ethereum’s 4-hour candlestick chart. This suggests that despite the recent decline, there remains a degree of optimism among some analysts and investors who believe Ethereum could soon regain its bullish footing. Related Reading: Ethereum In 2024 Vs. 2025: What Important Technical Indicators Are Saying According to the analysis, a confirmed breakout above $1,885 could serve as an ideal entry point. At the time of writing, Ethereum is yet to break above the downward sloping resistance trendline, as the breakout point is currently set just below $2,000. If Ethereum were to eventually break above the resistance, the analyst noted a probable price target of $2,596. On the flip side, the analysis advices placing a stop loss at $1,700, meaning the setup is structured to manage risk while aiming for substantial gains. This is in case if the bearish momentum is too great to be overcome, and the Ethereum price gets rejected again at the resistance trendline. Given the high-risk reward ratio, the analyst advised watching for a surge in volume, which would provide confirmation that Ethereum is breaking out with momentum. At the time of writing, Ethereum is trading at $1,895. Price action in the past 24 hours saw Ethereum reach an intra-day high of $1,950 before rejecting. However, the leading altcoin is still rolling around this resistance trendline, and there is a chance of a push upward again in the next 48 hours. Featured image from Unsplash, chart from Tradingview.com
Ethereum is currently consolidating below the $2,000 mark, trading within a narrow range between $1,800 and $1,900 as market uncertainty persists. Bulls have lost control, and speculation about a potential continuation of the bear trend is growing among analysts and investors. With macroeconomic instability, rising trade war fears, and erratic policy decisions from US President Trump, both crypto and U.S. stock markets remain highly volatile, adding to Ethereum’s struggles. Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target To highlight Ethereum’s fragile position, top analyst Mister Crypto shared a technical analysis revealing that ETH is currently testing a 5-year-long trendline, a crucial level that has historically acted as strong support during major corrections. If Ethereum fails to hold this trendline, the market could see a deeper decline, reinforcing bearish sentiment and potentially pushing ETH toward lower demand zones. On the other hand, if Ethereum holds above this trendline, it could trigger a strong recovery, offering hope for bulls looking for a reversal. Over the coming days, Ethereum’s reaction at this level will determine its next major move, making this a pivotal moment for the second-largest cryptocurrency. Ethereum Faces Crucial Test as It Trades Below Multi-Year Support Ethereum has been under massive selling pressure, driven by macroeconomic uncertainty and trade war fears that have rattled both the crypto and U.S. stock markets. With risk assets struggling to find stability, ETH has lost key price levels and now trades below a critical multi-year support around $2,000, which could flip into strong resistance if bulls fail to reclaim it. Related Reading: 130,000 Ethereum Moved Off Exchanges – Bullish Signal? Analysts warn that Ethereum’s downtrend may continue as broader economic conditions show no signs of improvement. Investors remain cautious, with global trade tensions, inflation concerns, and U.S. regulatory uncertainties weighing on market sentiment. However, despite these bearish factors, some experts believe Ethereum could be preparing for a long-term recovery. Mister Crypto’s technical analysis on X highlights that Ethereum is currently testing a 5-year-long support trendline, an even stronger level than the $2,000 demand zone. According to his insights, this trendline has historically held during major corrections and served as a key turning point for bullish reversals. If Ethereum maintains support above this level, it could trigger a significant recovery rally, pushing ETH back above $2,000 and beyond. Over the coming weeks, Ethereum’s price reaction at this crucial trendline will determine whether a reversal is on the horizon or if the bearish trend will extend further. ETH Bulls And Bears Battle For Control Ethereum is now at a crucial crossroads, with bulls struggling to reclaim the $2,000 mark, while bears fail to push ETH below $1,800. This prolonged consolidation phase has left investors uncertain about the next major move for ETH. For a recovery rally to take shape, bulls must reclaim the $2,300 level, which aligns with the 4-hour 200 moving average (MA) and exponential moving average (EMA). Breaking above this level would signal a shift in momentum and pave the way for further upside toward key resistance zones. However, failure to reclaim the $2,000 mark and hold above crucial moving averages could trigger another wave of selling pressure. A decisive drop below $1,800 would put Ethereum in dangerous territory, opening the door for a potential retest of lower demand zones around $1,600-$1,700. Related Reading: Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming? With macroeconomic uncertainty and market-wide volatility still in play, ETH traders should watch for a breakout or breakdown from the current range, as the next few sessions will determine the short-term trend for Ethereum. Featured image from Dall-E, chart from TradingView
According to an X post by crypto analyst Mister Crypto, Ethereum (ETH) could be on the verge of a massive rally. The analyst highlighted similarities between the current ETH price action and that of 2020, following the COVID market crash. Ethereum On The Cusp Of Trend Reversal? Ethereum’s subdued price action may soon come to an end, as multiple analysts point toward a potential trend reversal for the second-largest cryptocurrency by reported market cap. Analyst Mister Crypto shared the following chart, outlining the similar chart patterns. In the chart, the analyst illustrates how ETH is currently forming a price pattern similar to what was observed during the COVID pandemic in 2020. At that time, ETH experienced a sharp trend reversal to the upside following the infamous March 2020 crash. Related Reading: Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again? Similarly, ETH may be preparing to resume bullish momentum after the recent Bybit exchange hack. For the uninitiated, the Bybit crypto exchange hack resulted in ETH worth $1.5 billion being stolen. Mister Crypto’s thoughts were echoed by fellow crypto analyst Merlijn The Trader. In a separate X post, the analyst stated that ETH is likely repeating its historical cycle, which typically sees capitulation before a massive run-up. In addition to the COVID crash, the analyst highlighted the Luna crash of 2022 as another instance when bearish sentiment surrounding ETH was at its peak. However, the digital asset quickly overcame the pessimism, going on to experience a massive 270% rally. Multiple Indicators Point Toward ETH Rally Beyond the bullish historical patterns, multiple indicators suggest a potential rally for ETH. In an X post, crypto analyst TraderPA remarked that Ethereum is currently oversold at its present price and that the weekly Stochastic Relative Strength Index (RSI) is signaling a potential rebound. To explain, the weekly Stochastic RSI is a momentum indicator that measures the relative position of an asset’s current price within its recent price range over a week. When the fast line (blue) crosses above the slow line (orange) in the oversold zone, it signals potential upward momentum, indicating a buying opportunity. Related Reading: Ethereum Weekly RSI Drops To Lowest Level Since May 2022 – More Selling Pressure Ahead? Furthermore, crypto analyst Decode highlighted the importance of Elliott Wave Theory in predicting ETH’s price momentum. The analyst explained: Sentiment on Ethereum is bearish beyond anything I have ever seen, so whilst lower targets are still available, it’s possible we’ve done enough at the 1.236 extension of C vs A to complete this wave 4. The eventual reversal will be the most hated rally ever seen in crypto. That said, rising ETH exchange reserves could delay any quick price recovery. At press time, ETH trades at $1,911, up 0.9% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Ethereum (ETH) is trading at its lowest levels since late 2023, struggling to regain momentum after an extended period of selling pressure. Since December 2024, ETH has lost over 57% of its value, failing to reclaim key resistance levels. With the broader crypto market facing macroeconomic uncertainty and persistent volatility, Ethereum’s downtrend appears far from over. Related Reading: 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation? Despite the ongoing decline, on-chain data suggests that large investors may be positioning for a recovery. According to CryptoQuant, whales have moved over 130,000 ETH off exchanges in the past week, signaling a growing accumulation trend. This pattern has been developing since Ethereum started trending downward, suggesting that institutional players and long-term holders are buying the dip in anticipation of future price appreciation. While short-term sentiment remains bearish, historical data shows that large whale accumulations often precede strong rebounds once selling pressure fades. However, ETH still faces significant resistance, and bulls must reclaim key levels to confirm a potential trend reversal. With market uncertainty still looming, the next few weeks will be critical in determining Ethereum’s next major move. Ethereum Whale Activity Hints At Optimism Ethereum has been under massive selling pressure, struggling amid macroeconomic uncertainty and trade war fears that have shaken both the crypto market and the U.S. stock market. ETH is now trading below a multi-year support level, which could act as a strong resistance in the coming weeks. If bulls fail to reclaim key price levels, the stage could be set for a deeper correction. However, not all indicators are bearish. Despite the ongoing downtrend, some analysts remain optimistic about Ethereum’s long-term prospects. Top analyst Ali Martinez shared insights on X, revealing that whales have moved over 130,000 ETH off exchanges in the past week. This is significant because large investors typically move their holdings off exchanges when they plan to hold for the long term rather than selling. When whales transfer ETH into private wallets, it often signals accumulation rather than immediate selling pressure. Historically, such trends have preceded market rebounds, as reduced exchange supply can contribute to price stability and future upside potential. Related Reading: Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming? While Ethereum still faces major hurdles, whale activity suggests that smart money is positioning itself for the next move. The next few weeks will be crucial in determining whether ETH can reverse its downward trend or if further declines are ahead. Bulls Fight to Hold Key Levels Ethereum is currently trading at $1,904, struggling to regain momentum after days of consolidation below the $2,000 mark. The ongoing selling pressure has kept ETH under key resistance, making it difficult for bulls to reverse the trend and start a recovery. For Ethereum to regain a bullish outlook, bulls must reclaim the $2,000 level as soon as possible. A sustained push above this resistance would signal strength and could set the stage for a rally toward higher levels, potentially testing $2,250–$2,400 in the coming weeks. However, if ETH loses current levels of demand, the next major liquidity zone sits around $1,600. A breakdown below $1,750 could trigger further sell-offs, leading to an extended bearish phase that could delay any potential recovery. Related Reading: Cardano Is ‘About To Break Free’ – Breakout Above Crucial Supply To Trigger A Big Move–Analyst With whale accumulation increasing and on-chain data suggesting reduced exchange supply, some analysts believe Ethereum could soon attempt a breakout. However, macroeconomic conditions and overall market sentiment remain critical factors in determining ETH’s short-term trajectory. Bulls will need strong buying pressure to reclaim lost ground and avoid a deeper decline. Featured image from Dall-E, chart from TradingView
Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900. The broader crypto market remains under heavy bearish control, and ETH has lost over 57% of its value, making it increasingly difficult for bulls to stage a recovery. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? With Ethereum now below a multi-year support level, this zone could flip into strong resistance, further complicating any potential rebound. The market is in a highly volatile phase, and traders are watching closely for signs of strength or further downside risks. On-chain data highlights two key price levels for Ethereum’s immediate trajectory. $1,870 currently serves as its critical support; meanwhile, $2,050 is now its most challenging resistance, acting as a major barrier that ETH must reclaim to confirm a trend reversal. For now, Ethereum remains vulnerable, with uncertainty driving price action. If bulls fail to defend current support, ETH could see further declines, but a successful reclaim of resistance could spark renewed confidence in the market. The next few days will be crucial in determining ETH’s short-term direction. Ethereum Faces Critical Test As Bulls Struggle To Reclaim $2,000 Ethereum is at a crucial turning point, trading near its lowest level since October 2023 as bears maintain control. After weeks of selling pressure and uncertainty, bulls must reclaim the $2,000 mark as soon as possible to prevent further downside and restore market confidence. Related Reading: Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800 The broader macroeconomic landscape remains uncertain, with trade war fears and global financial instability weighing heavily on both crypto and US stock markets. These factors have set the stage for a potential deeper correction, leaving investors on edge. However, some analysts believe a market recovery is still possible in the coming months, particularly if Ethereum can regain key resistance levels. Top analyst Ali Martinez recently shared on-chain metrics, identifying $1,870 as Ethereum’s strongest support level. This means that if ETH breaks below this zone, a further decline could be imminent. On the upside, $2,050 is now Ethereum’s most challenging resistance, acting as a crucial barrier that bulls must overcome. If Ethereum successfully reclaims $2,050, it will signal a strong trend reversal, potentially setting the stage for a powerful recovery rally. The next few trading sessions will be critical, as ETH must either hold its ground or risk further downside, with investors closely monitoring price action. ETH Bulls Must Hold Above $1,900 Ethereum is currently trading at $1,920, following days of consolidation below the crucial $2,000 level. Despite attempts to push higher, bulls have struggled to reclaim lost ground, leaving ETH in a vulnerable position. To confirm a recovery, ETH must break above the $2,000 mark and push beyond the 4-hour 200-moving average (MA) and exponential moving average (EMA) around $2,400. A successful reclaim of these levels would signal renewed buying momentum, potentially setting the stage for a strong rally toward higher resistance zones. However, if Ethereum fails to reclaim these levels, selling pressure could intensify, driving ETH toward lower demand zones around $1,750. A breakdown below this level would put even more pressure on bulls, potentially leading to further downside and extended bearish sentiment. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? With market conditions still fragile, ETH’s short-term direction remains uncertain. Bulls must step in soon to defend key levels, or Ethereum risks losing further ground, making a quick recovery much more difficult. The next few days will be crucial, as ETH traders watch for a breakout or further downside movement in response to broader market trends. Featured image from DALL-E, chart from TradingView
A new technical analysis suggests that the crypto market, which includes altcoins like Ethereum (ETH) and Dogecoin (DOGE), is about to experience a major altcoin season that could last 217 days. If critical support levels are maintained, the analyst suggests that we may finally see the long-anticipated altcoin season. Ethereum And Dogecoin To See An Altcoin Season Soon Sporia, a TradingView crypto analyst, has shared a detailed technical analysis of the altcoin market. The analysis highlights key indicators within the Total2 chart, which represents the total crypto market cap excluding Bitcoin. The market expert emphasizes the importance of holding a critical support level, noting that the highly anticipated altcoin season could finally begin if this zone is maintained. Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Notably, top cryptocurrencies like Ethereum and Dogecoin could benefit from this market shift into an altcoin season. The analyst also noted that current market conditions coincide with Fibonacci time sequences, which may signal an inflection point for altcoin prices. Sporia shared a price chart, describing it as his secret weapon in determining bottom signals for altcoins. Since 2022, the chart has indicated a significant bottom each time the market encountered resistance at a crucial point. As of this week, the chart has recorded a bottom, marking the fourth hit around the critical resistance zone. The analyst has expressed excitement about this trend, solidifying his confidence in a strong altcoin season. He further underscores that the alignment of events, including key support line formations during the week of the Fibonacci time sequences, indicates the heightened possibility of a major market shift. While tracking Fibonacci-based time cycles, Sporia revealed that the first two hits did not trigger any major events, but the third hit at the 2.618 level led to a significant pivot. Currently, this fourth hit at the 3.618 level coincides with the August 2024 altcoin crash, which mirrored the COVID crash in the last cycle. This suggests a 50% accuracy rate for the current Fibonacci sequence, making it an ideal target to watch for a potential bottom and pivot. Altcoin Market Bull Rally To Last Only 217 Days Diving further into his analysis, Sporia predicts that the altcoin market could rally for 217 days, peaking by October 13, 2025, roughly 20 to 30 days after Bitcoin reaches its projected cycle top. He argues that, historically, Bitcoin has always hit a cycle top before altcoins. Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge In 2021, Bitcoin peaked in April, and the altcoin market topped 28 days later. Similarly, in 2017, Bitcoin reached the top of the market, and altcoins followed 22 days later. For this market cycle, Sporia projects that Bitcoin will hit its highest point by mid-September after a typical 1,050-day cycle from its previous market bottom. Notably, the analyst revealed that the last time the altcoin market hit the 3.618 Fib level, its total market capitalization surged to $5 trillion. Overall, Sporia has indicated a 99% surety that the altcoin market will bottom so long as the key diagonal support holds. If it does, he highlights that the market should expect a V-shaped recovery and an uptrend lasting for 217 days. Featured image from Unsplash, chart from Tradingview.com
Ethereum (ETH) has been stuck in a tight range, trading below $1,900 and above $1,750 after days of heavy selling pressure. The broader crypto market remains under stress, with fear dominating sentiment and keeping ETH from regaining momentum. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? The downturn is largely driven by macroeconomic uncertainty and escalating trade war fears, which have shaken both crypto and the U.S. stock markets. As investors brace for further volatility, some fear that the market is setting up for a deeper correction. However, not all analysts are bearish. Some believe that a recovery could be on the horizon in the coming months, especially if technical indicators begin to show strength. Top analyst Daan shared insights on X, revealing that Ethereum has been consolidating since the major sell-off and has formed a falling wedge pattern—a bullish formation that could indicate a local trend reversal. For now, ETH remains at risk of further declines, but if this pattern plays out, Ethereum could soon break out of its consolidation range and start building momentum for a recovery. The next few weeks will be crucial in determining whether ETH can stabilize or if more downside is ahead. Ethereum Falling Wedge Could Signal a Reversal Ethereum has lost over 57% of its value, creating a challenging environment for bulls as selling pressure continues. ETH is now trading below a multi-year support level, which has flipped into strong resistance. As long as Ethereum remains below the $1,900–$2,000 range, bulls will struggle to regain momentum, keeping bearish sentiment intact. The entire crypto market has mirrored this weakness, experiencing a significant breakdown alongside the U.S. stock market. Global trade war fears and uncertainty surrounding U.S. President Trump’s policies have further fueled the sell-off in risk assets. Since the U.S. elections in November 2024, macroeconomic volatility and rising uncertainty have driven markets lower. With the U.S. stock market hitting its lowest levels since September 2024, investors remain on edge, questioning if Ethereum has further downside ahead. Despite this bleak outlook, there is some optimism. Daan’s insights suggest that Ethereum has been consolidating since the major drop and has formed a falling wedge pattern. This bullish formation could lead to a local trend reversal if ETH breaks out and holds above resistance. For this potential recovery to materialize, ETH must break above the white zone and reclaim $2,000. If this happens, bulls could start testing higher levels and build momentum for a broader market recovery. However, the ETH/BTC ratio remains near multi-year lows, showing only minor resilience in recent days. Sustained strength is needed before a real reversal can take place. Related Reading: Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels? With Ethereum still struggling, the next few weeks will be crucial in determining whether this falling wedge breakout can lead to a meaningful rally or if the downtrend will continue. Bulls Struggle Around $1,900 Ethereum is currently trading at $1,900, after days of struggling below the crucial $2,000 mark. Bulls have lost control, and ETH is now at its lowest levels since October 2023, reflecting the broader market uncertainty and ongoing bearish sentiment. With macroeconomic volatility and trade war fears weighing heavily on risk assets, Ethereum continues to face selling pressure, making it difficult for bulls to build momentum for a recovery. The longer ETH stays below $2,000, the stronger the resistance at this level becomes, pushing buyers further out of the market. For Ethereum to avoid deeper losses, bulls must reclaim the $2,000 mark as soon as possible and establish it as a new support level. A break and hold above this threshold could trigger a recovery rally, allowing ETH to test higher resistance zones. However, losing current levels would leave ETH vulnerable to another drop, potentially retesting support near $1,750 or lower. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time The next few days will be critical, as bulls need to step in and defend current demand to prevent further downside. If they fail to do so, Ethereum could extend its bearish trend into deeper territory. Featured image from Dall-E, chart from TradingView
Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result like the flagship witnessed in that cycle. Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts The analyst admitted that Ethereum has been under heavy pressure since early December last year and almost touched the 12-month falling support this week. However, despite this development, the Cryptagon suggested that this is not the time to be bearish on ETH, as it could still reach new highs as it mirrors Bitcoin’s 2021 cycle. He noted that in the 2021 cycle, a rebound on the falling support caused a massive breakout above the falling resistance and the Bitcoin price rallied to the 1.618 Fibonacci extension. In line with this, the Cryptagon predicted that Ethereum could at least reach $8,000 in this market cycle as it repeats a similar price action. This bullish outlook for Ethereum comes amid record selling, which threatens any bullish reversal for ETH. In an X post, Cryptoquant founder Ki Young Ju revealed that Ethereum has faced record active selling over the past three months. This has contributed to ETH’s underperformance, with the altcoin being outperformed by other major altcoins like XRP and Solana over this period. While XRP touched its current all-time high (ATH) and SOL hit a new ATH, ETH has yet to come anywhere close to its current ATH. The Most Important Price Level For ETH At The Moment In an X post, crypto analyst Ali Martinez, revealed that $1,887 is the most important support level for Ethereum at the moment. At this level, investors bought 1.63 million ETH. A drop below this level could lead to another massive crash for the second-largest crypto by market cap, with many of these investors possibly selling off their coins in order to cut their losses. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Martinez has already raised the possibility of Ethereum crashing to as low as $800. He noted that the $4,000 price level had been holding a strong horizontal resistance trendline. However, ETH recently broke out of this trendline, which has significantly increased the probability of a 70% price drop to this $800 target. At the time of writing, the Ethereum price is trading at around $1,893, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023. Bulls are now under pressure, as they must defend the current demand zone to prevent further downside and restore investor confidence. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time Market conditions remain fragile, with Ethereum struggling to find strong buying interest. If bulls fail to hold current support levels, ETH could see further declines, adding to the bearish sentiment that has dominated the market in recent weeks. On-chain data from CryptoQuant reveals that Ethereum’s Net Taker Volume remains at a low level, indicating that selling pressure is still strong. This suggests that market participants are leaning bearish, with more sell orders than buy orders dominating Ethereum’s price action. With ETH trading in a vulnerable position, the next few days will be crucial. If bulls can stabilize the price and push ETH back above $1,900, a potential recovery could begin. However, if selling pressure persists, Ethereum may continue its downward trend, testing lower support levels in the coming weeks. Ethereum Faces Heavy Selling Pressure Ethereum has lost over 57% of its value, creating an extremely difficult environment for bulls as the market remains in a deep downtrend. Currently, ETH is trading below a multi-year support level, which has now turned into a strong resistance zone. As ETH struggles to break back above the $1,900–$2,000 range, the bearish trend continues, with bulls failing to regain momentum. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance The entire crypto market has suffered a breakdown, mirroring weakness in the U.S. stock market, as global trade war fears and growing uncertainty surrounding U.S. President Trump’s policies shake investor confidence. Since the U.S. elections in November 2024, macroeconomic volatility and uncertainty have been the dominant forces in driving markets lower. With no clear resolution in sight, investors remain cautious, as the U.S. stock market has now reached its lowest levels since September 2024. Top analyst Quinten Francois shared data on X, revealing that Ethereum’s Net Taker Volume is at historic lows, signaling intense selling pressure. This indicates that sellers continue to dominate the market, preventing ETH from staging any meaningful recovery. Until buyers step in with strong demand, ETH may remain stuck in a bearish phase, with further downside risk if key support levels fail. With Ethereum struggling below critical resistance and selling pressure increasing, the next few weeks will be pivotal in determining whether ETH can stabilize or if the market will see further losses. If bulls cannot reclaim lost ground, Ethereum could face even deeper corrections in the near term. ETH Stuck In Range As Bulls Fight to Reclaim $2,000 Ethereum is currently trading at $1,880, remaining range-bound between $1,750 and $1,950 since last Monday. This tight trading range has kept ETH in a consolidation phase, with neither bulls nor bears gaining full control over price action. For Ethereum to start a recovery rally, bulls must push the price back above $2,000 as soon as possible. A break and close above this psychological level would indicate renewed buying momentum, allowing ETH to potentially test higher resistance levels. However, Ethereum remains in a fragile position, as selling pressure continues to weigh on the market. If ETH fails to hold its current levels and breaks below $1,750, it could result in a steady continuation of the downtrend, with further downside risks emerging. Bears would likely target lower support zones, extending the bearish phase and delaying any chance of a sustained recovery. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple With uncertainty still dominating the market, traders are closely watching whether Ethereum can break out of this range or if it will extend its decline, following the broader market’s risk-off sentiment. The next few trading sessions will be critical for ETH’s short-term direction. Featured image from Dall-E, chart from TradingView
Ethereum’s price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom. Notably, an interesting signal of a probable outcome has been revealed through the Ethereum CME Futures chart, where the monthly Relative Strength Index (RSI) just reached its lowest level on record, surpassing the readings from the 2022 bear market. Ethereum’s Monthly RSI Drops Below 2022 Levels Crypto analyst Tony “The Bull” Severino has highlighted a significant development in Ethereum’s technical indicators, pointing out that the cryptocurrency’s monthly Relative Strength Index (RSI) on the CME Futures chart has now fallen to its lowest level on record. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 This decline has pushed the RSI below the 2022 bear market bottom, a period that saw Ethereum reach multi-year lows before eventually staging a recovery. Severino shared this observation in a detailed technical analysis post on social media platform X, using Ethereum’s Futures monthly candlestick timeframe chart. The analyst noted that although this drop suggests strong selling momentum, it could also be forming a hidden bullish divergence. This is because the last time Ethereum’s RSI dropped to such extreme lows, it eventually found its footing around $900 and embarked on a price uptrend in the months that followed. This previous performance raises the possibility of Ethereum approaching a bottom, despite its current downward momentum. It is possible that Ethereum has now found a footing around $1,900 and is now gearing up for another uprend in the coming months. However, Severino remained cautious about the situation, stating that the reading could also mean that the selling pressure is at its strongest and could continue driving Ethereum lower into oversold conditions. Interestingly, he also made it clear that despite the potential for a reversal, he is currently leaning more toward a bearish outlook on Ethereum. Stochastic Indicator Points To A Deeper Bearish Phase Beyond the RSI levels, another key indicator that Severino highlighted is Ethereum’s one-month Stochastic oscillator, which has now dropped below the 50 mark. In a previous analysis, he noted that Ethereum’s drop below the 50 mark is characteristic of a bear maket territory. However, it typically does not find a bottom until the Stochastic indicator reaches below 20 and is in extreme oversold conditions. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish As shown by the chart below, past trends indicate that when Ethereum’s Stochastic oscillator enters bear market territory, it often takes months before the asset stabilizes and begins a strong recovery. At the time of writing, Ethereum is trading at $1,920, having recently reached a low of $1,851 in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
The cryptocurrency market is facing a seemingly never-ending decline, with Ethereum (ETH) and Dogecoin (DOGE) leading the losses among large-cap digital assets. This correction comes as the broader market sentiment turns bearish and cautious while Bitcoin (BTC) experiences persistent volatility and moves into bear market territory. Ethereum And Dogecoin Market Cap Takes A Hit Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a significant drop in its market cap in the last 24 hours. While the price of Ethereum has declined to $1,910, its market cap has also gone down approximately 7.8%. Related Reading: Here’s Why Bitcoin, Ethereum, And The Entire Crypto Market Is Crashing Today A combination of factors has contributed to this unfortunate drop in valuation, including investor caution ahead of key economic reports and ongoing bearish sentiments. While Ethereum’s trading volume seems to be the only metric in the green, jumping by 80%, liquidations persist as traders exit their positions ahead of further losses. On a similar note, Dogecoin, the number one meme coin, has experienced steep losses in both its value and market cap. Despite its 30.5% increase in trading volume, Dogecoin’s market cap has fallen by 6.6%. This decline follows a recent surge in meme-based cryptocurrencies earlier this year, which appears to be losing momentum. As of writing, the Dogecoin price is trading at $0.16, reflecting a deep correction of 16.8% in the last seven days and a massive 37% crash over the past month. Notably, the decline in Dogecoin and Ethereum’s market cap is the highest in the last 24 hours, with coins in the top 10 experiencing a less than 2% drop. This massive drop in both cryptocurrencies comes as analysts confirm that Bitcoin has entered bear market territory. Bitcoin And Altcoins Enter Bear Market According to crypto analyst Tony Severino, Bitcoin may have entered bear market territory as the pioneer cryptocurrency faces decreasing momentum. Severino’s analysis applies the Elliott Wave Theory, which claims that the bear market for altcoins started in 2022, coinciding with Bitcoin’s Wave 5. Related Reading: Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time During this period, the market saw a rise in interest rates and Quantitative Tightening (QT), where central banks reduced liquidity in financial markets. Since altcoins thrive when there is excess liquidity, economic tightening has led to weak performance for these digital currencies. Severino argues that Bitcoin’s Wave 5 lacked the usual strength of a true bull market top. Based on the Elliott Wave Theory, the fifth wave has always been weaker than the third in terms of price speed, volume, and breadth. The analyst also referenced a textbook that explains that Wave 5 tends to be sideways and weak, often preceding the bear market as it indicates waning momentum. The overall conclusion of Severino’s analysis is that the altcoin bear market, which began more than three years ago, has never really ended since economic conditions haven’t returned to what they were before 2022. Featured image from Unsplash, chart from Tradingview.com
Crypto analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level. Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle. The upper boundary acts as long-term resistance, and the lower boundary provides dynamic support. This analysis comes amid ETH’s recent decline below $2,000. Related Reading: Ethereum Retests Symmetrical Triangle Pattern, Analyst Sets Next Target The analyst noted that after a steady climb, the Ethereum price started showing weakness, confirmed by a head and shoulders pattern, which she claimed is a common sign that the trend might reverse. This weakness led to a strong drop for ETH, bringing its price down to the key support zone around $2,000. Trend Diva stated that this support area is important for the Ethereum price because it meets with a major trendline, making it a likely spot where buyers could step in. She added that the volume profile also shows a lot of activity in this zone, meaning traders have been interested in these levels before. The analyst further remarked that if the Ethereum price holds above this $2,000 support, it could bounce towards the $2,800 level, which represents a previous resistance. However, she revealed that a breakdown below the trendline shifts the bias bearish towards $1,414. For now, as long as ETH stays above $2,000, a rebound to $2,800 is still on the horizon. It is worth mentioning that the Ethereum price briefly lost the $2,000 support level following a crypto market crash on Sunday. As such, there is also the possibility that it could drop to as low as $1,414 as Trend Diva warned. A Drop To As Low As $1,250 Is Also On The Cards In an X post, crypto analyst Ali Martinez said the Ethereum price seems to be breaking out of a parallel channel. He added that ETH could drop to as low as $1,250 if momentum sustains. ETH whales look to be doing everything possible to defend the $2,000 support zone and prevent Ethereum from dropping to these new lows. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Martinez revealed that the largest whales on the network have bought 330,000 ETH in the last 48 hours. This massive whale accumulation could help prevent further downside pressure and possibly spark a bullish reversal for the Ethereum price. At the time of writing, the Ethereum price is trading at around $2,065, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Ethereum (ETH) has been struggling around the $2,200 level, with bulls unable to reclaim higher prices despite multiple attempts. The market sentiment remains bearish, as ETH continues to face selling pressure even after Thursday’s announcement of the US Strategic Bitcoin Reserve, which many had expected to boost overall confidence in the crypto sector. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? As ETH hovers near critical demand levels, analysts believe that the next week will be crucial in determining its short-term direction. If bulls can defend key support zones, Ethereum may have a chance to regain momentum. However, failure to hold these levels could lead to further downside pressure. Top analyst Carl Runefelt shared a technical analysis on X, highlighting that Ethereum is breaking out of a pattern that often signals a potential breakout. If ETH follows this setup, it could push into higher resistance zones and reclaim key price levels above $2,500. However, confirmation of this breakout is needed, as market volatility remains high. Ethereum Bulls Hope For A Recovery Ethereum has suffered a steep decline, losing over 50% of its value since late December, triggering fear and panic selling across the market. Once a leader in previous bull cycles, ETH is now struggling to regain momentum, leading many analysts to question whether the long-awaited altseason will happen this year. With Ethereum and most altcoins unable to reclaim bullish structures, the market remains under bearish control, keeping investors cautious. Despite the negative sentiment, there is still hope for a recovery as Ethereum approaches key technical levels that could determine its next move. Runefelt’s remarks reveal that ETH is breaking above a descending triangle pattern, a setup that often signals a trend reversal. However, confirmation is crucial, as many past breakouts have turned into fakeouts, trapping traders in further downside moves. For Ethereum to solidify a bullish breakout, it must push above and close above $2,300. This level is a key resistance zone, and flipping it into support would indicate renewed buying strength, potentially opening the door for a push toward $2,500 and higher price targets. Related Reading: Solana Consolidates In A Wide Range – Big Move On The Horizon? Until this confirmation happens, Ethereum remains at risk of further declines if sellers regain control. Traders and investors are closely watching whether ETH can maintain its breakout attempt or if it will face another rejection, extending its bearish trend into the coming weeks. ETH Key Levels To Watch Ethereum is currently trading above the $2,000 support level, a crucial last line of defense for bulls hoping to see strong performance this year. Holding this level is essential, as a breakdown below $2,000 could trigger further downside, reinforcing bearish sentiment in the market. Despite this, bulls have struggled to reclaim higher prices, leaving investors frustrated with ETH’s lack of momentum. Recent price action has been choppy and indecisive, with each attempt at a breakout quickly met with selling pressure. This has kept ETH stuck in a tight range, preventing a clear shift in market sentiment. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst However, a decisive reclaim of $2,300 could mark a turning point. If ETH pushes above and holds this level, it would likely open the door for a move toward $2,500, strengthening the case for a recovery rally. Until then, traders remain cautious, as Ethereum’s struggle to gain traction continues to weigh on the broader altcoin market. Featured image from Dall-E, chart from TradingView
Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst Analysts expect even more volatility following US President Trump’s executive order on Thursday, which established a Strategic Bitcoin Reserve. While the announcement was expected to boost market sentiment, it introduced more uncertainty, leaving investors unsure of its long-term impact on the crypto space. Despite the ongoing decline, on-chain data from Santiment reveals a bullish signal—330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. Such large outflows often indicate investors moving ETH into private wallets, suggesting reduced selling pressure and possible long-term accumulation. With Ethereum hovering at key support levels, the coming days will be critical in determining whether ETH stabilizes or faces further downside. If market sentiment improves and exchange outflows continue, Ethereum could see a strong recovery. However, if selling pressure persists, another leg down remains a possibility, keeping traders on high alert. Ethereum Faces A Critical Test Ethereum has lost over 50% of its value since late December, triggering massive fear and panic selling across the market. Once a leading force in crypto rallies, ETH is now struggling to regain momentum, leaving investors questioning whether the long-awaited altseason will materialize this year. Many analysts speculate that it won’t, as Ethereum and most altcoins continue to struggle, unable to reclaim bullish settings or establish a clear recovery trend. Despite the bearish sentiment, there is still hope for a rebound, as on-chain data suggests potential bullish catalysts. Ali Martinez shared Santiment data, revealing that 330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. This significant outflow could indicate that investors are moving ETH into private wallets, reducing immediate selling pressure and potentially setting the stage for a supply squeeze. A supply squeeze occurs when the available supply of an asset on exchanges decreases, making it harder for sellers to push prices lower. If Ethereum continues to hold key demand zones and buying pressure increases, the reduced exchange supply could drive a strong recovery toward higher price levels. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? For now, traders are watching whether ETH can stabilize and reclaim critical resistance levels. If bulls regain momentum, Ethereum could start a recovery trend in the coming weeks. However, if selling pressure persists, another wave of downward movement remains a possibility, keeping the market on edge. The next few days will be crucial in determining Ethereum’s short-term direction and whether the recent exchange withdrawals signal a turning point for ETH. ETH Price Testing Crucial Demand Ethereum (ETH) is currently trading at $2,130 after days of struggling below the $2,500 level. The market remains under bearish control, with bulls unable to reclaim key resistance zones. As long as ETH stays below $2,300, bears continue to hold the upper hand, keeping selling pressure dominant. For a recovery rally to take shape, bulls must defend the $2,100 level and push ETH back above $2,500. A decisive break past this resistance would signal renewed buying momentum, potentially shifting the market sentiment and triggering a stronger push toward higher prices. However, failure to reclaim these levels would prolong the current downtrend and leave ETH vulnerable to further declines. The key level to watch is $2,000—losing this support could trigger a dramatic breakdown, leading to accelerated selling pressure and a potential drop into lower demand zones. This scenario would erase hopes of a near-term recovery, forcing Ethereum into a deeper bearish phase. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details With ETH hovering near critical levels, traders are closely watching whether bulls can regain momentum or if bears will push prices lower. The next few days will be crucial in determining ETH’s short-term direction and whether it can escape its downward trend. Featured image from Dall-E, chart from TradingView
Crypto analyst Titan of Crypto has provided a bullish outlook for the Ethereum price, assuring that ETH is not dead. The analyst highlighted a bullish pattern, which indicates that the second largest crypto by market cap could soon enjoy another leg up to the upside. Analyst Hints Another Leg Up For Ethereum Is On The Horizon In an X post, Titan of Crypto stated that Ethereum is not dead and hinted that another leg up was on the horizon for ETH. He reaffirmed that ETH is far from being dead from a technical perspective. The analyst then noted that the Ethereum price is still progressing within a broadening wedge. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Titan of Crypto also revealed that the Ethereum price just revisited the reload zone, the prime area where professionals look to long or buy back ETH. He remarked that this is where smart money steps in, suggesting that Ethereum could rebound from that zone. The analyst’s accompanying chart showed that Ethereum could rally to between $6,129 and $6,589 as it rebounds from this reload zone. Macro View Update On ETH In an earlier analysis, Titan of Crypto also provided a macro view update on Ethereum. He noted that ETH had closed a monthly candle outside the 7-year rising wedge. The analyst added that a confirmed breakout requires the next monthly close to remain outside this wedge. In line with this, he outlined three possible scenarios for ETH. For the first scenario, the analyst predicts a reintegration in which key support levels hold, leading to a bounce that pushes ETH back inside the wedge and invalidates the breakout. In the second scenario, Titan of Crypto states that there could be a triple top formation in which support holds, but ETH only retests the wedge before rolling over into a longer-term top. Meanwhile, he remarked that for the third scenario, ETH confirms a deeper correction if support fails. However, at this stage, Titan of Crypto believes that the first or second scenario is the most likely. The Biggest Hurdle For Ethereum Crypto analyst Ali Martinez stated in an X post that the biggest hurdle for Ethereum is at $2,460, where 10.95 million investors acquired 64.52 million ETH. The analyst asserted that breaking through this level will reignite ETH’s bullish momentum. Related Reading: Ethereum Exchange Outflows Hits 2-Month High With $1.4 Billion Withdrawn, What This Means Smart money already looks to be stepping in to help Ethereum break past this critical resistance level. Martinez revealed in another X post that crypto whales have bought 1.10 million ETH in the last 48 hours. These whales are known to actively accumulate before a price surge, indicating that one may be on the horizon for ETH. At the time of writing, the Ethereum price is trading at around $2,200, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Ethereum (ETH) has faced massive selling pressure and volatility over the past month as the crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty gripping the market, analysts expect even more volatility in the coming days as traders react to major developments in the crypto space. Related Reading: Bitcoin Could Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details According to White House Crypto and AI czar David Sacks, President Donald Trump signed an executive order on Thursday to establish a Strategic Bitcoin Reserve. This unexpected move has sparked renewed speculation about how government involvement in crypto could impact broader market trends. Despite the chaos, Ethereum has managed to hold the key $2,000-$2,100 support zone, a crucial level that traders are watching closely. Top analyst Daan shared insights on X, highlighting that ETH has so far defended this major demand level despite the extreme volatility. The next few trading sessions will be pivotal, with Ethereum hovering near a critical price range. If ETH can hold support and regain momentum, a reversal could be on the horizon. However, failure to maintain these levels could trigger another wave of selling, deepening the current market correction. Ethereum Faces A Crucial Test The market enters a critical moment. Ethereum’s price has lost over 50% of its value since late December, sparking massive fear and panic selling. The steep decline has left many investors questioning whether the long-awaited alt season will even happen this year, as Ethereum and most altcoins struggle to reclaim bullish momentum. With ETH failing to establish a strong uptrend, analysts remain divided on whether a recovery is possible in the near term. Some believe that the current price action signals deeper weakness, suggesting that Ethereum could face further downside before seeing any meaningful reversal. Others, however, see potential for a rebound, especially as ETH continues to hold key demand zones. Daan’s technical analysis on X points out that Ethereum has managed to hold critical demand as a good sign amid recent market dynamics. This support, around $2,000, has been tested multiple times and remains a crucial area for bulls to defend. Daan also noted that Ethereum has formed a higher low on lower timeframes, indicating a possible reversal if momentum builds. He emphasized that for ETH to regain bullish structure, it needs to break above $2,300 and fill the inefficiency left from Monday’s full retrace. A decisive move above this level would confirm strength and could trigger a push toward higher price targets. Related Reading: Dogecoin Indicator Flashes A Buy Signal On The 4-Day Chart – Is DOGE Gearing Up For A Rebound? While Ethereum’s outlook remains uncertain, its ability to hold key levels suggests that a recovery is still possible. The next few trading sessions will be critical in determining whether ETH can reclaim bullish momentum or continue to struggle amid broader market weakness. ETH Price Action: Technical Levels Ethereum has entered an intense phase where uncertainty dominates price action and speculation drives market sentiment. With traders searching for direction, ETH is currently trading at $2,200, having established key support above $2,000. However, this level remains fragile, and bulls must continue to defend it to prevent further downside. For Ethereum to confirm a recovery rally, it needs to push above $2,500, reclaiming lost ground and shifting momentum back in favor of buyers. A move above this level would signal renewed strength, potentially setting ETH up for a strong rebound. However, until bulls break past resistance levels, ETH remains in a high-risk zone where volatility can drive price swings in either direction. The $2,000 support zone remains the key factor in determining Ethereum’s fate for the coming year. If ETH holds this level, it could serve as a foundation for long-term growth. However, if it breaks down, selling pressure could intensify, leading to a prolonged bearish trend. Related Reading: Whales Bought 420 Million Cardano After Trump’s U.S. Strategic Crypto Reserve Announcement – Insights With Ethereum trading at a pivotal moment, the next few weeks will be crucial in shaping its market trajectory. Whether ETH sees a breakout or another decline depends on how well bulls can defend key support zones. Featured image from Dall-E, chart from TradingView
Crypto analyst Tony Severino has drawn similarities between Ethereum’s price action in 2024 and this year. Specifically, the analyst highlighted important technical indicators and what they are saying about ETH’s future trajectory. Ethereum’s Price Action In 2024 Vs. 2025 Based On Important Technical Indicators In an X post, Tony Severino provided a Japanese candlestick, TD Sequential and Parabolic SAR analysis of the 2024 and 2025 Ethereum price action. He noted that ETH’s 2024 candle made a lower high both on a candle close and wick high basis. On the other hand, he revealed that 2025’s candlestick is currently a bearish engulfing with the candle body fully engulfing 2024’s candlestick and is entering 2023’s candle body. Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Meanwhile, Severino stated that the yearly support is drawn at $735, while the Parabolic SAR is at $370. He also remarked that the TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first ever yearly downtrend. The analyst assured that it is still very early to worry about a yearly candlestick that has ten more months to close. Ethereum is currently in a downtrend, having dropped below $2,000 yesterday for the first time since December 2023. Although ETH has recovered above this psychological level, concerns remain about its current price action. As Severino noted, the Ethereum price could be facing its first-ever yearly downtrend. Ethereum began the year in an unusual manner, recording a negative monthly close in both January and February, the first time this has happened. Crypto analyst Ali Martinez warned that the Ethereum price could still drop to as low as $1,600 or even $1.200, having broken below the lower boundary of a parallel channel. ETH’s Bottom Might Be In In an X post, crypto analyst Titan of Crypto asserted that Ethereum’s bottom is in. He revealed that the 2024 low has been swept on ETH’s perpetual daily chart, tapping into what the analyst believes is the most significant point of interest for a potential reversal. The analyst’s accompanying chart suggested that the Ethereum price could still come close to or even reach its current all-time high (ATH). Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle In the short term, the Ethereum price is still expected to rebound. The analyst revealed that two ETH CME futures gaps remain unfilled above $2,500. The first is between $2,540 and $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps traditionally tend to get filled, indicating that the crypto could soon rebound to these price levels. At the time of writing, the Ethereum price is trading at around $2,176, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of a recession occurring in 2025. Related Reading: Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains The broader crypto market has also felt the pressure from these tariffs, with the total market cap declining from $3.7 trillion on December 14 to $2.8 trillion at the time of writing. Major cryptocurrencies such as Bitcoin (BTC) and ETH have been significantly impacted, down 7.1% and 8.9% in the past 24 hours, respectively. Unlike BTC, which saw a remarkable 2024 with multiple new all-time highs (ATH), ETH has struggled since reaching its peak of $4,878 in November 2021. Over the past year, ETH has declined by 41.6%, while BTC has risen by 26%. The latest crypto market pullback has added to ETH’s challenges, bringing it down to the psychologically significant $2,000 level. Crypto analyst Jesse Olson noted that intense selling pressure has pushed ETH’s weekly RSI to 35.87, its lowest reading since May 2022. Olson further explained that the bottom was not reached in May 2022, as ETH subsequently dropped another 60%. If ETH follows a similar trajectory, it could fall another 60% from $2,000, potentially reaching around $800. Fellow crypto analyst Merlijn The Trader echoed Olson’s concerns, stating that Ethereum is currently “playing the waiting game.” The analyst emphasized that ETH is approaching a crucial “make or break” level on the RSI. Analyst Urges Not To Panic Sell ETH Despite heightened macroeconomic uncertainty due to Trump’s trade tariffs, some analysts remain confident that ETH is nearing its bottom and could soon resume its uptrend. In an X post, one crypto analyst remarked: Ethereum is currently retesting the 21-Day EMA on the 3-Month chart. ETH has NEVER closed a candle beneath this level. We are either about to witness history or we are very close to bottoming. Be VERY CAREFUL Panic Selling! Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts There might still be hope for the second-largest cryptocurrency, as recent analysis found that ETH exchange balances have dropped to a 9-year low, strengthening the digital asset’s supply scarcity narrative. At press time, ETH trades at $2,126, down 8.9% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Ethereum has experienced a massive drop, reaching its lowest level since late November 2023. The entire market has been hit by extreme volatility, uncertainty, and aggressive price swings, with ETH losing over 20% of its value in just hours. Investors fear that this correction could extend further as Ethereum struggles to reclaim key demand levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Analysts are closely monitoring Ethereum’s price action, as the next few days could determine the short-term outlook for the second-largest cryptocurrency. Top analyst Ali Martinez shared a technical analysis on X, suggesting that Ethereum is on the verge of breaking out of a parallel channel to the downside. If this push below the $2,000 mark happens, ETH could be set for a deeper correction before any recovery attempts. Ethereum’s weakness raises concerns about the broader crypto market, as altcoins have also been hit hard during this latest sell-off. Sentiment remains bearish, and traders are waiting for confirmation of whether ETH will regain strength or continue dropping toward lower demand zones. The next few trading sessions will be crucial in determining whether Ethereum can hold above critical support or if further downside is inevitable. Ethereum Faces More Downside Risk Ethereum’s price action has been underwhelming as the broader crypto market struggles to find stability. Despite brief rallies and sharp declines, ETH has failed to establish a clear trend, leaving investors uncertain about its future direction. The asset has been stuck in a prolonged downtrend, consistently setting new lows and reinforcing the bearish sentiment across the market. Currently, Ethereum is trading at bear market prices with little to no signs of a sustainable recovery. As the market structure weakens, many investors expect ETH to drop even further. Analyst Martinez has highlighted a concerning development, noting that Ethereum appears to be breaking down from a parallel channel that has contained price for months. ETH could be on track for a sharp move toward $1,250, a level that would signal a deeper market collapse. A drop to $1,250 would not only reinforce Ethereum’s bearish outlook but also serve as a key signal for a broader market breakdown. This scenario could lead to panic selling across the board, dragging other major assets lower and confirming an extended bear market. Despite occasional price swings, Ethereum remains at a critical juncture, with bulls struggling to reclaim key support levels. Unless ETH can reclaim lost ground and establish a strong support base, the risk of further downside remains high. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? With Ethereum failing to show strength amid market volatility, investors remain cautious, anticipating lower price levels before any meaningful recovery can take place. The coming days will be crucial in determining whether ETH can stabilize or if Martinez’s $1,250 target will become a reality, confirming the bearish outlook for the entire crypto market. ETH Testing Critical Demand Level Ethereum is trading at $2,090 after a period of weak price action, marking a 30% decline since February 24. This significant drop has left investors questioning whether ETH can maintain its long-term bullish structure or if a deeper correction is imminent. Currently, Ethereum is at a critical support level that must hold to sustain any hope of a bullish continuation. A breakdown below this level would likely confirm a bear market scenario, pushing ETH toward lower price levels as selling pressure intensifies. The uncertainty surrounding Ethereum’s price action has left traders cautious, as any further weakness could accelerate the decline. However, a recovery remains possible if ETH can reclaim the $2,500 resistance level. Such a move would signal renewed buying momentum and could spark a strong recovery, potentially reversing the recent bearish trend. If Ethereum manages to flip $2,500 into support, it would indicate renewed confidence in the asset and set the stage for higher price targets. Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? For now, all eyes are on Ethereum’s ability to defend $2,090. The coming days will be crucial in determining whether ETH can stabilize or if the market is heading toward a more prolonged bearish phase. Featured image from Dall-E, chart from TradingView
Ethereum is trading below the $2,300 mark after failing to hold key demand levels last week. The price has faced intense selling pressure, fueling concerns among investors that ETH may not see a strong bull market ahead. Market sentiment remains uncertain as Ethereum struggles to reclaim lost ground, with analysts divided on whether the correction will continue or if a recovery is on the horizon. Related Reading: Whales Add 190,000 Ethereum In The Last 24 Hours – The Accumulation Continues A technical perspective suggests that ETH may still have a chance to bounce back. Crypto analyst Ali Martinez shared an analysis on X, noting that if Ethereum holds above the $2,200 level, it could set up for a rebound toward $2,500. Martinez highlights that Ethereum is trading near a crucial support level, which historically has triggered strong upward moves. Bulls must defend the $2,200 mark to prevent further declines, while reclaiming $2,500 would signal strength and a potential trend reversal. However, continued weakness could lead to another wave of selling pressure, pushing ETH even lower. Investors remain cautious as they await confirmation of Ethereum’s next move in this volatile market. Ethereum Faces A Critical Test Ethereum has been struggling under heavy selling pressure and negative sentiment, leading to extreme speculative activity favoring bearish futures positions. The uncertainty surrounding ETH’s price action has fueled doubts about its ability to recover in the short term. Related Reading: Dogecoin Holds Critical Support Level – Can Bulls Reclaim $0.25? Since late December, Ethereum has lost 49% of its value, and investor sentiment remains in despair as the price fails to reclaim key resistance levels. Many traders have started to position themselves for further downside, reinforcing the bearish outlook in the market. However, some analysts still believe that Ethereum could soon stage a rapid recovery. Ethereum is approaching a critical inflection point where a decisive move could determine the asset’s next trend. This perspective aligns with the few optimistic analysts who argue that Ethereum’s rally, when it starts, will be aggressive. Historically, ETH has exhibited sharp rebounds following prolonged periods of downside pressure, and if the broader market conditions improve, the same could happen again. For now, investors remain cautious, closely watching Ethereum’s ability to defend the $2,200 support level and looking for signs of renewed strength. Price Struggles Below $2,500 Ethereum is trading at $2,222 after struggling for days to reclaim higher prices. The price has been under intense selling pressure, and investor sentiment remains bearish as ETH fails to establish a strong support zone. ETH bulls lost control last Monday when the price started to decline rapidly, leading to a sharp 26% correction in less than five days. This sell-off wiped out key support levels, leaving Ethereum in a vulnerable position. For Ethereum to regain momentum, bulls must push the price above the $2,500 level. Reclaiming this mark would signal strength and potentially trigger a recovery rally. However, without a strong push from buyers, ETH could remain stuck in a slow consolidation phase below $2,500. This would likely lead to prolonged indecision in the market, making it difficult for traders to establish clear positions. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift If ETH fails to reclaim $2,500 soon, the market could see continued weakness, with sellers dominating price action. On the other hand, if Ethereum manages to hold above the $2,200 mark and build support, the possibility of a strong rebound remains on the table. The next few days will be crucial as investors watch for signs of a potential trend reversal or further downside movement. Featured image from Dall-E, chart from TradingView