crypto trendline Archives - Coin Engineer https://coinengineer.net/blog/tag/crypto-trendline/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 21 Apr 2025 14:52:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png crypto trendline Archives - Coin Engineer https://coinengineer.net/blog/tag/crypto-trendline/ 32 32 Ethereum Consolidates: Which Direction Will Break First? https://coinengineer.net/blog/ethereum-consolidates-which-direction-will-break-first/ https://coinengineer.net/blog/ethereum-consolidates-which-direction-will-break-first/#respond Mon, 21 Apr 2025 18:00:44 +0000 https://coinengineer.net/blog/?p=40581 Ethereum (ETH) is currently trading in a tight range between its uptrend support and a key resistance zone of $1,655 – $1,631. This consolidation suggests that the market is preparing for a significant move. If ETH breaks above this resistance zone, the next target could be around $1,745, especially if the breakout is supported by

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]]> Ethereum (ETH) is currently trading in a tight range between its uptrend support and a key resistance zone of $1,655 – $1,631. This consolidation suggests that the market is preparing for a significant move.

If ETH breaks above this resistance zone, the next target could be around $1,745, especially if the breakout is supported by strong volume.

Trendline Break Could Trigger a Pullback

On the other hand, if the price breaks below the ascending trend support, the next strong support level lies around $1,560. If this level also fails to hold, eyes will shift to the previous swing low.

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Should that previous low be breached, it could confirm the resumption of a bearish trend, potentially leading ETH into a broader correction phase.

ethereum
ETH/USDT pair daily chart.

Technical Outlook and Strategy

At this point, ETH is in a consolidation zone, typically followed by sharp directional breakouts. Watching the breakout direction and volume confirmation will be key to making informed trading decisions.

Traders are advised to stay cautious and consider entering positions only after a confirmed breakout with adequate volume for higher probability setups.

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