Ethereum Forecast Archives - Coin Engineer

Ethereum Tests $1,821 Resistance: Breakout or Breakdown Ahead?

Yigit Taha OZTURK — Thu, 01 May 2025 09:00:59 +0000

Ethereum (ETH) has been trading sideways for a while and is currently hovering just below the $1,821 resistance zone. This price level has become a major point of interest for traders, especially as volatility has decreased and ETH’s range has tightened — often a precursor to a significant move.

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If $1,821 is breached with strong volume, the next immediate target will be $1,870. A breakout to this level could indicate the beginning of a bullish continuation, providing a setup for higher short-term highs if momentum builds.

Watch These Support Levels

On the flip side, a rejection from the $1,821 resistance would put $1,745 in focus as the first nearby support. Should ETH lose that level as well, downside pressure could push the price further down toward $1,655, another notable support area. Weak volume and market uncertainty could contribute to such a retracement.

ETH/USDT pair 4-hour chart.

Traders are advised to closely watch price action and trading volume at these key levels to determine Ethereum’s next move.

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The post Ethereum Tests $1,821 Resistance: Breakout or Breakdown Ahead? appeared first on Coin Engineer.

Ethereum Surges Back As Market Dominance Bounces From Critical Low

Yigit Taha OZTURK — Wed, 23 Apr 2025 07:30:25 +0000

Ethereum (ETH) has surged nearly 15% in the past 24 hours, breaking past $1,800, outperforming Bitcoin (BTC) which saw only a 6% gain. Meanwhile, the broader crypto market recovered by 5%, pushing the total market cap back above $3 trillion.

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Following its crash to $1,400 on April 9, ETH has now rebounded by nearly 30%, leading analysts to suggest that the worst may be behind for the world’s second-largest crypto asset.

Dominance Recovery And Technical Setup

Crypto analyst “Rekt Capital” highlighted that ETH market dominance had fallen to 7%, matching 2019 lows. However, by April 23, that share rebounded above 7.5%, signaling a bounce from a critical support level.

Ethereum Dominance

Markus Thielen of 10x Research stated that the market was heavily shorted, fueling a potential “short squeeze.” Technically, Ethereum was in an oversold zone on both daily and weekly timeframes, creating the perfect condition for a rebound.

An upcoming mainnet upgrade is also acting as a bullish catalyst, restoring confidence in Ethereum and signaling renewed strength in the crypto market.

The post Ethereum Surges Back As Market Dominance Bounces From Critical Low appeared first on Coin Engineer.

Ethereum Price Analysis: Key Levels and Market Expectations

Yigit Taha OZTURK — Mon, 03 Mar 2025 12:30:37 +0000

Ethereum (ETH) recently bounced strongly from the $2,108 support level, initiating an upward movement. However, during this recovery, the price faced resistance at the bearish FVG zone and experienced a pullback. Just above this resistance lies the $2,811 level. If Ethereum successfully breaks through this resistance, the price could target the $3,000 levels.

On the other hand, if Ethereum fails to sustain upward momentum and gets rejected from these resistance levels, a potential pullback towards the $2,108 support level could occur. If this support is lost, the price may decline further towards the $2,000 range.

ETH/USDT daily chart.

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The overall market direction will become clearer based on how Ethereum reacts to these key support and resistance levels. Investors should closely monitor volume movements and broader market trends.

Ethereum’s short-term movements are also highly influenced by Bitcoin’s price action. Therefore, the overall trend in the crypto market and global economic developments will continue to play a crucial role in ETH’s price trajectory. Particularly, upcoming Ethereum upgrades and macroeconomic factors will remain key drivers of Ethereum’s direction.

The post Ethereum Price Analysis: Key Levels and Market Expectations appeared first on Coin Engineer.