Ethereum support level Archives - Coin Engineer

Ethereum Drops to $1,745 Support: Will $1,655 Be Next?

Yigit Taha OZTURK — Tue, 06 May 2025 17:30:14 +0000

As we previously noted, Ethereum (ETH) failed to hold above the $1,821 level and has since dropped toward our target at $1,745, currently hovering around $1,750. The breakdown of this resistance level signals short-term weakness in market momentum.

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Traders are now focusing on the next critical support level to assess Ethereum’s next move.

Watch $1,745: Breakdown Could Lead to $1,655 – $1,631 Zone

If $1,745 fails to hold, the next key support zone lies between $1,655 – $1,631. This area could offer a potential rebound opportunity for buyers and act as a new base.

Conversely, if a strong bounce occurs from this zone, Ethereum may begin a fresh rally targeting $1,821 again. In the short term, the $1,745 level remains crucial for direction clarity.

ETH/USDT pair 4-hour chart.

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The post Ethereum Drops to $1,745 Support: Will $1,655 Be Next? appeared first on Coin Engineer.

Ethereum Price Analysis: Critical Support Lost!

Yigit Taha OZTURK — Mon, 31 Mar 2025 11:30:54 +0000

Ethereum (ETH) failed to break the $1,960 – $1,920 range mentioned in our previous analysis and experienced a sharp rejection, dropping below the $1,870 level. After losing this level, it moved towards the targeted $1,745 and dropped to $1,767. Currently, it is trading around $1,783.

Support and Resistance Levels

The current situation of Ethereum (ETH) shows that the $1,745 level is critical. If this level is lost, ETH could fall to the $1,650 range. Therefore, it’s essential to be cautious and closely monitor market movements.

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Short-Term Outlook

In the short term, Ethereum (ETH) may continue to test the $1,745 level. If it holds this level, there is potential for a rise back to $1,800 and $1,820. However, if the $1,745 level is breached, a further decline towards $1,650 could occur.

ETH investors should closely watch the $1,745 level. A drop below this level could lead to a more significant decline. Technical indicators and overall market movements can provide a broader perspective, helping investors form their strategies.

ETH/USDT pair 4-hour chart.

The post Ethereum Price Analysis: Critical Support Lost! appeared first on Coin Engineer.

Market Analysis: Bitcoin and Ethereum at Important Levels!

Yigit Taha OZTURK — Wed, 26 Mar 2025 10:30:34 +0000

The cryptocurrency market remains volatile as Bitcoin and Ethereum trade at key support and resistance levels. While Bitcoin is testing a major resistance zone, Ethereum is struggling to hold its support levels. The coming days will be crucial in determining market direction. Now, let’s take a detailed look at the latest technical analysis for Bitcoin and Ethereum.

Bitcoin Technical Analysis

Bitcoin (BTC) has gained 0.60% in the last 24 hours, reaching $87,940. After breaking the $86,600 resistance, it made a re-test and continued its upward movement. However, for the uptrend to continue, Bitcoin needs to close above $88,500. This level has been tested multiple times, but a strong breakout has yet to occur. If $88,500 is surpassed, Bitcoin could target $91,000, followed by $92,500 – $95,000 levels.

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On the downside, if $86,600 support is lost, Bitcoin may drop first to $85,000, and then to the $83,500 – $82,000 range.

BTC/USD 4-hour chart.

Ethereum Technical Analysis

Ethereum (ETH) bounced from the $2,037 – $1,927 support range and tested the $2,108 resistance but faced rejection. It has now retraced back to the support zone. If $2,108 is broken, Ethereum could see a rapid move toward $2,200 – $2,300.

On the other hand, if $1,927 support fails, Ethereum may decline to $1,850, and eventually $1,800.

ETH/USDT 4-hour chart.

The post Market Analysis: Bitcoin and Ethereum at Important Levels! appeared first on Coin Engineer.