Ethereum Tests Resistance: Is A New Rally On The Horizon?

Yigit Taha OZTURK — Thu, 29 May 2025 13:30:14 +0000

Sometimes, silence in the markets is broken by a single move. The recent shift in Ethereum‘s price action might be just that — the calm before a potential surge.

Technical indicators suggest a critical phase is underway for investors. The reaction from the previously marked support zone is giving rise to renewed optimism.

Strong Rebound From Support Zone

As noted in previous analyses, the 2,394$ – 2,265$ support band proved effective. Ethereum bounced back from this level and climbed up to the bearish FVG resistance area. This movement hints at a resurgence of short-term confidence in the market.

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Is The 3,000$ Level Back In Sight?

The key level for continuation lies in the current resistance area. If this region is broken with solid momentum and sustained price action, Ethereum could revisit the 3,000$ target. However, as of now, there’s no clear hold above this resistance, which warrants caution among traders.

ETH/USDT pair 4-hour chart.

In such moments, patience and strategic positioning become crucial. Whether this resistance breaks or holds will likely determine the price direction in the coming days.

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The post Ethereum Tests Resistance: Is A New Rally On The Horizon? appeared first on Coin Engineer.

Ethereum at Support Level: Uptrend or Downtrend?

Yigit Taha OZTURK — Fri, 28 Mar 2025 14:30:10 +0000

Ethereum has lost its minor uptrend on the 4-hour chart, experiencing a significant drop. Currently, it is attempting to hold at the $1,870 support level. However, the market’s overall direction, especially Bitcoin‘s movement, will play a crucial role in determining Ethereum’s next move. The key level to watch is the $1,920 – $1,960 zone. If Ethereum reclaims this area, a bullish reversal could push the price toward the $2,108 resistance level.

On the other hand, if Ethereum fails to hold $1,870, the downtrend could deepen. In this scenario, the next critical support lies at $1,745. A break below this level could trigger further declines, especially if broader market conditions remain bearish. Ethereum’s price action will depend on macroeconomic factors and overall sentiment in the crypto market.

Ethereum’s Key Technical Levels

The most important short-term resistance zone for Ethereum is between $1,920 – $1,960. If the price fails to break above this range, selling pressure could persist. However, a strong breakout with high trading volume could send Ethereum toward the $2,108 resistance level. This would require improved market sentiment and increased buying activity.

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On the downside, $1,870 remains a crucial support level. If it fails, Ethereum could drop toward $1,745. Investors should closely monitor Bitcoin’s price action, as a deeper decline in BTC could accelerate Ethereum’s losses. Liquidity levels and overall market trends will be key indicators for the next move.

ETH/USDT pair 4-hour chart.

Ethereum Searching for Direction: What Should Investors Watch?

Bitcoin’s movements remain a major driver of Ethereum’s short-term price action. If BTC starts recovering, Ethereum could follow. However, macroeconomic uncertainty and global financial conditions may create additional volatility in the crypto market.

Additionally, large investors’ buy or sell orders could significantly influence price direction. If Ethereum fails to hold its key support levels, further selling pressure could emerge. However, if the market sentiment shifts positively, Ethereum could enter a new uptrend and retest higher resistance levels.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.