TLDR
- Trading below its 100-hour Simple Moving Average, Ethereum faces resistance hurdles at $2,050, which it must overcome to regain bullish momentum.
- Daily chart patterns hint at a potential bearish flag, a sign that bears might have their moment if confirmed.
- Some market experts see a glimmer of hope for Ethereum to pierce past the $2,100 ceiling, driven by optimistic chart signals.
- Long-term trends draw parallels to Ethereum’s meteoric rise from 2018 to 2020, providing a hopeful outlook for its future.
- Following a dip, Ethereum's price has entered a consolidation regime. ETH revisited the $1,980 buffer after failing to secure the high ground above $2,100. At approximately $2,064 now, the cryptocurrency displays a blend of bullish and bearish cues, leaving traders on edge about the next move.
Ethereum's recent recovery from $1,982 to north of $2,000 marks a 23.6% retracement of its descent from the $2,097 high. A cautious sentiment lingers.
ETH currently lags behind its 100-hour SMA, with technical signs illustrating a bearish thread line clipping at the $2,050 level.
A barrier at the $2,040 level presents itself, aligning with the 50% retracement from the $2,097 swing high to the $1,982 low.
For Ethereum to catch a wave of positivity, it needs to bypass pivotal resistance points, with immediate obstacles set at $2,050, and the significant checkpoint at $2,100.
Should Ethereum scale beyond the $2,100 mark, it opens pathways toward $2,150, with potential advances to $2,250 or even $2,320 in the sessions ahead.
On the flip side, Ethereum relies on steady support at $2,000. A primary defense is fortified at $1,980, previously operating as a safeguard against further falls.
Ethereum's breakthrough under $1,980 might lead it toward subsequent support floors at $1,920 and $1,880, with $1,810 being a fine line in the sand.
On a grander scale, Ethereum's weekly scope casts a shadow with ominous formations. A triple-top pattern has emerged around the $4,000 mark with encounters in March, May, and last November.
Ethereum has ventured below this pattern's neckline at $2,138 and slipped under an upward trendline connecting lower highs since July 2022.
The asset has ebbed below both the 50-week and 200-week moving averages, forewarning some that further dips toward $1,140 are on the cards if the trend aligns.
Adding to the bearish signals, ETH ETH appears to have leveled out from a dip of $1,763, climbing to a crest of $2,130. However, it’s still shadowed by the 50-day moving average, underlining the bearish control at play.
A bearish flag has taken shape on the daily tableau, a portent for a possible downturn once confirmation arises.
A rising wedge formation — two converging and elevating trendlines — points toward a downturn, potentially eyeing $1,763.
Market Analysis
Despite some foreboding signals, optimism thrives in some corners; market pundits believe Ethereum might soon traverse above $2,100, spurred on by promising patterns and movements.
Analyst Crypto Patel recently spotlighted a scenario plotting a bullish extension for ETH. He observed activity around $2,064, a 'mitigation block' where buying interest simmers. Ethereum An uptick ('Bullish Displacement') has been detected — with upside liquidity visibly set.
Trading near a mitigation bloc post-retest, Ethereum's price is poised to tip toward $2,128.12 to sweep higher liquidity layers.
#Ethereum Targeting $2,128 as a liquidity pinnacle, Patel anticipates a robust upward swing, using a stop-loss set around $2,027 to cushion against any sudden downturns. $ETH Meanwhile, another analyst, TimeFreedomROB, finds echoes of the 2018-2020 trajectory in Ethereum’s current weekly rhythm. He alludes to an analogous setup from Ethereum's historical surge.
➡️ Entry: $2064.60
➡️TP:… pic.twitter.com/5Q2q5xrNpM— Crypto Patel (@CryptoPatel) March 25, 2025
There's a feeling of déjà vu in the market, with prices breaking below support reminiscent of previous cycles.
Anticipation builds: Will Ethereum replicate its brisk recovery witnessed before?
#ETH 1W
For Ethereum to confirm an entrée into an uptrend on a weekly scale, it would need to shoot back above a price corridor of $2,200 to $2,400.
Recently reported data reflects a 6% elevation for Ethereum over the last week. Its market capitalization hovers around $250 billion, with the daily trading volume breaking $11.71 billion. pic.twitter.com/uoIDTd5w8L
Maisie is a seasoned voice in the world of crypto and financial reportage, having penned pieces for well-regarded outlets like Moneycheck.com, level-up-casino-app.com and more. She leads the editorial team at Blockfresh.com with expertise. March 25, 2025
Compound's market value dipped by 6%, a reflection of the community's reaction to their foundation’s latest announcement.
Despite Ethereum’s strong trading presence on DEX platforms, it suffered a 45% tumble in Q1 2025.
