• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum: Market Movements and Technical Analysis

user avatar

by Giorgi Kostiuk

3 months ago


Ethereum, the second-largest cryptocurrency by market cap, is experiencing a challenging week with an 8.7% drop against the US dollar. A brief overview of current market trends shows that Ethereum's price ranged from $3,192 to $3,322 in recent days.

Current Market Situation

The daily chart reflects consolidation between $3,200 and $3,300 following a steep descent from $4,111 to $3,097. Smaller candlesticks and decreased volatility signal waning selling pressure, though the lack of a definitive buying impulse leaves the future market direction uncertain. A breakout above $3,400 with strong volume could lead to bullish prospects, while a decline below $3,100 would reinforce bearish momentum.

Technical Indicator Analysis

On the four-hour chart, minor recovery attempts are observed following a drop from $3,746 to $3,156. Price movements are largely confined, with significant resistance remaining at $3,300. Technical oscillators, including RSI and the stochastic oscillator, show neutral readings. MACD indicates a bearish trend.

Forecast: Upside and Downside Prospects

If Ethereum manages to surpass the critical $3,400 resistance with sustained volume, this could mark the beginning of a bullish phase. However, a decisive drop below $3,100 with increased selling pressure would confirm further bearish momentum.

Current market conditions for Ethereum remain uncertain. Strong resistance and support levels dictate future dynamics, leaving market participants keenly watching for upcoming movements.

0

Share

Other news

Ostium Introduces Innovative Points Program for Users

Ostium launches Points Program to boost user engagement with a multifaceted rewards system on its trading platform.

user avatarGiorgi Kostiuk

a minute ago

Tether Enhances Its Position by Acquiring 8,888 BTC for $735M

The latest purchase of 8,888 BTC has solidified Tether's position as a leading Bitcoin holder, taking its reserves to 92,647 BTC.

user avatarGiorgi Kostiuk

22 minutes ago

Ostium Introduces New Points Program

Ostium has launched a points program to incentivize users. Learn more about the system and its features.

user avatarGiorgi Kostiuk

22 minutes ago

Top Cryptos for Quick Profit in 2025: Qubetics, Sonic, and Cronos CRO

An analysis of Qubetics, Sonic, and Cronos CRO as potential leaders for rapid growth in the crypto market by 2025.

user avatarGiorgi Kostiuk

30 minutes ago

Cryptos to Invest in April 2025: Qubetics, HNT, and ICP

Exploring the prospects of Qubetics, HNT, and ICP as cryptocurrencies for investment in April 2025.

user avatarGiorgi Kostiuk

30 minutes ago

BlackRock Approved by FCA for Crypto Asset Operations in the UK

BlackRock gains FCA approval to operate in crypto assets in the UK, opening new opportunities for European investors.

user avatarGiorgi Kostiuk

31 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.