Ethereum Price Prediction as Crypto Prices Crash - PERFECT Trade Setup
Ethereum Price Analysis: Key Levels to Watch
Looking at the weekly ETH/USD chart:
- Immediate Resistance: The first major resistance stands at $2,535, aligning with the recent rejection zone. A break above this level could push Ethereum toward the 50-week SMA at $2,744, which is the next critical resistance level.
- Immediate Support: Ethereum has now entered a minor support zone at $2,400, but the stronger support lies at $2,200. If the bearish momentum continues, a retest of $2,200 is highly probable.
- Bulls’ Last Stand: The major psychological support remains at $1,800. If ETH drops to this level, we might see strong buyer interest returning.
- RSI Indicator: The Relative Strength Index (RSI) is currently at 39.30, well below the neutral 50 level, indicating that Ethereum is approaching oversold conditions but hasn’t hit bottom just yet.
ETH/USD 1-week chart - TradingView
Ethereum Trading Setup
📈 For Swing Traders:
- Entry Zone: Around $2,200 if the price drops further.
- Take Profit Targets: $2,535 (short-term), $2,744 (mid-term).
- Stop Loss: $1,800 to limit downside risk.
📉 For Short-Term Traders:
- Consider shorting if ETH fails to break above $2,535 again.
- Target a drop back to the $2,200 zone.
- Tight stop loss above $2,550.
Ethereum Price Prediction: What’s Next?
If Ethereum holds above the $2,400 mark and breaks through the $2,535 resistance, we could see a bullish reversal, targeting the $2,744 resistance and possibly the $3,200 psychological level in the coming months. However, failure to reclaim $2,535 could trigger a further correction toward $2,200 or even $1,800 before any significant rebound.
ETH/USD 1-week chart - TradingView
How to Trade Ethereum?
Looking for a reliable platform to trade Ethereum? Try Bitget, a leading crypto exchange offering spot and futures trading with low fees and advanced trading tools.
👉 Sign Up Here and Start Trading ETH
📊 Track Ethereum Price Live on Bitget
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Ethereum Price Prediction as Crypto Prices Crash - PERFECT Trade Setup
Ethereum Price Analysis: Key Levels to Watch
Looking at the weekly ETH/USD chart:
- Immediate Resistance: The first major resistance stands at $2,535, aligning with the recent rejection zone. A break above this level could push Ethereum toward the 50-week SMA at $2,744, which is the next critical resistance level.
- Immediate Support: Ethereum has now entered a minor support zone at $2,400, but the stronger support lies at $2,200. If the bearish momentum continues, a retest of $2,200 is highly probable.
- Bulls’ Last Stand: The major psychological support remains at $1,800. If ETH drops to this level, we might see strong buyer interest returning.
- RSI Indicator: The Relative Strength Index (RSI) is currently at 39.30, well below the neutral 50 level, indicating that Ethereum is approaching oversold conditions but hasn’t hit bottom just yet.
ETH/USD 1-week chart - TradingView
Ethereum Trading Setup
📈 For Swing Traders:
- Entry Zone: Around $2,200 if the price drops further.
- Take Profit Targets: $2,535 (short-term), $2,744 (mid-term).
- Stop Loss: $1,800 to limit downside risk.
📉 For Short-Term Traders:
- Consider shorting if ETH fails to break above $2,535 again.
- Target a drop back to the $2,200 zone.
- Tight stop loss above $2,550.
Ethereum Price Prediction: What’s Next?
If Ethereum holds above the $2,400 mark and breaks through the $2,535 resistance, we could see a bullish reversal, targeting the $2,744 resistance and possibly the $3,200 psychological level in the coming months. However, failure to reclaim $2,535 could trigger a further correction toward $2,200 or even $1,800 before any significant rebound.
ETH/USD 1-week chart - TradingView
How to Trade Ethereum?
Looking for a reliable platform to trade Ethereum? Try Bitget, a leading crypto exchange offering spot and futures trading with low fees and advanced trading tools.
👉 Sign Up Here and Start Trading ETH
📊 Track Ethereum Price Live on Bitget
Read More
Crypto ETF inflows hit $7.5 billion as Bitcoin fatigues while Ethereum accelerates