In an X post shared today, acclaimed cryptocurrency analyst Ali Martinez identified two key resistance levels that Ethereum (ETH) must reclaim to confirm a bullish trend reversal. Additionally, ETH is showing signs of bullish divergence on the daily chart, raising optimism among holders that a rally may be closer than expected.

Ethereum Must Overcome These Levels For Further Upside

Unlike rival cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP, ETH’s recent price action has disappointed most of its holders. The second-largest cryptocurrency by market capitalization is down 49.2% over the past year, in stark contrast to BTC’s 18.5% gain over the same period.

Sharing the following daily chart, Martinez highlighted two critical resistance levels that ETH must surpass to reverse its price trajectory. The analyst stated:

Ethereum $ETH needs to reclaim $2,100, and more decisively, $2,300, to confirm a bullish trend reversal. These are the levels to watch!

To recall, ETH last traded at the $2,100 level earlier this month on March 9. Interestingly, the digital asset also plunged to as low as $1,754 on the same day, its lowest price in more than a year. 

After reclaiming $2,100, ETH will need to overcome the more significant $2,300 resistance level. A clear breakout above $2,300 could signal renewed bullish momentum.

Meanwhile, altcoin analyst @altcoinrookie shared a bearish forecast for Ethereum, predicting that ETH will dip to $1,200 by June 2025 before reaching new all-time highs (ATHs).

ETH Showing Signs Of Bullish Divergence

While these analyses suggest short- to mid-term challenges for ETH, crypto trader Merlijn The Trade provided a more optimistic outlook. The analyst shared the following ETH daily chart, noting that the asset is displaying bullish divergence.

For the uninitiated, the RSI is a momentum indicator that helps traders and investors to determine when the underlying asset may be overbought or oversold. RSI bullish divergence occurs when the RSI forms higher lows while the price forms lower lows, indicating weakening selling pressure and a potential trend reversal to the upside.

The trader further pointed out that although ETH’s price continues to make lower lows, its daily RSI is forming a contrasting trend. Merlijn also shared a two-week ETH price chart, highlighting how Ethereum has historically rebounded from a critical support level since early 2024, often posting significant returns after each bounce.

That said, rising ETH reserves on crypto exchanges remain a concern, potentially extending ETH’s price suppression. At press time, ETH trades at $1,840, up 2.1% in the past 24 hours.

Former President Donald Trump has announced he wants to bring back less stringent automobile emissions standards, effectively undoing the tougher rules established by former President Joe Biden. 

Speaking in the Oval Office on Monday, Trump said the current regulations place an unfair burden on automakers and pledged to revisit the policy adopted during his first term in office.

Trump revealed he discussed the matter with John Elkann, chairman of Stellantis NV, which owns Chrysler. During their meeting, the two talked about environmental regulations and how they affect car manufacturing. 

Trump told reporters the country will “probably” return to the emission levels applied in 2020. He said that the discussion revolved around. “some of the problems they have with the environment, which we’re going to clean up.” 

The president argued that Biden’s more rigorous standards do not “mean a damn bit of difference for the environment” yet make car production very difficult.

Under the previous policy favored by Trump, greenhouse gas pollution from passenger vehicles would be capped at 204 grams per mile for cars and 284 grams per mile for light trucks.

That 2020 baseline was set to continue under an EPA plan proposed in Trump’s first term, but Biden later replaced it with rules that require 170 grams of carbon dioxide per mile in 2027 and only 85 grams per mile in 2032.

Automakers have been pressed to expand their electric vehicle (EV) offerings under Biden’s standards. Trump has often criticized that approach, calling it an EV mandate because of how it forces manufacturers to focus on zero-emission models to meet the stricter limits. Environmental groups counter that major cuts in greenhouse gas pollution are needed to slow global warming, and they note the transportation sector remains the biggest source of these emissions in the United States.

Trump says his approach is more manageable for carmakers while being environmentally friendly

On Monday, Trump defended his preferred approach as both environmentally friendly and manageable for industry. “We’re going to be bringing it back to a standard that is a very good environmental standard, but it makes it possible to build a car,” he said. He emphasized that 2020’s requirements were already robust enough without threatening vehicle production.

Representatives from the Environmental Protection Agency have yet to comment. Trump has also instructed the agency to scrap what he calls the “electric vehicle mandate,” and the EPA has begun rolling back various environmental measures tied to Biden-era efforts. If Trump follows through, the return to these weaker emission rules would mark a significant shift away from the stricter guidelines meant to curb global warming.

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