What is Expected for the Ethereum (ETH) Price? Analysis Company Warned Not to Fall Below This Level
In its latest technical assessment for Ethereum (ETH), cryptocurrency analysis company MakroVision stated that the price is still moving within the falling trend channel and the consolidation process continues in the short term.
According to the report, ETH is currently trading just above the 0.382 Fibonacci retracement zone at around $3,596. The company argued that maintaining this level is critical for near-term stability.
MakroVision stated that a stable outlook can be maintained as long as the $3,596 support level remains above. However, a break above this level could bring the next significant support level at $3,174 (0.5 Fibonacci level) into focus. It is anticipated that buyer interest in this area could increase again.
According to the analysis, Ethereum could regain strong bullish momentum if $4,290 and the upper boundary of the falling channel are broken. This scenario is considered a key signal for a trend reversal in the medium-term.
MakroVision noted that Ethereum is currently in consolidation mode, with the near-term support at $3,730 looking strong. However, they warned that a dip below this level could deepen the correction.
ETH price is trading at $3,882 at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: The Crypto Landscape Shifts as Influencers Depart and Major Institutions Enter
- BSC meme coin KOLs are liquidating holdings amid volatility, triggering market consolidation. - GIGGLE and "Binance Life" saw short-term rebounds, but most tokens face ongoing sell-offs. - Analysts link exits to macroeconomic pressures and institutional entry reshaping crypto ownership. - Bitcoin/ETH ETF outflows ($327M) and rising sell-pressure age (100 days) highlight broader risk-off sentiment.
Ethereum News Update: Transforming Blockchain Privacy: Zama and Kakarot Unite to Achieve Over 10,000 Private TPS
- Zama acquires KKRT Labs to merge FHE and ZK technologies, targeting 10,000+ confidential TPS on Ethereum and Solana . - KKRT, backed by Buterin and StarkWare, brings ZK rollup expertise to enhance blockchain scalability and privacy infrastructure. - The $1.2B-valued Zama aims to expand research teams and integrate modular systems for high-throughput confidential finance. - Industry leaders praise the merger as pivotal for advancing privacy-preserving DeFi and overcoming blockchain adoption barriers.
Ethereum News Update: Bearish Whale’s $24 Million ETH Short Confronts Bullish Divergence
- Ethereum whale increases ETH short position 25x to $24M, signaling heightened bearish sentiment amid market recalibration. - Holder Accumulation Ratio (HAR) drops to 30.45%, reflecting reduced long-term holder buying pressure and aggressive short-term whale positioning. - Technical analysis reveals hidden bullish divergence with ETH near $3,860, but key resistance at $4,240 remains critical for trend validation. - Market uncertainty persists as whale positioning clashes with staking yield-driven accumula
Trending news
MoreCrypto prices
More
