Ethereum Attempts First Major Horizontal Reclaim In Months Can Bulls Hold the Line?

Ethereum is trading above $1,700 after a volatile few weeks, with bulls now trying to reclaim higher levels and flip resistance into support. Despite lingering macroeconomic tensions and the ongoing trade standoff between the US and China, markets are beginning to price in optimism as investors anticipate progress in negotiations. This renewed sentiment has lifted risk assets like ETH, which is showing early signs of a potential breakout. Related Reading: Bitcoin Reclaims Key Levels New ATHs May Be Closer Than Expected Analysts are closely watching Ethereums current price action, which suggests a possible shift in trend. Top analyst Daan shared a technical view on X, highlighting that ETH is attempting to retake its previous horizontal support around $1,750. If successful, this would mark the first time in months that Ethereum reclaims a key support level after previously rejecting it and setting lower lows. As Ethereum fights to regain lost ground, all eyes are on this critical level. A breakout here could lead to a renewed surge across the altcoin market, reinforcing growing speculation that the worst of the correction may already be behind us. Ethereum Bulls Attempt to Shift Market Structure Ethereum has rallied impressively, gaining over 32% from its local low of $1,383. This recovery has brought ETH to a critical price level, where bulls must hold and build momentum to break the broader downtrend that has defined much of 2024. A sustained move above current levels could mark a long-awaited shift in market structure, providing confidence that Ethereum is ready to trend higher over the medium term. However, broader macroeconomic forces continue to weigh heavily on investor sentiment. Ongoing trade tensions between the United States and China remain unresolved, with each new tariff threat adding further strain on global supply chains. These geopolitical pressures threaten to limit risk appetite, and any further escalation could stall Ethereums recovery. On the flip side, a diplomatic breakthrough could trigger a strong shift in investor positioning across all risk assets, including crypto. In the meantime, Ethereum must defend current levels to keep bullish momentum intact. Daan’s analysis highlighted that ETH is currently testing the $1,750 level, which previously acted as key support. If Ethereum can reclaim this horizontal zone, it would mark the first time in months that ETH retakes rather than rejects a critical level. Daan emphasized that daily closes above $1,750 are ideal and would confirm strength, potentially opening the door for a larger breakout. Related Reading: Ethereum Forms A Huge Inverse Head & Shoulders $20K Target In Sight? ETH Price Holds Key Levels, Bulls Must Reclaim $2K Soon Ethereum is currently trading at $1,770, maintaining strength above the 4-hour 200 EMAa key short-term indicator that has historically acted as both resistance and support during critical trend shifts. Bulls have managed to defend this level over the past few sessions, signaling growing confidence and momentum as Ethereum attempts to recover from its recent downtrend. Holding above the $1,700 zone is now essential to avoid triggering another wave of selling. This level has become the new battleground for bulls and bears, and continued consolidation above it may lay the groundwork for a broader rally. The next major objective is a decisive reclaim of the $2,000 level. A breakout above this threshold would mark a strong shift in sentiment and could trigger additional upside as sidelined buyers re-enter the market. Related Reading: Ethereum Adds 12% In 24 Hours On-Chain Metrics Point To Modest Resistance Ahead However, caution remains warranted. A failure to hold current support would invalidate the recovery narrative and open the door to further losses. If Ethereum breaks below $1,700 with volume, it could revisit the $1,500 level, which has acted as a historical demand zone. That would reinforce a longer-term bearish structure and delay any hopes of a full-scale recovery. Featured image from Dall-E, chart from TradingView

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Ethereum Reclaims Realized Price Bulls Face Strong Resistance At $2,300

Ethereum (ETH) is once again trading above the $2,000 mark after several days of struggle, offering a glimmer of hope for investors looking for a recovery. The second-largest cryptocurrency has faced intense selling pressure in recent weeks, losing over 38% of its value since late February. Panic spread through the market when ETH broke below the key $2,000 level and later plunged under $1,800 a move that signaled weakness and raised fears of a deeper correction. Related Reading: Dogecoin Breaks Above Bullish Daily Pattern Analyst Sees A Surge To $0.43 Despite the volatility, market sentiment is beginning to shift. Some investors now believe that the worst may be behind Ethereum, and a slow but steady recovery could be on the horizon. Supporting this narrative, on-chain data from Glassnode reveals that Ethereum has reclaimed its realized price at $2,040 a level that reflects the average price at which all ETH in circulation last moved. This recovery of the realized price is often seen as a subtle but important bullish signal. It suggests that, on average, holders are back in profit, which may help reduce selling pressure and rebuild confidence in the market. For now, Ethereums ability to stay above $2,000 will be key to confirming a broader trend reversal. Ethereum Faces Pivotal Moment As Bulls Aim To Confirm Recovery Ethereum is beginning to show signs of life after weeks of uncertainty, but a decisive move is still needed to shift market sentiment. The $2,000 level, recently reclaimed, now acts as the key battleground for bulls attempting to ignite a meaningful recovery. As speculation builds around whether Ethereum will continue to trend higher or fall back into a broader correction, price action remains indecisive. Without strong conviction from buyers, the current bounce may fade quickly. To sustain any upward momentum, bulls must defend the $2,000 level with strength and consistency. A failure to hold this support could invite renewed selling pressure and invalidate early signs of recovery. For now, the price hovers in a critical range with no confirmed trend in either direction. Top analyst Ali Martinez shared an important on-chain signal on X, noting that Ethereum has successfully reclaimed its realized price at $2,040. This level reflects the average price at which ETH last moved on-chain and often serves as a pivot point for market sentiment. Martinez also pointed to $2,300 as the next significant resistance, with pricing bands suggesting heavy selling pressure at that level. Reclaiming $2,300 would mark a major technical breakthrough and potentially confirm a shift in trend. Until then, Ethereum remains in a fragile position, caught between renewed optimism and lingering caution. Bulls must step in with volume and follow-through to turn this early bounce into a full-fledged recovery rally. Related Reading: Ethereum Accumulation Is Almost Over Breakout Above $2,200 Could Trigger Expansion Phase Technical Details: Price Struggles Below Key Averages Ethereum (ETH) is currently trading at $2,070, hovering just above the crucial $2,000 support level. Despite recent attempts to regain strength, ETH remains 5% below the 4-hour 200 moving average (MA) and 200 exponential moving average (EMA) a sign that momentum is still tilted in favor of the bears. These technical indicators often act as dynamic resistance, and until bulls reclaim them, the path to recovery remains uncertain. For Ethereum to initiate a meaningful uptrend, reclaiming the $2,200 level is essential. A breakout above this zone would not only restore short-term bullish sentiment but also confirm a potential reversal from the recent downtrend. However, if ETH continues to struggle below the moving averages and fails to gain traction above $2,000, the risk of further downside increases significantly. Related Reading: Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move Insights A breakdown below $2,000 could trigger a sharper correction, with the next major support sitting around the $1,800 level a zone that previously acted as a pivot during the February selloff. As market sentiment hangs in the balance, bulls must act quickly to defend key support and regain control of price action. Otherwise, Ethereum could face another leg down in the coming sessions. Featured image from Dall-E, chart from TradingView

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Ethereum Net Taker Volume Signals Huge Selling Pressure Can Bulls Hold Key Levels?

Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023. Bulls are now under pressure, as they must defend the current demand zone to prevent further downside and restore investor confidence. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance Heres What Happened Last Time Market conditions remain fragile, with Ethereum struggling to find strong buying interest. If bulls fail to hold current support levels, ETH could see further declines, adding to the bearish sentiment that has dominated the market in recent weeks. On-chain data from CryptoQuant reveals that Ethereums Net Taker Volume remains at a low level, indicating that selling pressure is still strong. This suggests that market participants are leaning bearish, with more sell orders than buy orders dominating Ethereums price action. With ETH trading in a vulnerable position, the next few days will be crucial. If bulls can stabilize the price and push ETH back above $1,900, a potential recovery could begin. However, if selling pressure persists, Ethereum may continue its downward trend, testing lower support levels in the coming weeks. Ethereum Faces Heavy Selling Pressure Ethereum has lost over 57% of its value, creating an extremely difficult environment for bulls as the market remains in a deep downtrend. Currently, ETH is trading below a multi-year support level, which has now turned into a strong resistance zone. As ETH struggles to break back above the $1,900$2,000 range, the bearish trend continues, with bulls failing to regain momentum. Related Reading: New ONDO Addresses Surge 390% In 24 Hours A Sign Of Growing Interest In Ondo Finance The entire crypto market has suffered a breakdown, mirroring weakness in the U.S. stock market, as global trade war fears and growing uncertainty surrounding U.S. President Trumps policies shake investor confidence. Since the U.S. elections in November 2024, macroeconomic volatility and uncertainty have been the dominant forces in driving markets lower. With no clear resolution in sight, investors remain cautious, as the U.S. stock market has now reached its lowest levels since September 2024. Top analyst Quinten Francois shared data on X, revealing that Ethereums Net Taker Volume is at historic lows, signaling intense selling pressure. This indicates that sellers continue to dominate the market, preventing ETH from staging any meaningful recovery. Until buyers step in with strong demand, ETH may remain stuck in a bearish phase, with further downside risk if key support levels fail. With Ethereum struggling below critical resistance and selling pressure increasing, the next few weeks will be pivotal in determining whether ETH can stabilize or if the market will see further losses. If bulls cannot reclaim lost ground, Ethereum could face even deeper corrections in the near term. ETH Stuck In Range As Bulls Fight to Reclaim $2,000 Ethereum is currently trading at $1,880, remaining range-bound between $1,750 and $1,950 since last Monday. This tight trading range has kept ETH in a consolidation phase, with neither bulls nor bears gaining full control over price action. For Ethereum to start a recovery rally, bulls must push the price back above $2,000 as soon as possible. A break and close above this psychological level would indicate renewed buying momentum, allowing ETH to potentially test higher resistance levels. However, Ethereum remains in a fragile position, as selling pressure continues to weigh on the market. If ETH fails to hold its current levels and breaks below $1,750, it could result in a steady continuation of the downtrend, with further downside risks emerging. Bears would likely target lower support zones, extending the bearish phase and delaying any chance of a sustained recovery. Related Reading: Bitcoin Drops Below 200-Day MA Next Key Support Lies At $66K According To Mayer Multiple With uncertainty still dominating the market, traders are closely watching whether Ethereum can break out of this range or if it will extend its decline, following the broader markets risk-off sentiment. The next few trading sessions will be critical for ETHs short-term direction. Featured image from Dall-E, chart from TradingView

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Ethereum bulls awaken after four years to transfer 22,982 ETH.

Recently, two inactive accounts transferred 22,982 ETH to new addresses. Genesis and Poloniex ETH tokens transferred 13,103.99 ETH and 9,878 ETH, respectively. On transfer day, the asset cost approximately $1,200 per ETH. (Read More)

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Ethereum Holds Key Support Analyst Doubts Bears Can Defend $4K Anymore

Ethereum has been attempting to reclaim the $2,800 level for days, but bears continue to apply selling pressure, keeping the price below this key resistance. Despite this, demand remains strong, with bulls successfully holding ETH above the crucial $2,600 support level. The short-term outlook for ETH remains uncertain, as investors speculate on whether the current consolidation phase will lead to a breakout or further declines. Related Reading: On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin Can BTC Break $97.5K? Despite this, there is a growing sentiment that Ethereum could soon recover. Top analyst Jelle shared a technical analysis on X, revealing that ETH recently took out the lows, retested the key trendline, bounced off key support, and held above the 200-week exponential moving average (EMA). According to Jelle, this confirms that the uptrend structure remains intact, suggesting that ETH still has bullish potential. While price action remains sluggish, Jelles analysis highlights that Ethereum is still holding critical levels, which could lead to a strong move upward. If ETH reclaims $2,800 in the coming days, momentum could build toward a push above $3,000. However, if selling pressure continues and ETH loses $2,600, a deeper retrace could be expected. For now, patience is key as Ethereum hovers near crucial technical levels. Ethereum Price Signals Potential Recovery Phase Ethereum has been attempting to reclaim the $2,800 level for the past few days, with bulls struggling to confirm a recovery rally into higher supply zones. Price action remains uncertain, as investors watch closely to see whether ETH can push past this resistance or if selling pressure will drive it lower. The ongoing volatility has kept traders on edge, with some fearing that Ethereum might continue to drop further, testing lower support levels before any potential recovery. Related Reading: Ethereum Could Target $3,000 Once It Breaks Current Supply Levels Analyst Market sentiment remains divided, with one side expecting a prolonged consolidation or further correction, while the other believes ETH is on the verge of a breakout. Analysts suggest that Ethereum is at a critical juncture, and the coming days could define its short-term trajectory. Jelle’s technical analysis explains that ETH’s recent price action took out its previous lows, retesting the key trendline and holding above the 200-week exponential moving average (EMA) are all good signs. Jelle says the uptrend structure remains intact despite the slow price movement. He acknowledges that this may be one of the slowest uptrends Ethereum has ever experienced, but he still sees bullish momentum building. Jelle also doubts that bears will be able to defend the $4,000 level once more if Ethereum gains strength. As ETH continues to hold key support levels and attempts to reclaim the $2,800 mark, a breakout could lead to a significant rally in the coming weeks. Investors are advised to remain patient as Ethereum navigates this critical phase, with many closely watching for potential trend confirmation. ETH Testing Short-Term Supply Ethereum is trading at $2,805, attempting to hold this level and push higher to confirm a recovery rally. Bulls are trying to establish support at this key price zone, aiming to regain momentum after weeks of consolidation. The price is just 7% away from the critical $3,000 mark, which sits slightly above the 4-hour 200 Moving Average. A break above $2,950 and a successful hold above this level would likely trigger an aggressive bullish recovery, pushing ETH toward higher resistance levels. However, if Ethereum fails to hold above $2,800, the bullish momentum could weaken, leading to another round of selling pressure. In that case, ETH could drop back toward the $2,600 demand zone or even lower. This level has previously acted as strong support, and losing it could indicate further downside risks. Related Reading: Solana Sweeps Lows But Recovers Can Bulls Reclaim $185 by Friday? For now, Ethereum remains at a pivotal point, where bulls must step up to maintain short-term strength. A breakout above resistance could fuel renewed optimism among investors, while failure to sustain current levels may lead to continued market uncertainty. All eyes are on ETHs ability to reclaim and consolidate above key resistance levels to determine its next major move. Featured image from Dall-E, chart from TradingView

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Analyst Reveals Key Ethereum Support Zone Amid $4,000 Price Struggle

Following a market rebound, Ethereum (ETH) has shown only sideways movement in the past few days as the battle to break beyond the $4,000 price region continues. While investors continue speculating on the assets next movement, the recent development of a new support region hints at a continued upward trajectory. Related Reading: Ethereum On-Chain Metrics Looking Strong Momentum Building For ETH? ETH Bulls Form Strong Support At $3,700 – $3,810 In an X post on December 14, crypto analyst Ali Martinez revealed the formation of a critical support zone in the Ethereum market. Based on data from IntoTheBlock, Martinez shares that 3 million distinct wallets acquired 4.6 million ETH, valued at $17.6 billion, at prices between $3,700-$3,810 with an average market price of $3,751. Such high level of accumulation activity identifies this price range as a significant zone of investor interest. Importantly, this heightened buying pressure converts $3,700-$3,810 to a vital support zone as market bulls will be compelled to defend this price range in the case of a price decline. Furthermore, despite Ethereums struggle to make any meaningful breakout past $4,000 so far, investors purchasing massive amounts of ETH at high price levels indicates market confidence in the assets ability to move past the presented resistance and sustain its price growth.  However, it is worth noting that Ethereum losing this support zone due to an overwhelming bearish sentiment will result in immediate substantial losses that can induce a further price decline. If this market scenario occurs, ETH could slide as low as $3,565, with the next available support level being $3,303. Related Reading: Bitcoin Confidence Grows As Binance Data Highlights Surprising Market Trends Ethereum Records Eight-Month High Network Growth In other developments, the prominent blockchain analytics platform Santiment reports Ethereum is experiencing an impressive level of renewed market interest.  In a recent X post, Santiment states that an average of 130,200 new addresses are being created on the Ethereum network each day in December – the highest ever since April.  This rise in new wallets suggests an influx of retail and institutional investors as evidenced by multiple developments including Ethereums price performance in Q4 2024, a booming DeFi ecosystem as well as the recent bullish performance of the spot Ethereum ETFs. In terms of implications, this rapid network growth can boost network activity, transaction volume, and ETH demand thereby resulting in a further price increase. At the time of writing, Ethereum trades at $3,885 with a decline of 0.99% in the past day. Albeit, this loss only underscores the turbulent past trading week where Ethereum dipped by a cumulative 2.75%. Featured image from Bankrate, chart from Tradingview

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Ethereum to $20,000: Analyst Sees Spot Ethereum ETFs Fueling Bull Run

A crypto analyst, Eric, believes Ethereum (ETH) could spike to $20,000 in the upcoming bull run. The analyst said the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States will propel this upswing. Ethereum To $20,000 Possible In a post on X, Eric cited Ethereum’s historical tendency to mirror Bitcoin (BTC), albeit with a one-cycle lag. In the previous bull market, the analyst noted that Bitcoin surged 22-fold from $3,100 to $69,000. Therefore, if Ethereum follows a similar trajectory, reaching $20,000 would be a realistic possibility. As the analyst noted, Ethereum’s recent bear market bottom of $880 in 2022, if extrapolated using the 22x growth rate seen in BTC, places the coin at $19,360. However, the analyst believes Ethereum might surpass expectations, making $20,000 a base and a psychological round number to monitor closely.  Related Reading: Crypto Analyst Predicts Bitcoin To Reach $60,000, Here’s Why Supporting this forecast is the possible approval of a spot Ethereum ETFs. Like the spot Bitcoin ETF, this authorization will likely attract institutional investors and significantly boost Ethereum prices and liquidity. Institutional investors can gain exposure to Ethereum through these complex derivative products without the complexities of directly trading or storing the coin. While the optimism remains, the United States Securities and Exchange Commission (SEC) will likely follow the same path it took before approving the first spot of Bitcoin ETFs in January. For context, the strict agency failed to approve any spot Bitcoin ETF for over ten years, citing market manipulation risks and the absence of proper monitoring tools. Will The US SEC Approve A Spot Ethereum ETF? However, in a recent statement by The Block, Standard Chartered, a global bank, said the US SEC will likely approve Ethereum ETF’s first spot in May 2023. By then, the bank added, ETH prices will be trading at around $4,000, propelled by general market optimism.  The bank notes that the failure of the agency to classify ETH as a security further adds weight to this expectation. At the same time, Grayscale Investments, which is issuing Grayscale Ethereum Trusts (ETHE), wants to convert this product into an ETF. Each share traded at around $20 as of January 30. Earlier, Grayscale won against the US SEC’s arguments, wishing to prevent the conversion of their Bitcoin Trust into an ETF. This win set the ball rolling for the eventual approval of the first spot Bitcoin ETFs in the United States.  Related Reading: XRP Price Turns Red As Risk of More Downsides Escalate Additionally, the fact that Ethereum Futures ETFs were recently approved and listed on the Chicago Mercantile Exchange is a net positive, paving the way for a potential listing in May 2024.  Feature image from Canva, chart from TradingView

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Trader Bets Against Ethereum, Losses A Big Chunk Of The $2 Million Margin On GMX

A trader’s big bet against Ethereum caused him to lose a big chunk of his $2 million margin. Considering the firm and steady increment of ETH prices over the last few weeks, more could be at stake.  In a series of screenshots shared on July 3 on Reddit, one trader on GMX has been aggressively [...]

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Key On-Chain Metric Points to Stagnation, Will Ethereum Ever Break $2,000?

According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20 addresses, up from 156,000 on June 18. Although activity has been low overall, there was [...]

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