Since the beginning of last month, ETH/USD has been actively losing value: the pair has already reversed from the upper boundary of the sideways range of 2437.50–2250.00, corresponding to the Murray levels [7/8]–[4/8], broken through its lower boundary, and is now trying to consolidate below 2000.00, the Murray level [0/8]. This level appears to be key for the bears, as a breakout below it would signal an exit from the long-term ascending channel. If successful, the next targets will be 1875.00, the Murray level [–2/8], and 1746.00, the area of the February lows. Meanwhile, consolidation above 2125.00, the Murray level [2/8], reinforced by the middle line of the Bollinger Bands, would allow buyers to recover previously lost positions and reach the areas of 2375.00, the Murray level [6/8], and 2500.00, the Murray level [8/8].
Technical indicators allow for a strengthening of the downward movement: Bollinger Bands are directed downward, the MACD histogram is increasing in the negative zone, and Stochastic has shifted to horizontal movement. It is also worth noting that on the weekly chart, Bollinger Bands are also directed downward, while the instrument’s quotes have still failed to break through the central line, indicating bearish potential.
Support and resistance levels
Resistance levels: 2125.00, 2375.00, 2500.00.
Support levels: 2000.00, 1875.00, 1746.00.
ETH/USD trading scenarios and forecast
Short positions may be opened at the current price, with targets at 1875.00 and 1746.00 and a stop-loss at 2060.00. Expected timeframe: 5–7 days.
Long positions may be opened above 2125.00, with targets at 2375.00 and 2500.00 and a stop-loss at 2030.00.
Scenario
| Timeframe |
Weekly |
| Recommendation |
SELL |
| Entry point |
1970.58 |
| Take Profit |
1875.00, 1746.00 |
| Stop Loss |
2060.00 |
| Key levels |
1746.00, 1875.00, 2000.00, 2125.00, 2375.00, 2500.00 |
Alternative scenario
| Recommendation |
BUY STOP |
| Entry point |
2130.00 |
| Take Profit |
2375.00, 2500.00 |
| Stop Loss |
2030.00 |
| Key levels |
1746.00, 1875.00, 2000.00, 2125.00, 2375.00, 2500.00 |
John Isige is an experienced cryptocurrency journalist and market analyst specializing in digital assets, blockchain innovation, and emerging Web3 trends. He provides clear, actionable market insights for traders and investors, with particular expertise in DeFi, smart contracts, NFTs, RWAs, and AI-powered blockchain ecosystems. His commentary and analysis have been featured in FORECK.INFO, CoinGape, CryptoNews, and other leading digital finance publications
