ETH/USD is developing a medium-term bearish trend while pulling back toward a longer-term uptrend. However, over the past three weeks, price action has mostly consolidated in a sideways range of 3170.00–2765.00 (50.0% Fibonacci retracement; Murray level [–2/8] — 61.8% Fibonacci retracement; Murray level [1/8]) as investors stay cautious amid monetary-policy and geopolitical uncertainty. The pair is currently hovering near the lower boundary of this range, and a sustained break below it could open the way toward 2187.50 (Murray [–1/8]) and 1875.00 (Murray [–2/8]). If price breaks above 3437.50 (Murray [3/8]), a bullish breakout from the descending channel becomes more likely, with upside targets at 4062.50 (Murray [–5/8], 23.6% Fibonacci retracement) and 4687.50 (Murray [7/8]).
Technical indicators are mixed. Bollinger Bands have shifted into a flat (sideways) configuration, while the MACD histogram is hovering near the zero line with modest volume. At the same time, the Stochastic Oscillator may soon exit oversold territory, which keeps the door open for a short-term rebound. In addition, on the weekly chart Bollinger Bands are also turning lower, hinting at a potential transition away from the long-term uptrend and making the bearish scenario more probable.
Support and Resistance Levels
Resistance: 3437.50, 4062.50, 4687.50.
Support: 2765.00, 2187.50, 1875.00.
Trading Scenarios and ETH/USD Forecast
Short positions can be considered below 2765.00 with targets at 2187.50 and 1875.00, and a stop-loss at 3120.00. Estimated timeframe: 5–7 days.
Long positions can be considered above 3437.50 with targets at 4062.50 and 4687.50, and a stop-loss at 3090.00.
Scenario
| Timeframe |
Weekly |
| Recommendation |
SELL STOP |
| Entry |
2750.00 |
| Take Profit |
2187.50, 1875.00 |
| Stop Loss |
3120.00 |
| Key Levels |
1875.00, 2187.50, 2765.00, 3437.50, 4062.50, 4687.50 |
Alternative Scenario
| Recommendation |
BUY STOP |
| Entry |
3439.00 |
| Take Profit |
4062.50, 4687.50 |
| Stop Loss |
3090.00 |
| Key Levels |
1875.00, 2187.50, 2765.00, 3437.50, 4062.50, 4687.50 |
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
