The extended period of high interest rates and uncertainty over the start of the next “dovish” cycle has triggered outflows from crypto ETFs, with Ethereum ETFs seeing $617.4 million withdrawn over the past two sessions. Additional pressure comes from a continued decline in total value locked (TVL) in Ethereum DeFi: TVL dropped 9% over the past 30 days to 23.8 million ETH, slowing recovery in the broader crypto market.
Despite these headwinds, analysts remain positive about Ethereum's long-term investment case amid ongoing global trade uncertainty and increased regulatory clarity in the U.S. crypto sector.
Technical Analysis & Key Levels
ETH/USD is currently trading close to the $3,750 resistance (Murray [4/8], Bollinger Bands midline). A confirmed breakout above this level will likely trigger further gains towards $4,375 (Murray [6/8]), $4,687.50 (Murray [7/8]), and the historical high near $4,868. On the downside, a break below $3,335 (61.8% Fibonacci retracement, Bollinger Bands lower line) could accelerate losses towards $2,812.50 (Murray [1/8]) and $2,500 (Murray [0/8]).
- Resistance levels: $3,750, $4,375, $4,868
- Support levels: $3,335, $2,812.50, $2,500
Technical indicators remain mixed: Bollinger Bands and Stochastic are trending higher, while MACD is losing momentum in positive territory.
ETH/USD Trading Scenarios
- Buy Stop: Entry at $3,770, Targets at $4,375 and $4,868, Stop Loss at $3,615
- Sell Stop: Entry at $3,320, Targets at $2,812.50 and $2,500, Stop Loss at $3,660
Key levels: $2,500, $2,812.50, $3,335, $3,750, $4,375, $4,868