Ethereum Faces Hurdles at IDR31.3 Million Level: This is the Key Level for March 2025 Uptrend!

Jakarta, Pintu News – The price of Ethereum (ETH) is recovering after dropping to Rp28.5 million ($1,750). Currently, ETH is facing strong resistance at around IDR31.3 million ($1,920), which is a crucial point for further price movements.

Ethereum managed to break the IDR30.1 million ($1,850) level, but is still trading below IDR31.7 million ($1,950) and the 100-hour simple moving average (SMA). If it manages to break this resistance level, ETH has the potential to experience further gains.

Key Levels for an Uptrend

On the hourly chart of ETH/USD, there is a short-term bearish trend line with resistance around IDR31.3 million ($1,920). The next major resistance levels are at €31.7 million ($1,950) and €32.6 million ($2,000).

If Ethereum is able to cross the IDR32.6 million ($2,000) level, the price could jump to IDR33.6 million ($2,060) and even IDR34.5 million ($2,120). In an optimistic scenario, ETH could reach Rp36.7 million ($2,250) in the near future.

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Downside Potential if Failure to Break Resistance

If Ethereum fails to break through IDR31.3 million ($1,920), the price could decline again. Initial support is at IDR30.1 million ($1,850), while primary support is at IDR29 million ($1,800).

A drop below IDR29 million ($1,800) could take ETH to IDR28.5 million ($1,750). If the selling pressure continues, the price could drop deeper to IDR 26.9 million ($1,650) in the near future.

Technical Indicators and Movement Predictions

The hourly MACD indicator shows diminishing bearish momentum, while the RSI is above the 50 level, indicating a potential upside movement. However, Ethereum still needs to break through key resistance levels for the bullish trend to be confirmed.

In conclusion, Ethereum faces a challenge at around IDR 31.3 million ($1,920). If it manages to break the resistance, the price could go higher. However, if it fails, ETH risks a correction to lower support levels.

Also Read: Pi Network Price Predictions to 2050: What to Expect?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• NewsBTC. Ethereum Price Hits Resistance at $1,920. Accessed March 13, 2025.
• Featured Image: Decrypt