Ethereum Prediction: Recovery or Bearish Signal? Here’s the Technical Analysis of Mid-March 2025!

Jakarta, Pintu News – Ethereum (ETH) has just experienced three consecutive weeks in a bearish trend, with the price hitting a low of IDR28,606,200 on March 16, 2025. This decline reflects a deep market correction, considering ETH previously peaked at IDR46,585,100 a month ago.

However, some indicators suggest that ETH may be on the verge of recovery. History shows that after similar declines, Ethereum tends to rebound significantly. If this pattern repeats, ETH has the potential to climb back to the IDR 55,420,000 level in the coming months.

Factors Affecting Ethereum Price Movement

Impact of Pectra Upgrade and Staking Withdrawal

Ethereum has just launched the Hoodi testnet as part of preparations for the Pectra network upgrade. While this is aimed at improving the stability of the network, uncertainty regarding its impact is keeping investors cautious.

In addition, after Pectra’s announcement, there was a withdrawal of ETH staking of IDR 8.15 trillion, which shows the cautious attitude of investors. If this trend continues, the upside potential of ETH prices in the short term could be hampered.

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Influence of US Regulation and Monetary Policy

Former US President Donald Trump’s proposal to include Ethereum in the Strategic Crypto Reserve has its pros and cons. Some analysts, including those from JP Morgan, doubt whether this proposal could be approved by the US Congress. This uncertainty could increase volatility in the crypto market.

In addition, the US Federal Reserve’s decision on interest rates will play an important role in determining the direction of the crypto market. If the Fed signals a looser policy, interest in riskier assets like ETH may increase.

Technical Analysis: Will ETH Rebound?

Currently, the price of ETH is hovering around IDR30,760,700, still within a falling wedge pattern which is often indicative of a bullish reversal. However, to confirm the recovery, ETH needs to break the resistance level at IDR34,692,700. If successful, the price has the potential to rise to IDR39,935,000 in the short term.

However, the MACD indicator still shows bearish pressure, which means the risk of a drop to IDR29,407,800 still exists. If this level cannot be sustained, ETH could again test its low at IDR28,606,200.

Conclusion: Hold or Sell?

Ethereum has faced major challenges in recent weeks, but history shows that prolonged bearish trends are often followed by major recoveries. With a potential rebound up to IDR55,420,000, ETH is still an attractive asset for long-term investors.

However, with risk factors such as uncertainty over the Pectra upgrade and US monetary policy, investors should remain cautious. For those looking to buy, waiting for confirmation of a breakout above IDR34,692,700 could be a safer strategy.

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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:

• Ibrahim / Coingape. Ethereum Price Flashing $3,400 Rebound Signals After 3 Weeks in Red – Hold or Sell? Accessed March 17, 2025.
• Featured Image: Decrypt