Ethereum (ETH) Price Recovery Attempt Towards $2500 After Over 10% Drop – 26 February 2025

Updated

February 26, 2025

Gambar Ethereum (ETH) Price Recovery Attempt Towards $2500 After Over 10% Drop – 26 February 2025

Jakarta, Pintu News – The price of Ethereum recently experienced a decline of more than 10% after failing to break the $2,550 resistance zone. However, ETH is now attempting to make a recovery, with the price moving towards the $2,300 zone. This effort still faces challenges, especially with strong resistance at the $2,500 level.

ETH price drops by more than 10%

Ethereum experienced a sharp decline after failing to break the $2,650 resistance zone. The decline intensified after the price fell below the $2,620 and $2,550 support levels, entering bearish territory. As a result, the price of ETH fell by more than 10%, even falling below the $2,500 support zone. The lowest point was recorded at $2,309, and now the price is trying to consolidate to recover these losses.

Despite a slight recovery, ETH is still trading below the $2,550 level as well as the 100-hour simple moving average (SMA). On the hourly chart of ETH/USD, there is a bearish trendline pattern that limits the price movement around $2,500. If ETH can stabilize above the $2,500 and $2,550 levels, then a potential bullish movement could be triggered, opening up the possibility for the price to go higher.

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Challenges at $2,500 and $2,650 Resistance

Ethereum faces some significant obstacles that need to be overcome in order to continue its recovery. One of them is the strong resistance around $2,500, which is also the area of the short-term bearish trendline. On the upside, there is the first resistance level located at $2,580, which coincides with the 50% retracement level of the price drop between $2,855 and $2,309.

If the price can break the $2,650 zone clearly, it is likely that Ethereum price will move towards the next resistance zone around $2,720. In fact, a further move above $2,720 could take ETH in a higher direction, with price targets that could reach $2,850 or even $2,920 in the near future. However, to achieve this, the market needs to show signs of a steady bullish movement.

Potential for further decline if resistance strengthens again

However, if Ethereum fails to break the $2,580 level, then further declines could occur. The first support lies at the $2,420 level, and if the price falls further, then the next support zone is around $2,350. A drop below $2,350 could push the price towards the $2,300 level, and would most likely push the price further to lower support areas, such as $2,200.

Technical indicators point to additional downside potential if ETH fails to overcome the resistance. The MACD indicator for ETH/USD shows a loss of momentum in the bearish zone, while the RSI is above the 50 level, indicating a possible bullish movement if the price manages to break the major resistance.

Responding to Ethereum (ETH) Market Conditions

In the face of these challenges, Ethereum market participants need to keep a close eye on price developments around the $2,500 to $2,650 level. ETH price recovery will largely depend on how the market responds to these key resistances. If the price can surpass these barriers, then Ethereum has a chance to resume its bullish movement, but if it fails, then the risk of further decline remains.

Also Read: Bitcoin (BTC) Movement Amid Price Decline: What Are Whales Doing? (2/26/25)

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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.

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