Ethereum (ETH) is stuck at resistance, will it continue to fall? Here are the resistance levels!

Jakarta, Pintu News – Ethereum (ETH), one of the leading digital currencies, recently had difficulty breaking through the $2,000 resistance level and was forced to cut its gains. Currently, Ethereum (ETH) is in a consolidation phase, with several hurdles to face near the $1,920 resistance level. This situation raises big questions about the next direction that Ethereum (ETH) will take.

Ethereum (ETH) Struggles at Resistance Level

Ethereum (ETH) started a fresh decline from $2,020 resistance and dropped below $2,000 support, entering the bearish zone. The bears gained strength to push the price below the $1,820 support. Finally, a buying zone appeared around $1,750, with the lowest price recorded being $1,753.

Currently, Ethereum (ETH) is trying to recover some of its losses and has managed to cross the 23.6% Fib retracement level of the downward wave from $2,150 to $1,753. Ethereum (ETH) is now trading below $1,950 and the 100-hour simple moving average.

On the upside, Ethereum (ETH) seems to be facing resistance near the $1,890 level. There is also a short-term bearish trend line with resistance at $1,890 on the hourly chart of ETH/USD. The next key resistance is near the $1,920 level, with the first major resistance near the $1,950 level and the 50% Fib retracement level of the downward wave.

Also Read: Bitcoin’s RSI Dominance Down? Crypto Analyst Seth Says Altcoin Market Opportunities Await!

Upside Potential if Resistance is Broken

If Ethereum (ETH) manages to cross the $1,950 resistance, it could push the price towards the $2,000 resistance. In case of a break above the $2,000 resistance, it might trigger further gains in the coming sessions.

In that scenario, Ethereum (ETH) could rise towards the resistance zone of $2,120 or even $2,250 in the short term. This will be a crucial moment for investors and market watchers to see if this momentum can be sustained.

Possible Downside If Resistance Fails to Break

However, if Ethereum (ETH) fails to break the $1,890 resistance, there is a possibility that the price will drop again. Initial support lies near the $1,845 level, with the first major support in the $1,800 zone. If the price manages to break below the $1,800 support, this could push Ethereum (ETH) towards the $1,750 support. A further drop would probably send the price to the $1,720 support level in the short term, with the next key support at $1,650.

Conclusion

With the various challenges and resistances faced, the future of Ethereum (ETH) seems fraught with uncertainty. Investors and market watchers should continue to monitor technical indicators such as MACD and RSI which are currently showing bearish momentum below the 50 zone. Investment decisions should be made carefully, considering all applicable technical and market factors.

Also Read: Will ETH Fall Below $1,500 Before the Market Recovers? Here’s the Price Pattern Analysis! (3/13/25)

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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.

Reference

• NewsBTC. Ethereum Price Recovery Capped at $1950. Accessed on March 13, 2025
• Featured Image: CryptoSlate