Ethereum Movement Faces Key Hurdles Amid Recovery in Late March 2025

Jakarta, Pintu News – The price of Ethereum (ETH) is showing signs of recovery after touching a low of USD 1,820 or around IDR 29.66 million. This increase occurred amid similar movements from other cryptocurrency markets such as Bitcoin (BTC). Although it managed to cross several important levels, ETH is now stuck in the range of crucial resistance.

At the time of writing, ETH price is below USD 1,950 and the 100-hour simple moving average. Short-term chart patterns suggest an upward channel with support around USD 1,980 ($32.27 million), but to continue higher, Ethereum needs to break through key resistances at USD 2,020 ($32.93 million) and USD 2,040 ($33.25 million).

Ethereum Price Recovery and Technical Challenges

Ethereum managed to establish a foothold above the USD 1,820 (IDR 29.66 million) level and started to show a wave of recovery. This rise pushed ETH beyond the initial resistance levels of USD 1,880 (IDR 30.74 million) and USD 1,920 (IDR 31.30 million). This movement reflects the positive sentiment of crypto market participants who see technical potential for a rebound.

However, after reaching the USD 1,950 range, the pressure from sellers started to increase. Although ETH briefly touched the 50% Fibonacci retracement of the previous downtrend, the price struggled to break the USD 2,020 level, which is now a major resistance zone.

The hourly chart shows that Ethereum is moving in an ascending channel with strong support at USD 1,980 ($32.27 million). Meanwhile, the next significant resistance is at USD 2,040 (IDR 33.25 million), which is also the 76.4% Fibonacci retracement level of the previous downward trend. If the price is able to break this level, the opportunity to head towards the range of USD 2,120 (IDR 34.56 million) to USD 2,250 (IDR 36.67 million) is wide open.

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Correction Risk: Decline Still Possible

If Ethereum fails to break through the resistance at USD 2,040 (IDR 33.25 million), the price correction scenario could return. In that situation, the initial support is expected to be around USD 1,980 (USD $32.27 million), which is currently the bottom point of the short-term ascending channel.

If the selling pressure intensifies and the price breaks below USD 1,950 (IDR 31.78 million), ETH is likely to drop towards the next support level at USD 1,880 (IDR 30.74 million). A deeper drop could even bring the price to the range of USD 1,850 (IDR 30.15 million) to USD 1,800 (IDR 29.34 million), which is a technically important point.

Technical indicators such as MACD show positive momentum with movement in the bullish zone. Meanwhile, the RSI is above the 50 level, signaling that the buyer’s strength is still there, but not dominant enough to push the price through the critical resistance zone.

Conclusion

Ethereum (ETH) price is currently in a consolidation phase after trying to rebound from its lows. Despite the push from buyers, ETH is still facing strong resistance that limits its upward movement. This situation reflects the dynamics of the cryptocurrency market which is sensitive to technical levels.

Investors and crypto market watchers are advised to keep a close eye on the next price movement, as the direction of the trend will largely depend on whether ETH is able to break the key resistance level or correct again.

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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 Teases Breakout, But This Resistance Is The Key. Accessed March 25, 2025.
• Featured Image: Generated by AI