Ethereum Price Prediction: ETH Must Reclaim $3,653 to Flip Bearish Structure

Ethereum enters the brand new buying and selling week at a fragile level, with the worth hovering round $3,160 after a slight 0.16% achieve within the final 24 hours. As the second-largest cryptocurrency with a $381.6bn market cap, ETH is now squeezed inside one in every of its most essential technical buildings of 2024–2025: a broad symmetrical triangle that has been contracting because the August highs.

What makes this second pivotal is the convergence of two main trendlines. The long-term rising trendline that originated from the April breakout continues to act as structural assist, whereas a agency descending trendline has rejected each rally for practically three months. ETH is sitting immediately at this apex, a degree the place markets not often keep impartial for lengthy.

The latest candles mirror this uncertainty.

Long decrease wicks point out patrons are defending the $3,060 demand zone, whereas small-bodied recoveries sign hesitation close to the descending trendline. The 20-day EMA has additionally turned decrease, creating dynamic resistance that sellers proceed to lean on.

Momentum Weakens as ETH Approaches Breakout Zone

ETH’s momentum profile leans bearish, with the RSI sitting at 34, firmly beneath midline however not but forming bullish divergence. This means value and momentum are aligned to the draw back, not working in opposition to one another, an indication that sellers are nonetheless influencing path.

Historically, ETH has staged recoveries from comparable RSI ranges, however solely when paired with a agency response at trendline assist.

Key near-term technical ranges embody:

• Support: $3,060, adopted by $2,632 and $2,192
• Resistance: $3,485, $3,653, and $4,242
• Structure set off: Daily shut above $3,653 to break the bearish sample

ETH’s positioning contained in the triangle suggests {that a} decisive transfer is shut. If patrons handle to maintain $3,060 and print a bullish engulfing candle, the primary upside goal turns into the triangle’s higher boundary close to $3,485, adopted by the essential $3,653 degree that might formally flip the bearish construction.

A breakout right here would permit ETH to reclaim the 20-day EMA, retest the trendline from above, and doubtlessly speed up towards $4,242—a serious resistance shelf.

Ethereum (ETH/USD) Forecast: ETH’s Next Move Could Be Sudden

Ethereum price prediction appears impartial as symmetrical triangle is in play. A clear breakdown beneath $3,060 would snap the long-term rising trendline, exposing ETH to a deeper pullback into $2,632 after which $2,192, the subsequent two liquidity pockets on the day by day chart.

Given how tightly ETH is at present compressed, any violation of assist might set off a quick, momentum-driven transfer.

But if ETH reclaims $3,653, the narrative flips immediately. That degree represents each structural reversal and a psychological shift again in favor of patrons. A detailed above it might affirm a bullish breakout from the triangle, setting the stage for a renewed uptrend.

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