Ethereum Flips Strong Resistance Levels as Price Eyes $2,000-Retest

Ethereum (ETH) is attempting to retest the local range highs following last week’s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move. Related Reading: Will The Bitcoin Price Move Above $110,000 Again? Global M2 Money Supply Shows What’s Next Ethereum Eyes Range High Resistance Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, sent the cryptocurrency’s price to retest its local....

Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels, its growing institutional demand and dominance in DeFi and staking, many believe the foundation for a new all-time high is already in place. What Could Derail Ethereum’s Path To A New ATH? In an X post, crypto investor CryptoELITES pointed out that Ethereum is still on track for a new all-time high. The ETH chart is exhibiting a similar pattern to previous cycles, bouncing off a bottom trendline. Related Reading: Ethereum’s Pullback Complete? ETH....

After several days of intense buying pressure and strong bullish momentum, Ethereum has finally paused its rally, finding resistance around the $2,740 mark. The move comes after ETH effortlessly cleared key resistance levels at $2,000 and $2,200, marking one of its strongest short-term performances in months. As excitement builds across the broader crypto market, Ethereum’s next move could define the strength and sustainability of this breakout. Related Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal With price now stalling, analysts believe a period of....

ENS price ranges break above 50 EMA on the daily timeframe.  ENS price gets rejected as price attempts to break out of an asymmetric triangle. The price holds above daily support and could retest daily resistance for a possible break.  Ethereum Names Service (ENS) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With Ethereum Name Service (ENS) facing resistance to breaking above $16, acting as a tough resistance area, the price of ENS continues to trade above daily support as the price aims to break key resistance.....

On-chain data suggests the path to $2,500 could be open for Ethereum now that the asset has managed to cross the $2,100 mark. Ethereum Has No Major Resistance Levels Until $2,500 In a new post on X, the market intelligence platform IntoTheBlock has provided an update on how the Ethereum levels are looking in terms of on-chain support and resistance. In on-chain analysis, ranges are defined as support or resistance based on how many investors acquired their coins inside them. The below chart shows the density of addresses at various levels above and below the current spot price of the....