DeFi Daily News
Monday, June 2, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Holds Multi-Year Bullish Structure – Time For A Comeback?

Sebastian Villafuerte by Sebastian Villafuerte
February 19, 2025
in Ethereum
0 0
0
rewrite this title Ethereum Holds Multi-Year Bullish Structure – Time For A Comeback?
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Este artículo también está disponible en español.

Ethereum has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. The price action remains indecisive as bulls struggle to reclaim the $2,800 level, a key supply zone that could determine Ethereum’s next move. While the long-term outlook remains uncertain, Ethereum is trading at crucial demand levels, facing continuous selling pressure that has kept price action muted.

Related Reading

Investors are trying to stay calm amid volatility, but fear is spreading as Ethereum shows signs of weakness compared to Bitcoin. Some analysts worry that if ETH fails to hold above $2,600, a deeper correction could follow. However, others remain optimistic, suggesting that ETH could be forming a long-term bullish structure.

Crypto analyst Jelle shared a technical analysis on X revealing that ETH still trades inside a multi-year ascending triangle, a formation that has historically signaled strong potential for a breakout. If ETH can hold above the current levels and push past the $2,800 mark, it could trigger a recovery toward the key $3,000 resistance. For now, all eyes are on Ethereum’s next move, as the coming days could be decisive in shaping its short-term trajectory.

Ethereum Testing Crucial Liquidity Levels

Ethereum is currently trading between key liquidity levels of short-term demand and supply, with price action trapped in a tight range. Over the past week, ETH has closed between $2,650 and $2,750, creating uncertainty about its short-term direction. Investors remain divided, with some expecting a further correction and extended consolidation phase, while others anticipate a recovery rally soon. The market is waiting for a breakout or breakdown confirmation to determine the next trend.

Related Reading

Ethereum is attempting to push above the $2,700 mark and hold it as support, which would be the first sign of bullish momentum. However, for a confirmed recovery phase, ETH must reclaim the $2,800 and $3,000 levels. These key resistance zones have acted as strong supply areas in the past and will likely dictate Ethereum’s next major move. If ETH fails to reclaim these levels, a deeper correction into lower demand around the $2,500 mark could take place.

Jelle’s analysis on X reveals that ETH is still trading inside a massive ascending triangle, a multi-year bullish pattern. He noted that fakeouts have occurred on both the upside and downside, taking out liquidity in both directions. With downside liquidity now taken, Jelle expects a comeback soon, suggesting ETH could soon attempt to reclaim lost ground.

Ethereum forming a long-term bullish pattern | Source: Jelle on X

If Ethereum manages to break above the $2,800 mark and sustain its momentum, a move toward the $3,000 level would be the next target. However, if selling pressure continues to dominate the market, ETH could remain in a consolidation phase or even experience further downside. The next few days will be crucial in determining whether ETH can regain bullish momentum or if a deeper correction is ahead.

Price Action Lacks Short-Term Direction

Ethereum is trading at $2,720 after days of sideways movement below the $2,800 mark, struggling to gain momentum for a breakout. Bulls need to step up and push the price above this level as soon as possible to shift sentiment and reclaim control of price action. The $2,800 mark has acted as a strong supply zone, and breaking above it would open the door for a move toward the $3,000 level.

ETH consolidates below the $2,800 mark | Source: ETHUSDT chart on TradingView
ETH consolidates below the $2,800 mark | Source: ETHUSDT chart on TradingView

On the downside, defending the $2,700 and even the $2,600 level is crucial for maintaining bullish momentum. If ETH holds these levels for an extended period, it would signal strong demand and support the possibility of a recovery rally. A sustained move above $2,700 would encourage buyers to step in, increasing the chances of ETH retesting higher resistance zones.

Related Reading

However, failure to hold above $2,700 could expose Ethereum to further selling pressure. If ETH drops below the $2,600 level, a deeper correction into lower demand areas around $2,500 could follow. The next few days will be decisive in determining whether Ethereum can establish a solid base for a bullish reversal or if bears will continue to dominate price action.

Featured image from Dall-E, chart from TradingView

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BullishComebackEthereumHoldsmultiyearrewritestructureTimetitle
ShareTweetShare
Previous Post

rewrite this title and make it good for SEO‘Parasitic illegal immigrant’: Former Trump aide Steve Bannon on Elon Musk

Next Post

rewrite this title SEC Veteran Expects Regulator’s Crypto Investigations to ‘Grind to a Screeching Halt’ – Decrypt

Next Post
rewrite this title SEC Veteran Expects Regulator’s Crypto Investigations to ‘Grind to a Screeching Halt’ – Decrypt

rewrite this title SEC Veteran Expects Regulator's Crypto Investigations to ‘Grind to a Screeching Halt’ - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
Protecting Yourself from Scams by Third-Party Sellers – NerdWallet

Protecting Yourself from Scams by Third-Party Sellers – NerdWallet

July 16, 2024
Complete Guide: Obtaining Wallet Transactions with RPC Nodes – Moralis Web3 | Advanced Web3 API Services

Complete Guide: Obtaining Wallet Transactions with RPC Nodes – Moralis Web3 | Advanced Web3 API Services

August 20, 2024
rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

April 17, 2025
rewrite this title with good SEO Michael Saylor Explains Why Microsoft Should Buy Bitcoin

rewrite this title with good SEO Michael Saylor Explains Why Microsoft Should Buy Bitcoin

May 6, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
rewrite this title with good SEO Bitcoin Price At 0,000 And Ethereum At ,000? Analyst Says Altcoin Season Is Coming | Bitcoinist.com

rewrite this title with good SEO Bitcoin Price At $200,000 And Ethereum At $10,000? Analyst Says Altcoin Season Is Coming | Bitcoinist.com

June 2, 2025
rewrite this title Nike Is Selling Air Max Plus Sneakers for Nearly 40% Off Right Now, and Shoppers Say They're Super Comfortable

rewrite this title Nike Is Selling Air Max Plus Sneakers for Nearly 40% Off Right Now, and Shoppers Say They're Super Comfortable

June 2, 2025
rewrite this title Robinhood Seals Bitstamp Acquisition, Marks Entry into Crypto Trading

rewrite this title Robinhood Seals Bitstamp Acquisition, Marks Entry into Crypto Trading

June 2, 2025
rewrite this title Jesus Guerrero’s Cause of Death: How the Celebrity Hairstylist Died

rewrite this title Jesus Guerrero’s Cause of Death: How the Celebrity Hairstylist Died

June 2, 2025
rewrite this title Tarte Maracuja Juicy Lip Balm Summer Neutrals 3-pack only  shipped ( Value), plus more!

rewrite this title Tarte Maracuja Juicy Lip Balm Summer Neutrals 3-pack only $28 shipped ($81 Value), plus more!

June 2, 2025
rewrite this title Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans .5 Billion BTC Purchase – Decrypt

rewrite this title Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase – Decrypt

June 2, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.