DeFi Daily News
Monday, June 30, 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 Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move?

Sebastian Villafuerte by Sebastian Villafuerte
February 7, 2025
in Ethereum
0 0
0
rewrite this title Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move?
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 experienced one of the most aggressive sell-offs in its history on Monday, plunging 25% in a single day amid market-wide panic. The rapid decline sent shockwaves through the crypto space, marking one of the most volatile trading sessions ever recorded for ETH. 

Related Reading

However, within hours, the price rebounded, erasing nearly the entire drop and stabilizing above key support levels. Despite this swift recovery, Ethereum now faces serious risks as it trades slightly below a crucial resistance level, leaving investors uncertain about its next move.

Top analyst Daan shared a technical analysis on X, revealing that both Bitcoin and Ethereum are currently in consolidation, attempting to form a higher low after the dramatic market flush from this weekend. He noted that this phase is critical for determining the next major trend, as holding above current levels could signal the beginning of a new bullish leg. 

Failure to establish strong support could lead to further downside, putting Ethereum at risk of another correction. With uncertainty still looming, all eyes are on ETH’s ability to reclaim lost ground and establish momentum for a potential breakout in the coming days.

Ethereum Prepares for a Decisive Move Amid Uncertainty

Ethereum is currently trading below the $2,800 mark, struggling to gain momentum after last week’s historic volatility. The recent price action has left investors frustrated, as hopes for a strong rally continue to fade. While Bitcoin has shown relative strength, Ethereum remains stuck in a tight range, unable to break above key resistance levels. The uncertainty in the market has led to a decline in investor confidence, with many questioning whether ETH will be able to reclaim its bullish structure anytime soon.

Top analyst Daan shared a technical analysis on X, revealing that consolidations are forming everywhere. He noted that BTC, ETH, and most altcoins are displaying similar patterns—attempting to establish a higher low after the aggressive flush from the weekend.

Ethereum and Bitcoin consolidating | Source: Daan on X

According to Daan, if Ethereum successfully breaks above its consolidation channel, it could gain the momentum needed to push above key supply levels and start a new bullish phase. However, failure to do so could lead to more downside pressure.

The coming weeks will be crucial for Ethereum’s price trajectory. If ETH can hold above $2,700 and push toward $3,000, it may spark renewed interest from investors. However, continued failure to reclaim key resistance levels could push Ethereum into deeper consolidation, further frustrating market participants.

Related Reading

Despite short-term uncertainty, institutions are continuing to accumulate ETH, recognizing its long-term value. Historically, these periods of consolidation have been followed by explosive price movements.

Price Struggles Below $2,900 

Ethereum is currently trading at $2,750 after days of consolidation below the $2,900 mark. Despite multiple attempts to push higher, ETH has struggled to reclaim key resistance levels that would signal a shift in momentum. The price action remains uncertain, with bulls attempting to hold the $2,700 support zone while looking for a breakout above the $2,800 mark to regain short-term control.

ETH consolidating below $3,000 | Source: ETHUSDT chart on TradingView
ETH consolidating below $3,000 | Source: ETHUSDT chart on TradingView

The most critical resistance level remains the $3,000 mark. If Ethereum can successfully push above this price and turn it into support, it will open the door for a rally into higher supply levels. This would strengthen the bullish case and potentially trigger a move toward $3,300 or higher.

Related Reading

On the downside, holding above $2,700 is crucial for avoiding further selling pressure. If ETH fails to defend this level, a drop toward $2,600 or even $2,500 could be the next move. However, as long as Ethereum remains within this consolidation range, traders will continue to watch for a decisive breakout. A close above $2,800 in the coming days would be the first sign that bulls are gaining momentum and that a new uptrend is beginning.

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: BigCalmConsolidatingEthereumFlushmoverewritetitleWeekend
ShareTweetShare
Previous Post

rewrite this title Shiba Inu Price Future: Analyst Says SHIB Could Take ‘Last Gasp’ Before Bear Market As WallitIQ (WLTQ) Becomes The New Meme King With 50,000% ROI Potential

Next Post

Jersey Jerry Pitches Career Altering Idea To Dave Portnoy | VIVA TV

Next Post
Jersey Jerry Pitches Career Altering Idea To Dave Portnoy | VIVA TV

Jersey Jerry Pitches Career Altering Idea To Dave Portnoy | VIVA TV

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 SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title with good SEO Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

rewrite this title with good SEO Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

June 30, 2025
rewrite this title Ethereum poised for ,000 with regulatory tailwinds and ETF demand

rewrite this title Ethereum poised for $3,000 with regulatory tailwinds and ETF demand

June 30, 2025
rewrite this title and make it good for SEOStock market closes out chaotic quarter on a high note as S&P 500 notches another new record

rewrite this title and make it good for SEOStock market closes out chaotic quarter on a high note as S&P 500 notches another new record

June 30, 2025
rewrite this title Bud Financial Inks Partnership with Fruition – Finovate

rewrite this title Bud Financial Inks Partnership with Fruition – Finovate

June 30, 2025
rewrite this title What to Buy (and Skip) on Prime Day, July 8-11 – NerdWallet

rewrite this title What to Buy (and Skip) on Prime Day, July 8-11 – NerdWallet

June 30, 2025
rewrite this title *HOT* Abba Patio 9FT Lyon Outdoor Patio Umbrella only .99!

rewrite this title *HOT* Abba Patio 9FT Lyon Outdoor Patio Umbrella only $29.99!

June 30, 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.