Ethereum Technical Analysis: 16 MAR 2025
Ethereum is getting closer to trendline and MA-100. Source: TradingView
General View
Ethereum has been in a clear downtrend since late February, with persistent lower highs and lower lows. However, the recent price action suggests that the downward momentum is slowing as Ethereum approaches the key trendline resistance along with the MA-100. Both of these levels have acted as dominant trend barriers, keeping the bearish structure intact. If bulls can successfully reclaim this zone, it will mark a significant shift in momentum, potentially setting the stage for a larger recovery.
On the Upside
A trendline breakout would put bulls in a prime spot to challenge the descending resistance and the MA-100, which aligns with the key horizontal resistance zone around $1,950 to $2,000. A successful breakout would open the door to a much stronger recovery ahead, with the next targets in the region of $2200 to $2240 levels. Reclaiming this level would confirm a broader trend reversal and shift momentum firmly in favor of the bulls.
On the Downside
Ethereum is generally still inside a ranging environment. The Price has several intra-day supports inside the range that are keeping aggressive sellers at bay. Ethereum is currently holding steady above intra-day support at around $1,800, with a stronger support zone near $1,760. As long as these supports continue to hold, the price is likely to avoid any major additional legs lower.
The consolidation continues for yet another session. Source: TradingView
