Ethereum Technical Analysis: 24 MAR 2025
Ethereum’s RSI is pushing for a price breakout. Source: TradingView
General View
Ethereum has shown strong bullish momentum, breaking above its recent consolidation phase. Bulls have successfully reclaimed key levels, reinforcing the upward structure. The presence of bullish divergence on the RSI further supports the ongoing strength. If price continues holding above the breakout zone, Ethereum could sustain its climb, setting the stage for further upside movement.
On The Upside
Ethereum has been showing good strength today as it tests the intra-day resistance of $2120 to $2140 levels. A show of strength above these intra-day levels would push Ethereum further higher towards $2200 followed by $2300 levels. As Ethereum starts to climb bulls must hold momentum to offset any strong profit-takings.
On The Downside
The $2020 level, followed by the $1960–$1940 range, now serves as strong intra-day support for Ethereum. Holding above this zone would keep the bullish structure intact. Sellers are likely to struggle in the short term unless they trigger a strong rejection from the overhead resistance levels. To gain an edge over the bulls, they need to drag Ethereum below $1940.
Ethereum’s price chart for 24th March 2025. Source: TradingView
