Ethereum Technical Analysis: 30 MAR 2025
Ethereum could potentially push for a double bottom at support. Source: TradingView
General View
Ethereum is currently testing a support range, where it could potentially form a double-bottom pattern if buyers step in with strength. However, this structure is not yet confirmed, and price action in the coming sessions will determine whether bulls can establish a solid reversal. Meanwhile, on lower time frames, price is already starting to print a bullish divergence, suggesting that selling momentum may be weakening. If bulls hold above this support region and build momentum, it may attempt a rebound toward higher leveled resistances. On the other hand, failure to defend this zone could result in further downside, making this a decisive moment for Ethereum’s short-term trend.
On The Upside
The bounce needs to get past $1880, a key hurdle that will decide whether price can push higher. A successful reclaim of this level would open the door for a move toward the upper resistance band at $1950 and $2000. However, if Ethereum faces rejection at $1880, the upside potential may be limited, and bears could regain control.
On The Downside
The $1800 support range is the key level to watch. Ethereum needs to hold this region to avoid a fresh round of selling. Sellers currently hold the upper hand, and if they overwhelm this support level, they are likely to slowly bleed Ethereum down to $1750 and could even push for a new 52-week low.
Ethereum’s active CME gap over the weekend. Source: TradingView
