Ethereum Technical Analysis: 18 MAR 2025
Ethereum’s bullish divergence starting to print. Source: TradingView
General View
Ethereum once again gets knocked by the above resistance levels and continues to trade inside the consolidation range. Overall it remains above key weekly support around $1,680–$1,667, with an indicator divergence emerging on the RSI. This suggests that downside momentum is weakening. However, the overall trend remains bearish unless bulls reclaim key resistance levels.
On the Upside
Ethereum has once again faced rejection at the short-term consolidation range high of $1,940, keeping the price within a tight range. A strong breakout beyond this resistance could quickly propel the price toward $2,020 and $2,100, where a congestion zone begins. However, unless Ethereum finds acceptance above $1940, any upside would remain unsustainable.
On the Downside
Failure to sustain above $1,900 has exposed Ethereum to further downside pressure. Since the rejection, the price has lost $60 points and is now approaching some short-term supports at the $1900 to $1880 levels. If this range is held, Ethereum is likely to push back towards the $1940 resistance level; on the contrary, losing $1880 will lead to a drop towards $1820.
Consolidation now moves into the 8th day. Source: TradingView
