Ethereum Technical Analysis: 8 MAY 2025
Price breaks after 15 days of sideways movement. Source: TradingView
General View
After almost 2 weeks of constant rejections, Ethereum finally pushes past the intra-day barrier and is now aiming towards another pivotal descending trendline level. The $1850 reclaim signals intent, and if this momentum continues, Ethereum may be setting the stage for a broader recovery towards the $2000 range.
On The Upside
Immediate intra-day resistance lies at $1925. This is an important level for Ethereum, as this level holds the potential for triggering another bullish breakout. A confirmed breakout above this trendline would open the door for a sharp move toward $1960, followed by potentially $2000.
On The Downside
Despite expectations of price feeling the heat around the descending trendline resistance, Ethereum is expected to remain strong with several supports now offering assistance. The primary support for the session is at $1880, followed by $1850. This is the breakout range that would hold if retested. A sustained loss of this zone would turn the tide again in favor of sellers that potentially for the short term.
Price approaching important descending resistance. Source: TradingView
