HomePrice PredictionsETH AnalysisEthereum Resistance at $1950: Can Bullish Momentum Ignite?

Ethereum Resistance at $1950: Can Bullish Momentum Ignite?

Date:

Ethereum Technical Analysis: 16 MAR 2025

ETH Technical Analysis

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.

ETH Technical Analysis

The consolidation continues for yet another session. Source: TradingView

Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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