HomePrice PredictionsETHEthereum Strengthens Above Support: Next Stop $2200?

Ethereum Strengthens Above Support: Next Stop $2200?

Date:

Ethereum Technical Analysis: 24 MAR 2025

ETH Technical Analysis

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.

ETH Technical Analysis

Ethereum’s price chart for 24th March 2025. Source: TradingView

You May Also Like

World Liberty Bags Millions in Ethereum as Price Climbs: ETH Could Surge Higher—Here’s Why

ETH lately rallied beyond the $2.2k resistance and is now registering a 20% weekly gain according to the latest price data.One of the biggest Ethereum-related headlines this week, was...

Bull Flag Ignites! ADA Eyes $0.75 After Breakout!

ADA Technical Analysis: 9 MAY 2025ADA initiates the bullish breakout! Source: TradingViewGeneral ViewAfter an extended consolidation phase, Cardano has decisively broken out of the range, initiating the second leg...

SOL Forms Bullish Reversal Pattern, But Neckline Stands Firm!

Solana Technical Analysis: 9 MAY 2025Solana reclaims the key supportive levels. Source: TradingViewGeneral ViewPrice has steadily climbed in recent days, reclaiming lost ground and pushing back into a key...

XRP Eyes Breakout Towards $2.40 as Cup & Handle Establishes!

XRP Technical Analysis: 8 MAY 2025XRP is establishing a bullish cup and handle pattern. Source: TradingViewGeneral ViewXRP is gradually building bullish pressure, showing strong momentum above the key demand...
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.

Subscribe To Our Weekly Picks!

- Join over 76,000+ subscribers

- Weekly picks delivered to your email

- It's free to subscribe!

Latest Altcoin News

SPONSORED ADVERTISEMENTspot_img

Latest News Stories

Wellgistics Bets $50M on XRP to Revolutionize Healthcare Pay

Wellgistics Health will use a $50M credit line to integrate XRP for faster, low-cost...

Senators Probe Trump-Binance Ties—Demand Answers from Treasury, DOJ

Democratic senators pressed Treasury and Justice to probe Trump family's financial links with Binance.A...

SEC Ends Legal Battle With Ripple in $50 Million Settlement

Ripple and the SEC agreed to settle their XRP lawsuit with $50 million payment...

Missouri Set to Become First State to Eliminate Capital Gains Tax

Missouri’s bill exempts capital gains from taxes, aiming to attract crypto investments.The tax exemption...

Celebrity Liability in FTX Collapse—Did They Really Know the Risks?

A Florida judge dismissed most claims against celebrities like Tom Brady and Stephen Curry,...