Ethereum Technical Analysis: 14 APR 2025
Ethereum establishing a potential ascending triangle pattern. Source: TradingView
General View
Ethereum is currently forming an ascending triangle pattern on the lower time-frame, which suggests that there can be a potential continuation ahead. Meanwhile, on a higher time-frame, Ethereum is likely to come across a major hurdle in the form of EMA-50. This EMA has been driving the overall trend lower for some time now. Unless Ethereum gets above this, any upside remains unsustainable.
On The Upside
Price will face a pivotal resistance from the $1685 level. This is the pattern breakout point, and the strength above this puts Ethereum into a stronger momentum. Above $1685, the next levels of resistance for the session are at $1725, followed by $1770.
On The Downside
If ETH fails to break above the triangle resistance, short-term sellers may step back in, dragging the price toward the ascending trendline support near $1640. A breakdown below this level would weaken the structure and expose Ethereum towards $1580, where the unfilled CME Gap is also positioned.
Ethereum continues to struggle off the EMA-50 level. Source: TradingView
