Ethereum Technical Analysis: 27 MAR 2025
Ethereum is in a range between $2120 to $1940. Source: TradingView
General View
Ethereum has shown strong bullish momentum, recovering sharply from recent lows and challenging a key resistance zone near $2120. This area is crucial, as sustained strength here could confirm a major structural deviation pattern, potentially fueling a larger trend reversal. If bulls can hold their ground firm, Ethereum may establish a higher low, reinforcing bullish structure and opening the door for further upside.
On The Upside
Ethereum’s immediate hurdles stretch from $2080 to $2120 levels. This range is occupied by different types of resistances, making it difficult for the bulls to gather momentum. A clean breakout above this congestion range would open the door for a move towards $2265, followed by the stronger resistance starting at $2500.
On The Downside
Ethereum was pushed lower after failing to gain acceptance above the $2120 level. The EMA-50 particularly limited any bullish momentum. The price tested the intra-day support at $1980 and bounced back. While the intra-day support levels at $1980 and $1940 remain firm, they are still vulnerable to any major selling pressure. To negate such a scenario, bulls need to establish a stronghold above the $2120 level.
Ethereum’s potential deviation structure. Source: TradingView
