Este artículo también está disponible en español.
Crypto analyst Tony Severino has drawn similarities between Ethereum’s worth motion in 2024 and this yr. Particularly, the analyst highlighted necessary technical indicators and what they’re saying about ETH’s future trajectory.
Ethereum’s Value Motion In 2024 Vs. 2025 Primarily based On Vital Technical Indicators
In an X put up, Tony Severino offered a Japanese candlestick, TD Sequential and Parabolic SAR evaluation of the 2024 and 2025 Ethereum worth motion. He famous that ETH’s 2024 candle made a decrease excessive each on a candle shut and wick excessive foundation. Alternatively, he revealed that 2025’s candlestick is presently a bearish engulfing with the candle physique absolutely engulfing 2024’s candlestick and is coming into 2023’s candle physique.
Associated Studying
In the meantime, Severino said that the yearly help is drawn at $735, whereas the Parabolic SAR is at $370. He additionally remarked that the TD Sequential rely is now on a purple 1, probably denoting the beginning of Ethereum’s first ever yearly downtrend. The analyst assured that it’s nonetheless very early to fret a few yearly candlestick that has ten extra months to shut.
Ethereum is presently in a downtrend, having dropped beneath $2,000 yesterday for the primary time since December 2023. Though ETH has recovered above this psychological stage, issues stay about its present worth motion. As Severino famous, the Ethereum worth might be dealing with its first-ever yearly downtrend.
Ethereum started the yr in an uncommon method, recording a detrimental month-to-month shut in each January and February, the primary time this has occurred. Crypto analyst Ali Martinez warned that the Ethereum worth may nonetheless drop to as little as $1,600 and even $1.200, having damaged beneath the decrease boundary of a parallel channel.
ETH’s Backside Would possibly Be In
In an X put up, crypto analyst Titan of Crypto asserted that Ethereum’s backside is in. He revealed that the 2024 low has been swept on ETH’s perpetual every day chart, tapping into what the analyst believes is essentially the most important focal point for a possible reversal. The analyst’s accompanying chart prompt that the Ethereum worth may nonetheless come near and even attain its present all-time excessive (ATH).
Associated Studying
Within the quick time period, the Ethereum worth remains to be anticipated to rebound. The analyst revealed that two ETH CME futures gaps stay unfilled above $2,500. The primary is between $2,540 and $2,620, whereas the second is between $2,900 and $3,300. He famous that these ETH CME futures gaps historically are likely to get stuffed, indicating that the crypto may quickly rebound to those worth ranges.
On the time of writing, the Ethereum worth is buying and selling at round $2,176, up over 3% within the final 24 hours, in line with knowledge from CoinMarketCap.
Featured picture from Unsplash, chart from Tradingview.com
