ETH USD Still Rangebound: When New ATH?

by Adrian Russell
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As the crypto market is resting in the emergency room, traders are wondering if ETH USD will see a new ATH in 2025. What does this massive sell-off and liquidation event mean for the rest of this bull-run? With

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Ethereum

Ethereum





4.26%








Ethereum

Ethereum
ETH


Price

$4,040.03

4.26% /24h





Volume in 24h


$47.18B
<!–
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–>


Price 7d

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dropping 30% in just three days, investors are left wondering: Will there be an altcoin season as usual or will “apes” be left hanging? Join our analysis and follow along!

Crypto Caesar is a trader who has been around for a while and today we will also consider his analysis. For him it seems like $3800 is an important support level. Will it hold? Before reading further, please catch up with my previous ETH USD analysis.

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ETH USD Support Holding: Will ATH Come Soon?

(Source – Tradingview, ETHUSD)

To answer that question, we will first look at the Weekly chart. We are still within the 2021 ATH and 2023 support levels. A very broad range, though justified by huge volatility. LTF traders can be seriously hurt trading such a price action. RSI is getting reset back down and price is above all three Moving Averages. And we have effectively ranged above 2024’s highs, potentially accumulating for a break above $5,000.

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(Source – Tradingview, ETHUSD)

Next, we would like to analyse the 1D chart. Essentially, price has been ranging above $4,000 for three months. Some investors, like Tom Lee’s BitMine keep buying Ethereum with full conviction. Potentially some of the long wick was filled by them. RSI here has been in the low levels, which leaves plenty of room for a run. Price dropped down to Key Support (what a great entry) and is currently underneath MA50 and MA100.

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Low Timeframe Analysis And Concluding Thoughts

ETH USD saw a whooping 30% drop in just 3 days. Is the bull-run over or is there still hope for altcoin season?

(Source – Tradingview, ETHUSD)

On this final chart – the Low Timeframe 4h – we can see some good insight into what led to the big sell-off. Actually TA analysts could’ve see some warning signs. We have a MSB, followed by a retest and rejection from bearish orderblock with a Bearish Engulfing candle leading into the sell off. It turned out to be a great short entry! Currently we are underneath all Moving Averages.

So, will ETH USD see a new ATH soon? Traders are hopeful. We still have not seen capital rotation from BTC to major L1’s. This sell off could be the start though. And for Altseason to commence, ETH needs to get its act together and break above that bearish orderblock. Until then, it is range bound.

Stay safe out there!

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ETH USD Still Rangebound: When New ATH?

  • Beautiful 1W chart with break and retest of 2024 High
  • RSI on 1D looks reset and ready to grow
  • Price wick’d to second support at $3350 and bounced back quickly
  • ETH USD needs to reclaim $4800 before hopes for new ATH.

The post ETH USD Still Rangebound: When New ATH? appeared first on 99Bitcoins.





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