• Ethereum price may come under attack from one final push by bears to swipe ETH lower. 
  • Key resistance zones ahead in the Ichimoku system provide profit-taking and shorting opportunities. 
  • Make or break zone for Ethereum is near. 

Ethereum price jumped +4.57% yesterday and is presently up nearly +3% today. The new weekly highs come as Ethereum hits some significant resistance levels in the Ichimoku system. Failure to cross and hold above these Ichimoku levels will likely create a -15% drop towards the $2,900 value area. 

Ethereum price may come under bear attack on any weakness at these levels

Ethereum price has made consistent moves higher with little resistance or selling pressure over the past three trading days. However, Ethereum is now at a price level where bears may come in to attempt a push lower. The two near-term resistance levels in the Ichimoku system are the Tenkan-Sen at $3,478.50 and the Kijun-Sen at $3,519.68. 

Another level bears will want to watch is the 55 value on the Relative Strenght Index. While the Relative Strenght Index remains in bull market conditions, a shift to a bear market reading could occur if 55 acts as a source of resistance, especially when Etheruem price is against the Tenkank-Sen and Kijun-Sen. 

ETH/USD Daily Chart

Bulls can easily take over and eliminate any near-term bearish pressure, though. The Chikou Span is well above the candlesticks and does not have resistance in front of it. However, to maintain a confirmed bullish outlook, Ethereum price needs to close above the Tenkan-Sen and Kijun-Sen. Bulls may want to wait for the Composite Index to cross above both of its averages and to confirm Ethereum has a daily close above $3,600 to confirm a likely continuation move higher.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Semler Scientific reveals plans to buy 105,000 BTC by 2027

Semler Scientific reveals plans to buy 105,000 BTC by 2027

Semler Scientific (SMLR) announced a three-year plan on Thursday to boost its Bitcoin holdings to 105,000 BTC by the end of 2027. The announcement comes after it appointed a new executive to spearhead its Bitcoin strategy.

Ethereum Price Forecast: ETH network growth explodes as GENIUS Bill advances

Ethereum Price Forecast: ETH network growth explodes as GENIUS Bill advances

Ethereum (ETH) is trading around $2,500 in the early Asian session on Friday despite a surge in new address growth over the past month. The development follows progress in digital assets regulations after the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) bill passed the Senate.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP consolidate as traders await Trump’s decision

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP consolidate as traders await Trump’s decision

Bitcoin (BTC) price is hovering above the key support level on Friday; a breach below this level could trigger a sharp decline. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and stabilized around their crucial levels, with a failure below their support levels indicating a potential correction ahead.

Top Crypto Gainers: OKB, Sei, Bitcoin Cash – Altcoins shine through amid market volatility

Top Crypto Gainers: OKB, Sei, Bitcoin Cash – Altcoins shine through amid market volatility

The top cryptocurrencies in the market remain quiet at crucial support levels, while some altcoins experience a bullish spark. Top performers over the last 24 hours include OKB (OKB), Sei (SEI), and Bitcoin Cash (BCH) with over 8% recovery and key resistance breakouts. 

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP