Ethereum Market Forecast: ETH/USD bulls aim to conquer $245 psychological level

ETH/USD went up by 6.67% this Monday following bullish price action.
The Elliott Oscillator has had a green session following 11 straight red sessions.
William’s %R is on the verge of entering the overbought zone.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD went up from $227.80 to $243 this Monday, as the bulls aim to conquer the $245 psychological level. The Elliott Oscillator has had a green session following 11 straight red sessions. After experiencing a significant jump following Monday's bullish price action, William’s %R is on the verge of entering the overbought zone.

Support and Resistance

ETH/USD faces strong resistance at $248.50. On the downside, healthy support levels lie at SMA 20, $237.50, $231.45 and SMA 50.

Key levels

ETH/USD

Overview
Today last price	243.08
Today Daily Change	15.28
Today Daily Change %	6.71
Today daily open	227.8

Trends
Daily SMA20	237.28
Daily SMA50	220
Daily SMA100	188.94
Daily SMA200	184.97

Levels
Previous Daily High	231.26
Previous Daily Low	227.04
Previous Weekly High	238.59
Previous Weekly Low	218.14
Previous Monthly High	247.15
Previous Monthly Low	176.19
Daily Fibonacci 38.2%	228.65
Daily Fibonacci 61.8%	229.65
Daily Pivot Point S1	226.14
Daily Pivot Point S2	224.48
Daily Pivot Point S3	221.92
Daily Pivot Point R1	230.36
Daily Pivot Point R2	232.93
Daily Pivot Point R3	234.59

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Ethereum Market Forecast: ETH/USD bulls aim to conquer $245 psychological level