Ethereum price analysis: ETH/USD bulls are using all their might to once again re-challenge and break back above ascending trend line

Ethereum is trading up 2% on Friday, continuing to grind higher after receiving support at $600.
Four-consecutive weeks of gains for Ethereum, bulls are keen to break down $730 resistance.

Ken Chigbo Independent Analyst

The Ethereum is holding gains of over 2% on Friday, following the price bouncing of key support at $600 in the prior session. After being rejected by the ascending trend line two sessions ago, the bulls will be looking at re-testing this area.

Like many of the other major cryptos the recovery and shift in trend has been firm over the last four trading weeks. During this 4-week period, the weekly closure has been consecutively within positive territory.

ETH/USD has been struggling with strong resistance that is tracking around $730, in proximity to the ascending trend line. A break above would see $800 and then $1,000 come back into play, the key for this though is a break and close above the mentioned resistance. Support is firm around $600 territory, as proven during the slippage earlier in the trading week.

ETH/USD daily chart

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Cardano Price Analysis: Approaches key trendline amid bearish sentiment

Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest continuing to fall and short bets rising among traders.

Top Crypto Gainers: Decred, Zcash, and Dogecoin lead recovery as Bitcoin crosses $72,000

Bitcoin trades above $72,500 at press time on Thursday, holding its 6% gain from the previous day, contributing to a broader market recovery. The total cryptocurrency market capitalization stands at over $2.43 trillion as the broader market sentiment improves significantly.

Trump presses Congress on CLARITY bill after meeting with Coinbase CEO

US President Donald Trump is urging legislators to pass the CLARITY Act after allegedly meeting with Coinbase CEO Brian Armstrong amid growing dispute over stablecoin yields.

Ethereum Price Forecast: ETH jumps alongside a spike in open interest, realized price could limit upside

Ethereum (ETH) has jumped above $2,100 on Wednesday, following a general recovery across the crypto market. The move was accompanied by a spike in Ethereum's open interest, which has increased to 13.43M ETH — its highest level since January 31. The top altcoin's OI has been rising since February 19, adding 1.2M ETH over the past two weeks.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.