|

Ethereum price analysis: ETH/USD controlled by short-term sellers

  • ETH/USD recovery capped by $165.00 barrier.
  • Initial support is created by psychological $160.00.

ETH/USD is changing hands at $162.45б off the intraday low of $161.54. The second largest coin has been recovering slowly from $148.23 low touched on April 25; however, the upside momentum has not been strong enough to take the price above$170.00-$172.00 area. 

Looking technically, the local resistance is created by $164.85-$165.00 area, which includes the middle line of a daily Bollinger Band. Once it is cleared, the above said $170.00 barrier will come into view. Another major resistance is created by 23.6% Fibo retracement at $174.50. This area limited ETH’s recovery in mid-April and triggered the sell-off towards the recent lows.  

On the downside, is created by psychological $160.00 closely followed by 50% Fibo retracement at $159.70. The next barrier comes at $158.00 with DMA50 located marginally below this handle. Once it is broken, the sell-off may be extended towards $153.20 (61.8% Fibo retracement and April 29 low).

ETH/USD, 1-day chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.

Jupiter  rises on native SOL staking, TVL rebound

Jupiter edges higher by 3% at press time on Tuesday, approaching the $0.1700 level. The lending protocol announced native staking as collateral, allowing users to borrow against natively staked SOL on certain vaults.

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends its gains, trading above $2.80 on Tuesday after rallying over 58% in the previous day. The upcoming Saturn One network upgrade on Wednesday has fueled renewed buying interest.

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

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: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.