Ethereum Price Analysis: ETH/USD solid path ahead post hammer reversal candlestick

Ethereum price seen up a modest 1.5% in the latter stages of trading on Friday.
ETH/USD has laid grounds for a decent path of recovery, post the daily hammer candlestick, indicating of a reversal.

Ken Chigbo Independent Analyst

The Ethereum price held modest gains of some 1.5% in the latter stages of trading on Friday, maintaining the upside momentum, that has very much dominated the crypto market throughout the week.

ETH/USD back on the 12th September demonstrated decent indications of a reversal to come, given the hammer candlestick being produced on the daily chart. Since this, ETH/USD has recovered some 40% from the lows around $167.

Technically, given the pace and strength of recent recovery, there doesn’t appear be too much to suggest this will change anytime soon. However, given the big moves in much a short space of time, it wouldn’t be surprising to see a small pullback, before a further determined move north. There is immediate supply seen from $225-30, a clearance can open a run up to $250 and then $300, should upside momentum be maintained. On the daily time frame, support is only firm back at $200.

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.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.

Ethereum: Trend Research capitulates, BitMine's Thomas Lee sees a V-shaped recovery

Ethereum had one of its sharpest historic declines over the past 10 days, shedding 40% of its value and briefly sliding below $2,000. The dip also saw ETH move below its realized price, or the average cost basis of investors — an occurrence that has historically accelerated selling pressure as investors cut losses.

Why Bitcoin and top cryptos are falling: Bitwise

The crypto market crash since October isn't down to a single factor but a combination of several, according to Bitwise CIO Matt Hougan. In a note to investors on Friday, Hougan outlined six key factors that potentially contributed to the crash that pushed down nearly every top crypto by more than 50% from prices seen over four months ago.

XRP recovery gains momentum despite retail market decline

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.

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: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.