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.

XRP rally extends as modest ETF inflows support recovery

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.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin rebounds after testing an intraday low at $60,000 amid persistent retail investor exit. Ethereum shows subtle signs of recovery, but ETFs outflows limit upside. XRP gains by over 10% on Friday amid mild ETF inflows and a drop in futures Open Interest to $2.40 billion.

Bitcoin Weekly Forecast: The worst may be behind us

Bitcoin 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%.

Pi Network hits record low despite plans to deploy KYC validator rewards in March

Pi Network hovers above $0.1400 on Friday, up from the $0.1300 record low seen earlier in the day. The sell-off continues even as Pi Network has announced that it will distribute KYC validator rewards by the end of March.

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%.