Ethereum Technical Analysis: ETH/USD marches towards $175-level.

Rajarshi Mitra Independent Analyst

ETH/USD Daily Chart

ETH/USD went up from $172.65 to $174.65 as markets opened on Saturday.
The price is currently trending inside an upward channel formation.
The price is trending above the SMA 200, SMA 50, and SMA 20 curves.
The signal line is diverging away from the MACD line as the bullish momentum increases.
The relative strength index (RSI) indicator is trending around 61.90.

ETH/USD 4-Hour Chart

The narrowing of the 20-day Bollinger band shows decreasing market volatility.
The latest session is looking to peek out of the upper curve of the Bollinger band.
The latest session is also flirting with the $175 level.
The price is also trending above the SMA 200, SMA 50, and SMA 20 curves.

ETH/USD Hourly Chart

The hourly ETH/USD market has jumped out of the red cloud of the Ichimoku indicator.
The Elliot wave oscillator has had five consecutive bearish sessions.
However, the red cloud shows us a possible upcoming short-term bearish correction.

Key Levels

ETH/USD

Overview
Today last price	174.17
Today Daily Change	1.47
Today Daily Change %	0.85
Today daily open	172.7

Trends
Daily SMA20	165.22
Daily SMA50	160.25
Daily SMA100	144.79
Daily SMA200	144.86

Levels
Previous Daily High	176.59
Previous Daily Low	168.26
Previous Weekly High	184.09
Previous Weekly Low	159.05
Previous Monthly High	187.51
Previous Monthly Low	140.14
Daily Fibonacci 38.2%	173.41
Daily Fibonacci 61.8%	171.44
Daily Pivot Point S1	168.44
Daily Pivot Point S2	164.19
Daily Pivot Point S3	160.11
Daily Pivot Point R1	176.77
Daily Pivot Point R2	180.85
Daily Pivot Point R3	185.1

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.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.

DeFi platforms Ethena and Polygon eye recovery after sustained downturn

Ethena (ENA) is trading around $0.116 on Friday, posting a 6% rise earlier before tapering some of those gains over the past 24 hours. The move comes as ENA investors are down by an average of about 70%.

Aave Labs proposes framework to push all revenue to DAO

Aave Labs (AAVE) has introduced a new proposal, the Aave Will Win Framework, designed to better align incentives across its ecosystem. The proposal suggests channeling all revenue generated from Aave-branded products directly into the treasury managed by the Aave DAO.

Pi Network Price Forecast: PI bulls resurface at a crucial support level

Pi Network (PI) is up almost 1% at press time on Friday, extending the 2% gains from the previous day. Renewed buying pressure, evidenced by increased withdrawals from exchanges supporting the PI token, and reduced outflows from the Pi Foundation, adds tailwinds.

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%.