TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Ethereum technical analysis: ETH/USD vulnerabilities still largely point to the downside

  • Ethereum price is trading in the green, up % the session on 
  • ETH/USD downside momentum continues with the price running at its fourth consecutive week in the red. 
  • The next major demand zone is seen down at psychological $100 price mark. 
Ethereum technical analysis: ETH/USD vulnerabilities still largely point to the downside
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

Price action continues to extend to the downside, since a weekly breach of a bearish pennant structure. 

ETH/USD daily chart

Daily price action is moving within a bearish pennant structure, subject to a potential breakout south.

Spot rate:                 147.11

Relative change:      -0.80%

High:                          148.78

Low:                           146.08

Author

Ken Chigbo

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.

More from Ken Chigbo
Share:

Editor's Picks

Sonic Labs’ vertical integration fuels recovery in S token

Sonic Labs’ vertical integration fuels recovery in S token

Sonic, previously Fantom (FTM), is extending its recovery trade at $0.048 at the time of writing, after rebounding by over 12% the previous day. The recovery thesis’ strengths lie in the optimism surrounding Sonic Labs’ Wednesday announcement to shift to a vertically integrated model, aimed at boosting S token utility. 

Midnight Price Forecast: NIGHT warms up as Hoskinson reveals March mainnet release

Midnight Price Forecast: NIGHT warms up as Hoskinson reveals March mainnet release

Midnight edges higher by 2% at press time on Thursday, driven by its founder announcing the mainnet release by late March at the Consensus 2026 event. The technical outlook for Midnight highlights a potential bottom formation that could ignite the next bullish trend.

Cardano Price Forecast: ADA eyes short-term rebound as derivatives sentiment improves

Cardano Price Forecast: ADA eyes short-term rebound as derivatives sentiment improves

Cardano (ADA) is trading at $0.257 at the time of writing on Thursday, after slipping more than 4% so far this week. Derivatives sentiment improves as ADA’s funding rates turn positive alongside rising long bets among traders.

Top Crypto Gainers: Pippin rally logs over 75% gains, Aster and Kaia push higher

Top Crypto Gainers: Pippin rally logs over 75% gains, Aster and Kaia push higher

Altcoins, such as Pippin (PIPPIN), Aster (ASTER) and Kaia (KAIA) continue to trade in the green, defying the broader market pullback as Bitcoin (BTC) dropped to below $68,000. PIPPIN continues to rally and ASTER and KAIA show short-term recovery with possibilities of a breakout rally.

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

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: 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%.