Ethereum: Trapped in the long term

ETH stuck in an upward sloping contracting channel.
Chances of a bearish rising wedge formation not ruled out.

Manoj B Rawal Independent Analyst

Ethereum, the second largest cryptocurrency by market capitalisation, has found itself stuck in an upward sloping contracting channel which may even take a shape of a rising wedge over a period of time, that would be bearish for the prices.

ETH/USD is down 0.85 percent at $143.04 and trading in a 4 percent range for the day, in a lower volume and still better volatiility weekend trading. On the daily chart, this ambitious second largest coin has found itself stuck in an upward sloping contracting channel that may take a shape of rising wedge too.

For now, the price is stuck exactly at the middle point of the channel where upside is capped at $171 and downside capped at $120.

ETH/USD daily chart:

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.

Crypto Today: Ethereum, XRP hold baseline support as Bitcoin struggles to find upside strength

Bitcoin hovers around $67,000, weighed down by risk-off sentiment as reflected by ETF outflows. Ethereum steadies toward the $2,000 psychological threshold despite fading institutional support.

Bitcoin Price Forecast: BTC stalls near $67,300 resistance as downside risks linger

Bitcoin (BTC) price is steadying at $67,000 on Thursday and faces resistance near the previously broken lower consolidation boundary at $67,300, signaling potential downside risk ahead.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.

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%.