Ethereum price analysis: ETH/USD climbing towards $1,000, while hard fork is looming large

Ethereum developer wants his stolen money back one way or another.
ETH/USD is losing bullish momentum on approach to the critical resistance.

Tanya Abrosimova Independent Analyst

Ethereum may be getting closer to another hard fork as James Levy, one of EIP 867 co-authors and an early hacker victum, wants his money back to fund his new venture called TapTrust.

Levy received 40,000 ETH for smart contract development back in 2015 only to find out that his money was gone several days later. Now he wants to appeal to the hacker to return the funds or implement a software upgrade that will lead to Ethereum blockchain hard fork.

Ethereum community has already severed in two opposing camps. A lot of core developers are concerned that this proposal may kill the Ethereal philosophy and even cause a system-wide disaster.

Ethereum technical picture

Ethereum price is moving within the upside channel visible on the hourly chart. While bullish momentum is fading on approach to the critical resistance level produced by the long-term downside trendline around $900, the general sentiment remains positive as long as ETH/USD stays above 50% Fibonacci retracement level at $856.00. Once it is broken, the downside may be extended towards $805.00 (50-DMA).

ETH/USD, hourly chart

Author

Tanya Abrosimova

Independent Analyst

EUR/USD gains traction to near 1.1800 as tariff uncertainty weighs on US Dollar

The EUR/USD pair holds positive ground around 1.1795 during the early Asian session on Tuesday. The US Dollar weakens against the Euro amid US tariff uncertainty. The release of the US January Producer Price Index report will be in the spotlight later on Friday.

GBP/USD treads water near 1.3500 as BoE-Fed divergence debate stalls

GBP/USD spent Monday spinning in place as market participants await a fresh catalyst to break the pair out of its recent range. The BoE's February hold came with a surprisingly dovish 5-4 split, and UK Consumer Price Index data last week showed inflation easing to 3.0%, reinforcing the case for earlier rate cuts, with most economists now looking to April or March for the next move.

Gold down but not out as key $5,140 support holds

Gold consolidates the advance to monthly top of $5,250 in Tuesday’s Asian trades. The US Dollar finds demand as liquidity returns and risk sentiment recovers, despite US tariffs uncertainty. Gold defends 61.8% Fibo resistance at $5,142 amid the pullback, daily RSI remains bullish.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.