Ethereum price analysis: ETH/USD poised for further recovery

ETH/USD experienced a sharp growth in Asia.
Intraday RSI implies the continuation of the upside momentum.

Tanya Abrosimova Independent Analyst

Ethereum (ETH) recovered from yesterday’s low of $166.87 to trade at $174.80 at the time of writing. The second largest coin rose sharply during Asian hours and touched the area above $176.00 before the speculative positioning pushed in back below $175.00.

Looking technically, ETH/USD struggles to settle above $175.00 handle, despite some positive momentum visible on the intraday charts. Once this barrier is out of the way, the recovery may be extended towards $178.00 and $179.50 strengthened by the upper boundary of 4-hour Bollinger Band. Meanwhile. psychological $180.00 separates us from the recent high of $184.00 touched on May 7.

On the downside, ETH/USD is supported by $170.00 followed by $168.15 (SMA50, 4-hour). A sustainable move lower will expose $166.30 barrier created by 38.2% Fibo retracement and $165.50 (lower boundary of 4-hour Bollinger Band.

Considering that the intraday Relative Strength Index (RSI) has reversed to the North, the further intraday growth looks likely. However, a lot will depend on general sentiments on the cryptocurrency market.

ETH/USD, 4H chart

Author

Tanya Abrosimova

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.