- Ethereum price recovery delayed by the resistance at $190 and the 50% Fibonacci retracement level.
- Bitcoin halving passes by without much hype as prices stabilize across the cryptocurrency market.
Ethereum bulls are keen on nurturing a bullish trend following the recent dip to $180. Recovery was steady on Sunday with ETH/USD stepping above $190. However, selling pressure has continued to limit gains towards $200. Meanwhile, Ethereum slipped under $190 level and is valued at $187 at the time of writing. Buyers are battling the resistance at the 50% Fibonacci retracement level taken between the last swing high of $292.51 to a swing low of $90.96.
Both Ethereum and Bitcoin appear to be battling the strengthening grip of the bears. Bitcoin halving already took place but the price level remained relatively unchanged dancing between the last $8,500 and $8,700. A pre-halving rally saw Bitcoin rise to levels above $10,000 last week as Ethereum shot up to $227. However, Bitcoin led the crypto market in dumping on Sunday with losses hitting $8,100 while ETH/USD testes $180.
Ethereum technical picture
Ethereum is trading above the moving averages where both the 50-day SMA and the 100-day SMA are likely to offer support at $175. A golden cross is likely to form with the 50 SMA crossing above 200 SMA. This pattern could signal a return of the bulls in large numbers and eventually pull Ethereum towards the coveted $300. The RSI clearly shows that the existing trend is neither bearish nor bullish; sideways trading action could take precedence in the European session.
ETH/USD daily chart
 (16)-637248469536717344.png)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin, Ethereum and XRP steady as China slaps 125% tariff on US, weekend sell-off looming?
The Cryptocurrency market shows stability at the time of writing on Friday, with Bitcoin (BTC) holding steady at $82,584, Ethereum (ETH) at $1,569, and Ripple (XRP) maintaining its position above $2.00.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
Bitcoin, Ethereum, Dogecoin and Cardano stabilze – Why crypto is in limbo
Bitcoin, Ethereum, Dogecoin and Cardano stabilize on Friday as crypto market capitalization steadies around $2.69 trillion. Crypto traders are recovering from the swing in token prices and the Monday bloodbath.
Can FTX’s 186,000 unstaked SOL dampen Solana price breakout hopes?
Solana price edges higher and trades at $117.31 at the time of writing on Friday, marking a 3.4% increase from the $112.80 open. The smart contracts token corrected lower the previous day, following a sharp recovery to $120 induced by US President Donald Trump’s 90-day tariff pause on Wednesday.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.