- Ethereum price is attempting to breach the $4,352 hurdle so it can retest the $4,524 barrier.
- A daily close below $3,930 will confirm a bearish outlook and result in a pullback to $3,413.
- If ETH produces a higher high above $4,773, it will invalidate the bearish thesis.
Ethereum price looks ready for a minor upswing as it bounces off a crucial support area. This upswing is likely to propel ETH up to a recent swing high. If the asset fails to produce a higher high, investors can expect a retracement to ensue.
Ethereum price looks ready for further losses
Ethereum price has recently produced a higher low at $4,022 as it bounced off the $3,958 to $4,094 demand zone. The resulting upswing is grappling with the 50% retracement level at $4,352.
If the buying pressure increases, investors can expect ETH to make a run toward the 70.5% Fibonacci retracement level at $4,524 or extend to the next barrier at $4,596. Considering the bearish outlook of big crypto and major altcoins, investors can expect Ethereum price to follow the same trend and drop down to the demand zone mentioned above.
A decisive close below $3,958 will confirm the start of a downswing. In this scenario, ETH will aim to collect the liquidity resting below $3,911, $3,744 and $3,413. Assuming Ethereum price retests $3,744, it would constitute a 25% downswing from the 70.5% Fibonacci retracement level at $4,524.
ETH/USDT 6-hour chart
Although things are looking ready for a further downswing, a special-case scenario could see ETH wick past the $4,022 swing higher to collect ‘buy stop’ liquidity. This move does not invalidate the bearish thesis. However, a daily close above $4,773 will invalidate the short-term bearish thesis.
This development could see Ethereum price rally past its all-time high at $ 4,875 and toward the $5,000 psychological level.
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
Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement
Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.
Gold shines in Q1 while Bitcoin stumbles
Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
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.