Ethereum‘s SuperTrend indicator recently turned positive – a first since May 2024 – but the price is still struggling to break past the $2,400 level. The question now is whether Ethereum is poised for a significant price increase.
Ethereum faced another setback. After struggling for weeks between $1,750 and $2,150, the price briefly rose above $2,150, reaching between $2,340 and $2,420, but quickly fell back down.
As a researcher, I’ve found that when a trade is rejected, it’s not just random fluctuation. It actually signals that there are still sellers waiting to offload their holdings at a slightly higher price point. It’s valuable information, not ‘noise,’ indicating continued selling pressure above the current level.
According to DamiDefi on X, Ethereum (ETH) is currently at a crucial price point of around $2,150. He believes the recent price increase will only be confirmed if the price stays above this level on a daily closing basis. If it falls below, the entire move upwards could be a false signal.
$2,400 Has Not Moved an Inch
As I’m watching the market, it’s clear ETH is currently around $2,150 and struggling to break through the $2,400 resistance level, which has repeatedly pushed prices back down. Looking at the bigger picture, the 200-day Exponential Moving Average at $2,787 feels a long way off from where ETH is trading right now – almost like a completely different market.
He’s less concerned about the price and more worried about the lack of trading activity. After the price jumped in February, trading volume dropped off completely, which doesn’t suggest a genuine, lasting increase. This lack of strong buying or selling is particularly discouraging for those who are optimistic about the market.
From my analysis, the $1,800 level continues to act as a key support level – it’s really the last major floor we’re seeing. I’ve been following CyrilXBT’s commentary closely, and he’s indicated he needs to see ETH decisively break above $2,400, backed by strong trading volume, before he’ll adjust his overall outlook.
Interestingly, a positive signal appeared on the daily chart. Alicharts noted that the SuperTrend indicator turned green – something it hasn’t done since May of last year. This suggests the recent period of sideways trading might be over and an upward trend could begin.
RSI and MACD Line Up, but Price Has Final Say
DamiDefi observed that the Relative Strength Index (RSI) has returned to a neutral level, indicating it’s not overbought. Simultaneously, the Moving Average Convergence Divergence (MACD) has signaled a bullish crossover. He believes this combination is a positive sign, suggesting the price may be able to recover and continue rising.
However, we need to see confirmation of this trend. The MACD and RSI indicators suggest a potential upward move, but only if the price stays above $2,150. It’s important to remember that indicators alone aren’t enough to confirm a breakout; price action is key.
According to Alicharts, if Ethereum’s price stays above $1,800, it could start to rise again. This price point is considered a key level – falling below it would suggest a more significant downturn, while staying above it signals a potential recovery.
DamiDefi explained that if Bitcoin closes above $2,150 daily, it could then move towards $2,340 to $2,420 and potentially even higher. However, if it falls below $2,150, it’s likely to return to a period of fluctuating prices. Initial support would be around $2,000, with a stronger floor expected near $1,750.
One Signal Is Green, the Other Isn’t
Ethereum just flashed a very bullish signal – the SuperTrend indicator has flipped to green for the first time in almost a year. Experts who follow this indicator say a change like this, after a long period of negative readings, is rare and significant.
It’s difficult to ignore CyrilXBT’s worries about Ethereum’s price. The fact that the price keeps hitting resistance around $2,400 but with decreasing trading volume is concerning and suggests potential problems. This pattern doesn’t give investors much confidence and definitely warrants further attention.
Analysts are divided in their outlook, mirroring the uncertain chart pattern. The market is showing some upward momentum, but remains within a defined range. For the price to continue rising, it needs to stay above $2,150 and trading activity needs to increase. Conversely, a significant drop below that level could signal a bearish turn.
Neither camp has won yet.
Please note: This article reports on technical analysis discussed by traders on X (formerly Twitter) and is for informational purposes only. It’s not financial advice, so be sure to do your own research before making any investment decisions.
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2026-03-25 17:48