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Ethereum Tests Massive Falling Wedge – Breakout Could Target $4K Cycle Highs

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Ethereum (ETH) has been trading within a narrow 4-hour range between $3,150 and $3,500, leaving investors frustrated with its lackluster performance in recent weeks. As other assets in the crypto market make strides, Ethereum’s sideways movement has caused many to question whether it can regain its momentum this year. The prolonged consolidation has dampened sentiment, with some investors beginning to lose patience and faith in ETH’s ability to deliver substantial returns.

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However, optimism remains among technical analysts who see Ethereum nearing a critical inflection point. Top crypto analyst Daan recently shared a technical analysis on X, highlighting a massive falling wedge pattern forming on Ethereum’s chart. This setup is widely considered a bullish reversal indicator, with the potential to spark significant upward movement if the price breaks out.

According to Daan, a breakout from this falling wedge would likely pave the way for Ethereum to test the $4,000–$4,100 level, offering a glimmer of hope for bullish investors. Such a move could reinvigorate market confidence and set the stage for Ethereum to reclaim its status as a leading altcoin. For now, all eyes are on ETH as traders await confirmation of the next big move in this highly-watched range.

Ethereum Facing Serious Risks

Ethereum has remained in a downtrend since late December, struggling to regain momentum as bearish sentiment continues to dominate the market. The lackluster price action has left investors and analysts increasingly concerned about the possibility of a deeper correction, as ETH consolidates near critical support levels. While some remain hopeful for a turnaround, the current outlook suggests Ethereum faces significant challenges ahead.

Top crypto analyst Daan recently shared his insights on X, highlighting a massive falling wedge pattern on Ethereum’s chart. This pattern is often regarded as a bullish reversal signal, with the potential to trigger a significant breakout if confirmed. According to Daan, a successful breakout could propel ETH toward the $4,000–$4,100 range, revisiting its cycle highs. However, he also expressed caution, suggesting that if ETH does manage to reach this level, it may encounter strong resistance, potentially leading to another sharp rejection.

Ethereum testing this massive falling wedge | Source: Daan on X
Ethereum testing this massive falling wedge | Source: Daan on X

Daan emphasized the importance of monitoring the falling wedge trendline, noting that it will play a crucial role in determining Ethereum’s next move. For now, the market remains in a wait-and-see mode, with ETH navigating a precarious balance between bullish breakout potential and the risk of further downside.

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As Ethereum hovers around key levels, traders and investors are closely watching for signs of a definitive move. A breakout above the falling wedge could breathe new life into ETH and reignite optimism, while failure to hold support may lead to an extended period of consolidation or even a deeper correction. The coming days will be critical in shaping Ethereum’s trajectory, with its performance likely to influence broader market sentiment.

ETH Consolidates Above Key Demand

Ethereum (ETH) is trading at $3,322 after enduring several days of choppy price action, reflecting the broader uncertainty in the crypto market. The price has struggled to gain momentum as it remains stuck in a tight range, testing the patience of investors and traders alike. To ignite an uptrend, bulls must hold the critical $3,300 support level, which has served as a key demand zone in recent sessions.

ETH testing crucial demand | Source: ETHUSDT chart on TradingView
ETH testing crucial demand | Source: ETHUSDT chart on TradingView

A decisive push above the $3,500 resistance level, which has capped ETH’s upward movement for weeks, is essential to confirm a bullish breakout. Clearing this level would likely reinvigorate market sentiment and attract fresh buying interest, setting the stage for Ethereum to target higher price levels in the coming days.

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However, the downside risks are significant. If ETH fails to hold the $3,300 mark, it could trigger a wave of selling pressure, leading to a deeper correction. Such a move could also cause capitulation among investors who have grown disillusioned with Ethereum’s underperformance compared to Bitcoin and other altcoins.

Featured image from Dall-E, chart from TradingView



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Ethereum

Whales Accumulate 470,000 Ethereum In One Week – Bullish Momentum Ahead?

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Ethereum is now trading above the $2,000 mark after several days of struggle, marking a potential turning point for the second-largest cryptocurrency by market cap. ETH had plunged over 38% since late February, sparking panic among investors when the price broke below the critical $2,000 level and briefly fell under $1,800. This sharp drop led many to question whether the broader altcoin market was entering a prolonged bear phase.

However, the recent recovery and price stabilization above $2,000 have renewed optimism among Ethereum holders. Many investors believe the worst may be over and that ETH could begin building the foundation for a sustained recovery in the coming months.

Supporting this sentiment, data from Santiment reveals that whales have bought roughly 470,000 ETH over the past week. This notable accumulation from large holders suggests growing confidence in Ethereum’s long-term potential, even amid recent volatility. Historically, whale accumulation has preceded major price rallies, adding to speculation that Ethereum could be gearing up for a significant upward move.

While uncertainty remains, current on-chain signals and market behavior hint that ETH may be preparing for a bullish breakout — if bulls can defend key support levels and reclaim higher ground.

Ethereum Builds Momentum Amid Potential Recovery

Ethereum is showing signs of life after a prolonged period of consolidation and selling pressure. The recent push above the $2,000 mark has given bulls a critical opportunity to reclaim control and ignite a recovery uptrend. However, price action remains uncertain, with the market caught between expectations of a continued downtrend and hopes for a meaningful reversal.

Bulls must now defend the $2,000 support level with strength. This price point has been a major psychological and technical barrier over the past few months, and a solid hold above it could provide the foundation for a broader rally. A failure to maintain this level, however, could invite further downside pressure and signal the continuation of the bearish trend.

Adding to the growing optimism is new on-chain data shared by top analyst Ali Martinez. According to Santiment, Ethereum whales have accumulated roughly 470,000 ETH in the past week. This surge in accumulation from large holders suggests confidence is returning to the market and could indicate that smart money is positioning for a potential move higher.

Ethereum whales bought 470,000 ETH in a week | Source: Ali Martinez on X
Ethereum whales bought 470,000 ETH in a week | Source: Ali Martinez on X

Historically, heavy whale buying has often preceded major price increases, serving as a leading indicator for broader market sentiment. If bulls continue to step in and Ethereum maintains its footing above $2,000, a recovery toward $2,300 and beyond may soon be on the table.

ETH Price Hovers Above $2,000 As Bulls Try To Find Momentum

Ethereum is trading at $2,090 after a sharp rebound from recent lows, marking its first sustained move above the $2,000 level in weeks. This area has become a critical battleground between bulls and bears, as ETH has struggled below this mark since early March. Now, with price action pushing higher, bulls must defend this support zone to maintain momentum.

ETH trying to push above $2,200 | Source: ETHUSDT chart on TradingView
ETH trying to push above $2,200 | Source: ETHUSDT chart on TradingView

To confirm a meaningful recovery, Ethereum must break above the $2,200 resistance—an area aligned with previous consolidation and short-term moving averages. A successful reclaim of this level would likely ignite renewed bullish momentum and open the path toward $2,300 and higher.

However, if bulls fail to hold the $2,000 mark, selling pressure could return quickly. A breakdown below this level would signal weakness and potentially send ETH back toward the $1,800 zone, which served as a recent bottom during the sell-off.

Momentum is slowly shifting, but the next few trading sessions will be crucial. Ethereum needs sustained buying volume and stronger confirmation above $2,200 to establish a true bullish reversal. Until then, the $2,000 line remains the key level to watch as the battle for direction continues.

Featured image from Dall-E, chart from TradingView 

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Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details

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Ethereum is facing mounting pressure after weeks of relentless selling and underwhelming price action. Since January, bulls have failed to regain control, and ETH has continued to bleed value in a market increasingly dominated by fear and uncertainty. With no clear signs of a reversal, the coming weeks could bring more pain for investors holding long positions.

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Global financial markets remain on edge as trade war fears and geopolitical tensions intensify. This hostile macro environment has driven investors away from high-risk assets like cryptocurrencies, and Ethereum has been one of the hardest hit. The weakness in price reflects not only technical breakdowns but also a broader lack of confidence in short-term recovery.

Top analyst Big Cheds recently shared a technical analysis showing Ethereum is now trading at $1,840 — a staggering drop from its $3,400 level earlier this year. According to Cheds, this confirms the continuation of the current downtrend, with ETH now moving into lower demand zones that could offer limited support.

Unless bulls step in with strength, Ethereum’s outlook remains bearish. The market is watching closely to see if $1,800 can hold — or if deeper losses lie ahead as momentum continues to favor the downside.

Ethereum Under Pressure As Key Levels Collapse

Ethereum is in a critical position as it continues to lose key support levels under mounting selling pressure. After briefly reclaiming the $2,000 mark in recent weeks, ETH has once again fallen below this crucial threshold — a failure that has intensified bearish sentiment and placed bulls in a defensive stance. With each failed recovery attempt, investor confidence weakens, and analysts are now calling for a deeper correction in the coming weeks.

The situation is particularly delicate as Ethereum serves as the backbone for much of the crypto ecosystem. A sustained downtrend in ETH doesn’t just impact its own holders but also influences the broader altcoin market and DeFi sectors that rely on Ethereum’s price strength for momentum. The continued decline has heightened concerns that a prolonged bear phase may be unfolding.

Big Cheds shared a bearish technical outlook, pointing to the severity of ETH’s drop from its $3,400 local high to the current $1,840 level. According to Cheds, if the downtrend continues, the next key accumulation zone to watch could be between $1,200 and $1,300 — a range that previously acted as a strong base during earlier cycles.

Ethereum facing a massive correction | Source: Big Cheds on X
Ethereum is facing a massive correction | Source: Big Cheds on X

If Ethereum falls to that zone, it would represent a correction of over 60% from its recent peak. Such a move would signal a major breakdown in structure and test long-term investor conviction. For now, bulls must fight to hold the $1,800 level and attempt to reclaim lost ground. Without a shift in momentum soon, the road ahead for ETH looks increasingly challenging — and the broader market may follow its lead downward.

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Key Resistance Levels Remain Untouched

Ethereum is currently trading at $1,840, continuing to show weakness after failing to reclaim the 4-hour 200 moving average (MA) and exponential moving average (EMA), both sitting near the $2,100 level. These indicators have acted as strong dynamic resistance since December 2024, and ETH has consistently traded below them — a clear sign that bears remain in control of the trend.

ETH failing to reclaim key supply levels | Source: ETHUSDT chart on TradingView
ETH failing to reclaim key supply levels | Source: ETHUSDT chart on TradingView

This prolonged weakness below the 200 MA and EMA has reinforced the bearish momentum, with bulls unable to regain any meaningful ground in recent months. Until Ethereum can break back above these key technical levels, any attempt at a sustained recovery is likely to fall short.

A reclaim of the 200 MA and EMA could trigger a significant upside move, as it would signal a shift in short-term market structure and potentially spark renewed buying interest. However, even before that happens, bulls must focus on reclaiming the psychological $2,000 level — a major price zone that has repeatedly defined the battle between buyers and sellers.

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If ETH can break above both $2,000 and $2,100 with volume, it may mark the beginning of a stronger recovery phase. Until then, price action remains vulnerable and tilted toward the downside.

Featured image from Dall-E, chart from TradingView 



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Ethereum

Ethereum May Have Hit Cycle Bottom, But Pricing Bands Signal Strong Resistance At $2,300

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Multiple crypto analysts suggest that Ethereum (ETH) may have already reached the bottom for this market cycle. However, the second-largest digital asset by market cap is expected to encounter significant price resistance in the near term.

Ethereum Has Likely Hit This Cycle’s Bottom

According to an X post by crypto analyst TraderPA, ETH has likely found this market cycle’s bottom. The analyst shared the following chart showing ETH repeatedly bouncing off a five-year-old support level.

traderPA
Source: TraderPA on X

The last time ETH touched this support line, it triggered a powerful rally, with its price surging an impressive 340%. A similar move this time could potentially push ETH to a new all-time high (ATH).

Fellow crypto trader Merlijn The Trader proposed that Ethereum might be on the verge of another parabolic run. He pointed out that ETH appears to follow the ‘1, 2, 3 bounce pattern,’ which previously led to a massive 3,600% gain the last time this setup played out.

For the uninitiated, the 1, 2, 3 bounce pattern is a technical analysis setup where the underlying asset’s price bounces off a trendline – point 1 and 2 in the below chart – followed by a range breakout after bouncing off from point 3.

merlijn
Source: Merlijn The Trader on X

Crypto analyst CryptoBullet provided a medium-term outlook for ETH’s price action. He suggested that ETH may be primed for a “good mid-term bounce.” He added:

This month ETH hit the 300-Week MA. In its history, ETH hit the 300-Week MA only 2 times: in June 2022 (bear market bottom) and this month – March 2025. My target for the bounce is $2900-3200. Once my target is reached, we will re-evaluate.

cryptobullet
ETH appears to be bouncing off of the 300-Week Moving Average | Source: CryptoBullet on X

ETH Faces Strong Resistance At $2,300

In a recent X post, prominent digital assets analyst Ali Martinez noted that while Ethereum has reclaimed its realized price of $2,040, its next major obstacle lies at $2,300, based on pricing bands analysis.

ethereum
Source: ali_charts on X

Meanwhile, on-chain data and other indicators suggest a potential price recovery for ETH. Recent data from Santiment shows that ETH whales – wallets holding large amounts of ETH – accumulated more than 420,000 ETH over five days.

Additionally, ETH reserves on cryptocurrency exchanges hit a new all-time low this week, dropping to 18.3 million tokens. Shrinking ETH reserves on trading platforms often fuel a supply scarcity narrative, potentially driving prices higher.

That said, ETH continues to underperform against Bitcoin (BTC), sliding to fresh multi-year lows with no clear signs of recovery. At press time, ETH trades at $2,052, down 0.9% over the past 24 hours.

ethereum
ETH trades at $2,052 on the daily chart | Source: ETHUSDT on TradingView.com

Featured Image from Unsplash.com, Charts from X and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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