Ethereum price started a recovery wave above the $2,500 zone. ETH is up nearly 10% and now faces a major resistance near $2,920.

• Ethereum started a decent upward move above the $2,500 support zone.
• The price is trading below $2,900 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh decline if it stays below the $2,920 level.

Ethereum Price Attempts Recovery

Ethereum price started a major decline below the $2,800 level, underperforming Bitcoin. ETH declined below the $2,650 and $2,500 levels to enter a bearish zone.

There was a clear move below the $2,200 level. The price declined over 25% and tested the $2,120 zone. A low was formed at $2,127 and the price recently started a fresh upward move. There was an increase above the $2,500 level.

The price surpassed the 50% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone. There is also a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD.

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,900 level. The first major resistance is near the $2,920 level and the trend line or the 61.8% Fib retracement level of the downward move from the $3,403 wing high to the $2,127 swing low.

The main resistance is now forming near $3,000. A clear move above the $3,000 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,320 in the near term.

Another Drop In ETH?

If Ethereum fails to clear the $2,900 resistance, it could start another decline. Initial support on the downside is near the $2,765 level. The first major support sits near the $2,650.

A clear move below the $2,650 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,765

Major Resistance Level – $2,920

FET price has been in a steep decline, dropping over 40% in the last 30 days and another 20% in the past week. This sharp correction follows the broader weakness in artificial intelligence tokens, with technical indicators pointing to continued bearish momentum.

While mid-sized whales have been selling, larger holders are accumulating, creating uncertainty about whether a bottom is forming. With a rising ADX confirming strong downside pressure and EMA lines maintaining a bearish structure, FET now faces key support and resistance levels that could determine its next major move.

FET Whales Are Sending Mixed Signals

FET whales have shown mixed signals recently. The number of addresses holding between 100,000 and 1,000,000 FET dropped from 404 to 389, while those holding 1,000,000 to 10,000,000 FET increased from 166 to 180.

This suggests that mid-sized holders are selling while larger FET whales are accumulating, leading to a shift in the market.

Tracking whale activity is crucial as their movements often impact price trends. With FET down 15% in the last 24 hours and nearly 50% in the past month, this pattern could indicate either a potential bottom or continued volatility.

If large whales keep buying, confidence in recovery may grow but sustained selling pressure could push prices lower.

FET DMI Shows the Downtrend Is Very Strong

FET’s ADX is currently at 49.4, nearly doubling from 24.8 in just two days. This sharp increase signals that the strength of the current trend is intensifying, reinforcing the ongoing market direction.

Given that FET is in a downtrend, the rising ADX suggests bearish momentum is getting stronger.

ADX measures trend strength, with values above 25 indicating a strong trend and those above 40 signaling an even more powerful move.

Meanwhile, +DI has dropped from 14.5 to 5.7, while -DI has surged from 19.6 to 37.3, peaking at 48.1 earlier. This confirms that sellers are firmly in control, and unless +DI starts rising, FET price could face further downside pressure.

FET Price Prediction: Will FET Reach Its Lowest Levels Since December 2023?

FET’s EMA lines are in a bearish formation, with all short-term lines below the long-term ones. If the current downtrend remains strong, FET could test support at $0.69, and a breakdown below that could lead to $0.59.

If selling pressure persists, the price could drop below $0.50 for the first time since December 2023, threatening its position as one of the most relevant artificial intelligence cryptos in the market.

However, a shift in momentum could push FET price toward resistance at $0.94.

A breakout above this level could see it test $1.11, with further upside potentially bringing it back to $1.34.

Cardano’s (ADA) price has dropped 30% in a month and roughly 18% in the past two weeks. Its market cap has now fallen to $27 billion, reflecting the broader weakness in altcoins.

Technical indicators, including a rising ADX and a bearish Ichimoku Cloud setup, suggest that ADA’s current downtrend is strengthening. With key support at $0.519 and a potential downside of $0.32, ADA needs a strong reversal to reclaim $0.78 and push toward the $1 mark.

Cardano ADX Shows the Current Downtrend Is Very Strong

Cardano ADX has surged to 44, up from just 11.2 three days ago, signaling a sharp increase in trend strength. Since ADX measures the strength of a trend without indicating direction, this jump confirms that ADA’s current price movement is gaining momentum.

Given that ADA is in a downtrend, this rising ADX suggests that bearish pressure is intensifying rather than weakening.

ADX values above 25 indicate a strong trend, while readings above 40 suggest an even more dominant market move.

With ADA’s ADX now at 44, the ongoing downtrend appears well-established, making a reversal less likely unless a significant shift in buying activity occurs. If selling pressure continues, ADA could face further downside, with lower support levels coming into focus.

ADA Ichimoku Cloud Shows a Bearish Scenario

Cardano Ichimoku Cloud setup confirms a strong bearish trend. The price is trading well below the cloud, which is a clear sign of downside momentum. The future cloud is also turning bearish, suggesting that selling pressure is likely to continue.

Additionally, the Tenkan-sen (blue line) remains below the Kijun-sen (red line), reinforcing the short-term bearish outlook.

For ADA to reverse this trend, it would need to break back above the cloud and establish it as support. However, with the Chikou Span (green line) trailing far below the price action and the cloud widening, the bearish momentum remains strong.

Unless buying volume increases significantly, ADA price could struggle to regain key resistance levels and may continue facing downside risk.

ADA Price Prediction: Can Cardano Reclaim $1 This Week?

Cardano price is currently facing resistance at $0.78 and support at $0.519. If the ongoing downtrend persists and ADA loses this support, the next major level to watch is $0.32, which would mark its lowest price since late November 2024.

Given the strong bearish momentum, breaking below $0.519 could accelerate the decline.

However, if the broader altcoin market starts recovering, Cardano could attempt to reclaim $0.78.

A successful breakout above this level could push it toward $0.87, and if the momentum continues, ADA could reach $1, representing a potential 40.8% gain. For this scenario to play out, buying pressure would need to increase significantly.