What Important Technical Indicators Are Saying
Crypto Analyst Tony Severino Similarities have been achieved between Ethereum’s price action in 2024 and this year. Specifically, analysts highlighted important technical indicators and their evaluation of the future trajectory of ETH.
Ethereum’s price action in 2024 2025 is based on important technical indicators
exist X PostsTony Severino offers Japanese candlesticks, TD sequence and parabolic SAR analysis for 2024 and 2025 Ethereum price action. He noted that ETH’s 2024 candles have lowered their heights on both the candle close and the wick height. On the other hand, he revealed that the 2025 candlestick is currently a bearish, with the candle’s body completely swallowing the 2024 candlestick and entering the 2023 candlestick.
Related Readings
Meanwhile, Severino said the annual support price is $735, while the parabolic core SAR is $370. He also pointed out TD sequential counting Now it’s a red 1, which is likely to indicate the beginning of the first ever downward trend in Ethereum. The analyst assured that the candlestick, which will be ten months to end each year, would be long before it would be.
Ethereum is currently on a downward trend, down $2,000 for the first time yesterday since December 2023. Even though ETH has recovered this psychological level, it is still concerned about its current price action. As Severino points out, Ethereum prices may face the first annual downward trend ever.
Ethereum started the year in an unusual way, recording negative monthly closing ceremonies in January and February, the first time it happened. Crypto Analyst Ali Martinez Warnings say Ethereum prices can still fall to $1,600 or even $1.200, damaged below the lower boundary of parallel channels.
The bottom of ETH may be
In X posts, crypto analyst Titans of cryptocurrency Assert the bottom of Ethereum. He revealed that the 2024 lows have been swept away by ETH’s permanent chart, taking advantage of what analysts see as the most important point of interest as potential reversal. Analysts accompanying charts show that Ethereum prices can still approach or even reach current all-time highs (ATH).
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In the short term, Ethereum prices are still expected to rebound. Analysts reveal two ETHs CME Futures Gap Stay above $2,500. The first is $2,540 to $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps have traditionally tended to fill, suggesting that cryptocurrencies will soon rebound to these price levels.
At the time of writing, Ethereum price was trading at about $2,176, up more than 3% in the past 24 hours. data From CoinMarketCap.
Featured images from Unsplash, charts from TradingView.com
