financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Ethereum Price Analysis: Is ETH in Danger of Falling Below $2,500 Soon?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ethereum Price Analysis: Is ETH in Danger of Falling Below $2,500 Soon?
Feb 15, 2025 6:59 AM

Ethereum’s price has been on a significant decline lately and has yet to reverse. If things remain the same, much lower prices could be expected.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the price has been making lower highs and lows since getting rejected by the $4,000 resistance level twice in December.

Currently, ETH is trading below the 200-day moving average, located around the $3,000 mark, and is trying to break back above $2,700. If the market is able to do so, a bullish reversal will become probable. In case of failure, a drop toward the $2,350 support zone would be imminent.

Source: TradingView

The 4-Hour Chart

Looking at the 4-hour chart, the price has been consolidating over the past couple of weeks. While the market is testing the $2,700 level at the moment, the RSI is on the verge of dropping below 50%.

This signal would indicate a bearish shift in momentum and could result in another push lower toward the $2,000 zone in the coming weeks.

Source: TradingView

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Funding Rates

The futures market has been very influential on the Ethereum price action over the past few years. The funding rates metric is one of the most important indicators of its sentiment, showing whether the buyers or sellers are executing their orders more aggressively.

As the chart suggests, the funding rates have been decreasing consistently amid the recent drop in price. This suggests that the futures market is no longer overheated, and with sufficient spot demand, the market will likely recover.

Source: TradingView SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Sentiment: Gold, Dow Jones 30, USD/JPY – Bears or Bulls in Control?
Market Sentiment: Gold, Dow Jones 30, USD/JPY – Bears or Bulls in Control?
May 16, 2024
Most Read: EUR/USD Fails to Sustain Bullish Momentum, GBP/USD Pauses After Breakout In the dynamic world of trading, it’s easy to fall prey to the herd mentality, where buying into rising markets and selling during downturns seems like the safe bet. However, experienced traders know that there is often untapped potential on the road less traveled. This strategy involves going...
Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
May 16, 2024
Decentralized blockchain network Internet Computer Protocol (ICP) has released a new roadmap for driving decentralized artificial intelligence (DeAI) and chain fusion in the web3 space. According to an official statement sent to CryptoPotato, ICP is unveiling the Year 4 Internet Computer Roadmap to celebrate the third anniversary of its mainnet launch. ICP Releases New Roadmap The new roadmap summarizes three...
The Floppening: Ethereum Can’t Stop Losing Ground To Bitcoin
The Floppening: Ethereum Can’t Stop Losing Ground To Bitcoin
May 16, 2024
More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. Why Does ETH Keep Dumping Against BTC? The trend...
Is Bitcoin’s (BTC) Price Ready to Soar Again as Liquidity Floods In?
Is Bitcoin’s (BTC) Price Ready to Soar Again as Liquidity Floods In?
May 16, 2024
The first month after the Bitcoin halving last month has been uneventful. However, this might change soon as CryptoQuant observed a serious spike in the volume of stablecoins entering the market. Interestingly, there are significant jumps in stablecoin inflows at various points, often corresponding with movements in bitcoins price. Surge in Liquidity Signals Strong Bullish Trend Bitcoin witnessed a significant...
Copyright 2023-2025 - www.financetom.com All Rights Reserved