Crypto analyst Tony Severino has drawn similarities between Ethereum’s worth motion in 2024 and this 12 months. Particularly, the analyst highlighted essential technical indicators and what they’re saying about ETH’s future trajectory.
Ethereum’s Value Motion In 2024 Vs. 2025 Primarily based On Necessary Technical Indicators
In an X put up, Tony Severino supplied a Japanese candlestick, TD Sequential and Parabolic SAR evaluation of the 2024 and 2025 Ethereum worth motion. He famous that ETH’s 2024 candle made a decrease excessive each on a candle shut and wick excessive foundation. Alternatively, he revealed that 2025’s candlestick is presently a bearish engulfing with the candle physique absolutely engulfing 2024’s candlestick and is coming into 2023’s candle physique.
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In the meantime, Severino acknowledged that the yearly assist is drawn at $735, whereas the Parabolic SAR is at $370. He additionally remarked that the TD Sequential depend is now on a purple 1, doubtlessly denoting the beginning of Ethereum’s first ever yearly downtrend. The analyst assured that it’s nonetheless very early to fret a couple of yearly candlestick that has ten extra months to shut.
Ethereum is presently in a downtrend, having dropped under $2,000 yesterday for the primary time since December 2023. Though ETH has recovered above this psychological degree, considerations stay about its present worth motion. As Severino famous, the Ethereum worth may very well be going through its first-ever yearly downtrend.
Ethereum started the 12 months in an uncommon method, recording a detrimental month-to-month shut in each January and February, the primary time this has occurred. Crypto analyst Ali Martinez warned that the Ethereum worth might nonetheless drop to as little as $1,600 and even $1.200, having damaged under the decrease boundary of a parallel channel.
ETH’s Backside May Be In
In an X put up, crypto analyst Titan of Crypto asserted that Ethereum’s backside is in. He revealed that the 2024 low has been swept on ETH’s perpetual day by day chart, tapping into what the analyst believes is essentially the most vital focal point for a possible reversal. The analyst’s accompanying chart instructed that the Ethereum worth might nonetheless come near and even attain its present all-time excessive (ATH).
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Within the brief time period, the Ethereum worth continues to be anticipated to rebound. The analyst revealed that two ETH CME futures gaps stay unfilled above $2,500. The primary is between $2,540 and $2,620, whereas the second is between $2,900 and $3,300. He famous that these ETH CME futures gaps historically are likely to get crammed, indicating that the crypto might quickly rebound to those worth ranges.
On the time of writing, the Ethereum worth is buying and selling at round $2,176, up over 3% within the final 24 hours, in keeping with information from CoinMarketCap.
Featured picture from Unsplash, chart from Tradingview.com
