Why Ethereum Can’t Rebound? – Analytics Firm Shares Critical Price Levels That Must Be Defended

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Bitcoinsistemi2025/01/28 19:55

By:Mete Demiralp

The cryptocurrency analytics firm has outlined key levels for Ethereum, which has been talked about for its underperformance lately.

Cryptocurrency analytics platform MakroVision has released its latest assessment of Ethereum, noting its continued weakness following the recent market sell-off.

Ethereum is currently trading well below the $3,273 level, with the drop largely attributed to the uncertainty surrounding DeepSeek as explained in the platform’s weekly report.

Key resistance levels according to analysts:

$3,273: This level broke to the downside and now acts as a short-term resistance.
Red Trendline: Ethereum remains in a downtrend and a breakout of this area could signal the beginning of a bullish reversal.

Why Ethereum Can’t Rebound? – Analytics Firm Shares Critical Price Levels That Must Be Defended image 0

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Key support levels:

$2,960-$3,030: Described as a strong liquidity zone that has already been lightly tested.
$2,810-$2,880: Known as the “golden pocket” (.618 Fibonacci retracement level), this area is a key support group for bullish traders. A drop below this area could jeopardize Ethereum’s broader bullish structure.

According to the analyst firm, a recovery of $3,273 is necessary for any recovery.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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