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As of February 21, 2025, $ETH price trades at $2,835.6 after rising 4.5% this week. Investors are closely watching whether the recent spike in China’s money supply event could drive demand for Ethereum price, especially if it signals broader economic stimulus or inflationary pressures in China, potentially boosting risk on assets like cryptocurrencies. The four-hour chart shows Ethereum price has bounced 4.02% after flipping the weekly VWAP on Thursday. In this recent uptick, $ETH has also overcome the value area formed during the past 17-day consolidation. This value area is where 68% of the volume was traded and it extends from $2,622 to $2,765. If this bullish trend continues, the next key level to watch is $2,869, resting above this is the buy-side liquidity. Beyond this, $3,119 and $3,300 are critical resistance levels that could prevent a bullish reversal. ETH/USDT 4-hour chart A reentry into the value area after sweeping the liquidity above $2,869 is likely, considering Bitcoin’s (BTC) uncertain outlook. In such a case, the $2,621 and $2,682 are two critical support levels to watch. May traders are suggesting to be patient and not open long positions until the $BTC price clears $100K as the probability of reversal is high between $97K and $99K. For example, crypto analyst Follis posted to X stating, “not interested in FOMO’ing here” with a Bitcoin chart.

XRP ($XRP ) continues to trade sideways between $2.85 and $2.30 as the US Securities and Exchange Commission (SEC) acknowledges a slew of XRP ETF filings. XRP price rebounded above $2.60 recently as several analysts highlighted the importance of breaking the $2.75-$2.80 area next.  XRP/USD daily chart. XRP price ascending triangle targets $3.20 Egrag Crypto, an XRP market analyst, highlighted that XRP was trading within an ascending triangle in the 12-hourly timeframe, as shown in the chart below. According to the analyst, the price needs to “close above the apex” of the prevailing chart pattern at $2.75 to “continue the upward trajectory.”  “Closing above this level will provide bullish confirmation to continue the upward trajectory, with a measured target of $3.20.” Such a move would bring the total gains to 20% from the current level. XRP/USD daily chart. The analyst, however, cautioned that investors should be aware of a “potential bull trap” as the month comes to an end.

Chart analysis for $ETH showing price action on a daily timeframe. Key elements include: 1. Support and Resistance Zones: A strong resistance zone around $4,000 (upper gray area) where price was previously rejected. A strong support zone around $2,000 (lower gray area), where price previously bounced. A mid-range level around $2,750, acting as a pivot area. 2. Descending Trendline: A downward trendline from previous highs suggests a bearish trend continuation unless broken. 3. Recent Price Action: Price is currently testing $2,750 after a breakdown, possibly retesting it as resistance. If rejected, a drop towards $2,000 support is likely. A breakout above the trendline could signal a reversal towards $3,500-$4,000. The market is at a decision point—a breakout above the trendline could lead to bullish momentum, while rejection could continue the bearish trend toward lower support levels.

🫣$J Coin Going as I 😯Mention in Old Insight:- Key Observations: 1️⃣-Price Action: The current price is $0.3263, showing a +56.35% increase. The 24-hour high is $0.3450, while the low is $0.1987. Significant volatility is observed, suggesting strong market interest. 2️⃣-Technical Patterns: The Inverse Head and Shoulders pattern is identified, which is generally considered a bullish reversal signal. If the price follows the projected pattern, a strong breakout to the upside may occur. 3️⃣-Support and Resistance Zones: Support Zone: Around $0.1717, indicating a strong demand area. Resistance Zone: Multiple resistance levels are marked around $0.2792, which has been breached, confirming bullish momentum. 4️⃣-Indicators: RSI (Relative Strength Index): RSI(6) = 82.38 (Overbought) RSI(12) = 65.13 (Moderately High) RSI(24) = 50.48 (Neutral) The short-term RSI is in the overbought region, which might indicate a possible correction before further upward movement. Stochastic RSI: K = 94.36, indicating an overbought condition, which suggests a pullback may occur before another bullish push. Volume: Significant increase in volume, confirming strong buying interest. Moving averages (MA5 and MA10) indicate a rising trend. 💥Conclusion: The overall sentiment appears bullish due to the inverse head and shoulders pattern, breakout above resistance, and strong volume. However, overbought RSI levels suggest a short-term correction or consolidation before the next major move. If the price sustains above $0.2792, further upside toward $0.4667 - $0.6582 is possible. If a pullback occurs, $0.2792 - $0.2500 could act as a new support before another leg up.

Looks like #Bitcoin is turning the local resistance into support. Key objective remains reclaiming $100,000. Hold current area and next week should be fun.