Ethereum: An Opportunity to Buy or a Clear Threat!? - 18 March 2025 Review

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  Ethereum: An Opportunity to Buy or a Clear Threat!? - 18 March 2025 Review

 
The key support and resistance level ahead for ETH/USD is as follows:
•Third Key resistance level of ETH/USD: 2130
• Second Key resistance level of ETH/USD: 2000
• First key resistance level of ETH/USD: 1950
• First key support level of ETH/USD: 1825
• Second Key support level of ETH/USD: 1748
•Third Key support level of ETH/USD: 1600
 
Ethereum: An Opportunity to Buy or a Clear Threat!?
 
Ethereum, often called the silver of the cryptocurrency world, has consistently maintained its position as the second most important digital asset in market cap and trading volume. Over the past four months, Ethereum has been in a downtrend.

Analyzing the long-term price movements, such as on the weekly timeframe, shows no clear indication of a trend reversal. If the key support level at $1,748 is broken and fails to hold, the price can decline, possibly reaching the critical level of $1,600.

The price has reached an ascending trendline formed by two significant support points. This trendline could be a barrier, preventing further price drops in the upcoming price movements. (Monitoring the price reaction on this pattern is crucial.)

On shorter timeframes, such as the daily and 4-hour charts, the price is currently near the support edge of a descending channel pattern. Given the recent declines, Ethereum appears to be oversold.
If the $1,748 support level holds, the price could correct upward toward the psychological resistance level at $2,000, or in a more substantial scenario; it could climb to $2,130. (This scenario becomes more valid if the $1,950 resistance level is first broken.)
 

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