Close Menu
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
What's Hot

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025

Google Search Ranking Volatility Heats Up October 7th and 8th

October 10, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025
Facebook X (Twitter) Instagram
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Facebook X (Twitter) Instagram
Cointelegraphe
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Cointelegraphe
Home»Bitcoin»Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming?
Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming?
Bitcoin

Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming?

adminBy adminMarch 10, 2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Crypto analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level. 

Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash

In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle. The upper boundary acts as long-term resistance, and the lower boundary provides dynamic support. This analysis comes amid ETH’s recent decline below $2,000. 

Related Reading

The analyst noted that after a steady climb, the Ethereum price started showing weakness, confirmed by a head and shoulders pattern, which she claimed is a common sign that the trend might reverse. This weakness led to a strong drop for ETH, bringing its price down to the key support zone around $2,000. 

Trend Diva stated that this support area is important for the Ethereum price because it meets with a major trendline, making it a likely spot where buyers could step in. She added that the volume profile also shows a lot of activity in this zone, meaning traders have been interested in these levels before.

Ethereum
ETH within an ascending triangle pattern | Source: Trend Diva on Tradingview

 The analyst further remarked that if the Ethereum price holds above this $2,000 support, it could bounce towards the $2,800 level, which represents a previous resistance. However, she revealed that a breakdown below the trendline shifts the bias bearish towards $1,414. 

For now, as long as ETH stays above $2,000, a rebound to $2,800 is still on the horizon. 

It is worth mentioning that the Ethereum price briefly lost the $2,000 support level following a crypto market crash on Sunday. As such, there is also the possibility that it could drop to as low as $1,414 as Trend Diva warned. 

A Drop To As Low As $1,250 Is Also On The Cards

In an X post, crypto analyst Ali Martinez said the Ethereum price seems to be breaking out of a parallel channel. He added that ETH could drop to as low as $1,250 if momentum sustains. ETH whales look to be doing everything possible to defend the $2,000 support zone and prevent Ethereum from dropping to these new lows. 

Related Reading

Martinez revealed that the largest whales on the network have bought 330,000 ETH in the last 48 hours. This massive whale accumulation could help prevent further downside pressure and possibly spark a bullish reversal for the Ethereum price. 

At the time of writing, the Ethereum price is trading at around $2,065, down over 5% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $2,129 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com



Source link

Ali Martinez Ascending ascending triangle CoinMarketCap Coming Crash ETH ETH news eth price Ethereum ethereum news ethereum price Ethereum Whales ethusd ETHUSDT Maintains Movement Price Trend Diva Triangle
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025

Brazil’s OranjeBTC Goes Public, Boosts LATAM Bitcoin Push

October 8, 2025

Rally Fueled by ‘Perfect Storm,’ ETH, DOGE, BNB Surge

October 7, 2025

Kraken expands equities offering with new enhancements

October 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Insights

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025

Google Search Ranking Volatility Heats Up October 7th and 8th

October 10, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025

Daily Broad Market Recap – October 8, 2025

October 9, 2025
ads

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

About Us
About Us

At CoinTelegraphe, we are dedicated to bringing you the latest and most insightful news, analysis, and updates from the dynamic world of cryptocurrency. Our mission is to provide our readers with accurate, timely, and comprehensive information to help them navigate the complexities of the crypto market.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025

Google Search Ranking Volatility Heats Up October 7th and 8th

October 10, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025
Get Informed

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

Please enable JavaScript in your browser to complete this form.
Loading
  • About us
  • Contact Us
  • Shop
  • Privacy Policy
  • Terms and Conditions
Copyright 2024 Cointelegraphe Design By Horaam Sultan.

Type above and press Enter to search. Press Esc to cancel.