Crypto Traders Meetup📊 Live Cryptocurrency Market📈 Professional Technical Analysis🔎
In the long run, let me clarify the picture for you based on recent movements and the overall indicators of the crypto market:
The overall trend (long-term)
The long-term trend for ETH is still generally bullish, but it is currently undergoing a correction or consolidation phase after the strong rise it experienced at the beginning of 2025.
The $2000-$2150 level is the main barrier that ETH has failed to surpass in recent months, causing it to enter a corrective wave.
Long-term technical factors:
The price is currently still above the long-term pivotal support at the $1700-$1600 area, which is the upward trend line that started at the end of 2022.
Major moving averages like the 200-day MA are still trending upwards, supporting that this pullback is only short- to medium-term.
The weekly RSI is still in the neutral zone, meaning the market is not in an oversold area, and there is room for further temporary decline before resuming the upward trend.
The fundamental outlook:
Ethereum still has strong support from institutions, especially with the ongoing anticipation of network improvements (such as Ethereum 2.0 and the expansion of Layer 2 solutions).
Also, the talk about the possibility of approving an ETF for Ethereum later this year may bring back strong buying momentum for the coin.
Long-term summary:
A positive (bullish) outlook as long as prices remain above $1600.
Current pullbacks towards $1700-$1750 are considered "buying opportunities" for those who believe in long-term investment.
A drop below $1600 will be a signal that the long-term bullish trend has started to weaken, and here we reassess the situation.