Below is the analysis of the ETH/USDT chart (daily frame – 1D) on Binance, data provided by TradingView:
1. Overview of Market Structure
Main trend: From around July 2024 to early 2025, ETH sharply declined from the peak around 4,500 USD to near 2,000 USD, indicating a medium-term downtrend.
Current phase: After hitting the bottom around 2,000 USD, the price shows signs of recovery but remains below the strong resistance area (red zones) above.
Overall, ETH is in the process of accumulation and looking for buying strength around the support zone (green) before it can break up to higher levels.
2. Support & Resistance Analysis
Main support area (green):
The 1,900 – 2,100 USD area is an important support zone. This is where the price has bounced at least twice before, indicating strong buying pressure when ETH drops to this area.
If this support zone is decisively broken, the risk of a deeper decline will increase.
Main resistance zone (red):
From 2,400 – 2,600 USD: Near resistance zone, where the price has reacted strongly before and may hinder short-term uptrend.
From 2,800 – 3,000 USD: Next resistance zone, which previously acted as support, may now become resistance if the price approaches it again.
To confirm the medium-term bullish trend, ETH needs to break strongly through these resistance areas with high trading volume.
3. Technical Indicators & Candle Signals
Stochastic RSI (below the chart):
Looking at the chart, Stoch RSI is in the high zone (near 80–100). This is a sign that the market could temporarily be in an overbought state in the short term.
If Stoch RSI cuts below this zone, ETH may experience a slight correction or continue to accumulate before rising again.
Price Action:
A long series of bearish candles from the 3,000 – 3,500 USD zone shows previous selling pressure was quite strong.
Recently, the trading range has been narrowing around 2,000 – 2,400 USD, suggesting the possibility that ETH is 'building a base' or accumulating. When the market is sufficiently compressed, a breakout will occur.
Trading volume:
Pay attention to trading volume as the price approaches support or resistance zones. If volume surges along with price breaking through resistance, that is a reliable signal that the trend may continue.
4. Trading Scenarios & Reference Strategies
Bullish scenario:
If ETH holds the 2,000 – 2,100 USD zone and Stoch RSI cools down (falls back to the neutral zone) then turns back up, it can be expected that the price will test the resistance area of 2,400 – 2,600 USD.
Breaking above 2,600 USD (especially if surpassed with high volume) could pave the way for ETH towards the 2,800 – 3,000 USD mark.
Bearish scenario:
If the price drops below 1,900 USD with strong selling pressure, ETH risks returning to the medium-term downtrend.
Investors should cut losses or temporarily stand aside to observe, waiting for clearer reversal signals.
Risk management:
Set a stop-loss order below the important support zone if trading in a bullish trend.
Only enter orders with moderate volume and have a clear capital management plan, as the crypto market is very volatile.
5. Conclusion
Medium-term trend: Still in the adjustment and accumulation phase, more data is needed to confirm a strong bullish trend.
Support – resistance area: 2,000 – 2,100 USD (support), 2,400 – 2,600 USD (near resistance), 2,800 – 3,000 USD (next resistance).
Stoch RSI indicator: Currently in the high zone, posing short-term correction risks.
Investors should further observe confirming signals (especially trading volume and recovery from the support zone) before deciding to enter orders.
Note: This analysis is for reference only, not investment advice. The cryptocurrency market is highly volatile, you should consider carefully and manage risks when participating.
