According to the latest market analysis on March 22, 2025, Ethereum (ETH) today exhibits a sideways oscillation pattern under the tug-of-war between bulls and bears, with technical indicators and market sentiment showing divergence.
1. Price range and key levels
The current ETH price is oscillating in the range of $1,870 - $2,080, with short-term resistance concentrated at $2,015 - $2,080 (4-hour K-line), and strong support located in the range of $1,813 - $1,870. Some analysts point out that if it breaks below the $1,800 support, it may further test down to $1,600 or even $1,710.
2. Technical indicator analysis
Short-term trend: The 4-hour K-line shows shrinking volume oscillation, with the MACD indicator strengthening bearish momentum but not forming a death cross. The Bollinger Bands are narrowing, indicating that a price change is imminent. The RSI indicator is close to 33 (oversold area), suggesting technical rebound demand.
Mid to long-term signals: The weekly MACD shows a high-level death cross, and the weekly chart may maintain a consolidation phase; if it fails to break through the $2,171 resistance zone, a 'perfect rejection' pattern may form, accelerating the decline.
Market sentiment: The Fear and Greed Index has risen to 33 (neutral to fear), with volatility reaching a six-month high.
3. Long-short strategy recommendations
Bullish opportunity: If the price retraces to the $1,870 - $1,855 support zone without breaking below, one can lightly position long, targeting $1,950 - $2,015.
Bearish risk: The $2,010 - $2,040 range is a key resistance level; if broken, a rebound to $2,080 may occur. If it faces pressure and falls back, consider shorting around $2,040, targeting $1,980.
4. External influencing factors
Institutional movements: Standard Chartered Bank has lowered its 2025 ETH price forecast by 60% to $4,000, believing that Layer 2 networks (such as Base) create long-term pressure on ETH value. However, long-term holders continue to accumulate, with exchange reserves dropping to 18.8 million ETH, indicating limited selling pressure.
Technical upgrade: The Pectra upgrade plan is set to go live on the mainnet on April 25, which may reduce transaction fees and improve scalability, but the market reaction has been tepid.
Risk warning: The above analysis is based on technical indicators and short-term market sentiment, and actual trends are greatly influenced by policies, black swan events, etc., so strict stop-loss measures are necessary.