Ethereum ($ETH) Technical Analysis โ May 15, 2025 Ethereum has recently shown signs of bullish momentum after a prolonged downtrend, as reflected in the recent breakout above the $2,100 resistance zone. The price action has shifted from a steep downtrend to a possible trend reversal, indicating renewed buying interest.
๐ Key Observations: Falling Wedge Breakout (Bullish Reversal Pattern) ETH broke out of a falling wedge pattern earlier this year โ a classic bullish reversal signal. This pattern typically suggests that downward momentum is weakening and a potential upside breakout is likely, which played out as expected.
Bearish Continuation Channels (Green Boxes) Prior to the breakout, ETH traded within a couple of bearish continuation channels, confirming short-term consolidation before resuming the downtrend. These were invalidated after the strong upside breakout past the wedge.
Breakout and Retest Zone โ $2,100 The $2,100 level has acted as a significant resistance, now potentially flipped into support. Price action suggests a possible retest of this level, which may serve as a springboard for further upside.
Immediate Resistance โ $2,715 ETH recently hit resistance at around $2,714, which aligns with prior horizontal price congestion. If bulls manage to reclaim and hold this level, the path to higher targets (e.g., $3,000+) opens up.
Bullish Scenarios (White Arrows) The chart illustrates a potential scenario where ETH could:
Retest the $2,100โ$2,250 support zone,
Then continue higher toward $2,700 and beyond.
๐ Support Levels to Watch: $2,100 โ Previous resistance, now acting as support
$1,751 / $1,672 โ Next key support zones in case of a deeper correction
$1,496 / $1,366 โ Historical price clusters during previous consolidation
๐ Market Sentiment & Strategy With strong bullish patterns forming and a major resistance level broken, ETH could be entering a new mid-term uptrend โ but a healthy pullback is possible. Traders should:
Watch for a successful retest of the $2,100 area for long entries.
๐ #TOTAL3 Market Analysis โ May 15, 2025 The altcoin market (excluding Bitcoin and Ethereum), tracked by #TOTAL3, is exhibiting a notable recovery as it breaks out of a long-term downtrend. This signals growing investor confidence in altcoins, especially amid renewed interest in risk-on assets.
๐ธ Technical Highlights: Descending Trendline Breakout The market recently broke out of a long-standing descending resistance trendline โ a strong bullish signal. This breakout suggests that downward pressure has been exhausted and buyers are stepping in.
Fibonacci Retracement Levels (Key Zones) From the recent swing low ($660B) to the peak ($1.16T), several Fib levels are acting as key markers:
0.382 โ $851.96B: Price is currently consolidating just above this zone.
0.5 โ $911B: Recently tested and acting as immediate resistance.
0.618 โ $970B: Major resistance level to watch; often a decisive area in reversals.
0.786 โ $1.05T: Marks the final hurdle before retesting the all-time high zone.
Market Cap Structure After bottoming out around the $660Bโ$682B region, #TOTAL3 has surged nearly 40%, showing increasing participation in altcoins. The market is now attempting to reclaim the 0.5 Fib level and turn it into support.
โ๏ธ Market Outlook Bullish Case: A sustained move above $911B (0.5 Fib) could accelerate a push toward the $970B resistance. A break above this would confirm a stronger altcoin season.
Bearish Case: Failure to hold above $851B may lead to a retest of the $780B or even $700B support zones.
๐ง Summary The break above the long-term descending trendline, combined with a healthy climb through key Fibonacci levels, paints a bullish picture for altcoins. However, resistance between $911B and $970B remains critical. Traders and investors should watch for either a continuation above $970B or a consolidation above $850B for confirmation of strength.
Months of consolidation inside a falling wedge. No hype. No noise. Just structure forming.
Now, price is hugging the upper trendline โ and when wedges get this tight, a move usually follows. Breakout above = momentum shift. Smart entries are made before the crowd wakes up.
The chart is speaking โ and $LINK might be the next to move.
Ethereum has been consolidating in a downward pattern, testing key levels and showing signs of a potential bullish breakout. Hereโs the breakdown:
โข Resistance Zone: Ethereum faces strong resistance around $2,750. A break above this level could push ETH toward $2,900 and potentially even higher targets.
โข Support Levels: The key support levels are around: โข $1,850 (a solid area for potential bounce) โข $1,672 (strong demand zone)
Scenarios to Watch:
โข Bullish Breakout: If Ethereum manages to break above $2,100, it could target $2,750 and potentially $2,900. โข Bearish Pullback: In case of rejection, expect ETH to test the lower support around $1,850 and potentially retest $1,672.
Ethereumโs future move heavily depends on how it handles these support and resistance levels. Watch for a breakout or breakdown in the near future!
Bitcoin is currently trading around $95,000 and showing strong bullish momentum. Here's what the chart tells us:
โข Resistance Ahead: The key resistance level is around $96,480. If BTC breaks this, the next major target is $110,000. โข Support Zones: In case of a pullback, strong support lies near: โข $88,000 (Fib 0.382 level) โข $81,285 (Fib 0.5 level) Scenarios to Watch: โข Break and Retest: BTC may break above $96.5K, retest it as support, and then push toward $110K. โข Deeper Pullback: If rejected, a drop toward $88Kโ$81K could be a healthy correction before moving up again. Overall, BTC is in a bullish structure but needs to stay above key supports for the rally to continue.