Ether (ETH) has shown signs of downtrend exhaustion after a significant decline. The cryptocurrency fell to a 16-month low of $1,755 on March 11 but failed to drop further last week. Since then, ETH prices have rebounded to $1,880, hinting at a potential double bottom formation. A breakout above the neckline resistance at $2,104 could confirm a bullish trend, potentially pushing prices to $2,400. Despite revisiting the March 11 low, the histogram measuring the spread between the price and its 50-day simple moving average (SMA) formed a higher low, indicating weakening downward momentum. Additionally, the three-line break chart has flipped bullish, marking a shift in market sentiment. However, looming tariffs announced by President Trump could impact these bullish signals and lead to further losses in ether.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
