Ethereum - ETH/USD 1W - February 25, 2025: ETH at a Crucial Level - HODL the Trendline or Get REKT? ETHDONUTNOTETH 1mon ago by r/ethtrader

ETHUSD 1W As you can see in the ETH/USD 1W chart above, ETH is currently trading at $2496.3 after having a decent dump and getting a lot of traders liquidated or REKT. ETH is currently at a crucial point right now fighting to HODL a long term ascending trendline (yellow dashed line) that I showed you a few weeks ago that has been supported since 2020. Possible scenarios, up or down xD Now, if ETH HODLs above the trendline we could see a nice bounce leading to a continuation of the uptrend and testing again $4000-$4500 which has been an important resistance too that if breaks it could see for further highs. However if ETH breaks below the trendline we could still have a chance around $2200 support but things would look ugly. It could mean a further downtrend and who knows how far it could reach. MACD is looking weak and crossing to bearish while Stochastic RSI is in a low zone meaning that a bounce could be coming but the momentum is not strong. Personally I think that market is just cleaning the environment to make it a easy pump later. Usually market manipulators get people REKT before pumping later. Also I believe this is a reaction to Trump saying that Canada and Mexico tariffs will go forward. Anyway, the good news is this the drama is not crypto related, its just macro. Will ETH hold and bounce, or is a bigger drop coming? Disclaimer: The concept and ideas in this post come from my own thoughts and everything I have seen online during my three years in crypto. Any resemblance is purely coincidental. This is NOT a financial advice. submitted by /u/kirtash93 [link] [comments]