Ethereum Shows Early Signs of Recovery, But Key Resistance Levels Still Stand in the Way
Ethereum may be showing early signs of stabilization after dipping below $1,730, according to a recent technical breakdown by crypto research firm MakroVision.
While the asset tested key liquidity zones, analysts suggest that a short-term bounce could be in play—though a full trend reversal will require more convincing signals.
MakroVision highlighted that Ethereum’s Relative Strength Index (RSI) has reached extremely oversold levels, a situation not seen since August last year. The firm also pointed to bullish divergences in the MACD and MVP indicators as early hints that bearish momentum might be losing steam.
Still, the path to recovery isn’t straightforward. The analysis lays out key price levels that need to be reclaimed to shift the market outlook:
The $1,730 mark, previously acting as support, has now flipped into resistance. Regaining this level is crucial to reestablishing bullish momentum.
Further down, $1,545 may offer some short-term reaction potential, while the broader $1,350–$1,250 zone is described as a major liquidity pocket that could attract buyer interest.
Despite flickers of strength, Ethereum remains under significant technical pressure. The report stresses that unless ETH breaks through $2,132 and closes above it, the broader bearish trend remains intact. Until then, any upward movement is likely to be viewed as a temporary relief rally rather than the start of a sustained recovery.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
