Ethereum: Latest Technical Analysis & Insights

Ethereum continues to swing wildly between major support and resistance. The $3,150 level continues to be the key support and held again in the last week. While price flushed below that technical support intra-day, it quickly recovered to close on or just above. From there, it gained traction and rallied north of $3,500 before pulling back again.

The key support levels on Ethereum are $3,150, followed by $2,775 and $2,575.

The key resistance levels on Ethereum are $3,725, followed by $4,100.

Ethereum continues to see competitors growing. Tokens like Solana continue to gain traction in the crypto world. This puts Ethereum at higher risk vs Bitcoin, which has no major competitor to its reserve/digital gold status.