Technical Analysis Update: Ethereum Key Levels To Trade

Cryptocurrency Ethereum is attempting to rally back to its 2024 high at $4,100. Should it achieve this level, it would be known as a triple top. Triple tops have a tendency to see a small pullback, then a breakout above.

The bullish move that started on January 1st, 2025 is likely due to excitement over the inauguration of President Trump, a fan of the crypto industry. Investors in crypto are hoping for lots of new pro-crypto policies.

While exciting, it does set the industry up for potential disappointment should President Trump not come through immediately on his promises.

As Ethereum climbs, there will be a key resistance level at $3,725. This is a Fibonacci 61.80% retrace. Should price break through that resistance level, upside to $4,100 becomes likely.

Should Ethereum faulter and breakdown, key supports remain $3,000, $2,775 and  $2,575.

Overall, the future appears bright for crypto, the biggest concern would be the overall risk-asset market. Should the stock market begin to crumble, fear could be the biggest negative factor for crypto prices in 2025.