Even if Ethereum (ETH) is under a lot of selling pressure around $1,650, it is still showing resiliency. Following a brief surge above $1,650, ETH was unable to maintain its upward trajectory and fell below $1,600. The ETH price forecast is still cautiously positive, nevertheless, due to underlying bullish technical patterns. Now consolidating above crucial support levels, the second-largest cryptocurrency by market capitalization suggests that, should resistance be overcome, it might rise for a further move.
Bulls Hold the Line Above $1,550: A Consolidation or Pre-Rally Pause?
Following a failed breakout above $1,650, Ethereum is currently consolidating after dipping to a local low of $1,564. The ETH price forecast now hinges on the asset’s ability to maintain support above the $1,550 level. This zone has served as a key cushion in recent sessions and remains the focal point for short-term bullish sentiment. The Ethereum price resistance level at $1,620 stands as the immediate challenge before the market can consider another push toward $1,650 or beyond.
Technical indicators paint a mixed picture. While the RSI hovers below the neutral 50 zone, signaling reduced buying pressure, the hourly MACD still lingers in bearish territory. Yet, ETH has not broken the bullish structure it established in earlier weeks. A retest and hold above $1,550 could act as a launchpad for renewed bullish activity.
ETH Price Forecast Eyes $1,650 and Beyond – But Resistance Looms
Ethereum’s latest pullback from $1,655 comes as part of a typical short-term correction. The 50% Fibonacci retracement of the recent decline ($1,655 to $1,564) lands near $1,610, a critical mid-range resistance. The ETH price forecast remains valid if this zone is reclaimed. Surpassing $1,620 could reinstate bullish momentum, placing the next targets at $1,650 and eventually $1,720.
Volume has remained relatively stable, showing neither panic selling nor euphoric buying, signs of a market in wait-and-see mode. Still, Ethereum maintains strong fundamentals, including the upcoming Dencun upgrade on its roadmap and renewed investor interest following Bitcoin’s halving. For now, the primary focus remains on reclaiming $1,620.
If buyers regain control and push through, the ETH price forecast suggests a retest of $1,720 is within reach, with the potential to touch $1,800 should macro conditions remain favorable. Conversely, if bears breach $1,550, ETH could slide further to $1,500 or even $1,450, putting pressure on medium-term bulls.
Will Ethereum Go Up in 2025? Key Price Levels to Watch Now
On longer timescales, Ethereum maintains a bullish structure despite recent dips. With increasing institutional interest in ETH-based applications, the ETH price forecast in 2025 is still mainly optimistic. $1,550 on the downside and $1,620–1,650 on the upside are important levels to keep an eye on. If the Ethereum price resistance level is cleared, market participants may finally have an answer to “Will Ethereum go up in 2025?”
What’s Next: Short-Term Struggles, Long-Term Promise
Ethereum may face short-term selling pressure, but the bigger picture remains intact. As long as ETH holds above $1,550 and reclaims the $1,620 resistance, the ETH price forecast continues to favor bulls. A decisive move above the $1,650 mark could reinvigorate confidence, supporting the argument that the Ethereum price resistance level is not insurmountable. While the answer to “Will Ethereum go up in 2025?” depends on both technical and macroeconomic forces, current momentum suggests ETH is far from losing its long-term shine.
Source: Coinfomania / Digpu NewsTex