Ethereum in full retracement: An opportunity not to be missed? Technical analysis of January 23, 2025

Ethereum remains in a waiting phase, between consolidation and recovery potential. Find our complete analysis and the current technical perspectives of the ETH.

Logotipo da Eth Em Um Fundo Azul or Vermelho, com um urso e um Touro azul com olhos Expressivos Em Ambos os lados. UM GRáfico APARECE EM Segundo Plano.

In short

  • Technical analysis: Ethereum evolves around $ 1,800, in consolidation under the resistance at $ 1,850. The weekly rebound of +13 % and the increase in volumes ( +76 %) reflect a renewed interest. The long -term trend remains upward, the short -term dynamic has turned positively, but the average term remains down under $ 2,104. The momentum is recovered.
  • Analysis of derivatives: The derivative market remains balanced: stable open interest, buying flows and similar sellers (neutral CVD), and slightly positive funding. The liquidations are low, mainly on long, translating a globally cautious position.
  • Forecasts: Maintenance above $ 1,471 would gradually target $ 1,875, $ 2,105 then $ 2,560. Conversely, a break under $ 1,723 would open a downward scenario to $ 1,370 or even $ 1,070. The liquidation zones around $ 1,870 and $ 1,700 will be decisive.
  • Conclusion: recent technical signals are encouraging, carried by a renewed interest and an improvement dynamic. However, in the absence of clear validation on key levels, the market remains in a waiting phase.

ETH/USD technical analysis

Indicator State Comment
Spot price $ 1,800 Consolidation under $ 1,850; Technical threshold to be monitored for upward continuation.
Latest weekly variations + 13 % Engaging technical rebound. Strong Hebdo progression since early November 2024.
Last weekly volumes 14.6 MRD (+76%) Important rebound in activity, consistent with the resumption of momentum.
Long -term trend (SMA 200) Upward Unchanged trend, supporting a positive long term bias.
Medium -term trend (SMA 50) Downward Always downward despite a correction in progress. Crossing the $ 2,104 required to validate a reversal.
Short -term trend (SMA 20) Upward Resumption of Bulls after a short consolidation.
Momentum Bounce Rebound of upward dynamics, accompanied by the oscillators
Resistances $ 2,105 / $ 2,556 Critical areas, potential distribution thresholds.
Support $ 1,470 / $ 1,380 Major defense levels, probable accumulation zones.
Value area $ 1,650 / $ 3,325 Liquidity and probable market balance on the market.
Market feeling (Fear & Greed Index) Greed Euphoric feeling which confirms the return of the appetite for the risk.
ETH ETH Spot flow (net flows) Moderate influx Net entries suggest sustained, but non -excessive institutional interest.

The ETH course is changing at $ 1,800, in consolidation under the key resistance of $ 1,850, level to be crossed to validate a bullish prosecution. The weekly performance of +13 %, accompanied by a leap in volumes ( +76 %), confirms a solid technical rebound. The long-term trend remains upward (SMA 200), while the medium-term trend (SMA 50) remains down, with an expected reversal above $ 2,104. In the short term, buyers regain hands (SMA 20).

The momentum is in recovery, supported by the oscillators. The major resistance areas are $ 2,105 and $ 2,556, while the critical media are $ 1,470 and $ 1,380. The market feeling is turned towards greed, signaling a return of the appetite for the risk. Finally, the moderate influx on the ETH Spot ETH confirm measured, but present institutional support.

Ethusd graphic in day laborersEthusd graphic in day laborers
Ethusd graphic in day laborers

Current technical analysis was carried out in collaboration with Elyfeinvestor and popularizer in the cryptocurrency market.

Analysis on derivatives (ETH/USDT)

Indicator State Comment
Open Interest Stable Stable speculative activity without visible conviction.
CVD Balanced flow Buying and balanced sellers flow.
Liquidation Weak, long side Low dominance of long liquidations, for the benefit of shorts
Funding Rate neutral Bullish positioning, but not extreme, not overheating.

On the side of the derivative markets, the Open Interest remains stable, which reflects an absence of marked conviction on the part of speculators. The CVD (Cumulative Delta volume) displays balanced flows between buyers and sellers, which confirms the absence of a dominant direction. Liquidations are low on the side of long positions, which indicates moderate pressure in favor of sellers. Finally, the funding rate (Funding Rate) is neutral, revealing a slightly bullish positioning without excess, and therefore without immediate risk of sudden reversal.

Ethereum Open Interest / Liquidations / CVD & Funding RateEthereum Open Interest / Liquidations / CVD & Funding Rate
Ethereum Open Interest / Liquidations / CVD & Funding Rate
Indicator State Comment
Selling liquidation zone ≈ $ 1870 / $ 2,120 & $ 2,875 Sensitive areas in case of breakout, risk of upward amplification.
Buyer liquidation area ≈ $ 1,730 / $ 1,700 – $ 1,600 & $ 1,500. Decrease critical thresholds, potential flush areas.

The selling liquidation zones located at $ 1,870, $ 2,120 and $ 2,875 can generate bullish acceleration in the event of crossing, but also constitute areas conducive to distribution if the market shows signs of breath. On the buyer side, the thresholds of $ 1,730, $ 1,700, $ 1,600 and $ 1,500 are exposed to a risk of flush in the event of a break, but also offer opportunities for absorption or institutional accumulation with a view to repositioning in the medium term.

HEATMAP ETH Liquidation HEATMAP ETH Liquidation
HEATMAP ETH Liquidation

Forecasts for the Ethereum (ETH) course

Haussier scenario:

  • Conditions: Maintaining above $ 1,471.
  • Objectives: $ 1,875 / $ 2,042 / $ 2,105 / $ 2,330 – $ 2,560.
  • Potential: approximately +42 % since the current level.

Lower scenario:

  • Conditions: breakdown of the support at $ 1,723.
  • Objectives: $ 1,471 / $ 1,370 / $ 1,150 / $ 1,070.
  • Potential: decrease of up -40 %.

Comment :

The bias remains for the moment neutral to lowering, pending a real reversal signal. The upcoming macroeconomic indicators (US GDP, PCE) may be decisive to validate this scenario or not.

Conclusion

Ethereum displays encouraging technical signals, supported by a more constructive revival of activity and a market feeling. However, in the absence of clear validation on key levels, caution remains in order. The market evolves in a balance phase, where reactions on sensitive areas will guide the confirmation or invalidation of the bias in place. In this context, it will be essential to closely monitor the reaction of prices at strategic levels in order to confirm or adjust current forecasts.

Finally, remember that these analyzes are based solely on technical criteria, and that the course of cryptocurrencies can evolve quickly according to other more fundamental factors.

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