- ETHUSD remains muted near 1,925
- Struggles to extend monthtodate stabilisation attempts
- Momentum indicators signal downside risks remain intact
Ether (ETHUSD) is drifting sideways at the lower end of a fresh multiweek range, holding below the key 2,000 threshold near 1,925, amid a broader crypto retreat despite gains in equities on improved risk sentiment.
Appetite has yet to return, ETF flows remain unstable, and momentum indicators continue to show that the recovery from the ninemonth low, and the subsequent weekly consolidation attempts, remains fragile. The RSI is flatlining just above oversold territory, while the stochastics are losing steam toward that same zone. The MACD, though still overextended below zero, is positioned above its red signal line, potentially reflecting modest rebound attempts within the 2,138-1,925 range.
Thus, should the rebound hold and the price manage to break above the 20day simple moving average (SMA) at 2,077, initial resistance could emerge at the 23.6% Fibonacci retracement of the January-February pullback at 2,138, which also marks the range ceiling. Above that, the 2,375 and 2,574 hurdles could come into play.
Conversely, a decisive breach below 1,925 could open the way for a retest of the ninemonth low and the February 6 trough at 1,741, followed by deeper declines toward the April 2025 tarifftriggered levels near 1,530.
All in all, Ether remains under pressure as stabilisation attempts risk further downside if the range floor gives way. That said, the largest altcoin is on track to snap a fourweek losing streak, up a modest 0.5% heading into the weekly close – suggesting the recovery could still hold the current range for now.