Ethereum USD Bounce Back In Progress: What Are Traders Keeping An Eye On?
Significant unrest in the East has led to a considerable drop in ETH USD and the broader cryptocurrency trading market this past weekend. Nevertheless, a recovery effort is underway, although specific levels must be surpassed before the bulls can celebrate. Ultimately, our primary desire is global harmony. Join us as we delve into the charts below.
$ETH Major rebound following the liquidation of market fluidity accumulated over the previous weeks.
The response has been quite positive so far. From this point, holding onto $2.3K as price floor is crucial. If this can be achieved, we may consider this a deviation and a reestablishment of the range, which should… https://t.co/O6UiXDcQWg pic.twitter.com/H2HMVl9nR0
— Daan Crypto Trades (@DaanCrypto) June 24, 2025
Daan’s assessment aligns closely with mine. I often focus on posts that present differing insights, yet his argument lacks substantial technical details. We will explore the reasons behind this as we examine the charts below.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
ETH USD Price Fluctuations: Technical Insights on Recent Movements
(ETHUSD)
Check out last week’s article here. I intentionally left all the visuals on the charts unchanged for this analysis. This provides a valuable exercise for honing technical analysis skills. The pair has efficiently filled both FVG zones and commences the week with notable strength. Will the bulls maintain this momentum?
DISCOVER: 20+ Next Crypto to Explode in 2025
How Is Ethereum USD Progressing on The Daily Chart?
(ETHUSD)
Examining the Daily timeframe, Ethereum USD price movements appear to be promising. The RSI is currently below and requires reclaiming the uptrend upper threshold. The MA100 has been retested effectively, with yesterday’s close forming a bullish engulfing candle.
Currently, it is approaching MA50 and MA200 and must still break above MA200 before we observe larger movements in altcoins. Overall, the trend remains bullish, given that this dip has created a lower high.
DISCOVER: Best New Cryptocurrencies to Invest in 2025
(ETHUSD)
The 4H chart offers another intriguing viewpoint. The RSI dropped to oversold before rapidly rebounding into the upper half. We remain below all moving averages and certainly aim to surpass them.
The response from the FVG gap resembles a V-shaped recovery, indicating strong optimistic momentum. However, we’re not completely out of the woods; now is not the time to jump into a position. I prefer to long-term holding off and observe the market’s next moves.
Join The 99Bitcoins Announcement Discord Here For The Latest Crypto market News
Ethereum USD Recovery In Progress: What Should Traders Look Out For?
- Trading market structure on the 1D chart is still uptrend
- RSI on the 4H transitioned from oversold to bullish territory swiftly
- FVG zones have been filled
- There is still a need to breach and close above MA200 on the 1D for alt season to commence.
The post Ethereum USD Recovery On The Way: What Are Traders Watching For? appeared first on 99Bitcoins.
