Ethereum Price Prediction: More Drops or a Rebound?
Ethereum (ETH), t he second-largest cryptocurrency by market cap, has been facing a significant downtrend, with its price recently dropping to $1,888. After an extended period of bearish momentum, traders are left wondering— will ETH bounce back, or is there more downside ahead?
The latest price action shows ETH struggling to hold above key support levels, while indicators such as RSI and MACD hint at potential oversold conditions. In this analysis, we’ll examine whether Ethereum is preparing for a relief rally or if the bearish pressure will continue to push it lower.
A crucial factor in determining Ethereum’s next move is the Relative Strength Index (RSI). Currently, the RSI stands at 25.12, which is deep in the oversold territory. Typically, an RSI below 30 signals that an asset is oversold, potentially triggering a short-term bounce as buyers look for discounted prices.
However, an oversold RSI alone doesn’t confirm a reversal. The key level to watch is whether ETH can push above the 30-35 RSI range, which would indicate returning bullish momentum. If RSI remains suppressed, ETH could continue its downward slide before finding a firm bottom.
The Moving Average Convergence Divergence (MACD) indicator paints a highly bearish picture. The MACD histogram is currently -193.6, indicating strong negative momentum. Additionally, the MACD line is far below the signal line at -18.8, reinforcing the bearish outlook.
For a trend reversal, we need to see the MACD line start curving upward and crossing above the signal line. Without this, Ethereum is likely to continue facing selling pressure, possibly testing lower support zones before a meaningful recovery.
Ethereum is currently testing a crucial support level around $1,850-$1,880. This zone has previously acted as strong support, and if ETH holds above it, we could see a short-term rebound toward $2,000-$2,100.
If the support fails, ETH could drop further, with the next major support at $1,700-$1,750. A breakdown below this level would put Ethereum in dangerous territory, potentially leading to a sharper sell-off toward $1,500.
On the upside, ETH faces resistance at $2,000, a psychological level that must be reclaimed for a bullish shift. If ETH breaks above this resistance and sustains momentum, it could pave the way for a recovery toward $2,250-$2,400.
The technical indicators suggest that Ethereum is at a critical inflection point. The deep oversold RSI hints at a potential short-term bounce, but the strong negative MACD momentum suggests continued bearish pressure.
For Ethereum to stage a recovery, it must hold above the $1,850 support and push past $2,000 to confirm bullish momentum. If it fails to do so, the bearish trend could extend toward $1,700-$1,750, leading to further downside risk.
Ethereum is currently facing intense selling pressure, but oversold conditions might provide an opportunity for a relief bounce. Traders should watch for RSI recovery above 30 and MACD signals of trend reversal before confirming a bullish stance. Until then, Ethereum remains vulnerable to further declines, with $1,850 as the key support zone to watch.

BMT/USDT Surges Over 972% in a Single Day!
The cryptocurrency market witnessed an extraordinary price movement as BMT/USDT skyrocketed by 972.20% in just 24 hours, reaching $0.10722. This massive surge has caught the attention of traders and investors, making it one of the most talked-about assets today.
Key Highlights:
✅ 24h High: $0.19800
✅ 24h Low: $0.01000
✅ 24h Volume: 37.51M BMT
✅ 24h Turnover: $4.43M
This unexpected spike comes amid an announcement from BubbleMaps, revealing an upcoming BMT airdrop to V2 holders. The news seems to have sparked a buying frenzy, leading to extreme volatility and rapid price appreciation.
What’s Next?
Such an explosive move in price often attracts short-term traders looking to capitalize on momentum. However, investors should exercise caution, as extreme price swings can lead to equally sharp corrections. Monitoring market trends, liquidity, and upcoming project updates will be crucial for anyone considering entering the trade at this stage.
Should You Buy?
While FOMO (fear of missing out) may tempt traders to jump in, it’s essential to conduct proper research and assess risk tolerance. The massive price jump could either signal the start of a strong uptrend or a temporary pump followed by corrections.
What are your thoughts on BMT’s sudden surge? Are you buying, holding, or waiting for the dust to settle? Let’s discuss in the comments!
ONDO Price Set for Bullish Reversal : Could 3.5x Spike be Next ?
$ONDO price has taken a dip lately with the general crypto market, but this might actually be good news for investors. According to my analysis, we could be witnessing the perfect setup for a major price reversal that might send ONDO soaring by up to 3.5 times its current value.
I have been keeping a close eye on ONDO chart movements. They’ve noticed something important: ONDO has dropped down to a critical trendline, just as they expected it would. But here’s the exciting part: there’s been a strong reaction at this level, showing clear signs that buyers are stepping in.
I expect ONDO to hold this level as support and reverse to the upside targeting the 1.618 fib at $3 . This technical target represents a substantial gain from where ONDO currently sits.
ONDO Price History Could Repeat
I can identify interesting pattern. Every time ONDO has touched this specific trendline in the past, something remarkable has happened – the price has surged by around 300%, consistently reaching the 1.618 Fibonacci extension level.
If this pattern holds true once again, investors who position themselves correctly could be in for substantial returns in the coming weeks or months.
For those interested in this potential move, I offer two straightforward approaches:
You could start gradually building a position through dollar-cost averaging (DCA) while prices remain at these levels. This strategy helps spread out your entry points and potentially lower your average cost.
If you prefer a more cautious approach, you might wait for a confirmed breakout before jumping in. This gives you additional confirmation that the reversal is actually happening, though potentially at the cost of missing the earliest part of the move.
Smart investing isn’t just about entries – it’s about knowing when to walk away. It provides a clear invalidation point at $0.59. If ONDO’s price drops below this level, it might signal that the bullish thesis isn’t playing out as expected.
That said, they emphasize that ONDO remains in an uptrend when viewed on higher timeframes, suggesting the overall direction still points upward despite short-term fluctuations.
I genuinely believes the token is “seriously undervalued at these levels” and presents “a great risk to reward investment” opportunity.
*Sui (SUI) Retests Key Support Zone, Setting Stage for Potential Breakout*
The cryptocurrency market is known for its volatility, and Sui (SUI) is no exception. After experiencing a significant surge in recent weeks, SUI has retested a key support zone, setting the stage for a potential breakout. In this article, we'll explore the technical analysis behind SUI's price movements and what it could mean for the future of this cryptocurrency.
*Understanding the Key Support Zone*
To understand the significance of the key support zone, let's take a closer look at SUI's price chart. The support zone, which ranges from $0.50 to $0.60, has been a crucial level for SUI's price movements. This zone has acted as a strong support level in the past, and a retest of this level could be a sign of a potential breakout.
*Technical Analysis: A Bullish Outlook*
From a technical analysis perspective, SUI's price chart is showing a bullish outlook. Here are some key indicators:
1. *Relative Strength Index (RSI)*: The RSI is currently at 50, indicating that SUI is neither overbought nor oversold. This neutral reading suggests that SUI's price is poised for a breakout.
2. *Moving Averages*: The 50-day moving average is currently above the 200-day moving average, indicating a bullish crossover. This crossover suggests that SUI's price is trending upward.
3. *Bollinger Bands*: The Bollinger Bands are currently widening, indicating increased volatility. This increased volatility could lead to a breakout in either direction.
*Fundamental Analysis: A Strong Ecosystem*
From a fundamental analysis perspective, SUI's ecosystem is showing strong signs of growth. Here are some key factors:
1. *Growing Adoption*: SUI's adoption is growing rapidly, with new partnerships and use cases emerging regularly.
2. *Strong Development Team*: SUI's development team is highly experienced and dedicated, with a clear vision for the future of the project.
3. *Increasing Liquidity*: SUI's liquidity is increasing, making it easier for investors to buy and sell the cryptocurrency.
*What's Next for SUI?*
So, what's next for SUI? Here are some possible scenarios:
1. *Breakout Above Resistance*: SUI's price may break out above the key resistance level of $0.70, leading to a significant surge in price.
2. *Consolidation*: SUI's price may consolidate, trading sideways as investors and traders await further developments.
3. *Breakdown Below Support*: SUI's price may break down below the key support level of $0.50, leading to a significant decline in price.
*Conclusion*
Sui (SUI) has retested a key support zone, setting the stage for a potential breakout. With a bullish technical analysis outlook and a strong fundamental analysis, SUI's price is poised for a significant move. Whether SUI's price breaks out above resistance or consolidates, one thing is clear: SUI is a cryptocurrency to watch in the coming weeks and months.
*FAQs*
Q: What is the key support zone for SUI's price?
A: The key support zone for SUI's price ranges from $0.50 to $0.60.
Q: What does the technical analysis outlook suggest for SUI's price?
A: The technical analysis outlook suggests a bullish scenario for SUI's price, with a potential breakout above the key resistance level of $0.70.
Q: What are the key fundamental factors driving SUI's ecosystem?
A: The key fundamental factors driving SUI's ecosystem include growing adoption, a strong development team, and increasing liquidity.