Technical Analysis – Ether on a weak rebound from sevenmonth lows
- attempts to halt the sharp weekend tradeoff
- Steadies near June lows around 2,100
- Momentum indicators slide deeper into negative territory
) is stabilizing near 2,250 later than touching levels last viewn in June 2025 in the previous session, following a broader tradeoff in tech stocks driven by renewed AIrelated concerns. The moves also extend the Warshled weekend rout and the volatile begin to the week across crypto markets.
The momentum indicators point to pronounced bearish pressure, with the MACD stretched well below both the zero line and its red signal line, while the RSI has eased into oversold territory. The negative bias and cautious tone are further reinforced by the bearish crossover between the 20 and 50day simple moving averages (SMAs).
If dippurchaviewrs emerge and the modest rebound holds, the first upside barrier stands at 2,400 – a previous strong support turned resistance, which has intermittently contained losses over the past four months. A break above that would open the way toward the November 21 swing low at 2,620, followed by the 23.6% Fibonacci retracement of the August-February decline at 2,779.
Conversely, a deeper correction with a decisive break below the 2,000 psychological level, last tested in August, would further sour sentiment and could accelerate declines toward the 1,530-1,730 region before exposing the tarifftriggered April 9 trough at 1,382.
All in all, is attempting to recover but only marginally, struggling to attract sustained bids and on track to end in the red for a third straight week. With the asset sitting at a critical juncture, traders will be watching whether the 2,000 threshold holds, as a breakdown there could trigger steeper losses for the largest altcoin – already more than 50% below its record peak.
