Ethereum’s Price Action in 2024 vs. 2025 Based on Important Technical Indicators
Crypto analyst Tony Severino has drawn similarities between Ethereum’s price action in 2024 and this year. Specifically, the analyst highlighted important technical indicators and what they are saying about ETH’s future trajectory.
In an X post, Tony Severino provided a Japanese candlestick, TD Sequential, and Parabolic SAR analysis of the 2024 and 2025 Ethereum price action. He noted that ETH’s 2024 candle made a lower high both on a candle close and wick high basis. On the other hand, he revealed that 2025’s candlestick is currently a bearish engulfing with the candle body fully engulfing 2024’s candlestick and is entering 2023’s candle body.
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Meanwhile, Severino stated that the yearly support is drawn at $735, while the Parabolic SAR is at $370. He also remarked that the TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first-ever yearly downtrend. The analyst assured that it is still very early to worry about a yearly candlestick that has ten more months to close.
Ethereum’s Price Action in 2024 and 2025
Ethereum’s price action in 2024 and 2025 has been scrutinized by crypto analysts. In his analysis, Tony Severino highlighted the importance of technical indicators in predicting the future trajectory of the Ethereum price.
ETH’s Bottom Might Be In
In an X post, crypto analyst Titan of Crypto asserted that Ethereum’s bottom is in. He revealed that the 2024 low has been swept on ETH’s perpetual daily chart, tapping into what the analyst believes is the most significant point of interest for a potential reversal. The analyst’s accompanying chart suggested that the Ethereum price could still come close to or even reach its current all-time high (ATH).
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In the short term, the Ethereum price is still expected to rebound. The analyst revealed that two ETH CME futures gaps remain unfilled above $2,500. The first is between $2,540 and $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps traditionally tend to get filled, indicating that the crypto could soon rebound to these price levels.
Conclusion
In conclusion, the analysis of Ethereum’s price action in 2024 and 2025 provides insight into the technical indicators that are influencing the market. As the price continues to fluctuate, it is essential to stay informed about the latest developments and trends in the crypto market.
FAQs
Q: What are the key takeaways from Tony Severino’s analysis of Ethereum’s price action in 2024 and 2025?
A: The key takeaways are that ETH’s 2024 candle made a lower high, while 2025’s candlestick is a bearish engulfing, potentially indicating a downtrend.
Q: What is the significance of the TD Sequential count in this analysis?
A: The TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first-ever yearly downtrend.
Q: What is the current price of Ethereum?
A: At the time of writing, the Ethereum price is trading at around $2,176, up over 3% in the last 24 hours, according to data from CoinMarketCap.
