Ethereum Displays a Stable Price Action—Is it a Good Time to Buy or Sell ETH?
From a broader perspective, Ethereum price is retreating from the bullish range; however, current price action suggests that the coin may be gearing up to move higher within this range. Despite price consolidation near 2024, trading started bullishly in 2025 with the price surging above $3,500 after a long period of time. Indicators have turned bullish, suggesting bullish momentum will continue well into the future. At the same time, currently Ethereum price The trend suggests that no major price action is likely to be expected in the coming days.
Has ETH Price Rise Stopped? Is the new ATH out yet?
ETH price broke the downward trend by hovering around $3,600 after rising from the consolidated range of $3,350. The technical picture is neither bullish nor bearish, suggesting market stability. Volume data appears to be negative, suggesting a lack of buying interest. In this case, the question arises, is now a good time to buy or sell Ethereum.
The current price action suggests that ETH price is trading under bullish influence as it is within an ascending parallel channel. As the RSI remains incremental, the possibility of maintaining a sustained upward trend remains high. Meanwhile, the +Di and -Di levels have raised some concerns as they have converged, aiming to form a bearish crossover, while bulls have managed to keep the trade above support. Therefore, the two horizontal planes are parallel to each other with small deviations.
Secondly, as seen with most cryptocurrencies, trading volume has depleted and reached rock bottom levels, indicating a massive squeeze. The key support and resistance levels are near $3,678 and $3,608 respectively. With the technicals not showing any major bias, the risk assessment shows mixed signals, leading to a Hold recommendation. Additionally, trader interest has also declined as volume remains capped, while other technical indicators are currently indecisive.
In short, the ETH market is stable right now, but it is certainly not a time to buy or sell, but a time to hold.
