Ethereum is experiencing indecision in the markets due to a lack of clear price direction. There has been conflicting sentiment in the latest staking patterns, Ethereum is experiencing indecision in the markets due to a lack of clear price direction. There has been conflicting sentiment in the latest staking patterns,

Ethereum Technical Outlook Signals Potential Move Towards $3700 Resistance

Ethereum is experiencing indecision in the markets due to a lack of clear price direction. There has been conflicting sentiment in the latest staking patterns, as well as redemption, among investors. Investors advise holding off until a clearer chart is visible.

Current on-chain activity has registered some interesting transactions. According to the data from Lookonchain, Tom Lee’s Bitmine recently staked 74,880 ETH, worth $219.2 million, only an hour ago, to express its continued trust in Ethereum. Also, SharpLink Gaming redeemed 35,627 ETH, valued at $104.4 million, only four hours ago.

https://twitter.com/lookonchain/status/2004717058777641465

Ethereum Trend Remains Unclear Today

Crypto analyst CRYPTOWZRD pointed out that Ethereum’s daily technical analysis situation is not clear at current levels. “ETH finished today’s session with no clear sense of direction,” said the analyst. Indeed, we will have to await more defined market conditions to establish specific short-term trade setups. It’s only natural to remain grounded as we approach the weekend.

image.pngSource: X

Observing the charts, there is no clear trend in the ETH or ETHBTC candles for the day. For the week, the charts for the ETFs and CME also demonstrate a mixed trend.

At the time of writing, ETH is trading at $2,928, with a 24-hour trading volume of $24.19 billion and a market capitalization of $353.76 billion. Over the last 24 hours, ETH has dipped slightly by 0.94%, reflecting a cautious sentiment in the market.

image.pngSource: CoinMarketCap

The analyst further added, Whether Ethereum goes up or down will also be determined by whether or not Bitcoin goes in a certain direction. For now, ETH is trading close to $2,800. It will likely move towards $3,700 if it goes up.

Also Read | Ethereum Wyckoff Accumulation Suggests Big Rally Could Be Next

Ethereum Intraday Signals Potential Moves

Intraday analysis reveals that ETH is trading in a tight range. The cryptocurrency can see further downtrends if it goes below $2,880, whereas breaking past $3,060 may bring opportunities to move forward. Investors should wait until a proper pattern emerges to make further decisions.

Overall, Ethereum’s performance on the markets is quite cautious, with investors closely watching both short-term trends as well as overall trends for Bitcoin. The coming few days will prove crucial for ETH to regain strength or start consolidating around its support levels.

Also Read | Ethereum Set for Breakthrough 2026 Upgrades: 10,000 TPS and Massive Gas Boost

Market Opportunity
Movement Logo
Movement Price(MOVE)
$0.03574
$0.03574$0.03574
-0.02%
USD
Movement (MOVE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Memecoins drift lower as traders defend resistance zones

Memecoins drift lower as traders defend resistance zones

The post Memecoins drift lower as traders defend resistance zones appeared on BitcoinEthereumNews.com. Dogecoin edged down to $0.123 while Shiba Inu slipped to $
Share
BitcoinEthereumNews2025/12/27 23:44
ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

By using this collaboration, ArtGis utilizes MetaXR’s infrastructure to widen access to its assets and enable its customers to interact with the metaverse.
Share
Blockchainreporter2025/09/18 00:07
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42