• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
ethereum

Crypto Analyst Identifies ‘Most Important’ Ethereum Support Level – Where Is ETH Headed?

Ash Tiwari
by Ash Tiwari
7 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After experiencing a flash crash to $2,125 on February 2, Ethereum (ETH) swiftly rebounded to a high of $2,905, triggering liquidations for both long and short positions amid a highly volatile trading period. While the token currently hovers around $2,700, crypto analyst Ali Martinez has identified a critical support level that must hold for Ethereum to sustain its bullish momentum.

Ethereum Must Hold This Support Level For Bullish Momentum

In a post on X today, seasoned crypto analyst Ali Martinez pinpointed the $2,238 to $2,614 price range as Ethereum’s ‘most important’ support zone. According to Martinez, approximately 12.18 million crypto wallets acquired 63.07 million ETH within this range. The analyst further emphasized:

It doesn’t matter whether Ethereum is inflationary, deflationary, or whatever. What truly matters is whether it holds this support level.

ethereum
Source: ali_charts on X

To understand why this price level is important, it shows that a significant number of investors and traders bought ETH within this range. When a large number of wallets hold assets at similar price levels, this creates a zone of support because these holders are less likely to sell at a loss, thereby providing a floor for the price.

Related Reading: Ethereum 2.4-Year Average Holding Time Signals Confidence From Long-Term Holders – Details

Support levels also carry psychological weight in trading. Investors who bought ETH within this range tend to perceive it as a fair valuation, increasing the likelihood that they will defend this level by either holding or accumulating more ETH. This collective sentiment can provide stability and potentially prevent deeper price drops.

Fellow crypto analyst Ted echoed similar sentiments regarding Ethereum’s price trajectory, affirming that the long-term outlook remains positive. Ted remarked:

ETH still holding the uptrend trendline and recently bounced back from a crucial support level. Along with that, BlackRock is buying $250M+ worth of ETH, which will soon reflect in its price action. $10K+ ETH is programmed this cycle.

eth
Source: Ted on X

Additionally, Martinez highlighted the emergence of a potentially bullish inverse head-and-shoulders pattern on Ethereum’s daily chart. For this pattern to validate a bullish breakout, ETH must maintain support above $2,700. If successful, the next upside target could extend as high as $7,000.

eth
Source: ali_charts on X

Could Ethereum Price Be Heading Downwards?

Despite these bullish indicators, concerns persist over Ethereum’s price action, as the digital asset has significantly underperformed compared to cryptocurrencies like Bitcoin (BTC), SUI, and XRP over the past year. A recent report indicates that large ETH holders may be gradually losing confidence in the asset.

Related Reading: Ethereum Crosses $3,400 As Trump’s World Financial Liberty Buys More ETH

Moreover, recent analysis suggests that Ethereum may be at risk of an extended downturn in the coming days. At press time, ETH is trading at $2,774, down 0.9% over the past 24 hours.

ethereum
ETH trades at $2,774 on the daily chart | Source: ETHUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ash Tiwari

Ash Tiwari

Follow

Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

Full Profile

Related Posts

Ethereum

Pundit Says ‘Ethereum Is Dying’ As Fundamentals Collapse By Over 40% — Details

10 hours ago
Ethereum news how rich is Vitalik Buterin

How Rich Is Ethereum Co-Founder Vitalik Buterin Really? Arkham’s 2025 Report

22 hours ago
Ethereum ETFs

US Ethereum ETFs Surpass Weekly Record With $787M Outflow — Details

1 day ago
Ethereum

Ethereum Holdings On Centralized Exchanges Plummet —  Supply Shock Imminent?

1 day ago
Ethereum

Ethereum Staking In Focus: SharpLink Considers Linea For Treasury Yield – Details

2 days ago
3 Fresh Wallets Buy $148.8M Ethereum – Silent Stacking

3 Fresh Wallets Buy $148.8M Ethereum – Signs Of Silent Stacking

3 days ago

Premium Sponsors

Press Releases

  • miner

    COME Mining cloud mining is becoming a new way to play with...

    9 hours ago
  • How ALL4 Mining Cloud Mining Unleashes XRP’s...

    9 hours ago
  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    11 hours ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    13 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    14 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.