Ethereum’s Price Prediction Overview

Ethereum’s price prediction is currently trending negative, raising concerns about potential downside risks.

Negative Momentum Observations

The BTC/Ethereum MVRV Momentum Oscillator (180-day) chart indicates that Ethereum’s momentum has shifted into negative territory after an extended period of bullishness. Historical data suggests that past instances of negative momentum have preceded sharp corrections in ETH’s price, correlating with market anomalies.

Recent Trends

The current transition in Ethereum momentum reflects heavily on past instances, such as
May 2022 and September 2023, both of which were marked by significant sell-offs. The latest momentum shift hints at a possible downward trend unless reversed with substantial force.

> Ethereum $ETH price momentum has shifted from positive to negative!
> — Ali (@ali_charts) February 18, 2025

Ethereum’s Performance over 24 Hours

Despite the negative momentum, Ethereum has gained 0.50% in the last 24 hours, currently priced at $2,721.95 according to CoinMarketCap. Its market capitalization has reached $329.07B. However, a 23% drop in 24-hour trading volume signals declining buying interest and losing bullish momentum. A noticeable amount of volatility has been observed, with trading ranging between $2,682 and $2,736, and a volume-to-market cap ratio of 4.09%, suggesting that while trading is active, it may not result in major breakout or breakdown activity.

Technical Analysis and Market Outlook

On the 4-hour timeframe, Ethereum’s price action reveals a consolidation phase following a sharp decline. The charts depict a notable fall, transitioning into a horizontal range indicating market indecision; neither buyers nor sellers show clear dominance.

• Resistance: Approximately $2,850
• Support: Around $2,600

For now, Ethereum remains likely to trade sideways within this zone. Historically, from a previous downtrend, Ethereum plummeted; buyers positioned at $2,600 failed to break above, reflecting market hesitation. Should ETH successfully exceed the $2,850 resistance, it could rise toward $3,000 or higher. Conversely, a fall below $2,600 may lead to further declines toward $2,400 or even $2,200.

Money Flow Index (MFI) Insights

The Money Flow Index (MFI) remains at a neutral to slightly bullish outlook, with a value of 57.30. It has returned to the 20-80 oversold/overbought range, indicating no strong buying or selling pressure on the token. Despite a slight uptick in MFI from mild accumulation, a strong bullish breakout has yet to materialize. Ethereum’s extended consolidation places it at a critical juncture, necessitating decisive movement outside its established range to confirm the next significant trend. A bullish scenario includes pushing ETH/USD above $2,850, while inability to maintain $2,600 support might lead to retests of lower levels, targeting $2,400 to $2,200.