Published: Dec 02, 2025 at 20:28
Ethereum’s price has continued to decline after being rejected at the 21-day SMA barrier.
Ethereum price long-term analysis: bearish
The largest altcoin has fallen to a low of $2,600 since November 21. Ether’s price had been rising as buyers attempted to push it above the 21-day SMA barrier. However, bullish momentum was recently repelled as sellers aimed to breach the current support at $2,600. Today, Ether has fallen but is hovering above $2,700.
On the downside, if bears break below the $2,600 support, Ethereum will likely decline further to the projected price level at the 2.0 Fibonacci extension, or a low of $2,247. If the current support holds, Ether will be forced to trade within a range above the $2,600 low.
On the upside, if buyers break through the 21-day SMA barrier, Ether will rise to a high of $3,458, or the 50-day SMA barrier.
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Technical Indicators:
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Resistance Levels – $4,500 and $5,000 -
Support Levels – $3.000 and $2,500
ETH price indicator analysis
The moving average lines are sloping downwards, and the 21-day SMA is close to the price bars. When the 21-day SMA barrier repels the cryptocurrency price, Ether will decline. A break above the 21-day SMA will signal the return of the uptrend.
What is the next direction for ETH?
Ethereum is in a sideways trend after reaching the current support level of $2,600. Ether has been trading above the $2,600 support and below the $3,100 high. The price has decreased, although it remains above the $2,700 low. According to the price indicator, Ether will fall if the $2,600 support level is broken.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.