As crypto analysts have noted, Ethereum’s price is on the verge of a strong upside after breaking a significant resistance level. The latest price movements reveal another major rally could soon be underway. Notably, the price of Ethereum has been treading above the $2,727 support level as the bulls target the $3,000 psychological level. A retest of this zone could validate it as new support before the next leg up.
Amid this growing optimism, ChowWow ($CHOW) is giving existing meme coins stiff competition. Powered by the Solana Blockchain, ChowWow is a new meme coin with play-to-earn and stake-to-earn capabilities. The new project paves the way for a myriad of opportunities, including competitions, staking, and token airdrops.
Ethereum Price Confirms Bullish Reversal
After facing increased volatility due to broader market trends, Ethereum’s price has broken a critical resistance level around the $2,727-$2,730 range. The large-cap altcoin might retest this zone, confirming it as the new support before its next leg up. Notably, Ethereum’s price has been consolidating near recent highs and has formed a potential bullish continuation pattern. If the altcoin’s retest holds, the price of ETH could surge towards $2,769 and beyond.
The price has rebounded off a crucial support level at $2,503, which aligns with previous demand zones. Its relative strength index (RSI) reading on the daily time frame has been hovering around the neutral zone, neither overbought nor oversold, indicating room for movement in either direction. The next significant test of the ETH coin could be reclaiming the $3,349 level, which might signal bullish momentum returning.
Daily Ethereum price chart | Source: TradingView
A confirmed close above $3,349 could trigger a rally toward higher values. However, if the price of Ethereum fails to hold above the $2,700 level, it could set the stage for a deeper correction, pulling back the price towards the $2,503 and $2,125 support levels. Ethereum’s RSI on the 1-hour chart suggests mild bullish divergence, hinting at a potential upside, but confirmation is needed through increased volume and sustained price movement above $2,881.
ChowWow (CHOW) Secure Transactions And Surging Presale Attracts Investors
ChowWow (CHOW) is looking to mirror Solana’s growth potential while capitalizing on the SOL blockchain’s unique offerings, including speed and security. This has already seen the ChowWow presale showcase outstanding growth as investors take advantage of the $CHOW price currently at stage one, with a price tag of just $0.008.
ChowWow has put in place a security framework that’s compliant with global data privacy regulations. The team orders regular checks to spot loopholes and fix them. Staking is another reason many investors have been attracted to the project. ChowWow encourages staking, with the $CHOW holders enjoying between 8% and 15% APY, with monthly distributions.
With such unique features, ChowWow could be on the right path to becoming one of the standout altcoins in 2025. Moreover, the $CHOW token has been designed to decrease supply over time through different mechanisms, including buybacks and burns.
Ethereum Vs ChowWow: Best Token To Watch 2025
Given the mild bullish divergence pattern formed on the RSI 1-hour chart, Ethereum appears positioned for a short-term rally contingent on holding critical support levels. If the thesis unfolds as expected, traders should watch for a breakout above $3,031, confirming the upward trajectory. Meanwhile, the $CHOW token has gained an edge over popular coins by processing transactions faster and at a more affordable price, all thanks to its Proof of History and Proof of Stake mechanism. Considering its features, ChowWow has emerged as the best token to watch in this cycle.
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Source: https://cryptodaily.co.uk/2025/02/ethereum-eyes-3000-resistance-level-why-investors-are-accumulating-this-presale-gem