Market Direction

ETH aims for $1,960 target

Published: Mar 18, 2025

As ETH maintains its support and BTC navigates uncertainty, market participants are focused on key levels. Let’s explore what’s next for ETH, SOL, and other assets, and how traders can navigate these crucial phases.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

ETH:

ETH's Open Interest has continued its grind higher, likely due to participants taking advantage of the 'carry' trade.
ETH's Funding Rate is slightly positive, but it might be being compressed due to the 'carry' trade, so the fact it remains positive suggests there's likely more of a slight bias here amongst traders to be Long, at this moment in time.

ETH's open interest (by number of coins):

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Technical analysis:

Key note; the chart below is ETH on the 3D timeframe, so much more zoomed out. And we'll look at it from that perspective to get a better gauge as to how to play it, and to help us identify key levels.
ETH is essentially just above its major support at $1,745, with $1,530 the next key level.
We don't expect $1,530 will be lost/broken to the downside.
On the upside, ETH's horizontal resistance is at $2,160, and we think this can be retested at a major relief rally.
ETH's RSI is very oversold, the most oversold it's been since mid 2022, yes, that's pre-FTX collapse.

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Next Support: $1,745
Next Resistance: $2,160
Direction: Neutral
Upside Target: $1,960
Downside Target: $1,545

Cryptonary's take:

In the short term, we expect ETH will be range-bound between $1,745 and $1,960. We expect a breakdown into the $ 1,500 is possible, but that might be a good long-term buying area.

Over the coming weeks, and maybe months, we expect the price to be range-bound and then to put in a more meaningful bounce on the other side of Trump/administration uncertainty. That might take 1-3 months. But we're expecting a sideways grind before a move higher.

So, something similar to summer 2022. We'd look to bid into the $1,500's to then sell ETH at $2,160. That's the play we'd be looking at for ETH over the coming weeks/months. But, we do see $1,500's as a good long-term buying opportunity to then sell ETH later in the year or in early to mid 2026.