Ethereum trades near $3,250 after rejecting key resistance. Trendline support holds, while ETF inflows and taker activity show recovery signs.Ethereum trades near $3,250 after rejecting key resistance. Trendline support holds, while ETF inflows and taker activity show recovery signs.

Ethereum Slams Into Major Resistance: Breakout or Breakdown Ahead?

2025/12/13 04:03

Ethereum (ETH) continues to trade near the $3,250 mark after facing pressure at key resistance levels. The asset remains above key support levels despite recent price rejection.

Resistance Blocks Further Upside

Ethereum attempted to push through the $3,350 zone but failed. This area includes the 200-day moving average and a key horizontal resistance level. Since that rejection, the price action has cooled, but ETH has not broken below the recent higher lows formed in November. Daan Crypto Trades noted,

He also pointed out that ETH is still outperforming much of the broader market. While momentum has slowed, the trend since November remains upward. Moreover, after breaking a descending trendline, ETH pulled back to retest it. The price action is holding just above that line, which has served as resistance since October. If it continues to hold, it could support a move higher.

DonnieBTC commented that ETH is “retesting the trend line” and appears “ready for a new bounce.” The next resistance sits in the $3,600 to $3,800 range, while immediate support is at $3,000. A higher low near this level would likely confirm that the uptrend is still valid.

Ethereum (ETH) price chartEthereum (ETH) Price Chart 12.12. Source: DonnieBTC/X

Past Pattern Repeats?

ETH’s recent 47% pullback matches a similar decline from mid-2024. That correction was followed by a strong move upward. A new weekly chart comparison from CryptoWZRD suggests the two structures are nearly identical in both size and timing. A similar recovery now would echo the late 2024 rally.

In addition, CryptoWZRD stated that ETH closed indecisively in the daily candle, and ETHBTC was weak. Resistance and support levels are identified at 3,700 and 2,800, respectively.

Meanwhile, Ethereum’s social sentiment shifted after the recent Fed rate decision. Initial excitement around a rate cut faded quickly as ETH pulled back. However, data from CryptoQuant shows early signs of buyer activity returning. Analyst Maartunn noted, “Net Taker Volume is still negative at –$138M,” though it has improved from October, when it reached –$500M.

Exchange data also shows modest inflows into ETH spot ETFs after weeks of outflows. Glassnode reported early signs of recovery, with demand appearing to stabilize. These inflows suggest that some investors are positioning for strength as the year ends.

The post Ethereum Slams Into Major Resistance: Breakout or Breakdown Ahead? appeared first on CryptoPotato.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SEC issues investor guide on crypto wallets and custody risks

SEC issues investor guide on crypto wallets and custody risks

The SEC released a guide on crypto wallets and custody for investors.
Share
Cryptopolitan2025/12/14 08:38
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21