Ethereum Price Analysis of March 13, 2025: Ethereum Fluctuates between $1960 and $1830, Is a Breakout Possible Today?

Are you tracking and wondering why Ethereum is consolidating and when there will be a clear trend in Ethereum’s price movement? Then you are at the right place, as Ethereum is currently in a consolidation phase, and the price moves between critical support and resistance levels. As we go through the analysis, we will explore different patterns and how the Ethereum price trend reacted to them. We will determine potential support and resistance levels. Without any further delay, let’s dive into Ethereum price analysis and determine where Ethereum price today might trade.

Ethereum Price Analysis of the Last 24 Hours

At 01:20 UTC, Ethereum broke out from a downward-moving channel to the upside, but the upside breakout failed, and the price spiked to the downside, forming a downward-moving channel. MACD showed a death cross at 02:10 UTC, supporting the downward-moving price. From 03:20 UTC to 04:40 UTC, RSI dropped below the level of 30, indicating an oversold market condition. At 04:45 UTC, MACD showed a golden cross, both suggesting a reversal or at least a pullback in the ongoing downward movement. 

Chart 1: Analysed by vallijat007, published on TradingView, March 13, 2025

Based on Ethereum price analysis, the price formed an upward-moving channel, which broke out to the downside at 06:00 UTC, forming a range. The range attempted to break out to the downside at 06:45 UTC, but the breakout failed, and the price pushed to the upside, forming a spike and an upward channel supported by a golden cross in MACD. As the price moved upward, it marked a high of $1,960. In the meantime, RSI moved above the level of 70, suggesting a pullback or reversal. 

Ethereum Consolidation Continues as Key Resistance Holds

The price dropped sharply to the level of $1,875 and formed an upward-moving channel. At 10:45 UTC, a golden cross appeared in the price, which supported the upward-moving channel. At 13:15 UTC, the price broke to the downside from the channel, further corroborated by a death cross in MACD. The price spiked to the downside and formed a downward-moving channel. The channel marked the low of the day at $1,830. In the meantime, RSI dropped below the level of 30, indicating a pullback, which was further supported by a golden cross in MACD at 15:35 UTC. 

The price spiked to the upside and formed a converging triangle. The converging triangle broke out to the upside at 20:35 UTC, forming an upward-moving channel. The upward-moving channel broke out to the downside at 00:05 UTC, but the downside breakout failed. The price spiked to the upside in an attempt to form a higher high, but it was unable to do so, leading to the formation of a resistance level at $1,915. A minor channel appeared in the Ethereum price today, which broke out to the downside at 02:20 UTC.

Ethereum Awaits Breakout as Consolidation Continues

Ethereum is currently in a range-bound market. A clear trend will only be seen when it strongly breaks out from the critical support and resistance levels. Until then, the price may further consolidate. Remember, when there is consolidation, a breakout is likely to occur soon. If it breaks out to the upside, then some bullish momentum could be seen. If the price drops below the support level, then another leg to the downside may follow. Traders and investors are encouraged to analyze the Ethereum price trend by themselves, as the crypto market is subject to potential risk.

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