- Ethereum struggles to break resistance but may bounce before a decisive move. Support levels remain crucial for its next trend.
- Nvidia follows a similar cycle, showing pullbacks after strong gains. The short-term downside remains, but the long-term outlook is bullish.
- Both assets face market uncertainty, with key resistance and support levels shaping future price action. Traders watch for trend shifts.
Crypto enthusiasts and investors remain divided about the market’s future. As 2025 unfolds, analyst Jackis remains bullish on the prospects for both Ethereum (ETH) and equities. Despite recent price struggles, the analyst believes that a bear market in both crypto and traditional stocks is still premature. However, the sentiment remains cautious, as the market continues to face volatility.
Ethereum’s Struggle to Break Resistance Levels
Ethereum’s price action shows continued struggle at key resistance zones. On the weekly chart, Ethereum (ETH) has repeatedly faced rejection at the upper resistance level, marked in red. This price zone has proven challenging to break, and each attempt has resulted in a pullback. Consequently, Ethereum has found some support around the blue zone, which has previously held as a demand area.
Although Ethereum recently failed to break through resistance, the analyst is confident in its eventual potential. The consolidation period may extend a little longer, with a potential bounce before a more decisive move. The focus now is on the next price reaction as ETH tests this support zone once again. If the price holds, it could signal a shift in momentum. However, a break below the support could lead to further declines in the near term.
Nvidia Displays Similar Volatility
Meanwhile, Nvidia (NVDA) has exhibited a parallel market cycle, showing a strong uptrend followed by consolidation. Like Ethereum, Nvidia is experiencing a pullback after reaching a period of price range-bound action. Despite Nvidia’s long-term optimistic view being unaffected by the recent correction, the stock may experience more short-term declines.
Moreover, the price swings of Nvidia and Ethereum both demonstrate how important support and resistance areas are in predicting the next price movement. As they test these crucial levels, both assets are going through a time of uncertainty.
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