Why Ethereum Can’t Rebound? – Analytics Firm Shares Critical Price Levels That Must Be Defended

Cryptocurrency analytics platform MakroVision has released its latest assessment of Ethereum, noting its continued weakness following the recent market sell-off.

Ethereum is currently trading well below the $3,273 level, with the drop largely attributed to the uncertainty surrounding DeepSeek as explained in the platform’s weekly report.

Key resistance levels according to analysts:

• $3,273: This level broke to the downside and now acts as a short-term resistance.
• Red Trendline: Ethereum remains in a downtrend and a breakout of this area could signal the beginning of a bullish reversal.

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Key support levels:

• $2,960-$3,030: Described as a strong liquidity zone that has already been lightly tested.
• $2,810-$2,880: Known as the “golden pocket” (.618 Fibonacci retracement level), this area is a key support group for bullish traders. A drop below this area could jeopardize Ethereum’s broader bullish structure.

According to the analyst firm, a recovery of $3,273 is necessary for any recovery.

*This is not investment advice.

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