Ethereum Eyes Gains As It Trails Bitcoin’s Rally (Technical Analysis)

Summary Bitcoin really stood dominant in the past 6 months, while Ethereum was lagging against other cryptocurrencies such as Solana and XRP. There are concerns surrounding the cryptocurrency that pioneered smart contracts, as it faces higher transaction costs and slower processing speeds compared to its closest competitor, Solana. We are currently in a support zone on the weekly timeframe, though prices will have to consolidate here to avoid it becoming a bearish pivot zone. By Elior Manier Bitcoin ( BTC-USD ) really stood dominant in the past 6 months, while Ethereum ( ETH-USD ) was lagging against other cryptocurrencies such as Solana ( SOL-USD ) and XRP ( XRP-USD ). Is Ether going to play catch-up? An in-depth technical analysis is due for the second biggest crypto.ETH Revisits levels last seen in February 2025 around the $2600 mark. An Overview on the Cryptocurrencies Market Top 6 Cryptocurrencies by their Market Cap. Source — CoinMarketCap Ethereum still stands as the second biggest cryptocurrency even after lagging on the rally that took Bitcoin and Solana to their own all-time highs.There are concerns surrounding the cryptocurrency that pioneered smart contracts, as it faces higher transaction costs and slower processing speeds compared to its closest competitor, Solana (SOL). It is important to note though that the development of ETFs for the Cryptocurrency tends to boost its performance, as we have seen with the past year introduction of BTC ETFs. Besides, Bitcoin hitting fresh all-time highs in today’s overnight session tends to provide a boost to the overall crypto market. ETH performance vs BTC and SOL, Jan 2024 to today. Source – TradingView. Ethereum in-depth Technical Analysis ETH Weekly Levels Ethereum Weekly Chart, 2021 to May 22, 2025. Source – TradingView The weekly charts point to a decent comeback from the crypto with strong bullish candles the past 4 weeks. We are currently in a support zone on the weekly timeframe, though prices will have to consolidate here to avoid it becoming a bearish pivot zone. Resistance and Support Zones to look for on the weekly: S1: 2,385 – 2,525 S2: 2,035 – 2,167 S3: 1,700 – 1,825 Note that prices will already have to break last week highs of $2,739 R1: 2,850 – 2,992 R2: 3,225 – 3,363 R3: 3,660 – 3,800 December 2024 highs: $4,095 ETH Daily Levels Ethereum Daily Chart, November 2024 to May 22, 2025. Source – TradingView Daily support and resistance zones for the ETH are similar to the ones found on the weekly timeframe. ETH has to break above the 14th of May 2025 Highs at $2,739 for a further bullish breakout – though the trend is still bullish as long as we maintain above S1. ETH Closer View – 4H Chart Ethereum 4H Chart, May 2025. Source – TradingView Ethereum is consolidating at its local highs, a good sign generally, as the local top at $2,739 did not form clear lower highs. Prices are now looking to retest the last week highs. Fibonacci Levels on this 4h charts are key to spot potential support and resistance zones for entry and/or position closes. Observe how levels on this tool coincide with Support and Resistance zones from bigger timeframes. r1 and r2 on the chart indicate potential resistance zones to expect on a breakout. r1: 2,926 – 3,000 r2: 3,086 – 3,150 Original Post

Source: Seeking Alpha