Crypto analyst Tony Severino has drawn intriguing parallels between Ethereum’s price developments into 2024 and the current year. In his analysis, Severino highlights crucial technical indicators that shed light on ETH’s future trajectory.
Ethereum’s Price Action in 2024 vs. 2025 Based on Technical Indicators
In an X post, Tony Severino presented a rigorous analysis utilizing Japanese candlestick patterns, TD Sequential, and Parabolic SAR indicators to compare Ethereum price actions in 2024 and 2025. He observed that ETH’s 2024 candle demonstrated a lower high when assessed on both candle close and wick high bases. Conversely, he pointed out that the 2025 candlestick currently displays a bearish engulfing pattern, with its body completely enveloping the 2024 candle and entering the body of the 2023 candle.
Severino has marked significant yearly support at $735, while the Parabolic SAR indicator hovers at $370. Furthermore, he indicated that the TD Sequential count has reached a red 1, which may signify the onset of Ethereum’s first yearly downtrend. Despite these implications, Severino maintains that it is premature to express concern over a yearly candlestick with ten months still to conclude.
Ethereum is presently trending downwards, having slipped below the $2,000 mark, a threshold it hasn’t crossed since December 2023. While ETH has managed to recover above this critical psychological level, apprehensions regarding its price movements persist. As Severino noted, Ethereum might be on the brink of its inaugural yearly downtrend.
Remarkably, the year commenced for Ethereum with rare setbacks, recording negative monthly closes in both January and February. This occurrence marks a historical first. Additionally, crypto analyst Ali Martinez has cautioned that Ethereum’s price could potentially decline to as low as $1,600, or even $1,200, especially after breaking beneath a parallel channel’s lower boundary.
ETH’s Bottom Might Be In
In a recent X post, crypto analyst Titan of Crypto asserted that Ethereum’s bottom may have already been reached. He noted that the 2024 low has been swept on ETH’s perpetual daily chart, tapping into a critical level that might indicate a reversal point. His accompanying analysis suggests that Ethereum’s price could still approach or potentially exceed its current all-time high (ATH).
In the short term, projections show a likely rebound for the Ethereum price. The analyst pointed out that there are two unfilled ETH CME futures gaps above $2,500. The first gap is between $2,540 and $2,620, while the second extends from $2,900 to $3,300. Historically, these ETH CME futures gaps tend to get filled, suggesting a potential price recovery to these levels may be imminent.
As of the latest update, Ethereum is trading around $2,176, reflecting an increase of over 3% in the last 24 hours, according to CoinMarketCap data.
