ETH/USDT Analysis & Forecast - March 1, 2025

Current Market Overview
- **Timeframe:** 4-hour chart
- **Current Price:** **$2,161.24** (-1.07%)
- **Recent Low:** ~$2,074.46
- **Key Resistance Levels:**
- **$3,015.76** (Fib 0.5)
- **$3,064.11 - $3,200** (Critical zone for bullish breakout)
- **$3,400 - $3,460** (Fib 0.705-0.79 retracement)
- **Key Support Levels:**
- **$2,181.93** (Current near-term support)
- **$1,811.21** (Major historical support)



Technical Indicators & Analysis
1. **Fibonacci Retracement:**
- The price has dropped significantly from the high of **$3,957**, currently testing the **Fib 0 level (~$2,074)**.
- The first major resistance will be at **$3,015 - $3,200** (Fib 0.5-0.618).
- A break above **$3,400** will indicate a strong bullish recovery.

2. **Price Action:**
- The sharp drop to around **$2,000** suggests a liquidity sweep or stop-loss hunting.
- A potential **V-shaped recovery** is possible if ETH finds strong buying momentum at this level.
- The **red arrow projection** on the chart suggests a short-term bounce back toward **$2,900 - $3,000**.

3. **Support & Resistance:**
- ETH is **testing a strong support** level at **$2,181**.
- If this support fails, ETH may test **$1,811**.
- A recovery would target **$2,700 - $3,015** as the first resistance.



Forecast & Trading Strategy
- **Bullish Scenario:**
- If ETH holds **$2,074 - $2,181**, a **rebound** to at least **$2,700 - $3,015** is likely.
- A breakout above **$3,200 - $3,400** could push ETH towards **$4,000**.

- **Bearish Scenario:**
- If ETH loses **$2,074**, the next major support is **$1,811**, a **key long-term buying zone**.
- Below **$1,800**, bearish momentum could extend losses toward **$1,500**.

- **Suggested Trade:**
- **Long Entry:** **$2,100 - $2,200** with a target at **$3,000 - $3,200**.
- **Stop-loss:** Below **$2,050** to prevent downside risk.
- **Short Entry:** If ETH rejects **$3,000 - $3,200**, shorting down to **$2,500** is an option.

Conclusion
- ETH is at a **critical support zone**, with **potential for a strong bounce**.
- If bulls reclaim **$3,000**, expect a continuation to **$3,400+**.
- If ETH loses **$2,000**, watch for **$1,800 - $1,500** as next supports.
- **Traders should watch volume and price reaction at $2,100 - $2,200** for a bullish reversal confirmation.