Sign Up on MEXCEthereum Price Analysis Ahead of Upcoming Blood Moon Lunar Eclipse
Highlights
- Ethereum is brutally oversold, with whales getting liquidated as prices crashed below $2,000 for the third time this year.
- The upcoming Blood Moon Lunar Eclipse could catalyze a bullish reversal or exacerbate the downtrend, depending on market conditions.
- Ethereum has formed a bullish swing failure pattern, triggering a 10% bounce, but still faces key resistance levels at $2,100-$2,200.
Ethereum (ETH) is brutally oversold, with whales getting liquidated as prices crashed below $2,000 for the third time this year. This brutal sell-off is due to Bitcoin’s (BTC) sudden collapse below $80,000 over the weekend. The upcoming blood moon lunar eclipse could be a silver lining that catalyzes a bullish reversal or it could further exacerbate the downtrend by another leg of correction not just for Ethereum price but also the entire crypto market.
How Will Ethereum Price React to the Upcoming Blood Moon Lunar Eclipse?
A Lunar Eclipse known as the ‘Blood Moon’ is set to occur on the night of March 13, 14 2025, which has caused many crypto investors to expect heightened volatility, similar to the past three days. Lunar cycles tend to affect stock market returns. For example, research shows that stock returns are lower on the days around a full moon than on the days around a new moon. For Bitcoin, full moons signal a bullish reversal.
Popular analyst Crypto Damus noted “eclipses can create extreme emotions” and “extreme sentiment” especially with “an opposition to fear planet Saturn.” When such eclipses are combined with “venus retor,” Damus adds, “You get a perfect storm for a Panic Sell Off.”
So, investors can expect heightened volatility, but a further crash in crypto markets is highly unlikely, especially if Bitcoin (BTC) stabilizes between $78K and $82K. In such a case, the blood moon lunar eclipse could catalyze a bullish reversal.
Ethereum Price Analysis: Will ETH Crash or Reverse?
From a technical standpoint, Ethereum price has swept the previous daily lows and created a bullish swing failure pattern (SFP). This is the first bullish signal. Due to the SFP, ETH has bounced 10% and currently trades at $1,900 with more upside potential, according to data from TradingView.
However, if Bitcoin remains weak and ETH price fails to overcome the $2,100 to $2,200 resistance zone, it will signal weakness. In such a case, the blood moon lunar eclipse could further exacerbate the bearish trend and catalyze a panic sell-off to $1,500 or $1,000.
On the other hand, if Ethereum price recovers above $2,200, it will set up a higher high and confirm a shift in market structure favoring bulls. In such a case, ETH needs to create a higher low, potentially above $2,000, to retain this optimistic structure. Such a bullish Ethereum price prediction could trigger another leg up to $2,500 or even the $3,000 psychological level.
Conclusion
The upcoming Blood Moon Lunar Eclipse adds uncertainty to Ethereum’s price outlook, but technical analysis suggests that a bullish reversal is possible if Ethereum can overcome key resistance levels and Bitcoin stabilizes.
Frequently Asked Questions (FAQs)
1. How will the upcoming Blood Moon Lunar Eclipse affect Ethereum's price?
2. What is the current technical outlook for Ethereum's price?
3. What are the potential price targets for Ethereum in the near term?
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