Ethereum breaks above $2.5K: $3K next target for ETH

Ethereum price analysis for Feb 25, 2022, can be concluded on a bearish note as the token has broken $2.5K. TheCoinRise reported in the ETH price analysis for Feb 24, 2022, that the token would break above this price region, and it did. Moreover, the market remains bearish overall, with the Russia-Ukraine crisis instilling fear in the minds of the investors. 

The data from CoinMarketCap shows that the trading volume of the token has surged 103.70% in the last 24 hours, followed by a 6.40% price change in the last 24 hours. Moreover, the Volume / Market Cap Ratio has a value of 0.09129, while the Market Dominance of the token rests at 18.24%. It is also important to note that the market cap of Ethereum has surged 5.56% in the last 24 hours. 

The daily candle for Ethereum opened at a price of $2596 and reached a daily high of $2649. Moreover, the daily low for the token rests at 2582. It is also important to note that at the time of writing, the price of 1 ETH is $2627.

Ethereum price analysis on the daily chart for Feb 25

Ethereum price analysis for Feb 25, 2022, confirms that the token has turned bullish following a huge surge in buying volume. However, we will use 3 major indicators to dig deeper.

Source: TradingView

The MACD indicator shows that the MACD line continues to move below the signal line, which means that lower prices might follow. 

The RSI line has a slight positive gradient and reads 31.71. On the whole, the token is still in a downtrend, and chances of ETH falling below $2.5K are high. 

The price action has successfully rebounded from the lower end of the Bollinger Bands and now aims to enter the middle zone of the Bands.

Conclusion

Ethereum price analysis for Feb 25, 2022, can be concluded on a bullish note, but indicators show it is unlikely ETH will hold above $2.5K.