Swyftx Analyst: ETH Sideways in the Short Term
The post Swyftx Analyst: ETH Sideways in the Short Term appeared on BitcoinEthereumNews.com.
Swyftx chief analyst Pav Hundal stated to Cointelegraph that the Ethereum (ETH) price has largely priced in short-term macro risks and upcoming industry catalysts, expecting it to trade sideways in the coming weeks. He expressed that factors such as geopolitical tensions, issues around Iran, and progress on the US CLARITY Act have been reflected in the prices. Ether has experienced a 31.65% drop in the last 30 days. Source: CoinMarketCap ETH Technical Outlook and Support/Resistance Levels Ether has dropped 31.65% in the last 30 days. Current price at 2.044 dollars, 24-hour change -1.11%. RSI at 44.60 in the neutral zone, overall trend bearish and Supertrend giving bear signal. EMA 20: 2.056 dollars. Strong supports: S1 1.943 dollars (4.94% distance, score 72/100), S2 2.025 dollars (0.95% distance). Resistances: R1 2.110 dollars (3.21%), R2 2.172 dollars (6.25%). ETH Market Sentiment and Institutional Moves October’s 19 billion dollar liquidation event shook confidence, consumer sentiment fell back to 2022 levels, and the Crypto Fear & Greed Index showed 13 points with “Extreme Fear” on Friday. ETH fell 56.8% from its October peak of 4.687 dollars to 2.021 dollars. Despite this, BitMine Immersion Technologies bought another 45.759 ETH, raising its total holdings to 4.371.497 ETH (3.62% of circulating ETH). The ETH/BTC ratio increased 3.58% in the last seven days. Hundal noted that in the medium term, ETH will test experienced investors but he is watching for outperformance signals against Bitcoin (BTC). Market news supports ETH: One of the UAE’s largest banks is increasing its crypto assets, BTC PERP rose 8.40% forming a positive weekly candle. GD Culture Group is using its 7.500 BTC reserves for share buybacks, boosting overall crypto sentiment. ETH futures should be monitored. Crypto Research Analyst: Michael Roberts Blockchain technology and DeFi focused This analysis is not investment advice. Do your own…
Filed under: News - @ February 27, 2026 5:22 am