Ethereum News Today: StETH Stabilizes Near $3,482 After Bollinger Band Support Test

Lido Staked Ether (stETH), a prominent liquid staking derivative tied to Ethereum, is exhibiting early signs of a potential recovery after a brief pullback in late July. Traders and analysts are closely monitoring technical indicators, which suggest that the token could be on the verge of a significant price movement. Currently trading at $3,482.17, stETH found support near the 50-day moving average and the lower Bollinger Band, halting a decline from the $4,000 level [1]. The token has since stabilized, showing renewed buyer interest and a possible setup for a breakout [1].

Technical analysis points to a classic Bollinger Band squeeze, with the stETH price currently positioned below the 20-day midpoint at $3,619.58. The narrowing bands indicate a period of low volatility, often preceding a sharp price move [1]. If stETH breaks above this level, it could potentially reclaim previous highs near $3,982.57 and approach the psychological $4,000 level [1]. On the downside, the critical support is anchored at $3,256.60, the lower Bollinger Band. A retest of this level could trigger further consolidation or even a deeper correction if demand weakens [1].

The Relative Strength Index (RSI) currently stands at 53.46, signaling a return to neutral territory after a brief dip into oversold levels [1]. Analysts suggest that a rise above 60 could offer stronger confirmation of a bullish trend, reinforcing the likelihood of stETH’s upward trajectory. The RSI’s current trajectory suggests that selling pressure may have already dissipated, possibly signaling the beginning of a buying phase [1].

Looking ahead, price forecasts for stETH remain optimistic. A 2025–2029 price projection estimates a minimum price of $3,200 and a maximum of $6,200, with average prices expected to rise gradually over the next five years [1]. For 2025, the token is anticipated to trade between $3,200 and $4,200, contingent on a breakout above the $3,620 level. By 2026, sustained demand from institutional investors and increased Ethereum staking adoption could push stETH toward an average of $4,100 and a high of $4,700 [1]. In 2027, the expansion of Ethereum Layer 2 solutions and DeFi integrations are expected to support a potential surge to $5,000, with an average of $4,400 [1].

The long-term trajectory of stETH is underpinned by Ethereum’s broader ecosystem, the growing appeal of staking yields, and Lido’s dominant position in the liquid staking market. If support levels remain intact and broader crypto sentiment improves, a return to the $4,000 range could occur sooner than expected [1]. As such, stETH remains a compelling asset for investors seeking exposure to both Ethereum and the staking yield market [1].

Source: [1] Lido Staked Ether (stETH) Price Prediction 2025–2029: Can Lido stETH Hit $4,000 Soon? (https://coinmarketcap.com/community/articles/688fcef0d921332cbcd2a217/)