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Ethereum has finally broken through a key resistance level, trading above $1,900 after pushing past the long-standing $1,850 barrier. This move marks the beginning of a breakout many hoped for—but few expected to arrive so soon. After weeks of hesitation, bearish pressure, and uncertain momentum, ETH is showing renewed strength just as broader market sentiment begins to shift. Related Reading: Bitcoin Shows Impressive 4H Strength – A Shift Toward Upside Break Adding weight to the breakout, new insights from CryptoQuant reveal that Ethereum is now extremely undervalued compared to Bitcoin, the first time this has occurred since 2019. Historically, such levels of ETH/BTC undervaluation have preceded periods of strong Ethereum outperformance. While price action is leading the way, on-chain data is reinforcing the bullish case, signaling that ETH may be entering a favorable phase in its cycle. This renewed upside comes amid low expectations and broad skepticism, making it all the more impactful. As ETH trades above $1,900, traders and investors are watching closely for follow-through and potential continuation toward $2,000 and beyond. If history is any guide, Ethereum’s recent move may not just be a short-term spike—it could be the beginning of a larger trend reversal, especially as the ETH/BTC valuation gap begins to close. Ethereum Flirts With $2,000 As Undervaluation Sparks Bullish Hopes Ethereum is now approaching the critical $2,000 mark, a level that, if reclaimed and held, would confirm a technical breakout and potentially usher in a broader bullish phase. After weeks of sluggish movement and bearish pressure, ETH is gaining momentum and showing signs of strength across both price action and on-chain metrics. A close above $2,000 would mark a major shift in sentiment, signaling renewed confidence among investors and traders alike. However, risks remain. Ongoing tensions between the US and China continue to inject uncertainty into global markets, and the US Federal Reserve has shown no sign of pivoting. With interest rates expected to remain elevated and quantitative tightening (QT) still in effect, the macroeconomic backdrop remains a headwind. Should these geopolitical and monetary factors ease, Ethereum’s breakout could gain sustained traction. According to CryptoQuant, the Ethereum-to-Bitcoin MVRV (Market Value to Realized Value) ratio highlights that ETH is now extremely undervalued compared to BTC—the first time this has occurred since 2019. Historically, such conditions have led to strong periods of Ethereum outperformance. Still, the bullish setup faces some internal friction. Supply pressure, weak on-chain demand, and flat network activity could stall momentum if market sentiment doesn’t improve further. While Ethereum’s current push is encouraging, confirmation will only come with sustained movement above resistance and stronger fundamentals. Until then, ETH remains at a critical juncture, with the potential to lead the next leg of the crypto rally—or slip back into consolidation if external and internal pressures persist. Related Reading: Ethereum Consolidates As Accumulation Trend Develops – New Bullish Phase Ahead? ETH Price Analysis: Technical Details Ethereum is trading at $1,933 after a strong breakout above the $1,900 resistance zone, marking its highest level since early April. On the 4-hour chart, ETH surged from around $1,850 with increased volume, breaking a multi-week consolidation range. This move confirms bullish momentum and puts the $2,000 psychological level clearly in sight. The breakout is further supported by the price now trending well above both the 200-period EMA ($1,791) and the 200-period SMA ($1,700). These long-term moving averages had previously acted as resistance but have now been flipped into potential dynamic support. The strength of this rally indicates renewed buying interest and a potential shift in market sentiment. However, the next challenge lies in maintaining this upward momentum. Ethereum must hold above the $1,900–$1,920 level to avoid a fakeout and confirm this breakout as sustainable. A clean push through $2,000 would further validate the bullish structure and open the door to higher targets. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details Overall, the chart reflects a decisive technical breakout, backed by volume and structure. If bulls remain in control and macro conditions remain steady, ETH could be preparing for a stronger trend continuation in the days ahead. Featured image from Dall-E, chart from TradingView

Ethereum’s price has seen a moderate recovery over the past week, tracking closely with the broader crypto market’s positive momentum. At the time of writing, ETH is trading at $1,820, reflecting a 3.3% increase over the last seven days and a 2.5% gain in the past 24 hours. While the asset remains well below its all-time highs, this gradual rise suggests a potential shift in sentiment among investors. The latest on-chain insights from CryptoQuant point to a notable trend developing within Ethereum’s staking ecosystem. Related Reading: Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent? Post-Pectra Staking Activity Marks Sentiment Shift According to analyst Kripto Mevsimi, the post-Pectra upgrade period has been marked by a reversal in staking flows. After a brief pullback ahead of the network update, ETH holders appear to be returning to staking, with fresh inflows suggesting renewed interest and confidence in Ethereum’s long-term direction. Mevsimi’s analysis shows that between November 16 and February 15, before the Pectra upgrade was publicly announced, Ethereum’s total staked supply dropped by over 1 million ETH. This retreat likely reflected investor uncertainty surrounding the update and broader market conditions. However, from mid-February to mid-May, staked ETH has increased by approximately 627,000 ETH, signaling a return of staking activity following Pectra’s implementation. The upgrade itself introduced important validator improvements and flexibility enhancements, including EIP-7002, which some analysts believe may pave the way for institutional adoption or potential ETF alignment. The renewed staking trend, while not yet dramatic in scale, appears to indicate an early phase of repositioning within the Ethereum ecosystem. Mevsimi suggests that this could mark the beginning of institutional preparation or a broader reassessment of Ethereum’s staking value proposition. With regulatory clarity still developing and macroeconomic uncertainty in play, the future of this trend remains fluid. However, the behavioral pivot post-upgrade may reflect strengthening structural support for Ethereum as a network. Ethereum Fee Revenue Declines Despite Price Recovery While staking metrics suggest a shift toward renewed engagement, Ethereum’s on-chain activity presents a more cautious picture. In a separate update, CryptoQuant analyst Carmelo Alemán highlighted a steep drop in the network’s fee revenue. Data from the Ethereum: fees (Total) metric reveals that daily fees have plummeted from 5,646 ETH on November 13, 2024, to just 292 ETH by May 6, 2025—a 94.82% decline. This dramatic reduction in fee generation impacts validators directly, as it lowers rewards tied to securing the network. Alemán notes that the decline may also be linked to reduced demand for block space, fewer transactions, or increasing user migration to Layer 2 platforms such as Arbitrum, Optimism, or zkSync, where fees are typically much lower. Related Reading: Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating The contrast between rising staking activity and declining fee revenue highlights a complex environment in which investors appear confident in Ethereum’s long-term potential despite a near-term slowdown in on-chain engagement. Featured image created with DALL-E, Chart from TradingView

As price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial level, which could kickstart a breakout toward the $2,100 resistance. However, some analysts suggest that bulls need to take action or a 15% drop could be in the horizon. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead? Ethereum Eyes Breakout To $2,100 After successfully holding the $1,750 level as support, Ethereum has reclaimed the key $1,800 resistance. The cryptocurrency has recovered nearly 20% over the past two weeks, hitting a one-month high of $1,873 at the start of May. ETH currently registers a 1.92% increase from its monthly opening following its negative 1.95% April. Notably, the King of Altcoins could end a five-month red streak if it continues trading above the $1,807 mark in the coming weeks. Amid the Tuesday correction, Ethereum retested the $1,750 level before jumping back above the $1,800 mark. Analyst Michaël van de Poppe noted that ETH is holding the recently reclaimed resistance and starting to bounce to confirm as support again, indicating buying pressure.  As a result, the analyst considers that investors are “about to witness a big breakout” to the $2,100 barrier in the coming 1-2 weeks. Reclaiming this level is key for Ethereum, as it was a key resistance ahead of its Q4 2023 breakout and served as a key support zone during the 2024 and early 2025 rally. Analyst World of Charts highlighted that ETH has been moving sideways between the $1,750-$1,870 price range after breaking out from its downtrend in late-April. And it “seems like building up for solid breakout” from its consolidation zone. Per the post, a breakout from this range and confirmation of the level as support could send the cryptocurrency toward the $2,500 level, lost in February. ETH’s Price Risks Another Correction Market watcher Daan Crypto Trades pointed out that “bulls would want to get a move going soon,” despite ETH’s price holding above the $1,750 support. The trader suggested that the altcoin could not stand another retest of this range, and if the level doesn’t hold, a 15% drop could be likely. “if that level gives in, it can be pretty easy to see how it just “Bart moves” back down to the $1500s,” Daan detailed, warning that ETH could risk a new low if it falls below this level. Related Reading: SUI Breakout To $4 Imminent? Analyst Says A Correction To This Level Could Come First Nonetheless, he concluded that it is “still fine as long as it trades where it does but be careful if we’d see a move & close below $1750.” Crypto Amsterdam also suggested that ETH could dive toward the $1,500 mark. According to the chart, if Ethereum is rejected again from the current levels, it could retrace toward the mid-April levels, between $1,550-$1,650, before bouncing toward its range high above the $1,900 mark. As of this writing, Ethereum trades at $1,811, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance. The price is trading above $1,820 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it breaks the $1,850 resistance level. Ethereum Price Remains Supported For Gains Ethereum price remained supported and started a fresh increase above $1,780, like Bitcoin. ETH gained pace for a move above the $1,800 resistance zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $1,872 swing high to the $1,752 low. Besides, there is a connecting bullish trend line forming with support at $1,810 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,820 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,840 level and the 76.4% Fib retracement level of the downward move from the $1,872 swing high to the $1,752 low. The next key resistance is near the $1,850 level. The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,850 resistance, it could start a fresh downside correction. Initial support on the downside is near the $1,825 level. The first major support sits near the $1,810 zone and the trend line. A clear move below the $1,810 support might push the price toward the $1,780 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,665. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,810 Major Resistance Level – $1,850

On the U.S. exchange's online site for the documents obtained by Freedom of Information Act requests, it's illuminating some internal SEC discussions.

Ethereum (ETH) seems to have extended its period of price stagnation, trading at $1,770 at the time of writing. The asset has dropped by 3% over the past week and 1.6% in the past 24 hours, continuing its broader corrective trend after reaching a cycle high of $4,107 in December 2024. Although price movement has been limited, on-chain data suggests that certain underlying shifts could influence market behavior in the near term. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? Ethereum Sees Plunge In Spot Volume CryptoQuant analyst Darkfost has reported that Ethereum’s spot volume is experiencing a consistent decline. His analysis focuses on a bubble chart that visualizes two dimensions: the size of each bubble represents spot volume, and its color indicates the volume change rate. According to the data, the bubbles have become progressively smaller and lighter in color, indicating that fewer trades are being conducted and that the pace of decline in volume is slowing. While declining spot volume may traditionally be viewed as a sign of reduced investor interest or weak momentum, Darkfost interprets it differently in the context of a market correction. He suggests that a decline in spot volume during a downtrend can act as a stabilizing force, potentially reducing the likelihood of sharp volatility spikes caused by large sell orders. Lower volume during a corrective phase could mean that sellers are exhausting their positions or stepping aside, creating conditions for price consolidation. This can ease the intensity of downward pressure and potentially pave the way for a more balanced market structure in the short term. However, Darkfost was cautious in his interpretation, noting that cooling volume doesn’t necessarily mean the market has bottomed out. Instead, it could simply mark a temporary pause in volatility before the next move. Long-Term Holders Increase Exposure Despite Unrealized Losses Meanwhile, in a separate update, CryptoQuant analyst Carmelo Alemán explored Ethereum’s long-term holder behavior and revealed that many ETH investors continue to accumulate, even while sitting in unrealized losses. Accumulation addresses, defined as wallets that consistently receive ETH without significant selling, are generally seen as strong hands with longer investment horizons. According to Alemán, March 10 marked a pivotal moment when the average realized price of accumulation addresses fell below ETH’s market price, pushing these wallets into negative territory. Related Reading: Ethereum Holders Stay Committed Despite Unrealized Losses – Signs Of An Incoming Rally? Despite this, the data shows that accumulating addresses have increased their balances by over 22% between March and early May, growing from 15.5 million ETH to 19 million ETH. This behavior reflects strong conviction and suggests that long-term holders believe Ethereum is undervalued at current prices. Historically, such accumulation during downturns has preceded upward price movements, as reduced supply on the market creates favorable conditions for a rally when demand returns. Featured image created with DALL-E, Chart from TradingView

Traders looking for cues on potential Fed-led moves in major tokens might want to see what implied volatility indices are saying.

According to a recent X post by crypto trader Coinvo, Ethereum (ETH) is ‘insanely undervalued’ at its current price. Several on-chain metrics appear to support Coinvo’s assessment, as ETH accumulation addresses continue to stack the digital asset despite lackluster price performance over the past few years. Ethereum May Be Due A Rally Soon Although ETH has risen 8% over the past two weeks, it remains down 43% over the past year, trading around $1,700 at the time of writing. From its all-time high (ATH), Ethereum is down 63.6%, in stark contrast to Bitcoin (BTC), which is trading just 13.7% below its ATH. Related Reading: Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights Ethereum’s relatively poor performance compared to other major cryptocurrencies has raised questions about its long-term outlook. While Bitcoin benefits from its first-mover advantage and broader institutional adoption, Ethereum faces increasing competition from rival smart contract platforms like Solana (SOL), SUI, and Polkadot (DOT). Despite prevailing negative sentiment, some analysts believe ETH could be on the verge of a turnaround. Coinvo, for instance, claims that Ethereum is significantly undervalued and could be poised for a massive rally. The trader shared the following chart leveraging the Market Value to Realized Value (MVRV) Z-score – a metric used to identify potential market tops and bottoms. According to the chart, Ethereum’s MVRV Z-score has now entered the green zone – between 0 and -1 – a range that historically signals a market bottom and possible trend reversal. Meanwhile, inflows into Ethereum accumulation addresses have surged to historic highs. In an X post, analyst CryptoGoos shared a chart showing record ETH inflows into these addresses in 2025. ​​High inflows to accumulation addresses indicate that long-term investors are actively buying and holding ETH, even during market downturns. This behavior often reflects growing confidence in Ethereum’s future value and suggests a potential bullish sentiment building beneath the surface. In a separate post, CryptoGoos also highlighted that Ethereum’s exchange reserves are at a multi-year low. Diminishing reserves on exchanges point to reduced selling pressure and a tightening supply, which could strengthen ETH’s scarcity narrative and drive prices higher in the near term. ETH Holders Not ‘Bullish Enough’ Noted analyst Crypto Rover drew parallels between ETH’s current price action and BTC’s 2021 trajectory. According to the analyst, if Ethereum mirrors Bitcoin’s past performance, it may be on track to reach a new ATH in the coming months. Related Reading: Ethereum Holders Stay Committed Despite Unrealized Losses – Signs Of An Incoming Rally? That said, concerns remain around further decline in ETH’s price if the global macroeconomic situation worsens amid the US President Donald Trump’s looming reciprocal trade tariffs. At press time, ETH trades at $1,754, down 2.1% in the past 24 hours. Featured image created with Unsplash, charts from X and TradingView.com

Ethereum price started a downside correction and tested the $1,750 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,800 resistance. The price is trading above $1,800 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it breaks the $1,850 resistance level. Ethereum Price Aims Higher Ethereum price started a downside correction from the $1,880 zone, like Bitcoin. ETH declined below the $1,850 and $1,800 support levels. Finally, the price found support near the $1,750 level. A low was formed at $1,752 and the price started a fresh increase. There was a move above the $1,800 and $1,810 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $1,872 swing high to the $1,752 low. Besides, there was a break above a key bearish trend line with resistance at $1,820 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,840 level and the 76.4% Fib retracement level of the downward move from the $1,872 swing high to the $1,752 low. The next key resistance is near the $1,850 level. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,820 level. The first major support sits near the $1,810 zone. A clear move below the $1,810 support might push the price toward the $1,780 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,665. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,810 Major Resistance Level – $1,850

Ethereum is under pressure after failing to break above the $1,874 high set on May 1st, a level that now acts as stiff resistance. As the broader crypto market begins to heat up, Ethereum remains stuck in a tight range, lacking the momentum to confirm a breakout. Currently trading just above $1,800, ETH sits at a critical level where bulls must step in to defend the structure and push the price higher. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal Despite several attempts, Ethereum has been unable to establish a clear direction, and market participants are growing cautious. The asset is still down over 55% from its December highs, reflecting a prolonged period of weakness relative to other major cryptocurrencies. Without a strong push through resistance, Ethereum risks falling further behind. Top crypto investor Michael Van de Poppe recently shared a technical analysis suggesting that Ethereum is still in an accumulation phase. According to Van de Poppe, ETH shows signs of strength and accumulation against BTC in the background, but needs confirmation through a decisive breakout above current levels. Until then, Ethereum remains range-bound and vulnerable to volatility. With market sentiment shifting and major moves looming, the coming days will be crucial for ETH’s short-term outlook. Ethereum Accumulation: ETH/BTC Chart Hints At Imminent Move Ethereum continues to struggle below the $2,000 mark, failing to reclaim key resistance levels despite broader market activity heating up. While ETH/USD remains directionless and still trades over 55% below its December highs, a closer look at the ETH/BTC chart reveals something more constructive brewing beneath the surface. Van de Poppe recently shared an analysis highlighting a clear accumulation structure forming in the ETH/BTC pair. After months of consistent downside, the chart shows Ethereum breaking out of a falling wedge and consolidating in a tight range just below critical resistance at 0.0195 BTC. According to Van de Poppe, this is a classic accumulation pattern, signaling that Ethereum may be preparing for a significant breakout relative to Bitcoin. The chart also highlights a key demand zone around 0.0184 BTC—an area ETH has repeatedly held. As long as this level holds, Van de Poppe believes Ethereum could continue to grind higher and eventually take out liquidity above resistance. A successful breakout could mark the start of Ethereum outperforming Bitcoin, a trend often seen during the altcoin expansion phase of a bull market. However, risks remain. The broader market is still heavily influenced by macroeconomic uncertainty, particularly surrounding U.S.-China tensions. For now, Ethereum’s upside case depends on holding current support and clearing the 0.0195 BTC resistance. If successful, this accumulation may become the base for a strong rally. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? ETH Price Consolidates In A Tight Range Ethereum is currently trading at $1,795.79 after a slight rejection from the $1,874 local high reached on May 1st. The daily chart shows ETH consolidating in a tight range following its rebound from April’s lows near $1,500. However, despite this stabilization, ETH remains well below both the 200-day simple moving average (SMA) at $2,709.54 and the 200-day exponential moving average (EMA) at $2,437.55—indicating that the broader trend is still bearish. While bulls have managed to prevent further downside, Ethereum has yet to break out of its long-term downtrend. The failure to reclaim $2,000 as support continues to cap bullish momentum, and volume has remained modest during recent price action, showing a lack of conviction from both buyers and sellers. The structure currently favors accumulation, but ETH must decisively clear the $1,875–$2,000 resistance area to shift sentiment and validate a trend reversal. If it fails to do so, the risk of a renewed pullback toward the $1,650–$1,700 support zone increases. Related Reading: Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets Overall, Ethereum is at a pivotal stage. The longer it consolidates below major moving averages, the more likely the market remains cautious. A breakout above $2,000 could trigger renewed upside and signal broader market strength. Featured image from Dall-E, chart from TradingView

Ethereum price started a downside correction below the $1,850 zone. ETH is now consolidating and might drop further below the $1,785 support zone. Ethereum started a fresh decline below the $1,850 and $1,820 levels. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $1,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it breaks the $1,785 support level. Ethereum Price Struggles To Clear Resistance Ethereum price failed to clear the $1,880 resistance and started a downside correction, like Bitcoin. ETH declined below the $1,850 and $1,820 support levels. There was a move below the 50% Fib retracement level of the upward move from the $1,734 swing low to the $1,872 high. The bears even pushed the price below the $1,800 level, but the price found support near the $1,785 support level. Ethereum price is now trading below $1,800 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $1,830 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,830 level and the trend line. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,830 resistance, it could start a fresh decline. Initial support on the downside is near the $1,785 level and the 61.8% Fib retracement level of the upward move from the $1,734 swing low to the $1,872 high. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,685 support level in the near term. The next key support sits at $1,640. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,765 Major Resistance Level – $1,830

According to a recent CryptoQuant Quicktake post, Ethereum (ETH) accumulation addresses are continuing to stack ETH despite mounting unrealized losses. In the analysis, CryptoQuant contributor Carmelo Aleman noted that these addresses have increased their exposure to ETH, even as the asset trades well below recent highs. Ethereum Holders Are Staying Put Despite Unrealized Loss Since reaching its cycle high of $4,107 in December 2024, ETH has experienced a sharp pullback of over 50%, currently trading around the $1,800 mark. Despite this steep correction, long-term ETH holders – particularly those behind accumulation addresses – have not been deterred. Instead of exiting their positions, they continue to hold firm. Related Reading: Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights Interestingly, since March 10, on-chain data reveals that many of these accumulation addresses have entered unrealized loss territory. For context, ETH fell to a local low of $1,866 while its Realized Price stood at $2,026. For the uninitiated, an accumulation address is a crypto wallet that steadily receives and holds a particular asset – like Ethereum – without sending it out. These addresses are typically long-term holders, ones who have held ETH for more than 155 days.  When accumulation addresses continue to acquire assets in the face of declining prices, it often signals that investors expect a bullish reversal in the near future. These wallets essentially represent “strong hands” in the market. Similarly, Realized Price is the average price at which all coins in a cryptocurrency network were last moved, calculated by dividing the total realized market cap by the circulating supply. It reflects the aggregate cost basis of holders and is often used to assess whether the market is in profit or loss. Since March 10, the Realized Price for these addresses has dropped by 2.32%, from $2,026 to $1,980 as of May 3. Yet, rather than scaling back, these addresses have increased their ETH holdings significantly. Aleman adds: Despite the continued downtrend, and even while in unrealized losses, accumulating addresses have not abandoned their strategy. Instead, they increased their ETH exposure: on March 10 they held 15.5356M ETH, and by May 3 this rose to 19.0378M ETH, a 22.54% increase, as seen in the ETH Cohort analysis and Balance on Accumulation Addresses. Has ETH Hit Market Bottom? While some analysts warn that ETH could fall further – possibly to as low as $1,200 – others believe that the second-largest cryptocurrency by market cap may have already bottomed out for this cycle. Related Reading: Is Ethereum Repeating Its 2020 Trend Reversal? Analyst Predicts ETH To ‘Explode’ In Q2 2025 ​​Adding to the optimism, ETH recently formed a golden cross on the daily chart, a bullish technical signal that typically precedes upward momentum. As press time, ETH is trading at $1,801, down 1.4% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant and TradingView.com

Ethereum’s price action may have struggled to gain traction in recent weeks, but an interesting long-term macro indicator is showing signs of early recovery beneath the surface. Particularly, a macro trend oscillator created by a crypto analyst known as Decode on social media platform X has begun to exhibit signs of a turnaround after an unusually prolonged stretch of bearish run. If confirmed, this would mark the beginning of a new phase of strength for the second-largest cryptocurrency by market cap. Shallow Red Bars Begin Turning On Ethereum’s Multi-Timeframe Trend Analysis The oscillator’s monthly chart, overlaid with Ethereum’s price data on the monthly candlestick timeframe, clearly shows how deep and sustained the recent bearish momentum has been. The red histogram bars reflecting macro weakness persisted well beyond typical durations, highlighting the broader economic drag that has weighed on the crypto market.  Related Reading: Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000 Interestingly, January of this year briefly hinted at a return to bullish territory, but the green print turned out to be a false start and quickly faded as the cryptocurrency kicked off another downturn. However, the magnitude of recent red bars is notably shallower compared to downturns in 2023 and 2024.  This subtle shift is more apparent on the lower timeframes, particularly the 3-day chart, which shows a clean rejection from the negative territory and the formation of a small green bar before the current pullback. The analyst, Decode, interprets this as a possible early-stage turnaround. Once the oscillator turns green in a sustained fashion, a rapid upward move in Ethereum and broader crypto prices is likely to follow, following similar transitions in the past. Green Phase Will Dominate Soon Looking beyond crypto, Decode’s oscillator also tracks the S&P 500 and broader macro trends, where the same pattern holds: green phases are not only more prolonged but also steeper and more robust. This asymmetric distribution of momentum across time reflects the true bias of assets toward expansion over contraction. Decode noted that this is not merely an indicator with arbitrary thresholds but a fully integrated macroeconomic index built from 17 metrics. These include equities, bonds, commodities, currency flows, central bank liquidity (M2), and even sentiment data. Related Reading: Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion Translating this into Ethereum, this gradual shift toward the green zone is seen as a signal of incoming price strength. Although Ethereum has yet to fully recover from its recent correction to $1,400, the subtle but consistent improvement in Decode’s macro trend oscillator hints that the cryptocurrency may be entering into a fresh uptrend. Right now, the focus is on green bars printing consistently again, especially across multiple timeframes. At the time of writing, Ethereum is trading at $1,830. The last 24 hours have been marked by a brief break below $1,800 before bouncing at $1,785. This move caused liquidations of approximately $35.92 million in ETH positions, with long positions accounting for $28.38 million of that amount. Featured image from Getty Images, chart from Tradingview.com

After enduring months of aggressive selling pressure, Ethereum is finally showing signs of life. As bullish momentum slowly builds, hopes for a recovery rally are beginning to resurface. While ETH continues to trade below the key $2,000 mark, bulls are actively defending critical demand zones in an effort to reclaim lost ground and reestablish a bullish structure. Related Reading: Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets The market has been under stress for much of 2025, with Ethereum suffering extended drawdowns and repeated rejections at resistance. However, sentiment is shifting. Top analyst Ted Pillows recently shared a technical analysis noting that Ethereum has officially broken out of its downtrend for the first time since December 2024—an early sign that conditions could be improving. This breakout marks a key shift in structure and comes as trading volume starts to recover. Traders and investors are now watching closely to see if ETH can sustain its recent strength and push back above $2,000, which remains a major psychological and technical barrier. The next few days may prove critical, as Ethereum tests its newfound momentum in a still-uncertain macro environment. If bulls succeed, a broader altcoin rally could follow. Ethereum Consolidates As Bullish Momentum Begins to Build Ethereum is currently trading around the $1,800 level, consolidating in a narrow range after a prolonged period of downside pressure. While the broader market begins to heat up, ETH still lacks a clear directional move and remains over 55% below its December 2024 highs. Despite this, subtle shifts in structure suggest a potential trend change, especially in the lower time frames where early bullish patterns are beginning to emerge. The price action reflects a critical inflection point. Ethereum is hovering near major support zones, and bulls must now build enough momentum to break above key resistance levels if they want to regain control. So far, the consolidation has provided a base, but a definitive move has yet to materialize. The next leg—whether up or down—will likely be decisive for ETH’s near-term trend. Pillows recently shared a notable technical development: Ethereum has finally broken out of its downtrend for the first time since December 2024. Previous breakout attempts were rejected, but this time the breakout appears stronger and more sustained, supported by improving market sentiment and structure. Pillows believes it’s time for Ethereum to catch up to the broader market. While Bitcoin pushes toward new highs, ETH has lagged behind. If the current breakout holds, Ethereum could accelerate quickly and potentially retest key psychological levels above $2,000. The next few trading sessions will be critical for confirming this breakout’s validity and determining whether Ethereum is ready to lead the next phase of the crypto bull cycle. For now, all eyes remain on whether bulls can maintain momentum and turn this early strength into a sustained rally. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? Technical View: Bulls Struggle To Reclaim $2,000 Level Ethereum (ETH) is currently trading at $1,807.99, consolidating in a tight range after a sharp recovery from its April lows. The 4-hour chart shows ETH holding above both the 200-period simple moving average (SMA) at $1,700.49 and the 200-period exponential moving average (EMA) at $1,783.99—two key dynamic support levels that are now being retested as the asset tries to build bullish structure. While price action remains choppy, ETH appears to be forming a base above the $1,780 zone. The recent breakout above the downtrend line that defined price action since December 2024 is still intact, suggesting that Ethereum may be preparing for a larger move. Volume has decreased slightly during this consolidation phase, typical of a market waiting for a trigger. Related Reading: Cardano Whales Accumulated 410 Million ADA In April – Breakout Coming? Ethereum continues to trade well below the psychological $2,000 resistance, but short-term momentum is slowly favoring the bulls. A break above the $1,860–$1,880 range could clear the way for a push to retest $2,000. However, failure to hold the 200 EMA could send ETH back toward the $1,740–$1,700 demand zone. Featured image from Dall-E, chart from TradingView

Ethereum price started a fresh increase above the $1,800 zone. ETH is now correcting gains and trading below the $1,820 support zone. Ethereum remained strong above $1,750 and started a fresh increase The price is trading below $1,820 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,840 resistance zone. Ethereum Price Dips Ethereum price remained supported above the $1,750 zone and started another increase, like Bitcoin. ETH climbed above the $1,800 and $1,820 resistance levels to set the tone for a larger increase. The bulls even pushed the price above $1,865. A high was formed at $1,873 and the price recently started a downside correction. There was a move below the $1,820 and $1,800 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1,734 swing low to the $1,873 high. Ethereum price is now trading below $1,820 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,840 level. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,785 level and the 61.8% Fib retracement level of the upward move from the $1,734 swing low to the $1,873 high. The first major support sits near the $1,765 zone. A clear move below the $1,765 support might push the price toward the $1,735 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,765 Major Resistance Level – $1,840

The quick burst of bullish momentum in the crypto market in the closing weeks of April saw the Ethereum price close the month above $1,800. However, the altcoin failed to end the month in profit, making April its fourth consecutive month with a negative performance. According to the latest on-chain data, the Ethereum price seems to be sitting above a crucial support level, which could determine the altcoin’s trajectory over the next few weeks. ETH Price At Risk Of Falling To $1,772 In a May 3 post on the X platform, prominent crypto analyst Ali Martinez revealed that the price of Ethereum might be at a critical juncture that could decide its short-term future. Based on the latest on-chain data, the altcoin is at risk of falling to around $1,500 should it lose this support level in the coming days. This on-chain evaluation of the Ethereum price revolves around the average cost bases of several Ethereum investors. In crypto trading, cost-basis analysis determines a price level’s capacity to serve as support or resistance based on the volume of coins last acquired by investors in the region. Related Reading: Bitcoin Is Warming Up: Analyst Maps 3 Scenarios That Could Trigger the Next Big Rally As shown in the above chart, the size of the dot (green and red) represents and directly corresponds to the number of Ether tokens bought within a price region. The larger the circle, the higher the amount of tokens bought in and around the price zone, and the stronger the resistance or support level. According to data from IntoTheBlock, more than 6.36 million ETH tokens were purchased by 4.5 million addresses within the price range of $1,772 and $1,824 (at an average price of $1,799). As explained earlier, the high buying activity within this price zone has led to the formation of a major support level just beneath the current price. The Ethereum price is expected to bounce back when it falls to this level. The rationale behind this expectation is that when the ETH price returns to around $1,772, investors with their cost bases in and around this level are likely to defend their positions by buying more tokens, helping the price to stay afloat the support region. However, the highlighted chart shows that the price levels beneath the $1,772 support level have significantly less investor activity. This suggests that the Ethereum price could fall to around $1,500 without catching a break if $1,772 is breached. On the flip side, the price of ETH could travel to as high as $2,100 if this support level remains unbreached, as no significant resistance lies ahead. Ethereum Price At A Glance As of this writing, the ETH token is valued at around $1,830, reflecting an almost 1% increase in the past 24 hours. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? Featured image from iStock, chart from TradingView

Ethereum is trading at a critical juncture as broader market sentiment turns bullish. After weeks of stagnation and volatility, the second-largest cryptocurrency by market cap is attempting to solidify a bottom. Currently, ETH remains stuck in a tight range between $1,750 and $1,850—a zone that could soon determine its next major move. Bulls are in control of the short-term price action, but a breakout above resistance is essential to confirm a true trend reversal. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Daan shared a detailed breakdown revealing that Ethereum’s recent reclaim of the $1,750 level marks a meaningful shift in market dynamics. According to Daan, this is the first successful retake of a former support level since Ethereum lost the $4,000 zone in December. That event was a turning point in the bear cycle, and this move could be the start of a larger reversal if momentum holds. However, he cautions that failing to push forward from here could undermine the momentum already established. With the broader market heating up, Ethereum’s next move will likely have implications across the altcoin space. All eyes are now on whether ETH can maintain its strength and climb above the $1,850 mark in the coming sessions. Ethereum Trapped In Key Range As Bulls Struggle To Build Momentum Ethereum is currently trading around a pivotal zone, with bulls attempting to shift the trend but failing to establish a clear breakout. Despite signs of a potential reversal, ETH remains over 55% below its December highs, underscoring the uphill battle for sustained recovery. Price action has tightened between $1,750 and $1,850, forming a compressed structure that reflects both caution and anticipation in the market. On shorter timeframes, Ethereum is beginning to show early signs of bullish structure. Higher lows have emerged, suggesting that buyers are defending key levels. However, each push higher has met resistance, as selling pressure continues to cap upside potential. The broader environment remains fragile, with macroeconomic uncertainty and volatility across markets keeping investors cautious. Daan shared a technical insight emphasizing the importance of the recent $1,750 break. According to Daan, this is the first time ETH has reclaimed a previously lost support level since falling from $4,000 last December. This signals a potential shift in market dynamics. But he warns that holding and building from this point is essential as failure to continue higher could stall the rally and erase recent progress. The $1,750 to $2,100 range is now the critical zone to monitor. A decisive break above $2,100 could trigger a broader altcoin rally, while losing $1,750 may expose ETH to deeper corrections and renewed bearish pressure. Related Reading: Cardano Whales Accumulated 410 Million ADA In April – Breakout Coming? ETH Price Analysis: Breakout After Holding Key Levels Ethereum is currently trading at $1,833 and remains in a tight consolidation just below the $1,850 resistance level. As shown on the 4-hour chart, ETH has been steadily recovering since mid-April, forming higher lows while holding above both the 200-period EMA ($1,780) and SMA ($1,702). This structure suggests growing bullish momentum in the short term. The recent move above the 200 EMA and 200 SMA marks a significant shift in trend direction, as these levels previously acted as dynamic resistance throughout April. Now that ETH is trading above them, they may serve as strong support in the case of a pullback. However, price continues to face resistance near $1,850, a level that has rejected several intraday attempts to break higher. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? If bulls manage to clear this barrier, the next key level to watch is the psychological $2,000 mark. On the downside, failure to hold $1,800 could lead to renewed selling pressure and a possible drop toward the $1,700 zone. Volume has remained relatively low, which could suggest that a larger move is imminent. Featured image from Dall-E, chart from TradingView

Ethereum has recently regained bullish footing, climbing to $1,847 after dipping below $1,750 toward the end of April. This rebound follows a period of volatility, with price movements fluctuating between $1,740 and $1,847 over the past seven days. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Amid the uncertainties in the wider crypto market, Ethereum’s ability to reclaim higher ground appears to align with shifting investor behavior, especially on centralized exchanges, where a noticeable number of Ether have been withdrawn in the past seven days. $380M In ETH Pulled From Exchanges As Accumulation Trend Increases According to IntoTheBlock, the past week saw over $380 million worth of Ethereum withdrawn from centralized trading platforms. This net outflow shows an increasing wave of accumulation among crypto investors. These investors are moving their assets into self-custody, which is often a sign of long-term conviction.  The accompanying data chart underscores this momentum, highlighting five consecutive days of negative exchange netflows across aggregated platforms spanning 19 crypto exchanges. Notably, the last time these exchanges saw a positive inflow of Ethereum was on April 27, with $50 million worth of ETH. Interestingly, just 24 hours prior, these aggregated exchanges witnessed a negative 166.68 million worth of Ethereum flows. Such an exchange flow dynamic brings forth the idea that Ethereum investors may be preparing for a rally. Significant exchange outflows are known to precede notable bullish advances, and current the behavior mirrors previous price action where decreasing exchange balances acted as a precursor to sustained rallies. Notably, the current withdrawal trend coincides with the Ethereum price pushing back above the $1,800 mark. Image From X: IntoTheBlock Crucial Ethereum Support Zone At $1,770  The ongoing accumulation is further supported by crypto analyst Ali Martinez, who recently pointed out a crucial Ethereum support level. According to Martinez, the $1,770 region is currently the most significant level for Ethereum in the short term, citing data from IntoTheBlock’s “In/Out of the Money Around Price” model.  The In/Out of the Money Around Price model shows a high concentration of wallets (roughly 4.5 million addresses) having acquired 6.36 million ETH between $1,772 and $1,824. These holders are now “in the money” following Ethereum’s return to $1,845, which makes this zone a psychological stronghold. The implication of this support zone is clear. If Ethereum sustains above this demand cluster, the probability of further upward movement increases. However, any retracement below $1,770 could invalidate the current bullish structure and expose Ethereum to downside volatility.  Image From X: @ali_charts For now, the net flows from exchanges indicate that Ethereum might be able to hold its ground around this $1,770 level. The less Ethereum available on exchanges, the less selling pressure. On the other hand, the next resistance cluster to get above in the short term is at $1,881. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling At the time of writing, Ethereum is trading at $1,845, up by 1% in the past 24 hours.  Featured image from Unsplash, chart from TradingView

The Ethereum price could face another significant crash, as the machine learning algorithm, CoinCodex, predicts a sharp decline toward $1,500. After enduring four consecutive months of sideways trading and bearish closes, technical indicators and sentiment data are flashing warning signs of an impending correction in the coming weeks.   Ethereum Price Crash To $1,526 Incoming According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decline by 16.47% over the coming weeks, potentially reaching $1,526.06 by June 2, 2025. This bearish projection comes amidst a turbulent market cycle in which investor sentiment and confidence have wavered due to rising macroeconomic pressures and unexpected declines in Bitcoin.  Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Notably, Ethereum’s technical outlook continues to deteriorate as it just wrapped up its fourth consecutive monthly red candle. Cryptorank’s data shows that Ethereum experienced a dip of 1.27% in January, followed by sharper losses of 32.2% in February and 18.4% in March. The downtrend continued into April, with the cryptocurrency closing the month in red with another 1.58% decline.  Despite brief intra-month rallies that saw its value rise sharply, Ethereum has consistently failed to sustain gains, closing each month with rising selling pressure and leading the wider market drawdown. CoinCodex’s data further paints a grim picture, highlighting that the top altcoin has recorded 16 green days out of the last 30, signaling unstable market strength. Its price volatility, measured at 6.43%, also reflects a choppy market that lacks clear bullish conviction.  Moving forward, CoinCodex not only predicts that Ethereum could break down to $1,526 but also expects a steeper price crash to $1,447.96 by August 1, 2025. This would represent a decline of approximately 20.75% from current market prices. The machine learning algorithm has declared that broader market sentiment for ETH is currently bearish, implying that traders and investors still anticipate further corrections and limited upward momentum in the near term. Overall, this indicates a cautious outlook for Ethereum’s price prospects. CoinCodex Says Now Is A Bad Time To Buy ETH Given its bearish forecast for the Ethereum price, CoinCodex suggests that now may not be the best time to buy Ethereum. Interestingly, while investor sentiment remains cautious, the Fear and Greed index is at 65, reflecting a state of “Greed” and suggesting that market optimism may be outpacing the underlying bearish fundamentals.  Related Reading: Ethereum By End Of 2025: Why A Surge Over $4,000 Is Imminent Building on this, crypto whales are still buying ETH in droves, capitalizing on low prices despite the possibility of a continued downtrend. Recent reports reveal that a single whale purchased 30,000 ETH tokens worth approximately $54 million. With price momentum fading and macro uncertainty still high, ETH bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. According to CoinMarketCap’s data, the Ethereum price is currently trading at $1,827, marking a yearly decline of over 38%. Featured image from Unsplash, chart from Tradingview.com

Ethereum is trading just below the $2,000 mark, holding at critical levels as the broader market shows signs of recovery. After weeks of choppy price action and fading selling pressure, bulls are gradually regaining control, pushing ETH into a more bullish short-term structure. Momentum is building as Ethereum stabilizes above the $1,800 level, and technical indicators suggest a breakout may be forming. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? Adding to the growing optimism, on-chain data from IntoTheBlock shows a consistent flow of ETH out of centralized exchanges—an indicator often associated with accumulation and reduced sell-side pressure. Over the past week alone, net outflows have exceeded $380 million worth of Ethereum, reinforcing the view that investors are preparing for a move higher. Still, the key resistance at $2,000 remains a psychological and technical barrier. A confirmed push above this level could trigger a broader altcoin rally and signal the start of Ethereum’s next leg up. Until then, the market remains cautiously optimistic as bulls test the upper limits of this consolidation zone, looking for the momentum needed to escape it. Ethereum Faces Critical Test Amid Accumulation Trend Ethereum continues to face headwinds as it trades more than 55% below its December highs, hovering beneath the $2,000 resistance zone. While the broader crypto market shows signs of revival, ETH remains locked in a critical battle between supply overhead and renewed buying interest. The recent price structure shows some bullish development in lower time frames, as buyers attempt to build momentum. However, strong resistance levels still loom, and failure to break through could trigger a fresh move into lower demand zones around $1,700 or even $1,500. Despite these technical challenges, on-chain data paints a more encouraging picture. According to IntoTheBlock, centralized exchanges have seen net Ethereum outflows of roughly $380 million over the last seven days. This steady reduction in exchange-held ETH suggests a growing trend of accumulation, often interpreted as investors moving coins to cold storage rather than preparing to sell. This behavior typically reduces sell-side pressure and can lay the groundwork for more sustainable rallies. Market sentiment remains mixed. Some analysts argue that Ethereum is gearing up for a breakout, with shifting momentum hinting at an imminent surge. Others remain cautious, warning that macroeconomic uncertainty and fragile investor confidence could still pull ETH into a deeper correction. The coming days will be crucial in defining Ethereum’s trajectory. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus ETH Price Analysis: Testing Key Resistance Ethereum (ETH) is currently trading at $1,837 after several days of consolidation just below the $1,850 level. As seen in the daily chart, ETH has been attempting to form a short-term bullish structure after rebounding from April lows near $1,550. The price has steadily climbed but now faces significant resistance near $1,850—a level that has acted as both support and resistance in previous months. Volume has been relatively stable but not convincingly high, indicating that bulls are gaining control but lack strong momentum to break through. The 200-day Simple Moving Average (SMA) at $2,271 and the 200-day Exponential Moving Average (EMA) at $2,456 remain distant overhead targets. These levels represent key longer-term resistance, and reclaiming them would be a major bullish signal. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? For now, ETH must close decisively above $1,850 to validate this short-term trend reversal. A failure to do so may result in another retest of support around $1,700 or even lower, particularly if broader market sentiment shifts. However, the price holding above recent swing lows and forming higher lows signals that bullish pressure is building gradually. A breakout above $1,850 would open the door to a move toward the $2,000–$2,200 zone. Featured image from Dall-E, chart from TradingView

Ethereum has been holding steady above the $1,800 level despite multiple failed attempts to break higher. The current price action signals a potential shift, with volatility compressing and momentum building for a major move in either direction. After months of selling pressure and weak performance relative to Bitcoin, analysts now believe ETH is approaching a critical inflection point. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence Top analyst Ted Pillows shared a key technical observation, highlighting the formation of a long-legged Doji candle on Ethereum’s monthly timeframe. This type of candle typically reflects intense market indecision, where both bulls and bears tested the extremes, but neither side gained clear control by the close. It’s often seen near major turning points, especially after prolonged downtrends or consolidations. If Ethereum can reclaim the $2,000 level in the coming sessions, it would confirm bullish intent and open the door to a stronger rally. On the other hand, failure to hold above $1,750 could trigger renewed downside pressure, possibly retesting deeper support zones. For now, ETH remains trapped in a tight range, but the technical setup and market structure suggest that a decisive breakout could soon define Ethereum’s path for the weeks ahead. Ethereum Key Resistance Levels Limit Upside Ethereum has been trading below the $2,000 level since late March, and this prolonged consolidation signals a market still searching for direction. Despite bouncing from local lows, ETH remains over 55% down from its December highs, reflecting the broader weakness in the altcoin market. Bulls have managed to hold the $1,800 level, but a sustained breakout above supply-heavy zones like $2,000–$2,100 is required to confirm any meaningful reversal. In the short term, Ethereum has started to build a more bullish structure, with higher lows forming across intraday charts. This suggests that bulls are gradually reclaiming control, though the pressure from sellers remains strong. Volume continues to thin out during upward moves, and without a decisive breakout, price may continue to chop sideways or revisit lower support zones near $1,700 or $1,550. Market sentiment is cautiously optimistic, with analysts closely watching technical signals for confirmation. Pillows pointed out that ETH recently formed a long-legged Doji candle on the monthly chart—a rare formation that often signals market indecision or the beginning of a trend reversal. If this candle marks a turning point, Ethereum may be preparing for a breakout. However, until bulls reclaim key resistance, the risk of a move into lower demand zones remains very real. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? ETH Price Consolidates as Bulls Eye Breakout Ethereum is currently trading at $1,830, holding firm after several days of tight consolidation between $1,750 and $1,850. This narrow range has defined recent price action, as bulls and bears remain locked in a standoff near key resistance. For bulls to maintain control and confirm a reversal structure, a decisive breakout above the $1,850 level is critical. Reclaiming the $2,000 zone would likely spark renewed buying momentum and shift short-term sentiment in favor of the upside. However, the longer ETH stays capped below resistance, the greater the risk of a breakdown. If bulls fail to push above the $1,850 level soon, selling pressure may intensify. A loss of support at $1,750 could open the door for a move back toward the $1,700 zone. Further weakness from there could drag ETH down to retest the $1,500 level, where demand previously stepped in. Related Reading: Solana Monthly Candle Reclaims Key Levels – Is $240 The Next Target? With macroeconomic uncertainty still weighing on markets and Ethereum underperforming relative to Bitcoin, traders are watching closely for a decisive move. Until then, ETH remains trapped in a tight range where momentum is building, and a breakout or breakdown is likely just around the corner. Featured image from Dall-E, chart from TradingView

The market’s largest cryptocurrency, Bitcoin (BTC), is once again nearing the $100,000 milestone, following a significant rally that has seen the cryptocurrency reach its highest price since late February.  After experiencing downward pressure attributed to Donald Trump’s tariff policies, which triggered a sell-off across both the stock and digital asset markets, Bitcoin’s resurgence showcases a renewed bullish appetite among investors. Bitcoin Rebounds With $3.2 Billion In ETF Inflows To close the first quarter of the year, Bitcoin faced a steep decline, dropping as much as 30% toward $74,000 after hitting a record high of approximately $109,000 on January 20, coinciding with Trump’s second inauguration as President of the United States.  However, the market has seen Bitcoin climb as much as 3.1% to reach a weekly high of $97,483, marking the highest level since February 21. The last time Bitcoin crossed the $100,000 threshold was on February 7.  Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares This upward movement comes amid a shift in market dynamics, particularly in the spot markets, where demand has increased. This suggests a transition towards momentum trading, rather than the previous trend driven primarily by macroeconomic factors such as inflation and tariffs. Exchange-traded funds (ETFs) tracking Bitcoin and Ethereum (ETH) have attracted significant inflows, with over $3.2 billion entering the market last week alone. Notably, BlackRock’s Bitcoin Trust ETF (IBIT) recorded nearly $1.5 billion in inflows, marking its highest weekly intake for the year, according to data from Bloomberg. ETH Eyes Recovery Toward $2,000 Demand for upside options has also surged in the market, with call options at the $100,000 strike price exhibiting the most open interest across various expiration dates, according to Coinglass and data from the largest crypto options exchange, Deribit. “Market sentiment has broadly shifted in favor of momentum-based trades fueled by spot demand, as BTC breaches levels not seen since early February,” stated Chris Newhouse, director of research at Ergonia, a decentralized finance (DeFi) trading firm.  “BTC continues to shift between correlations with gold and equities, highlighting a more nuanced relationship with macroeconomic factors balanced by short-term momentum and spot demand,” Newhouse further told Bloomberg. Related Reading: XRP Price Macro Channel Breakout That Puts Targets At $17-$55 Ethereum, on the other hand, has shown a steady recovery over the past week, reinforcing its status as a key player in the decentralized finance sector and smart contract platforms, and regaining the foothold lost in the first quarter of the year. Improvements from Ethereum’s scalability upgrades, including the transition to Ethereum 2.0, have boosted performance and made the platform more attractive to developers and users. However, this has not translated into year-to-date gains for the second largest cryptocurrency compared to its peers, with losses of up to 36% over the period. Despite this, the price of ETH has seen a 14% surge in the fourteen day time frame, regaining the $1,800 level as a key support to boost the potential for further recovery towards $2,000. Featured image from DALL-E, chart from TradingView.com

As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new all-time high (ATH) this cycle. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years – Report Ethereum Closes April In Red Over the past week, Ethereum has attempted to reclaim the $1,800 mark, hovering between the $1,770-$1,820 price range. In the past 24 hours, the cryptocurrency has seen a 5.5% jump, breaking above the key resistance and last week’s high of $1,850. Amid this price action, ETH retested the $1,860-$1,870 range for the first time in one month, and closed April just 1.56% below in opening price. Nonetheless, Ethereum’s negative monthly close marked the fifth consecutive month in the red for the cryptocurrency. The king of Altcoins has been recording monthly negative returns since December, its worst-performing streak since 2018, and closed the first quarter of 2025 with a 45.4% retracement. Analyst Carl Runefelt noted this performance, noting that “the good news is that historically, May is the most positive month of the year for ETH.” In general, it has been one of the best-performing months for Ethereum, registering an average 27.31% increase in May. Additionally, the second quarter has been a positive period for cryptocurrency, closing Q2 in the green seven out of nine times. Despite its negative April close, Ethereum registers a mild 2.15% positive return this quarter so far, which could suggest that the cryptocurrency could continue its current performance if history repeats. Another market watcher considers that ETH’s price is displaying a similar performance to Bitcoin’s (BTC) 2020 rally. At the time, “Bitcoin consolidated at $8K… Most ignored it. Then it hit $64K.” According to Merlijn The Trader, “Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading.” However, this would suggest another pullback could come before a new ATH. ETH To Skip ATH Rally This Cycle? Meanwhile, analyst Crypto Bullet offered a not-so-bullish macro perspective. According to his post, the Ethereum mid-term correction is over after taking out the August-October 2023 lows, printing a “giant reversal candle,” and holding the mid-line of the multi-year descending Channel. Based on this, he argues that ETH’s bottom is in, and a significant mid-term bounce will likely occur in the next few months, with a first target of $2,500. Crypto Bullet noted that the surge could be either a Dead Cat bounce or the start of a new ATH rally, adding that it could be the former due to the cryptocurrency’s weak performance and how advanced the cycle is. In that case, Ethereum could face a potential rejection at the $2,700-$3,000 range, but a bullish rally could start if it breaks through the $3,000 resistance and breaks out of the multi-year channel. Related Reading: Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level However, he also suggested that Ethereum could be “in a bigger cycle than we all think,” resembling cryptocurrencies in a “one cycle behind” performance. In a previous analysis, Crypto Bullet discussed the potential of ETH not hitting an ATH this cycle, noting XRP’s performance in 2021. “So what if ETH cycle top is in and it’s gonna print a giant Accumulation Structure (a Triangle or a Zigzag) and break out of it, say, in 2028?” he questioned, concluding that investors would accumulate more energy for a breakout, and the targets would be significantly higher. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum continues its recovery phase, with the asset now trading above $1,800 after gaining approximately 15.3% over the past two weeks. Despite concerns from investors and a drop in public enthusiasm, ETH seems to have shown resilience.. The asset’s latest movement reflects renewed buying interest, and some on-chain indicators are pointing to potentially bullish momentum ahead. One of those indicators involves the supply of ETH on exchanges. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? Declining Exchange Supply Signals Reduced Selling Pressure A recent analysis by Amr Taha, a contributor to CryptoQuant’s QuickTake platform, points to a significant decline in Ethereum’s Exchange Supply Ratio on Binance — a metric that tracks the amount of ETH held on the platform relative to its circulating supply. According to Taha, this ratio has now reached a multi-week low, signaling that more Ethereum is being pulled off Binance, potentially to cold storage or decentralized finance (DeFi) protocols. Taha explains that this decline in the exchange supply ratio historically indicates reduced sell-side pressure, as users often withdraw assets when they plan to hold or deploy them in alternative protocols rather than sell. The development is particularly notable on Binance, which remains the largest crypto exchange by volume and liquidity. As such, changes in its ETH reserves can often reflect broader market sentiment shifts. To illustrate this trend, Taha points to a similar case in April, when a sharp reduction in ETH’s exchange supply on Binance was followed by a price rally from below $1,700 to roughly $1,950, a 14% move within days. The analyst suggests the current pattern may be setting the stage for a similar development, especially given what’s happening on the derivatives side of the market. Ethereum Short Squeeze Setup Emerges Around $1,900–$2,000 Heatmaps tracking liquidations indicate the presence of a growing cluster of short positions between $1,900 and $2,000. According to Taha, this layer of aggressive short interest creates a zone of potential upward price movement if those positions are forced to close in a short squeeze. Particularly, if ETH climbs into that range, the resulting liquidations could amplify upward momentum. In this scenario, the cost to move ETH’s price higher decreases as the available supply on exchanges continues to decline. Related Reading: Ethereum Price Nears Launch Point — Can It Break Free This Time? Taha notes that the combination of falling exchange balances and rising short interest creates favorable conditions for what he describes as a “liquidity hunt” — a situation where price is pushed to trigger liquidations and capitalize on trapped positions. With ETH’s current price momentum and the reduction in sell-side resistance, the $1,900 to $2,000 range is increasingly becoming a focal point. Featured image created with DALL-E, Chart from TradingView

Ethereum price started a fresh increase above the $1,750 zone. ETH is now rising and might aim for a move above the $1,880 resistance zone. Ethereum remained strong above $1,720 and started a fresh increase The price is trading above $1,800 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $1,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,880 resistance zone. Ethereum Price Gains Momentum Ethereum price remained supported above the $1,720 zone and started another increase, like Bitcoin. ETH climbed above the $1,780 and $1,800 resistance levels to set the tone for a larger increase. The bulls even pushed the price above $1,850. A high was formed at $1,872 and the price is now consolidating gains. There was a minor decline and the price tested the 23.6% Fib retracement level of the upward move from the $1,733 swing low to the $1,872 high. Ethereum price is now trading above $1,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. There is also a short-term contracting triangle forming with resistance at $1,860 on the hourly chart of ETH/USD. The next key resistance is near the $1,880 level. The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,880 resistance, it could start a fresh decline. Initial support on the downside is near the $1,840 level. The first major support sits near the $1,800 zone and the 50% Fib retracement level of the upward move from the $1,733 swing low to the $1,872 high. A clear move below the $1,800 support might push the price toward the $1,765 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,800 Major Resistance Level – $1,880

Ethereum is currently trading above the $1,800 mark but continues to struggle with reclaiming higher levels. After a modest recovery in recent weeks, ETH—along with the broader crypto market—is facing a critical resistance zone that could either spark a breakout rally or lead to deeper consolidation. Bulls must break through the $1,850–$2,000 region to confirm renewed momentum, but macroeconomic headwinds are making that task more difficult. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? Persistent uncertainty surrounding US-China trade tensions and global economic slowdowns continues to weigh on investor sentiment. While risk assets have shown signs of resilience, the environment remains volatile and sensitive to geopolitical developments. Within this context, large holders appear to be taking a cautious approach. According to data from CryptoQuant, whales took advantage of Ethereum’s recent price surge, offloading 262,000 ETH—worth approximately $445 million—over the past several days. This significant wave of selling suggests profit-taking activity from major players, which could temporarily cap upside potential. If the market fails to absorb this supply efficiently, further pressure could follow. Ethereum at a Crossroads As Whale Activity Sparks Caution Ethereum continues to struggle in reclaiming bullish momentum after losing over 55% of its value from the December highs. Despite recent attempts at recovery, ETH remains under pressure and trades below critical resistance levels, keeping the broader market cautious. Currently hovering just above the $1,800 mark, Ethereum is testing a pivotal zone that could shape its short-term trajectory. On lower time frames, ETH is beginning to form a more constructive structure, suggesting that bullish momentum may be building. Bulls are aiming to reclaim key supply zones between $1,850 and $2,000, a move that would mark a shift in market dynamics. However, heavy selling pressure still looms. Analysts are watching closely to see if Ethereum can sustain higher lows and push toward breakout levels. Yet, not everyone is convinced of a bullish continuation. Top analyst Ali Martinez recently shared data showing that whales sold approximately 262,000 ETH—worth nearly $445 million—during the latest price surge. This selloff implies that larger players may be preparing for increased volatility or a potential pullback, which could stall any short-term rally attempts. If Ethereum fails to push above immediate resistance and absorb ongoing selling pressure, it risks falling back into lower demand zones between $1,500 and $1,600. For now, holding above $1,750 is essential to keep the bullish scenario alive. With macroeconomic uncertainty and market-wide indecision still in play, Ethereum remains in a delicate balance—poised either for a significant breakout or a renewed correction. Related Reading: Ethereum Consolidates Against Bitcoin – Dominance Shift On The Horizon? Ethereum Price Tests Patience as Tight Range Persists Ethereum is currently trading at $1,810, caught in a narrow band between $1,850 and $1,750. This tight consolidation has lasted for several days, and the market is now awaiting a decisive breakout to set the tone for the next major move. Bulls must reclaim higher levels to confirm a breakout and validate the recent momentum shift that began earlier this month. The $1,850 resistance has capped recent attempts to move higher, and each rejection near this level adds pressure. A confirmed breakout above this level would likely trigger increased buying activity, pushing ETH toward the critical $2,000–$2,100 supply zone. This range remains the key area for bulls to reclaim in order to establish a strong uptrend and shift broader sentiment. However, the risk of rejection remains. If ETH fails to break above $1,850 or sustains a fakeout, a correction toward the lower end of the range is expected. A decisive breakdown below $1,750 could trigger a deeper retrace, targeting support near $1,600 or lower. Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? With macroeconomic uncertainty still in play, Ethereum’s next move will likely set the tone for the broader altcoin market in the weeks ahead. Patience is running thin—volatility is coming.

Ethereum price started a fresh increase from the $1,735 zone. ETH is now rising and might aim for a move above the $1,840 resistance zone. Ethereum remained strong above $1,720 and started a fresh increase The price is trading above $1,780 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,840 resistance zone. Ethereum Price Eyes More Upsides Ethereum price corrected gains from the $1,840 zone, like Bitcoin. ETH dipped below the $1,800 and $1,780 level but remained in range. A low was formed at $1,733 and the price started a fresh increase. There was a move above the $1,780 and $1,800 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $1,842 swing high to the $1,733 low. Besides, there was a break above a key bearish trend line with resistance at $1,800 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,815 level and the 76.4% Fib retracement level of the downward move from the $1,842 swing high to the $1,733 low. The next key resistance is near the $1,840 level. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,840 resistance, it could start a fresh decline. Initial support on the downside is near the $1,785 level. The first major support sits near the $1,760 zone. A clear move below the $1,760 support might push the price toward the $1,735 support. Any more losses might send the price toward the $1,650 support level in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,785 Major Resistance Level – $1,840

New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment.  Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics platform, Lookonchain, has identified a notable increase in Ethereum accumulation, largely driven by institutional whales. Over the course of three hours, a wallet address reportedly associated with the trading firm Cumberland DRW withdrew a staggering 27,632 ETH, worth approximately $50.24 million. This transfer was made from major exchanges, including Coinbase, Copper and Binance. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The wallet’s activity involved multiple high-value transfers, such as a 7,600 ETH withdrawal worth $13.83 million from Coinbase, a 5,992 ETH withdrawal worth $10.92 million from Copper and Binance, and an additional 5,960 ETH transfer valued at $10.88 million from Copper.  Notably, the receiving wallet, 0ex287AA111…, was consistently used across all transactions, suggesting coordinated accumulation rather than a typical trading activity. Historically, large-scale withdrawals from Ethereum exchanges have preceded price surges, as they significantly reduce sell-side liquidity and indicate a longer-term holding pattern by investors.  Amid this growing institutional accumulation, the Ethereum CrossX Indicator, as noted by Ezy Bitcoin on X, has recently flashed a strong buy signal. This reinforces the notion that institutional interest is rising, signaling an increase in demand and potentially setting the stage for further upward price movement.  Ethereum CrossX Indicator Suggests $4,000 Surge Ahead Shedding more light on Ezy Bitcoin’s report, the CrossX indicator, which officially triggered a buy signal for Ethereum, is signaling a potential surge above $4,000 for the altcoin’s price. The market expert highlights that this is the first signal seen in nearly six months and, historically, has often preceded significant price action and explosive moves.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why The CrossX Indicator, a tool used to detect high-probability trend reversals based on volume, price action, and divergence patterns, has shown remarkable accuracy in past cycles. As seen in the analyst’s weekly chart, previous buy signals were followed by rallies that took ETH to new local highs. Now, with Ethereum’s price rebounding off recent lows and a fresh Bullish Divergence in place, the same rally pattern may be unfolding again. If history repeats, ETH could be gearing up for a run beyond $3,000, with the possibility of testing the $4,200 range by year’s end.  According to CoinMarketCap’s data, Ethereum is currently trading at $1,803, reflecting a yearly decline of 43.10%. A potential rise to $4,200 would represent a staggering 132.95% increase, bringing Ethereum (ETH) closer to its present all-time high of over $4,800. Featured image from Adobe Stock, chart from Tradingview.com

Cardano has surpassed Ethereum in central developer activity, a dramatic turn that disputes its long-held status as a “ghost chain.” The development has kindled fresh optimism among investors that Cardano’s price may soon experience significant increases. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Developer Numbers Reflect Shocking Flip According to data platform Cryptometheus, Cardano now ranks first in blockchain development with 21,439 GitHub commits over the past 12 months. These commits span 550 core repositories, putting Cardano ahead of Ethereum’s 20,962 commits during the same period. The data indicates activity in 12 fundamental Cardano projects, with the wider ecosystem demonstrating activity in 36 projects. This wave of developments has driven activity in 4,276 GitHub repositories, offering tangible proof to counter accusations that Cardano is not being utilized in the real world. Ethereum Faces Increased Competition Ethereum’s ranking in second place is what some refer to as an “underwhelming year” for the network. The network lagging behind in terms of developer numbers comes as Cardano founder Charles Hoskinson speculates that Ethereum will collapse by 2040. Hoskinson cites several reasons for his prediction: old tech, layer 2 solution fragmentation, and declining developer participation. This criticism comes at a sensitive moment since Ethereum is also struggling with Internet Computer, which is currently ranking third in developer activity. The Ethereum Foundation has set out a new vision for scaling its layer 1 capabilities, which could reverse the trend of developer disengagement. Price Predictions Follow Development Success Cardano’s cryptocurrency, ADA, is currently trading at $0.69 and seems to be maintaining crucial support levels. This steadiness, coupled with the uptick in developer activity, has prompted analysts to forecast substantial price increases. Crypto analyst “Token Talk” proposes ADA might observe a 100% jump to $1.20-$1.30 within the existing market cycle. Looking further down the line, the analyst estimates a possible value of $10 by 2029. $ADA sideways around $0.70, but holding key support! ???? Analysts eye potential 100% recovery to $1.20-$1.30. Long-term bullish case for $10 by 2029! #Cardano #ADA #Crypto #Bullish pic.twitter.com/tUeVXJaRlM — Token Talk (@TokenTalk3x) April 29, 2025   Technical indicators are also supportive of shorter-term optimism. The golden cross pattern has traders looking for the $1 level, with around $20 million of ADA having just transferred off exchanges recently – widely regarded as a bullish sign. Related Reading: Bold Call: Bitcoin Could Soar To $210K This Year, Says Research Chief Strategic Partnerships Fuel Ecosystem Growth Cardano is making efforts to expand its ecosystem with strategic alliances, such as an upcoming integration with XRP for its Lace Wallet. As reported, the alliance is intended to establish mutual gains for both blockchain networks. The alliance will look to improve price performance for both tokens as well as increase the real-world uses of their respective ecosystems. The move is consistent with Cardano’s overall effort to drive up adoption and use on its platform. For Cardano enthusiasts, the convergence of top developer metrics, strategic collaborations, and upward price indicators portends that the project might be finally shaking off its “ghost chain” stigma. Featured image from Techbuild Africa, chart from TradingView

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOL’s next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the “next support level below at around $136,” which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a “textbook-perfect cup and handle pattern,” which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solana’s short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, “SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4,” based on its utility and demand. “It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand,” he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level “a strong hold.” He highlighted that Solana’s uptrend “is only getting started” after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com