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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

Ethereum price started a downside correction from the $1,850 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820. Ethereum started a downside correction and traded below the $1,800 level. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,850 resistance zone. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $1,745 level and started a fresh increase, like Bitcoin. ETH climbed back above the $1,800 resistance level before the bears appeared. A high was formed at $1,842 and the price corrected some gains. There was a move below the $1,820 level. The price dipped below the 50% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high. However, the bulls remained active near the $1,780 level and the 61.8% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high. Ethereum price is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,810 level. The next key resistance is near the $1,820 level. There is also a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD. 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 $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,620 support. Any more losses might send the price toward the $1,600 support level in the near term. The next key support sits at $1,550. 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 – $1,780 Major Resistance Level – $1,850

Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a technical analyst pointing to $1,500 as the zone where buyers have regained control, and a break above $4,000. Ethereum Structure Break And The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent technical breakdown of Ethereum’s weekly candlestick chart, noted that buyers have successfully initiated a clean market structure break just above the $1,500 zone. Earlier this month, Ethereum briefly dropped as low as $1,415, a level that initially appeared to signal further downside. However, what followed was a sharp reaction from bullish traders who aggressively accumulated during that dip, effectively neutralizing the intense selling pressure that had driven the price down. Related Reading: Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion This influx of buyer interest not only prevented a deeper breakdown but also laid the groundwork for a notable structural shift in market behavior. Since then, Ethereum’s price has exhibited signs of strength, consistently finding support during minor retracements around the $1,500 region. This repeated defense of support led to the formation of a market structure break, which is a technical formation that often signals a transition from bearish to bullish price action. Interestingly, this structure break has seen the Ethereum price edge slowly upwards. This is a notable change, especially as the price is now climbing toward the $1,900 resistance region —a range that also aligns with the 50-week moving average and serves as a gateway to further upside. Breaking and closing above this level on the weekly timeframe could provide the necessary momentum for Ethereum to pursue higher targets, potentially signaling the beginning of a broader recovery trend.  If bulls manage to secure an Ethereum break above $1,900, it could unlock a path to multiple upside levels outlined in SwallowAcademy’s analysis, with $2,800 and $4,400 as realistic medium-term targets. FVG Fill, EMA Retest, And Why $4,400 May Be In Play A closer look at the daily chart reveals a significant fair value gap (FVG) between $1,900 and $2,800, coinciding with a cluster of exponential moving averages that have yet to be retested. According to the analyst, filling this FVG is a “must-have” condition for a smoother and more sustainable rally, especially if Ethereum is to avoid the type of choppy behavior that plagued its price action in the first quarter of 2025. Related Reading: Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 Considering the current momentum, Ethereum can easily close above the resistance at $1,900 on the daily timeframe. If sustained, this momentum should be sufficient to close above $1,900 on the weekly timeframe, fill the FVG, and surpass $2,800, which would then confirm the run to $4,000 on the weekly timeframe. Other price targets highlighted are at $2,300, $4,000, and $4,900. At the time of writing, Ethereum is trading at $1,830. Featured image from Pixabay, chart from Tradingview.com

Ethereum is currently trading above the $1,800 mark, holding strong after weeks of volatility but struggling to reclaim the critical $2,000 resistance level. Bulls have managed to push prices higher, yet momentum must continue building for a full breakout. Analysts are closely watching Ethereum’s movements, noting that the market is preparing for a decisive move that could shape the coming weeks. Global macroeconomic tensions remain a challenge, but optimism is growing across crypto markets. Related Reading: Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750? Top analyst Daan shared insights revealing that ETH is still consolidating within its current range against Bitcoin (BTC). According to his analysis, he’s watching the local range high around the 0.02 BTC level closely. A successful break above this key range could signal a major shift in market dynamics, potentially sparking a multi-week decline in Bitcoin dominance led by Ethereum. This would likely trigger an increased risk appetite toward altcoins, as investors rotate capital away from Bitcoin and into higher-risk assets. For now, Ethereum continues to move within its range, and bulls must act fast to reclaim momentum. If ETH can push through these resistance levels, the stage would be set for a major rally across the altcoin sector, with Ethereum leading the charge. Ethereum Battles Resistance As Bulls Aim For Breakout Against BTC Ethereum is trading at a critical level, and all eyes are on whether bulls can reclaim higher supply zones to confirm a bullish reversal. After recovering strongly from local lows, ETH has begun forming a bullish structure in low time frames. However, persistent selling pressure still threatens to invalidate this structure unless buyers step in with strength. Momentum has shifted, and many analysts expect a decisive move soon—but there’s also caution, with some warning that a failed breakout could drag Ethereum back to the $1,500–$1,600 demand zone. Daan shared a key perspective on Ethereum’s performance relative to Bitcoin. He noted that ETH/BTC is still consolidating within a defined range, with the local range high near 0.02 BTC acting as the most important resistance. A successful breakout above this level would likely trigger renewed interest in altcoins and could mark the start of a Bitcoin dominance downtrend led by ETH. According to Daan, such a move would increase risk appetite across the board. However, he also warns that if ETH loses the 0.0185 BTC level, it could confirm a continuation of the current downtrend. For now, Daan is closely watching how the range develops. A confirmed breakout followed by a structure flip would offer a much clearer bullish signal. Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? Ethereum Consolidates As Bulls Eye Critical Breakout Ethereum is trading at $1,830 after spending several days consolidating within a tight range between $1,850 and $1,750. This narrow trading channel has kept price action muted, but it also signals that a decisive move could be approaching. Analysts agree that whichever side breaks out first will likely set the tone for Ethereum’s price action over the coming weeks. Bulls have managed to defend the $1,750 support multiple times, but their real challenge lies ahead: reclaiming the $2,100–$2,000 zone. This range is seen as critical for reversing the broader downtrend and establishing a more sustainable recovery rally. A strong breakout and daily close above $1,850 would be an encouraging signal, but failure to follow through could quickly lead to another leg down. Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? On the bearish side, if Ethereum fails to hold the $1,800–$1,750 range and experiences a false breakout above $1,850, it could trigger a deeper correction toward the $1,600 or even $1,500 level. Traders and investors are watching closely, as the coming days could mark a major turning point for Ethereum’s medium-term structure. Featured image from Dall-E, chart from TradingView

An analyst has suggested that Monero (XMR) could repeat its 2021 cycle-high amid its recent price jump. However, a renowned on-chain sleuth has linked the surge to suspicious Bitcoin (BTC) transactions. Related Reading: XRP Price Shoots For 20% Surge To $2.51 Amid Pullback To Breakout Zone Monero Soars After $330 Million BTC Theft Privacy and security-focused token Monero saw its price soar 52% to a four-year high on Monday. The cryptocurrency surged from its recently reclaimed $220-$230 support toward the $340 resistance, hitting $347 in the early hours of Monday. Amid the massive surge, on-chain detective ZachXBT has linked the pump to a “suspicious transfer” from a potential victim of social engineering. The crypto sleuth explained that a suspicious transfer of 3,520 BTC, worth around $330.7 million, was made on Sunday night. According to the post, the funds were laundered via more than 6 instant exchanges shortly after the initial transfer, being swapped for XMR, seemingly based on timing analysis and the Monero price jump. An X user suggested the stolen Bitcoin was “likely from the Bitstamp hack that occurred in 2014.” The internet detective denied the idea, stating that the victim was likely an OG Bitcoiner. Meanwhile, others questioned whether the wallet owner made the transactions or if it was a theft. ZachXBT detailed multiple factors that led him to believe it was likely a theft, including the wallet being a longtime BTC holder and a Gemini, River, and Coinbase user. Additionally, he noted that the $330 million in Bitcoin was suddenly moved and transferred in small increments to instant exchanges, creating hundreds of orders. This would make the owner lose multiple 7-figures to fees, making it inefficient for a normal person. The crypto sleuth also considers that the theft isn’t likely related to North Korea’s Lazarus Group, which recently stole $1.5 billion worth of Ethereum (ETH) from crypto exchange Bybit. Is XMR Near A Breakout? Since the pump, Monero has retraced around 25% from today’s high to trade between the $250-$260 range. Crypto analyst Rekt Capital noted that XMR has successfully retested its $214 range’s low as support amid the market recovery. Notably, the cryptocurrency has been moving within the $112-$214 price range since 2022, surging above the range’s resistance line amid the November post-US elections breakout. After the Q3 2024 rally, Monero entered its key $214-286 range, which has previously worked as a key support and resistance area. After breaking out of the range’s upper boundary, the cryptocurrency rallied to its 2018 all-time high (ATH) of $542 and its 2021 high of $480. During the Q1 2025 retraces, the XMR dropped below the $214 mark, testing the $200 area as support before bouncing. Similarly, the early April pullback sent the cryptocurrency toward this level, finally reclaiming it two weeks ago. Since then, the cryptocurrency has rallied toward the $220-$230 range, fueled by the ongoing market recovery, but was ultimately rejected at the key resistance level. Today’s recent pump has seen Monero break above the $230 mark for the first time since February. Related Reading: Cardano (ADA) Bulls Push for Breakout — Is a Sharp Rally Next? Despite the alleged laundering-driven surge, the analyst affirmed that the cryptocurrency has now “repeated early 2021 history,” where the token reclaimed its current range and retested its lower boundary before breaking out to cycle highs. If history repeats and XMR’s price holds its current range, it could position itself for a surge above the $300 barrier. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a downside correction below the $1,780 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820. Ethereum started a downside correction and traded below the $1,765 level. The price is trading above $1,770 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,815 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,820 resistance zone. Ethereum Price Eyes Fresh Gains Ethereum price remained stable above the $1,725 level and started a fresh increase, like Bitcoin. ETH traded as low as $1,746 and climbed back above the $1,770 resistance level. There was a move above the 23.6% Fib retracement level of the downward move from the $1,857 swing high to the $1,746 low. The bulls even pushed the price toward the $1,800 resistance. However, there was no close above the $1,800 resistance. The price was rejected near the 50% Fib retracement level of the downward move from the $1,857 swing high to the $1,746 low. There is also a connecting bearish trend line forming with resistance at $1,815 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,770 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,800 level. The next key resistance is near the $1,820 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 $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,770 level. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. 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 – $1,770 Major Resistance Level – $1,820

Ethereum is now facing a critical test as it trades within a tight range, sitting below the $1,850 resistance and above the $1,750 support. After a strong recovery from the $1,400 level earlier this month, bulls have managed to stabilize price action, but the real challenge is now unfolding. To confirm a sustainable bullish structure, Ethereum must decisively reclaim the $2,000 level in the coming days. Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? Market sentiment remains cautious as Ethereum consolidates below resistance while macroeconomic uncertainty continues to weigh on risk assets. Top crypto analyst Big Cheds shared insights on X, highlighting a technical concern: Ethereum is displaying a 4-hour bear divergence on the On-Balance Volume (OBV) indicator, along with an upper shadow structure. With volatility expected to rise and traders closely watching for a breakout or breakdown, the coming sessions could define Ethereum’s trend for the next several weeks. Bulls need to act quickly to maintain momentum and prevent bears from regaining control. Ethereum Battles Resistance As Bulls Try To Keep Control Ethereum is starting to show early signs of a bullish structure on low time frames, giving bulls hope for a broader recovery. After pushing from the $1,400 local low, ETH has managed to hold above key moving averages and consolidate within a tight range. However, the market remains highly cautious, and selling pressure could increase quickly if bulls fail to reclaim higher levels. Momentum has shifted in Ethereum’s favor over the past few days, and several analysts are calling for a potential massive breakout if key resistance levels are breached. A confirmed breakout above $1,850 could open the door for a swift move back to the $2,000 psychological level. Nevertheless, risks remain elevated, and an opposing bearish view suggests that Ethereum could revisit the $1,300 zone if bulls lose control. Ched’s critical insights point out that Ethereum is forming a 4-hour bearish divergence on the On-Balance Volume (OBV) indicator. This, combined with the appearance of an upper shadow on local structure, signals weakening buying pressure. According to Cheds, a short position could be triggered if Ethereum loses the $1,750 support zone, which would confirm a breakdown from the current consolidation pattern. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Technical Details: Key Levels To Change Structure Ethereum is trading at $1,815 after days of tight consolidation and modest upward movement. Bulls have managed to defend the $1,750-$1,800 support range, but the real test remains ahead. To shift the broader bearish structure into a confirmed bullish trend, Ethereum must reclaim the $2,100 level. Without this breakout, any rallies are likely to be seen as temporary relief within a broader downtrend. Holding above the $1,800 level is critical in the coming days. A firm base above this zone would help build strong demand and create the conditions needed for a sustained recovery rally. Bulls are gaining some short-term momentum, but they still face a market clouded by macroeconomic uncertainty and cautious sentiment. Related Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High? If Ethereum fails to maintain support at $1,750, downside risks will grow rapidly. Breaking below this zone could trigger a sharp sell-off, likely sending ETH toward the $1,500 mark. As the market shows signs of strength, Ethereum’s next move will be decisive. It will determine whether it can join a larger recovery trend or continue struggling within a volatile and uncertain environment. Featured image from Dall-E, chart from TradingView

Ethereum price started a downside correction below the $1,800 level. ETH is now testing the $1,750 zone and might dip further toward $1,700. Ethereum started a downside correction and traded below the $1,780 level. The price is trading below $1,775 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support 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 $1,785 resistance zone. Ethereum Price Starts Downside Correction Ethereum price remained stable above the $1,720 level and started a fresh increase, like Bitcoin. ETH traded above the $1,750 and $1,780 levels. The bulls even pumped the price above the $1,800 level. A high was formed near $1,850 and the price recently started a downside correction. There was a move below the 50% Fib retracement level of the upward move from the $1,723 swing low to the $1,848 high. The price even dipped below the $1,800 level. There was a break below a connecting bullish trend line with support at $1,800 on the hourly chart of ETH/USD. The bulls are now active near the 76.4% Fib retracement level of the upward move from the $1,723 swing low to the $1,848 high. Ethereum price is now trading below $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,775 level. The next key resistance is near the $1,800 level. The first major resistance is near the $1,820 level. A clear move above the $1,820 resistance might send the price toward the $1,850 resistance. An upside break above the $1,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,920 resistance zone or even $2,000 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,800 resistance, it could start a fresh decline. Initial support on the downside is near the $1,750 level. The first major support sits near the $1,700 zone. A clear move below the $1,700 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,750 Major Resistance Level – $1,800

Ethereum is holding firm above critical support levels as bulls attempt to reclaim the $1,850 zone. Price action remains cautious, as global trade conflicts and deteriorating macroeconomic conditions continue to weigh on investor sentiment across all markets. The ongoing trade tensions between the US and China, combined with weak economic indicators, have created a challenging environment for risk assets like crypto. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? However, despite these headwinds, Ethereum has shown signs of resilience. Some analysts interpret the recent surge in ETH price as a positive shift that could lead to sustained upward momentum if key resistance levels are breached. Top analyst Daan recently shared insights on the ETH/BTC chart, highlighting that Ethereum had a good start last week, showing notable strength relative to Bitcoin. This move immediately pulled a broad range of altcoins higher, signaling growing risk appetite among investors. Daan emphasizes that Ethereum’s ability to retake its local range is an encouraging development, and a continued push could set the stage for a broader recovery across the altcoin sector. Ethereum Builds Momentum Ethereum is beginning to show early signs of a bullish structure forming on the lower time frames, giving hope to investors after weeks of uncertainty. Bulls are steadily working to reclaim higher resistance levels, although selling pressure remains a real threat. The battle for control is intensifying, with analysts split between two scenarios: a massive breakout toward much higher targets or a failed breakout that could send ETH below the critical $1,300 support zone. Daan shared a technical view suggesting that Ethereum had a strong start last week, regaining strength relative to Bitcoin. This move was significant because it immediately triggered strength across many altcoins, a classic signal that sentiment could be shifting across the broader crypto market. Daan explains that Ethereum has retaken its local range, a critical development. The next objective for bulls is to push ETH toward the range high and reclaim the 4-hour 200 MA and EMA. Accomplishing this would mark the beginning of a potential higher timeframe reversal, turning the tide back in favor of buyers. Daan also highlights that if ETH can continue to build momentum from here, it could ignite another strong altcoin rally, amplifying the impact across the entire market. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Price Levels To Watch Ethereum is currently trading at $1,800 after spending several hours ranging tightly between $1,850 and $1,725. Despite the uncertain macroeconomic backdrop, ETH has managed to maintain short-term strength by holding above the 4-hour 200 MA and EMA, two critical technical indicators that have acted as dynamic support throughout the recent price action. The consolidation within this range signals that bulls are defending key levels effectively, but they still need a catalyst to trigger the next significant move. Holding above the 4-hour 200 MA and EMA suggests that momentum remains in favor of buyers for now, and any push above $1,850 could open the door for a larger rally. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity However, global tensions and weakening economic indicators continue to weigh on sentiment, making next week crucial for clarity. If broader markets stabilize or Bitcoin continues its push toward new highs, Ethereum could benefit and extend its recovery. On the other hand, a failure to hold above $1,725 would expose ETH to renewed selling pressure and a potential retest of lower demand zones. For now, bulls remain in control, but vigilance is key as Ethereum approaches a pivotal moment. Featured image from Dall-E, chart from TradingView

Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the sharp recovery from $1,550 that kicked off on Tuesday.  Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says As it stands, the Ethereum price is at an important technical phase after retesting the $1,799 resistance level and pulling back into its final intraday support zone. A fresh push above $1,800 could open the door to $1,840 and beyond, whereas deeper retracements would test three important zones. Ethereum Turns Resistance Levels Into Support Ethereum’s recent rally has seen it break past three notable resistance levels that have rejected its price action for most of April. Interestingly, these resistance levels are located at $1,590, $1,654, and $1,703, as indicated by a technical analysis of Ethereum’s price action on the hourly candlestick timeframe chart on the TradingView platform. Following these breakouts, Ethereum continued to push upward with momentum until it encountered a tougher ceiling near the $1,800 mark. After briefly tapping into this zone, the price experienced a minor rejection, retracing back towards $1,730 before finding support and beginning another gradual climb. As it stands, the resistance at $1,800 is the next level to beat in the hopes of a close above $2,000 before the end of April. Nonetheless, even if Ethereum does not reach this level, a bullish sentiment will still be in place if it manages to hold above the broken resistances, which have now turned to support on the H1 timeframe.  Ethereum Could Still Be Bullish Unless $1,654 Breaks Ethereum’s outlook remains bullish as long as the newly reclaimed levels at $1,590, $1,654, and $1,703 continue to act as reliable support zones. The first zone, positioned at $1,703, represents a short-term hourly support level. This area may attract early entries, but it is high-risk and prone to breaking easily.  Beneath that lies the more structurally significant support at $1,654, which is also evident on the 4-hour chart. This level is a medium-risk zone, characterized by a cleaner and sound area of demand. It has a higher probability of initiating a bounce if tested, and its preservation is important in maintaining a short-term bullish bias for Ethereum.  The strongest support level is at $1,590 and is somewhat low-risk for reentry. It has the most favorable risk-to-reward ratio, where smart money traders are likely to accumulate. Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days As long as Ethereum stays above $1,703, the current uptrend remains valid. The bullish bias remains intact unless there’s a confirmed break below $1,654. A drop below the $1,654 support would shift the short-term outlook to neutral or bearish. On the other hand, a successful close above $1,800 could cascade toward the next target around $1,840 or even higher. Featured image from Unsplash, chart from TradingView

Ethereum is now holding above critical support levels after a volatile few weeks, but it continues to struggle with reclaiming key resistance zones. Bulls have managed to regain some momentum, helping ETH stabilize above the $1,700 level. However, to confirm a true bullish structure and shift sentiment decisively, Ethereum must reclaim and hold higher ground in the coming days. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? Top analyst Daan shared a technical setup highlighting a promising development: Ethereum is flipping a previous horizontal level back into support. According to Daan, this marks a meaningful change in ETH’s market dynamics, as it’s something the asset has failed to do for months. Instead of consistently rejecting resistance and making lower lows, ETH is now showing early signs of strength by defending critical zones. Still, the battle isn’t over. Global macro uncertainty and tensions between the US and China continue to pressure all risk assets, including crypto. For Ethereum, a daily close above key resistance could open the door to a more decisive move higher, while failure to do so could leave it vulnerable to another round of consolidation or downside. Ethereum Faces A Critical Test After Strong Recovery Ethereum has staged an impressive recovery, gaining over 32% from its local low of $1,383. Now trading firmly above $1,700, ETH faces a crucial test: holding current levels to shift its longer-term bearish price structure into a more bullish trend. After months of relentless selling pressure, this stabilization could mark the start of a larger reversal if momentum is sustained. However, broader macroeconomic risks still loom. The ongoing conflict between the US and China continues to pressure financial markets, with growing concerns that a prolonged negotiation process could disrupt global supply chains. If no resolution is reached in the coming weeks, risk assets like Ethereum could struggle to maintain their recent gains. A breakthrough deal, however, could quickly shift investor appetite back toward risk-on assets, fueling a stronger rally. Daan’s technical analysis highlights a major shift in ETH’s behavior. For the first time in months, Ethereum is flipping a previous horizontal resistance zone back into support—a sign of strengthening market dynamics. Daan suggests closely monitoring the $1,750–$2,100 range, as a firm hold above this area would signal a significant improvement in ETH’s structure. A daily close above $1,750 and gradual consolidation within this key range would position Ethereum for a potential breakout toward higher levels in the coming months. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity ETH Price Holds Above Key Support, But Challenges Remain Ethereum is currently trading at $1,790, maintaining its position above the critical 4-hour 200 EMA. This technical level has acted as strong support in recent days, providing bulls with a foundation to build momentum. Holding above $1,700 is crucial to maintain the bullish structure that has started to form after weeks of volatility and selling pressure. To confirm a strong recovery and shift into a sustained uptrend, ETH must reclaim the $2,000 psychological level. A decisive break and hold above $2,000 would likely attract renewed buying interest and could open the door for a move toward higher resistance zones. However, without a strong catalyst, bulls could struggle to maintain upward pressure in the short term. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected On the downside, losing the $1,700 support would signal growing weakness and likely invite further selling. A break below this zone could send Ethereum back into the $1,500 region, reigniting concerns of a prolonged consolidation or deeper correction. For now, the market remains cautiously optimistic, but all eyes are on whether bulls can build enough momentum to reclaim higher ground soon. Featured image from Dall-E, chart from TradingView

On-chain data shows the Ethereum whales have sold the asset recently, while key holders on the Bitcoin network have accumulated instead. Ethereum Whales Have Sold Into The Latest Rally As explained by analyst Ali Martinez in a new post on X, the Ethereum whales have participated in selling recently. The “whales” here refer to the ETH entities holding between 1,000 and 10,000 ETH. At the current exchange rate, this range converts to $1.8 million to $18 million. While these bounds don’t cover the largest of holders in the sector, they do still contain some of the key investors. Related Reading: Bitcoin Holders Realizing $139 Million In Profit Per Hour This Rally, Report Says Here is the chart shared by the analyst that shows the trend in the combined balance of these Ethereum whales over the over the past ten days or so: As displayed in the above graph, the Ethereum whales have seen their supply go through a net decline recently. During this selloff, these investors offloaded more than 63,000 ETH (about $113.5 million) inside a 48-hour window. From the chart, it’s visible that the distribution from this cohort has coincided with ETH’s recovery rally. This could indicate that these large investors have been capitalizing on the profit-taking opportunity. While the key investors of ETH may have taken profits, the same isn’t true for that of BTC. As the on-chain analytics firm Santiment has discussed in an X post, the trend has been that of accumulation for BTC recently. In the chart, the analytics firm has attached the data related to the supply of the Bitcoin holders carrying between 10 ($946,000) and 10,000 BTC ($946 million). This range is broader than the one for ETH and includes two key investor cohorts: sharks and whales. These investors have collectively added a total of 19,255 BTC to their wallets alongside the price rally. Thus, it would appear that the key holders of the cryptocurrency are supportive of the recovery run. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years Naturally, this could imply the Bitcoin rally may have more chances of being sustainable than the Ethereum one. That said, things can change quickly in the digital asset sector, so the trend related to the large entities of both might be worth keeping an eye on. Speaking of accumulation, BTC is currently witnessing high inflows into the spot exchange-traded funds (ETFs), as Santiment has pointed out in another X post. From the chart, it’s visible that the recent ETF inflows are the largest in months. As the analytics firm notes, As Bitcoin has recovered as high as $95.8K today, we are seeing the highest week of net inflows to BTC ETF’s since the week before Trump’s inauguration in mid-January. Institutions like Blackrock have played a large part in the crypto-wide bounce traders were waiting for. ETH Price At the time of writing, Ethereum is trading around $1,800, up more than 12% in the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Ethereum (ETH) experienced a significant recovery over the past week after jumping over 10% to the $1,800 resistance. The cryptocurrency’s momentum has seen it reclaim key levels, which could ignite a 28% rally continuation in the following weeks. Related Reading: SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch Ethereum Reclaims First Horizontal Level In Months Over the past week, Ethereum’s price has jumped around 14% to retest crucial support levels. Amid the market recovery, the cryptocurrency reclaimed the $1,600-$1,650 zone at the start of the week, holding a historical demand area as support. According to analyst Rekt Capital, ETH is holding the bottom of its historical demand zone, between $1,650 and $1,950, after its recent performance, “repeating history also by wicking briefly below it.” Since losing its $2,196-$39,00 Macro Range, the cryptocurrency has traded within this range, upside wicking to the region’s top and turning it into resistance, and downside wicking below the bottom to turn it into support, like in 2023. According to the analyst, “Ethereum needs to keep holding here. If this price stability here can be sustained… There is a chance” to repeat its mid-2023 performance, where the token bounced from this region and hit its early 2024 high of $4,093. Meanwhile, Daan Crypto Trades noted that ETH has flipped a horizontal level back into support. The analyst pointed out that since closing above the $1,750 mark for the past three days, the King of Altcoins has shown a “change in market dynamics.” Notably, Ethereum has not been able to reclaim previous horizontal levels for months, getting rejected and making new lows instead. Daan asserted that the $1,750-$2,100 price range is crucial to continue ETH’s bullish momentum. ETH On The Verge Of Breaking Out Amid this performance, ETH is nearing a breakout from its multi-month downtrend. The cryptocurrency has been in a downtrend since hitting its cycle high of $4,107 in early December, retracing over 56% since then. However, Ethereum is attempting to break from the descending resistance again amid its retest of the $1,800 barrier. Analyst Crypto Caesar affirmed that ETH “is on the verge of breaking out. We really just need that higher high…” Analyst Ted Pillows considers that a 28% jump by next month could be possible if the cryptocurrency reclaims this crucial short-term resistance. He pointed out that the $1,800-$1,850 zone is the next level to break before the $2,000 barrier, noting an inverse head and shoulders pattern on ETH’s chart. Related Reading: ‘All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection “If ETH manages to break above it, it could rally towards $2.2K-$2.3K in May,” he concluded. Another analyst previously suggested that Ethereum won’t start a new rally until it reclaims the $2,330 barrier, where over 60 million addresses have purchased the cryptocurrency. As of this writing, Ethereum trades at $1,795, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum is gradually regaining momentum after a recent correction, now trading above $1,700, reflecting a 12.2% increase over the past week. This recovery has drawn attention from analysts, who seem to be looking into the asset’s movement for signs of sustained strength or renewed volatility. Despite this short-term rise, ETH remains approximately 63% below its all-time high of $4,878 reached in 2021, highlighting the broader downturn that has characterized the Ethereum market since late 2021. Related Reading: Ethereum Whales Just Accumulated 640K ETH, Is a Bigger Rally Coming? Ethereum Derivative Exchange Inflows Point to Potential Volatility Recent on-chain data and exchange flows suggest Ethereum’s price trajectory may be influenced by broader macro factors and strategic trading behavior. Among the latest observations is a notable surge in ETH sent to derivative exchanges, a metric often linked to increased speculative activity or changes in trader positioning. This trend, coupled with key political developments in the US, has raised new questions about what might be next for Ethereum and the wider crypto market. According to an analysis by Amr Taha, a contributor on CryptoQuant’s QuickTake platform, Ethereum has recorded unusually large inflows to derivative exchanges in the past 48 hours, with one spike exceeding 80,000 ETH. Historically, such inflows are seen ahead of periods of increased volatility, as traders shift assets to leverage positions or hedge against expected price movements. While not a definitive predictor of direction, this behavior suggests rising expectations of short-term market activity. Taha’s analysis notes that the inflow coincided with a recent political statement from US President Donald Trump, who confirmed he has no intention of removing Federal Reserve Chair Jerome Powell. This announcement was interpreted by markets as a signal that the Fed will continue to operate independently, easing concerns about political interference in monetary policy. Taha notes that given how closely crypto markets respond to central bank tone and economic indicators, this development added a layer of macro stability to a market already reacting to technical signals. BTC Whale Activity and Derivatives Data Suggest Tactical Shifts While Ethereum-specific data remains the primary focus, Taha also highlighted key movements in Bitcoin markets that may have indirect effects on ETH. On April 23, over $600 million worth of BTC was transferred from whale wallets to exchanges, marking the largest single-day BTC inflow in several weeks. This came after a breakout in the BTC/GBP pair, which triggered significant short liquidations. According to Taha, the large BTC transfer may reflect a setup where late long entries could face downside risk if selling pressure intensifies. For Ethereum, this backdrop raises the possibility of a short-term retracement, especially if correlated selling occurs across major digital assets. Related Reading: Ethereum Flashes Bullish Golden Cross – Is A Major Rally On The Horizon? A buildup of long positions sitting just below current price levels, paired with newly added exchange supply, introduces liquidity zones that the market may test. As a result, both BTC and ETH could see increased volatility in the near term, driven by stop-loss hunts or profit-taking activity. Featured image created with DALL-E, Chart from TradingView

Justin Sun, the founder of the Tron blockchain, predicts that Ethereum’s price will surge to $5,000 in the next few months. His prediction is made as Ethereum gears up to celebrate its 10th anniversary in July 2025. Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days Price Prediction Sets Community Afloat The daring forecast has made waves in cryptocurrency communities, particularly because Ethereum is currently priced under $2,000. Based on figures by Coingecko, the second-largest cryptocurrency is valued at around $1,789. Sun posted his opinion on X (formerly Twitter), observing a personal connection to the launch date of Ethereum. His birthday is July 30, the same day Ethereum launched in 2015. The founder of Tron leveraged this moment to collaborate with the Ethereum Foundation in advertising the upcoming birthday celebrations. His $5,000 price target is almost a 200% hike from levels now. Ethereum shares the same birthday as me—this date is truly meaningful. I suggest a 10x increase—let’s commemorate it together at $5,000! https://t.co/o8Ci30xbhH — H.E. Justin Sun ???? (@justinsuntron) April 24, 2025 Foundation Plans Global Birthday Events According to reports by the Ethereum Foundation, the 10-year anniversary will have global birthday parties of all sizes. Organizations and individuals can plan local events to participate in the celebration. To assist in making these events occur, the Foundation’s Ecosystem Support Program will reimburse up to $500 in costs per event. Applicants must apply by June 15, 2025. The Foundation hopes to establish a “global holiday” environment around the anniversary, with community involvement from various countries and regions. Sun’s Four-Step Plan For Ethereum Growth Sun didn’t leave it there at projections – he mapped out a concrete plan he is convinced would get Ethereum to the $5,000 level in no time: 1. The Ethereum Foundation should refrain from selling ETH for a minimum of three years to curb supply and promote holding. 2. Instead of token sales, the Foundation might employ lending and staking platforms such as AAVE to finance operations. 3. The Foundation must rationalize its team, retaining only the best developers and compensating them at better rates to enhance output quality. 4. Development should be aimed at enhancing the core Layer 1 network instead of diluting resources over so many side projects. Image: Cryptonary Ethereum Faces Challenges Despite Success Even though it hosts thousands of decentralized applications and popularized smart contracts globally, Ethereum is still struggling with various issues. It is commonly complained about by users, including exorbitant gas charges, sluggish transaction speeds, and poor scalability. Related Reading: XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles Meanwhile, an upgrade dubbed “Pectra” is set to happen in May 2025 that may solve some of these problems. The upgrade is said to reduce transaction fees and enhance contract enforcement throughout the network. Sun’s support for Ethereum stands out because he leads Tron, often viewed as a competing blockchain. Despite this apparent rivalry, he maintains ETH holdings and regularly praises Ethereum’s progress. The market’s response to Sun’s optimistic outlook remains to be seen, as Ethereum would need significant momentum to reach the predicted $5,000 level from its current price point. Featured image from Ethereum Foundation Blog, chart from TradingView

Ethereum is trading above $1,700 after a volatile few weeks, with bulls now trying to reclaim higher levels and flip resistance into support. Despite lingering macroeconomic tensions and the ongoing trade standoff between the US and China, markets are beginning to price in optimism as investors anticipate progress in negotiations. This renewed sentiment has lifted risk assets like ETH, which is showing early signs of a potential breakout. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected Analysts are closely watching Ethereum’s current price action, which suggests a possible shift in trend. Top analyst Daan shared a technical view on X, highlighting that ETH is attempting to retake its previous horizontal support around $1,750. If successful, this would mark the first time in months that Ethereum reclaims a key support level after previously rejecting it and setting lower lows. As Ethereum fights to regain lost ground, all eyes are on this critical level. A breakout here could lead to a renewed surge across the altcoin market, reinforcing growing speculation that the worst of the correction may already be behind us. Ethereum Bulls Attempt to Shift Market Structure Ethereum has rallied impressively, gaining over 32% from its local low of $1,383. This recovery has brought ETH to a critical price level, where bulls must hold and build momentum to break the broader downtrend that has defined much of 2024. A sustained move above current levels could mark a long-awaited shift in market structure, providing confidence that Ethereum is ready to trend higher over the medium term. However, broader macroeconomic forces continue to weigh heavily on investor sentiment. Ongoing trade tensions between the United States and China remain unresolved, with each new tariff threat adding further strain on global supply chains. These geopolitical pressures threaten to limit risk appetite, and any further escalation could stall Ethereum’s recovery. On the flip side, a diplomatic breakthrough could trigger a strong shift in investor positioning across all risk assets, including crypto. In the meantime, Ethereum must defend current levels to keep bullish momentum intact. Daan’s analysis highlighted that ETH is currently testing the $1,750 level, which previously acted as key support. If Ethereum can reclaim this horizontal zone, it would mark the first time in months that ETH retakes rather than rejects a critical level. Daan emphasized that daily closes above $1,750 are ideal and would confirm strength, potentially opening the door for a larger breakout. Related Reading: Ethereum Forms ‘A Huge Inverse Head & Shoulders’ – $20K Target In Sight? ETH Price Holds Key Levels, Bulls Must Reclaim $2K Soon Ethereum is currently trading at $1,770, maintaining strength above the 4-hour 200 EMA—a key short-term indicator that has historically acted as both resistance and support during critical trend shifts. Bulls have managed to defend this level over the past few sessions, signaling growing confidence and momentum as Ethereum attempts to recover from its recent downtrend. Holding above the $1,700 zone is now essential to avoid triggering another wave of selling. This level has become the new battleground for bulls and bears, and continued consolidation above it may lay the groundwork for a broader rally. The next major objective is a decisive reclaim of the $2,000 level. A breakout above this threshold would mark a strong shift in sentiment and could trigger additional upside as sidelined buyers re-enter the market. Related Reading: Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead However, caution remains warranted. A failure to hold current support would invalidate the recovery narrative and open the door to further losses. If Ethereum breaks below $1,700 with volume, it could revisit the $1,500 level, which has acted as a historical demand zone. That would reinforce a longer-term bearish structure and delay any hopes of a full-scale recovery. Featured image from Dall-E, chart from TradingView

Ethereum’s price has recently mirrored broader trends in the cryptocurrency market, rising to above $1,800 before retracing as part of a wider market correction. At the time of writing, ETH is trading at $1,754, showing a 3.3% decrease in the past 24 hours, while the total crypto market cap slipped by 3.6% during the same period. Although short-term price movements reflect shifting momentum, on-chain metrics signal deeper changes that may have broader implications for Ethereum’s network health and investor sentiment. Related Reading: Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead Ethereum Long-Term Holders Accumulate as Inflows Hit Multi-Year Highs Recent data from CryptoQuant reveals that long-term Ethereum holders are increasing their activity. These wallets, known for never selling their ETH, have seen one of their highest inflows in recent years. This coincides with rising network activity, including a notable uptick in active addresses and transactional volume. Together, these developments suggest that behind the surface-level volatility, there may be a quiet phase of accumulation and user engagement building within the Ethereum ecosystem. CryptoQuant contributor OnChainSchool reports a significant development among Ethereum’s long-term holding addresses. In the last 48 hours, over 640,000 ETH flowed into wallets that have maintained a strict accumulation pattern without any recorded selling behavior. This marks the largest inflow to such wallets since 2018, suggesting that entities with a long-term outlook are increasing their exposure during the current price range. The behavior of these accumulation-only wallets is often viewed as a proxy for investor conviction, particularly among participants who are not influenced by short-term volatility. According to OnChainSchool, this activity during a period of price drawdown may reflect strategic positioning ahead of potential future developments. It’s also notable that these inflows come at a time when Ethereum fundamentals such as its transition to proof-of-stake, L2 adoption, and evolving staking mechanisms continue to advance. If sustained, this trend could help establish a support zone around current price levels. Network Activity Rises as Active Addresses See Double-Digit Growth Complementing the rise in long-term holder activity is a surge in Ethereum network usage. Another CryptoQuant analyst, Carmelo Alemán, highlights that the number of active Ethereum addresses grew by nearly 10% between April 20 and April 22, jumping from around 306,000 to over 336,000. This metric counts unique wallet addresses that were involved in transactions as either senders or receivers over a given period. While active addresses alone do not capture the full picture, Alemán notes that the metric should be viewed alongside others such as exchange volume, gas fees, transaction count, and Layer 2 activity. Related Reading: 77K Ethereum Moved to Derivatives—Is Another Price Crash Looming? The rise in address activity, especially when paired with a simultaneous price increase, is often taken as a sign of broader user engagement and growing application-layer demand. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH), the second-largest cryptocurrency by market cap, is up 9.9% over the past week. Recent analyses suggest the digital asset may continue its bullish momentum in the near-term. Ethereum Flashes Golden Cross According to a recent X post by crypto analyst Titan of Crypto, Ethereum has formed a golden cross on the daily chart. A golden cross typically precedes significant price rallies, and the continuation of this bullish price action could push ETH beyond $2,000 soon. Related Reading: Ethereum Nears ‘Critical Zone’ Historically Linked To Market Bottoms – Is A Rebound Incoming? For the uninitiated, a golden cross is a technical indicator that flashes when the 50-day moving average (MA) crosses the 200-day moving average (MA). The indicator often suggests a shift from a downtrend to an uptrend in the underlying asset’s price. The following chart shows the golden cross, with the upward-sloping red line (50-day MA) overtaking the downward-sloping blue line (200-day MA). If this trend holds, it could set the stage for further gains, with the $2,000 mark acting as the next psychological resistance level. Other analysts also support Titan of Crypto’s bullish outlook for ETH. For example, fellow analyst JJcycles shared a weekly chart illustrating striking similarities between ETH’s current structure and that of Bitcoin (BTC) during past cycles. JJcycles noted that ETH may currently be trading near the bottom of the range – close to the support trendline – similar to BTC’s price action around $5,000 following the March 2020 COVID-19 crash. Potential ETH Targets? In another X post, crypto trading account Bitcoinsensus pointed out that Ethereum is forming a large bull flag pattern on the monthly chart. The account noted that ETH is currently near the lower boundary of the flag, with a potential breakout target of up to $8,000. Likewise, seasoned analyst TraderPA suggested ETH is in a reaccumulation phase and could be poised for a strong rally. According to TraderPA, ETH may surge to $6,000 before the year ends. On-chain metrics also support the case for a bullish reversal. Crypto analyst Ali Martinez recently noted that Ethereum’s Entity-Adjusted Dormancy Flow has dropped below one million – a level that often indicates the asset is undervalued. Related Reading: Ethereum Sentiment Dips Among Retail Investors, Yet A Breakout Looms Despite the positive indicators, concerns about further downside remain. Ethereum’s weak performance in recent months, coupled with repeated breakdowns through key support levels, raises the risk of a drop to $1,200. Nonetheless, ETH is projected to see significant price appreciation in Q2 2025, with some analysts forecasting a new all-time high by year’s end. At press time, ETH trades at $1,755, down 3.3% in the last 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Ethereum price started a fresh surge above the $1,720 resistance. ETH is now correcting gains and might revisit the $1,700 support zone. Ethereum started a fresh rally above the $1,720 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Signals Downside Correction Ethereum price remained stable above the $1,680 level and started a fresh increase, like Bitcoin. ETH traded above the $1,720 and $1,750 levels. The bulls even pumped the price above the $1,800 level. A high was formed at $1,834 and the price recently started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. The price even dipped below the $1,780 level. There is also a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,780 level and the trend line. The next key resistance is near the $1,800 level. The first major resistance is near the $1,840 level. A clear move above the $1,840 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. Are Dips Limited In ETH? If Ethereum fails to clear the $1,780 resistance, it could start a fresh decline. Initial support on the downside is near the $1,725 level. The first major support sits near the $1,700 zone and the 50% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. A clear move below the $1,700 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,700 Major Resistance Level – $1,800

Ethereum demonstrated evidence of new momentum this week as network activity and price action both reversed after a slow stretch. The second-largest cryptocurrency finally broke through a critical price barrier that had constrained its advance for over a week. Related Reading: XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles Active Addresses Up By Almost 10% As per statistics from CryptoQuant analyst Carmelo Alemán, Ethereum’s network experienced a notable increase in user activity between April 20 and April 22. Active addresses increased from approximately 306,000 to more than 336,000 within this three-day period, a rise of nearly 10 percent. The network is just “heating up”, according to Alemán. Ethereum is Heating Up! “Ethereum’s active addresses jumped from 306,211 to 336,366, representing a 9.85% increase in just 48 hours” – By @oro_crypto Read the full analysis ⤵️https://t.co/g55MiVnmOo pic.twitter.com/brIHtXx3Sx — CryptoQuant.com (@cryptoquant_com) April 23, 2025 This frenzy in activity at addresses is usually indicative of changes in the market mood and rising investor interest. Market analysts often consider such rises as possible early indicators of price movements, mostly when they coincide with price rise. Price Throttles Down To Major Resistance Keeping on with the struggle of breaking above $1,640 accomplished since April, the price of Ethereum finally surpassed this resistance area. Striking above $1,780, the coin has defeated the confinement left by an assertive green daily candle. For the first time in recent history, buyers appear to be taking center stage in the market. The price now reads as above both the 10-day and 20-day moving averages, indicating strength in the shorter-term. The relative strength index is just above its 50 line, exhibiting some bullish momentum without being close to the overbought zone. Technical Indicators Present Mixed Signals Some indicators show great momentum, although everything is not perfectly aligned. The moving average convergence/divergence starts synthetizing foreboding trend reversal early with slightly positive numbers. At the same time, the stochastic RSI approaches the upper limits of its range, which likely indicates short-term exhaustion unless more buyers come back soon. According to price forecasts, Ethereum will fall by 6.50% and hit $1,652 on May 24, 2025. Technical analysis indicates a bearish trend, while the Fear & Greed Index is at 64, which puts market sentiment in the “Greed” zone. In the last month, Ethereum had green days 40% of the time (12 out of 30 days) with price volatility at 9.26%, data from CoinCodex shows. Related Reading: Bitcoin Rockets To Monthly Highs As Open Interest Explodes By Over $3 Billion Network Usage Remains Low Despite Price Movement One of the confounding things about Ethereum’s current state is the divergence between price action and real-world network usage. Transaction fees are still abnormally low at about $0.31 on average, based on YCharts data. Low fees indicate that on-chain demand is still lacking despite the network being inexpensive to use. In spite of this conflicting sign, the combination of increasing active addresses and ETH holding position above prior resistance levels has enhanced the short-term picture. Should present momentum continue, market strategists will be keeping a close eye to determine whether Ethereum can make a charge in the direction of the psychologically significant $2,000 price level. Featured image from Fandom, chart from TradingView

Ethereum price started a fresh surge above the $1,750 resistance. ETH is now consolidating gains and might attempt to clear the $1,840 resistance. Ethereum started a fresh rally above the $1,750 zone. The price is trading above $1,720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,820 resistance zone. Ethereum Price Gains Momentum Ethereum price remained stable above the $1,650 level and started a fresh increase, like Bitcoin. ETH traded above the $1,700 and $1,720 levels. The bulls even pumped the price above the $1,750 level. The pair even spiked above the $1,800 zone. A high was formed at $1,8343 and the price recently started a consolidation phase. There was a drop toward the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $1,780 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 $1,920 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. Are Dips Supported 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 $1,780 level. The first major support sits near the $1,740 zone. A clear move below the $1,740 support might push the price toward the $1,700 support or the 50% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. Any more losses might send the price toward the $1,665 support level in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,740 Major Resistance Level – $1,820

Ethereum’s price action appears to be setting the stage for a major move that could redefine its market trajectory by the end of 2025. Although recent months have seen the cryptocurrency’s price lose its footing, technical analysis shows that this phase might be coming to an end. Particularly, Ethereum is now trading close to a support level that could cause an upward bounce towards $4,000 by the end of 2025. Strong Demand Zone Shows Ethereum Bottoming Out Ethereum’s price action throughout 2025 has been bearish, marked by a series of structural breakdowns that have erased much of the bullish momentum carried over from Q4 2024. Since December 2024, the cryptocurrency has slipped through a series of key technical support levels, beginning with the breakdown of a fair value gap (FVG) near $3,700 in early January.  Related Reading: Ethereum Price Rebound: Breakout To $1,800 With These Two Supply Zones This was followed by a critical CHoCH (Change of Character) around $3,100 in February, signaling a definitive shift from bullish to bearish sentiment. The situation worsened in March, with Ethereum losing its $2,000 structural support level in the first week of the month, and then plummeting past a major liquidity pool at $1,700 by late March that triggered a further crash until it bottomed at $1,415 on April 9. According to a TradingView analysis, all these movements have pushed the Ethereum price to its lowest support level, which could lead to a bounce. This support level is around $1,629 on the 3-day candlestick timeframe chart. Looking at the 3-day ETH/USDT chart, Ethereum has retraced into this high-demand zone marked by multiple liquidity sweeps and previous order block confirmations back in 2023. This area triggered a significant bullish reversal in 2023, which eventually led to a surge over the ensuing year. Three Major Targets On The Path To $4,500 Now that Ethereum has bounced around this order block, the next outlook is a bounce above $2,000 and beyond, with the TradingView analyst particularly predicting a surge to $4,500. According to the TradingView analysis, there are three key price levels Ethereum is expected to hit on its way toward a new all-time high around $4,500.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why The first target sits around $2,507, a level that corresponds with a bearish order block that led to the break of structure on March 2. The second level, at $3,708, marks a more prominent resistance and is sitting around the fair value gap that arose in January. Finally, the ultimate target lies just beyond $4,500. At the time of writing, Ethereum is trading at $1,795, up by 10.7% in the past 24 hours and piggybacking off Bitcoin’s break above $90,000. Featured image from Pixabay, chart from Tradingview.com

Ethereum has officially broken key technical resistance, pushing above the $1,800 mark and signaling a return of bullish momentum. After weeks of uncertainty and selling pressure, this breakout suggests a possible shift in trend, with bulls now eyeing a reclaim of the critical $2,000 psychological level. Despite ongoing global tensions and the shadow of a trade war between the US and China, crypto markets are showing resilience, and Ethereum is leading the charge. Related Reading: XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead? According to data from IntoTheBlock, Ethereum’s market cap surged by 12% in the last 24 hours, highlighting renewed investor interest and capital inflows. On-chain indicators further support the bullish case, with the platform noting only modest resistance ahead. The largest concentration of potential selling pressure sits near $1,860, a level that could be cleared quickly if current momentum holds. While macroeconomic uncertainty remains a risk, Ethereum’s breakout above $1,800 and the relatively clear path to higher levels have traders optimistic. If ETH can maintain strength and climb past $1,860, the next stop could be above higher supply levels. With bullish energy building across the crypto market, Ethereum’s latest move could be the start of something much bigger. Ethereum Bulls Target $2,000 As Resistance Weakens Ethereum is setting up for a major move as price action shows clear strength emerging from low-demand zones. After weeks of choppy consolidation and bearish sentiment, the second-largest cryptocurrency by market cap is gaining momentum, hinting at a broader trend reversal. While global markets remain under pressure from rising geopolitical tensions, particularly the intensifying trade conflict between the US and China, Ethereum and other altcoins are showing signs of decoupling from traditional financial markets. This shift is encouraging investors who previously exited risk assets to re-enter with cautious optimism. Ethereum, in particular, is benefiting from renewed on-chain activity and increased buying pressure. According to IntoTheBlock, Ethereum has little standing in its way toward higher levels, with only modest resistance ahead. The largest potential sell wall has formed near the $1,860 mark, a key zone that could soon be tested. If bulls manage to break through this resistance level, the path to the psychological $2,000 level becomes significantly clearer. Given the strength of the recent rally and improving market structure, such a move is well within reach. Momentum is building, and Ethereum is once again emerging as a leading asset in what could become the next leg of the crypto bull cycle. Related Reading: Ethereum Holds Above MVRV Band Low – A Final Dip Before Recovery? ETH Breaks Above Key Moving Averages Ethereum is trading at $1,800, showing strong momentum after breaking above both the 4-hour 200 MA and EMA for the first time since January. This technical breakout marks a shift in short-term trend structure, as bulls regain control of the market following weeks of bearish pressure. Now, the key challenge is holding the $1,750 level—precisely where both moving averages converge—making it a critical zone for confirming continued upside. A decisive move above the $1,800 level would further validate the breakout and open the door for a test of the $2,000 psychological barrier. This would signal renewed market confidence and potentially trigger a wave of new buying interest. However, if Ethereum fails to maintain its position above $1,750 or faces resistance near $1,800, the asset could enter a consolidation phase. This would likely extend the current range-bound trading between $1,700 and $1,850, delaying any swift return to higher valuations. Related Reading: Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? For now, the technical setup is favorable. But the next few sessions will be crucial in determining whether ETH can maintain its gains and reclaim $2,000—or if it needs more time to build strength beneath that key resistance. Featured image from Dall-E, chart from TradingView 

Major altcoins have yet to achieve similar breakouts.

Ethereum price started a fresh surge above the $1,650 resistance. ETH is now showing positive signs and might attempt to clear the $1,800 resistance. Ethereum started a fresh rally above the $1,650 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Starts Fresh Rally Ethereum price remained stable above the $1,550 level and started a fresh increase, like Bitcoin. ETH traded above the $1,620 and $1,650 levels. The bulls even pumped the price above the $1,700 level. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD. The pair even tested the $1,800 zone. A high was formed at $1,803 and the price is showing signs of more gains above the 23.6% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high. Ethereum price is now trading above $1,700 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,800 level. The next key resistance is near the $1,820 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. Are Dips Supported In ETH? If Ethereum fails to clear the $1,800 resistance, it could start a fresh decline. Initial support on the downside is near the $1,765 level. The first major support sits near the $1,710 zone. A clear move below the $1,710 support might push the price toward the $1,700 support. Any more losses might send the price toward the $1,685 support level and the 50% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high 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 bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,710 Major Resistance Level – $1,800

Ethereum is trading at key levels as price action consolidates above the $1,500 mark. After weeks of high volatility and macro-driven selling pressure, ETH is showing signs of stability — and analysts are watching closely. A breakout above nearby resistance could signal the start of a recovery rally, especially if momentum continues to build in the days ahead. Related Reading: Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? However, not all market watchers are convinced. Some analysts believe Ethereum may still face another leg down before a true reversal can begin. According to on-chain data from Glassnode, the MVRV Pricing Bands — which reflect market-wide cost basis and investor sentiment — highlight the next major support around $1,367. Historically, buying ETH below this lower MVRV band has offered strong long-term returns, but also coincided with peak market fear. For now, Ethereum appears to be at a crossroads. A decisive move above short-term resistance could attract sidelined buyers and shift sentiment bullish. But failing to hold current levels could lead to a retest of lower support zones. The coming days may prove pivotal in defining Ethereum’s medium-term trend — and whether the bulls are truly ready to return. Ethereum Tests Market Nerves As MVRV Signals Opportunity This is a critical week for Ethereum, as price action will determine whether the recent consolidation above $1,500 can hold — or if further declines are on the horizon. Global tensions and macroeconomic uncertainty continue to pressure markets, with the ongoing U.S.-China trade war and instability in equities shaking investor confidence. While traditional markets tremble, crypto assets are showing early signs of decoupling. Ethereum, in particular, appears to be stabilizing and finding demand in the face of broader risk-off sentiment. Despite the volatility, some analysts believe the worst may be behind for Ethereum — or at least that current prices offer compelling risk-reward setups. Top analyst Ali Martinez shared insights on X, noting that historically, buying Ethereum below the lower MVRV Pricing Band has delivered strong returns. That key level, based on on-chain cost-basis data, now sits at $1,367. The MVRV (Market Value to Realized Value) Pricing Bands help identify overvalued and undervalued conditions by comparing ETH’s market price to its realized price — the average acquisition cost for all ETH on the network. When ETH trades below the lower band, it suggests the asset is undervalued and often precedes price rebounds. Related Reading: Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details If Ethereum holds current support and reclaims momentum above resistance zones, a recovery rally may follow. But if bearish sentiment regains control, a retest of the $1,367 MVRV support level could come fast. Either way, Ethereum’s price action this week will be key to understanding whether the market is shifting toward strength — or preparing for another leg down. ETH Price Holds Key Support, Market Awaits Breakout Ethereum (ETH) is currently trading at $1,620 after several days of sideways action, struggling to push above the $1,700 resistance level. Despite the lack of a breakout, ETH has shown resilience by holding firmly above the $1,550 support zone, a level that has acted as a floor during recent volatility. A decisive move is likely approaching. If bulls manage to reclaim the $1,800 level — where the 4-hour 200 MA and EMA converge — momentum could accelerate, setting the stage for a push toward the critical $2,000 psychological and technical resistance. Reclaiming that level would confirm a bullish trend reversal and likely spark renewed confidence across the altcoin market. On the other hand, if Ethereum fails to maintain its footing above $1,550 and selling pressure increases, a break below $1,400 would confirm a continuation of the broader downtrend. Such a move would test lower demand zones, with $1,367 — the lower MVRV Pricing Band — seen by some analysts as the next key support. Related Reading: Metrics Reveal Solana Sees Uptick In Whale Activity – Accumulation Signal? As price remains compressed within a tight range, market participants are watching closely for a breakout in either direction that will define the next major move for Ethereum. Featured image from Dall-E, chart from TradingView 

Cryptocurrency prices are starting to grind through a period of slow but steady gains in the past 48 hours, with Bitcoin again leading the charge and most altcoins lagging in recovery. In a recent post on the X platform, popular Bitcoin maximalist and CEO of JAN3,  Samson Mow, described the misleading nature of unit bias among altcoins. According to Mow, Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 is virtually impossible, given the current supply of these tokens. Unit Bias And Market Cap: The Numbers Don’t Lie Mow’s post on X challenges how investors perceive the value of altcoins like Ethereum, XRP, and Solana. He proposed a reframing of altcoin valuations by applying Bitcoin’s supply model to them. Bitcoin was created with a total possible circulating supply of 21 million units, with 19.85 million of those currently in circulation. Related Reading: Samson Mow Dumps Bitcoin Bombshell: Current Price Action Is ‘Manufactured’, Not Natural At the time of writing, one unit of 21 million Bitcoins is trading around $88,000. This price might be too much for retail traders. As such, the idea of owning a whole unit of XRP or Solana feels more accessible to newcomers and retail traders compared to buying a fraction of Bitcoin with the same capital.  To expose how misleading this mindset can be, Mow reimagines altcoin valuations by dividing their total market capitalizations by Bitcoin’s 21 million supply cap. This is essentially asking what one unit of these assets would cost if they had the same scarcity of supply as Bitcoin. Based on current market caps, Ethereum would be valued at approximately $9,200, XRP at $5,800, and Solana at $3,400.  Given the current price of Ethereum, Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value. Furthermore, it shows that Bitcoin has better fundamentals and scarcity in its supply dynamics. Narrative Of Bitcoin Dominance Getting Stronger For Mow and other Bitcoin maximalists, the disparity in Bitcoin supply and that of popular altcoins is yet another reason why Bitcoin dominance is likely to grow stronger in the long run. Notably, the inflows into spot Bitcoin ETFs and increasing recognition among traditional finance investors are strengthening the case for Bitcoin’s dominance going forward. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone Notably, Mow’s perspective stands in opposition to the outlook held by some analysts who still anticipate an incoming altcoin season. These analysts believe that Bitcoin dominance, despite currently sitting at a yearly high of 63.5%, could be on the verge of a reversal. One notable technical analysis even projected a sharp crash in dominance toward the 40% mark in the coming months. At the time of writing, Bitcoin is trading at $88,530, up by 1.3% in the past 24 hours. Ethereum is trading at $1,620, representing a 1.5% decline over the same period. Solana is down 0.5% at $140, and XRP is trading at $2.09 after a 1.63% decline in the past day. Featured image from Pixabay, chart from Tradingview.com

As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movements has sparked discussions among crypto analysts regarding the potential future trajectory of Ethereum, particularly in light of Bitcoin’s bullish momentum. Ethereum Bull Run Potential Crypto analyst Ali Martinez recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum could ignite a new bull run if it manages to breach the critical resistance level at $2,330.  Martinez emphasized that a breakout above this supply wall could signal renewed investor interest and push ETH towards significantly higher prices. However, Ethereum has been trapped in a narrow range between $1,500 and $1,650 for the past week, lacking any substantial catalysts to spur an upward movement. Related Reading: Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? The immediate focus for Ethereum bulls is the $1,600 level, which has emerged as a near-term resistance point. Market expert TedPillows highlighted that Ethereum has recently broken out of a downtrend for the first time since February 2025, indicating a potential shift in market sentiment. If ETH can hold above the $1,600 threshold, analysts speculate it could rally towards the $2,000 mark by April. Conversely, some analysts, including Crypto Fella, warn of the risks associated with Ethereum’s current stagnation. The importance of a swift upward movement; a failure to break through the nearest resistance could result in a drop towards $1,200, highlighting the precarious nature of the altcoin’s current position. Bitcoin Surges Past $87,000 In stark contrast, Bitcoin’s market performance paints a different picture. The cryptocurrency’s recent surge above $87,000 is interpreted by Nicholas Roberts-Huntley, CEO of Concrete and Glow Finance, as a clear indication that investors are seeking refuge in decentralized assets amidst rising tariffs, inflation concerns, and global economic uncertainty.  This sentiment is echoed as the crypto market reacts to political tensions, particularly surrounding President Trump’s threats to remove Federal Reserve Chair Jerome Powell for not expediting interest rate cuts.  Related Reading: Bitcoin Surges Above $87,000 In Sudden Move — Here’s The Catalyst Youwei Yang, chief economist at Bitcoin mining company BIT Mining, provided further context on Bitcoin’s behavior in the current economic climate.  Yang noted that while Bitcoin may initially respond like a risk asset—similar to tech stocks—during times of crisis, it tends to stabilize and exhibit characteristics of a safe haven asset akin to gold as market conditions improve. At the time of writing, ETH is trading at $1,584, posting losses of over 3% in the weekly time frame. Even more concerning, the altcoin is still down nearly 70% from its all-time high reached in the last bullish cycle. Featured image from DALL-E, chart from TradingView.com 

Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights Ethereum Breakout Eyes Key Resistance On Easter Sunday, the crypto market saw a positive end-of-week after jumping 4.2%. Bitcoin (BTC) closed the week above the $85,000 barrier for the first time this month, while Ethereum surged 5.4% to attempt to reclaim the $1,600 resistance for the third time in the past seven days. ETH closed the week around the $1,640 mark before climbing to $1,658 during Monday’s early hours. Amid this performance, the cryptocurrency attempted to break out of its multi-month downtrend for the first time. Crypto analyst Ted Pillows highlighted that Ethereum broke out of its descending resistance on Monday morning. According to the post, the cryptocurrency has been in a downtrend in the one-day chart since early February, retesting the trendline thrice over the past few months, but always being rejected. Its latest rejection from the descending resistance sent the cryptocurrency below the $1,700 mark, which fueled the bearish sentiment brewing toward ETH. The start-of-April retraces, driven by the ongoing tariff war between the US and China, further sent Ethereum to lower levels, hitting its two-year low below $1,400 and retesting the 2018 highs. The analyst noted that ETH could rally toward $2,000 during April’s last leg if the cryptocurrency holds the $1,600 support, which it hasn’t been able to do for most of the month. Is The ETH Bottom Close? Analyst Carl Runefelt also highlighted ETH’s downtrend breakout, affirming that it “might go absolutely parabolic starting from here.” According to Runefelt, the resistance breakout eyes the $3,000 mark, which was lost during the February retraces. However, Ethereum has lost its short-term momentum, retracing its 24-hour gains in the past few hours. Its price dropped below the $1,600 mark into the key $1,500 support level, trading around the $1,570-$1,580 price range. This retracement could hint that ETH’s recovery failed to gain strength, risking a drop to the current level’s lows. However, a bounce from this zone to hold the $1,650 mark could confirm the breakout and propel the cryptocurrency’s price toward $1,700-$1,800 resistance. Analyst Ali Martinez considers that ETH’s new rally won’t start again until it breaks through the $2,330 supply wall, where over 12.6 million addresses purchased around 68-63 million ETH. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Meanwhile, another market watcher suggested that Ethereum’s trading pair against Bitcoin is “the only chart to look at right now.” Crypto Fella affirmed that the bottom of the ETH/BTC chart is close, as it has reached its lowest level since 2020. Per the chart, the last time ETH/BTC dropped below the 0.022 mark, it hovered between the 0.016-0.022 zone for some months before bouncing toward its late-2021 high. As of this writing, Ethereum trades at $1,571, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

SOL is up 8% in the last month while ether is down nearly 20%.