Ethereum Experiences Strength Post-Break of $1,820 Resistance, Eyes Potential Advance Toward $1,850
Rewritten Article:
Ethereum managed to weather the recent financial storm, holding steady around $1,820. It seems like the digital currency is gearing up for another price surge. With a daily increase of 0.22%, ETH is currently trading at $1,821.44, maintaining a strong presence in the cryptocurrency market. After successfully defending the $1,750 support zone, Ethereum's bulls are now setting their sights on a crucial resistance level. A potential ETH price climb toward $1,850 and maybe even the $1,920 mark may be instigated by an upward move above $1,820. Given the positive momentum in the larger cryptocurrency market, Ethereum's price trends appear to point towards a growing bullish sentiment.
Ethereum Encountering Key Resistance Around $1,820
Ethereum presents a promising price rally trajectory. It breaches $1,820 while maintaining a stronghold over the 100-hourly Simple Moving Average. The ETH/USD pair is currently facing a descending bearish trend line just below $1,821 as its latest resistance barrier. Pushing the ETH price beyond $1,820 could propel it towards the next significant resistance point at $1,850. The current market conditions favor bullish tendencies, although sellers are actively contesting this area near the resistance, creating a critical level between $1,800 and $1,820. The overall Ethereum market environment, coupled with positive macro cryptocurrency market trends, lends support to the possibility of a breakout.
ETH Price Stabilizes Above $1,820 - Is a Rally on the Horizon?
The ETH price is consolidating after facing rejection near the $1,820 mark, with bulls and bears vying for control. Ethereum's bulls have strongly defended the $1,770 level, suggesting a bullish breakout is likely. On the hourly chart, the MACD has entered a buoyant zone, while the RSI remains above 50—both indicators suggesting potential upside. However, for Ethereum to officially confirm this momentum, it must break through the $1,820 resistance zone. Failing to do so could weaken short-term sentiment and stimulate selling pressure.
Chart 1 - ETH/USD Live Price, TradingView, April 29, 2025
If the bulls prevail, the ETH price could rally toward the $1,850 target and potentially extend to $1,920. Conversely, rejection at the current resistance could pull ETH back to the $1,750 support zone, raising concerns about weakening buyer interest. With 24-hour trading volume now at $17.15 billion and Ethereum's circulating supply steady at 120.72 million ETH, volatility remains elevated. The ETH market cap stands at $219.61 billion, reflecting a 0.64% daily gain as the buying trend gains momentum.
ETH Bulls Aim to Breach Above $1,820 Resistance as Rally Momentum Builds
As ETH approaches the $1,820.05 barrier, traders are closely monitoring for indications of an imminent ETH price rally. A successful break above this ETH resistance level would validate the growing bullish pressure observed throughout the Ethereum market and the broader crypto market. The technical indicators favor buyers, but the coming hours will be crucial. A clear move above $1,820.05 could trigger a surge toward $1,850 and higher, while rejection might force another test of the $1,750 support level. The ongoing consolidation phase suggests that the ETH price rally could be closer than initially anticipated.
What's Next: Breakout or Breakdown Awaits Ethereum?
For Ethereum bulls to initiate a robust ETH price rally, they need to surmount the $1,820 resistance level. Positive trends in the cryptocurrency market and strong Ethereum market fundamentals will likely push the price beyond this significant obstacle and towards $1,850 and $1,920. The price of Ethereum may return to support levels around $1,750 and $1,650 if it fails to break higher. Ethereum's journey in the ever-changing cryptocurrency market landscape over the coming sessions will be influenced by its upcoming decisive moments. Thus, traders should remain vigilant and closely watch price action.
Enrichment Data:- Ethereum's near-term price movements present a blend of bullish technical patterns and persistent resistance challenges. Here's a snapshot of the current outlook based on recent developments: - Key Resistance Levels - Immediate resistance at $1,850–$1,865, with the $1,920–$1,950 zone as the next critical hurdle. - A sustained breakout above $1,950 could invalidate the bearish structure and target $2,000, though this level remains a psychological barrier that halted April's recovery. - Major upside triggers include a close above the 100-hourly SMA (currently acting as resistance) and institutional accumulation, as noted in whale activity spikes.
- Bullish Catalysts
- Technical patterns: Ascending triangle formations and bullish Ichimoku Cloud alignments suggest upward momentum towards $2,500–$2,700 by May–June 2025 if bullish sentiment prevails.
- Fundamental strength: Ethereum’s DEX trading volume dominance ($64B in March) and rising TVL (+42.5% in 2025) underscore network resilience despite price volatility.
- Institutional demand: ETF-related inflows and whale accumulation at lower price levels could provide support.
- Bearish Risks
- Failed breakouts: Recent rejections at $1,800–$1,955 highlight weak bullish conviction, with Ethereum struggling to maintain its position above key moving averages.
- Futures caution: The futures premium remains below 5%, reflecting professional traders’ reluctance to bet on sharp upside.
- Fee reduction: Plummeting transaction fees and burn rates (53 ETH/day) relieve deflationary pressure, potentially limiting long-term upside.
- Price Trajectory
- April 2025: $1,850–$2,000 range, with a close above $1,880 critical for sustaining momentum.
- May–June 2025: Potential rally to $2,500–$2,900 if ascending triangle breakouts materialize and institutional participation grows.
- Downside scenario: A drop below $1,750 could accelerate selling pressure towards Q1 lows. Current market sentiment hinges on Ethereum’s ability to reclaim $1,920–$1,950 resistance, which would signal a reversal of the Q1 2025 downtrend (-45%).
- The ETH price has penetrated the $1,820 mark, maintaining a proximity to the 100-hourly Simple Moving Average, with the next key resistance level possibly being $1,850.
- Traders are attentively watching for signs of an imminent ETH price surge as the bulls aim to breach the $1,820 resistance level.
- If Ethereum's bulls are successful, ETH could rally towards resistances at $1,850 and potentially extend to $1,920.
- Should the ETH price fail to break through the $1,820 resistance zone, it could weaken the short-term sentiment and trigger selling pressure.
- A breakout above $1,820 could stimulate a surge toward $1,850 and higher, while rejection could lead to another test of the $1,750 support level.
- The ongoing consolidation phase suggests that a significant ETH price rally might be closer than anticipated, and traders should remain cautious as Ethereum navigates its upcoming decisive moments.
