ETH/USDT: Is a breakout imminent, or is a pullback beginning?

Current price: approximately $1,774–1,793 (as of April 25, TradingView data). Up 11% this week, but investors remain cautious — short-term holders are taking profits, increasing downward pressure.

Key price levels:

▫️ Resistance levels: $1,796 → $1,906 → psychological barrier $2,000. A breakout above $1,796 could trigger FOMO.

▫️ Support levels: $1,671 → $1,522 (deep pullback).

Factors triggering an increase:

📈 Technical signals: RSI shows bullish divergence, price breaks above the descending channel.

💼 Futures data: Ethereum ETF sees a net inflow of $63.5 million in one day.

Risk warnings:

⚠️ NUPL indicator is in the surrender zone — large holders may trigger a sell-off.

🌪 Volatility is at 5.15%, be prepared for significant fluctuations.

Possible trends for this week:

✅ Bullish scenario: stabilize above $1,800 → test $1,906 → if supported by volume, challenge $2,000.

❌ Bearish scenario: drop below $1,671 → retreat to $1,522.

Views from the TradingView community:

💬 "A strong breakout above $1,650 → expected to test $1,700."

💬 "Wave structure indicates a potential trend reversal area before April 27."

Your action plan: Keep a close eye on $1,796 and volume — this will determine the trend direction. Tools for traders: set stop-loss below $1,670, and target profit towards $1,900.

P.S. Ethereum is like a compressed spring — the tighter it's pressed, the stronger the rebound. Are you ready for surprises? 🌊 $ETH