Ethereum has experienced a price reduction from its previous peak at $1,842. However, it has risen again as bulls protect the $1,780 support level. The ETH price rally shows increasing strength by gaining 0.61% per day and maintaining a value of $1,810.07 while staying above the 100-hourly SMA. Volume has increased 8.40% to $15.16 billion, indicating fresh interest, while market capitalization is $218.53 billion. The Ethereum key resistance lies at $1,850, while the price support is at $1,780. The ETH price increase may retest the $1,920 mark if bulls continue to exert pressure, maintaining the bullish sentiment of the Ethereum market.
Ethereum Consolidates: Will Bulls Reclaim $1,850 to Sustain Uptrend?
ETH faces transient resistance at $1,810, which has formed a contracting triangle pattern. The pair has performed positively by breaking through the $1,800 area after rebounding from the $1,746 low point. ETH gained significant price support when it reached $1,780 because this level matched the 61.8% Fibonacci level from the past price movement. A successful price momentum beyond $1,850 would initiate a new ETH price movement toward $1,920 and possibly $2,000 to advance ETH market sentiment. However, failure to breach ETH key resistance could trigger another pullback toward $1,750, testing support and possibly weakening the short-term rally outlook.
Chart Confirms Uptrend Structure Despite Bearish Pullback Below $1,820 Level
Ethereum’s price faced temporary selling pressure after hitting a local high of $1,842. This led to a pullback below $1,820. The ETH price rally showed resilience because buyers entered the market near the $1,780 resistance point, which serves as a fundamental support threshold. A short-term contracting triangle pattern formed on the hourly chart indicates that the market needs time to stabilize before its next substantial movement. Trading volume has grown steadily during this period. This reflects the rising accumulation of market interest before an anticipated breakout occurs. The ETH key resistance maintains its position at $1,850 throughout the market.
Chart 1 – ETH/USD, published on TradingView, April 30, 2025.
Ethereum will face a renewed price rally from $1,850 resistance until reaching $1,920 and possibly extending to $2,000. The ETH price may face downward pressure and potentially retest levels at $1,750 or $1,620 if traders fail to push above $1,850. Technical indicators, MACD, and RSI display continuing bullish signs that support the possibility of another upward movement.
MACD Turns Bullish as Ethereum Builds Up Strength for Another Push Higher
With the MACD shifting into bullish territory and RSI climbing above 50, the ETH price rally appears poised for continuation. The current technical setup aligns with historical bounce zones near the $1,780 Ethereum price support. Volume remains healthy, and market participants are watching the $1,850 Ethereum key resistance as a potential breakout trigger. If Ethereum sustains this momentum, we may see a renewed Ethereum price rally above key psychological levels. This will attract further inflows into the ETH market from sidelined traders.
What’s Next: Will ETH Rally or Drop Below $1,750 Support?
There is currently a technical juncture for Ethereum. The ETH price surge may start a run toward $1,920 if it breaks above the $1,850 ETH key resistance. However, a decline to $1,750 or perhaps $1,620 could occur if it fails to hold above the $1,780 Ethereum price support. The Ethereum market remains in flux, driven by macro sentiment and on-chain activity. For now, the ETH price rally holds promise, but traders must closely watch support zones for clues. The question is – will the Ethereum price rally hold, or is another correction imminent?
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