$ETH Eyes $1,850: Will the Bullish Momentum Sustain?

Post:

As of May 1, 2025, Ethereum ($ETH ) is trading at $1,807.28, marking a modest intraday gain of 0.087%. The day's trading range has seen lows of $1,748.61 and highs of $1,816.17.

Technical indicators suggest a bullish trend:​

Relative Strength Index (RSI): Currently at 62 on the 4-hour chart, indicating bullish momentum without being overbought. ​

Moving Averages: The 50-Day Moving Average stands at $3,850, and the 200-Day at $3,400, both supporting an upward trajectory. ​

Market sentiment remains positive, bolstered by a $5.8 million inflow into Ethereum ETFs reported by Fidelity today. ​

Blockchain News

Trading Strategy:

If $ETH maintains support above $1,800, a push towards the $1,850 resistance level is plausible. However, traders should monitor for potential pullbacks if RSI approaches overbought territory.​

What's your take? Are you bullish or bearish on ETH's short-term movement? Share your thoughts below!