Ethereum (ETH) Price Prediction: Struggles Near $1,820 Resistance – Reversal or Breakout?
Ethereum (ETH) has shown signs of bullish momentum in recent hours, but the rally seems to be losing steam near a key resistance zone. As of now, ETH is trading around $1,815, facing strong rejection just below the $1,820–$1,843 zone on the 1-hour chart.
Key Technical Levels
Current Price: $1,815.61
Resistance Zone: $1,820 – $1,843
Support Levels: $1,799 and $1,775
24H High/Low: $1,820.09 / $1,731.70
The chart shows multiple rejections around $1,820, confirming a short-term resistance level. The price is testing the 1-hour 7 MA (currently around $1,811), and closely hovering near the 25 and 99 MA levels, hinting at indecision in the market.
Technical Indicators
Volume: Currently decreasing after a strong push on April 30.
Trend: ETH is attempting a higher low, but still inside a broader sideways range.
Momentum: Bulls are active, but volume needs to increase to break out.
Scenarios to Watch
1. Bearish Rejection from $1,820
Price could drop back to $1,799 or lower to retest the $1,775 support.
Failure to hold support may push ETH toward the $1,731 zone again.
2. Bullish Breakout Above $1,843
If ETH breaks and closes above $1,843 with volume, next targets are:
$1,865 short-term
$1,900–$1,920 in extension
My Short-Term View
Ethereum is currently range-bound, and until we see a breakout above $1,843 with strong bullish volume, I remain cautious. Traders should wait for confirmation before entering new positions.
For Bears: Consider short entries on strong rejection at $1,820–$1,830 zone.
For Bulls: Wait for a breakout and retest of $1,843 with good volume.
What’s your take? Will ETH break out or get rejected again? Share your thoughts below!