Ethereum (ETH) continues to trade within a narrowing range around $1,800, following a series of lower highs since the peak in April near $1,910. Recent ETHEREUM price action shows hesitation between buyers and sellers, as the price oscillates in a symmetrical triangle pattern. With volatility compressing and indicators flashing neutral levels, ETH is heading towards a decisive moment ahead of May 7.
Ethereum Price Today: Testing the Triangle Apex Near $1,805
The 4-hour chart shows ETH testing the confluence of the 200 EMA line and horizontal support at $1,785–$1,800. This area also intersects with the lower boundary of the symmetrical triangle, formed after Ethereum recovered from a mid-April low of around $1,570.
The price is currently trading near $1,806.94, facing resistance from the upper triangle boundary at $1,845–$1,850. This range has halted several bullish attempts over the past two weeks. A clear breakout above this area could open the path to $1,910 and potentially $1,950, where the main supply lies from the early April distribution.
Ethereum Price Volatility is Decreasing: Indicators Show Uncertainty
Ethereum's recent consolidation is reflected in the narrowing volatility bands and converging oscillators. The Keltner channel on the 4H timeframe is tightening between $1,768 and $1,867. Price action remains closely aligned with the middle line, indicating a balance of momentum.
RSI is 45.88 with random RSI oscillating below 50. Both indicators reflect neutrality, with no extreme oversold or overbought points. Meanwhile, MACD remains below the zero line but is moving sideways, indicating that selling pressure has decreased, but no bullish cross has appeared to trigger confidence.
Ethereum Price Update: Support Clusters at $1,775–$1,785 Hold the Key
The EMA cluster (20/50/100/200) on the 4H chart is currently converging between $1,779 and $1,818, creating a dense support-resistance zone. Any decisive move through this area is likely to determine the next leg of ETH's movement.
A break below $1,775 could lead to a retest of the $1,720–$1,740 area, followed by deeper support near $1,680 if the downward momentum accelerates. On the other hand, if buyers can hold the triangle base and reclaim $1,846, the upward momentum could quickly turn favorable for buyers.
Why is Ethereum's Price Decreasing/Increased Today?
Ethereum's price today largely reacts to the structural compression between trend lines and EMA. The lack of directional volatility and flat momentum indicators suggest that traders are waiting for confirmation. Without significant volume, ETH may continue to coil within this triangle pattern. The eventual breakout—up or down—will set the tone for Ethereum's May trajectory.
Ethereum Price Prediction (ETH) May 7
With a symmetrical triangle structure and the EMA cluster acting as a pivot area, ETHEREUM is likely to remain within the constrained range unless a breakout occurs. A daily close above $1,850 could trigger a rapid bullish surge to $1,910. However, a rejection risks sliding down to $1,775 and potentially $1,740 in the near term. The next 24 hours may bring a surge in volatility as Ethereum approaches the triangle peak.
Ethereum Price Forecast Table (ETH) – May 7, 2025
