Ethereum is once again showing signs of strength after a sharp dip, reigniting hopes of a bullish breakout. After plunging to $1,750 in a bearish wave, ETH has rebounded and is now approaching a critical resistance level at $1,850. The question is—can the bulls push through?
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Ethereum Price Rebounds
Much like Bitcoin, Ethereum recently saw a correction from $1,880, slipping below key support levels at $1,850 and $1,800, before finding a strong foothold around $1,750. A low was formed near $1,752, from which ETH began its recovery journey.
Since then, Ethereum has climbed:
Above $1,800, signaling renewed momentum.
Past the 100-hour Simple Moving Average (SMA).
Through the 50% Fibonacci retracement level of the $1,872 swing high to $1,752 low.
And notably, broke above a downward trend line with resistance near $1,820 on the hourly chart.
All signs suggest a shift in short-term sentiment in favor of the bulls.
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Resistance Ahead: Can ETH Break $1,850?
Despite the rebound, ETH now faces major resistance between $1,840 and $1,850—a zone aligning with the 76.4% Fib retracement level of the recent decline. If Ethereum can clear $1,850 convincingly, the next hurdles will be:
$1,880 – recent swing high and strong supply zone.
$1,920 – a psychological and technical barrier.
A successful rally past $1,920 could open the gates for $2,000–$2,050 in the near term.
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What If Ethereum Fails? Potential Downside
However, the bullish scenario isn’t guaranteed. If Ethereum fails to break above $1,850, a pullback is likely. Initial support lies at:
$1,820, followed by
$1,810, a key level to watch.
A clear move below $1,810 could pull ETH toward $1,780, and continued selling pressure might retest the $1,750 support zone. In a deeper correction, $1,665 stands as the next major support.
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Technical Indicators Snapshot
MACD (Hourly ETH/USD): Gaining momentum in the bullish zone.
RSI (Hourly ETH/USD): Holding above the 50 mark, signaling strength.
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Conclusion: Bulls Must Prove Themselves
Ethereum is in a make-or-break zone as it tests the $1,850 resistance. A breakout above $1,850 and $1,880 could ignite a strong upward push toward $2,000. But if rejection occurs, a retest of the $1,750 level—or lower—is back on the table.
For now, all eyes are on $1,850. The next few sessions will be critical.