Can Ethereum Bulls Break Through the Barrier?

Ethereum ($ETH) is staging a recovery after touching a low near $1,750 during the recent pullback. The price has climbed back above $1,800 and is now testing key resistance levels, signaling a potential bullish continuation if momentum holds.

Key Developments:

ETH bounced from $1,752 support and reclaimed the $1,800 and $1,810 zones.

A breakout occurred above a descending trendline at $1,820 on the hourly chart.

Price is now holding above the 100-hour SMA, showing strength in the short term.

Resistance Levels to Watch:

Immediate resistance: $1,840 – $1,850

Stronger barrier: $1,880

A clean break above $1,880 could open the door toward $1,920, with potential upside toward $2,000 – $2,050 if bullish momentum extends.

Key Supports:

Initial support: $1,820

Stronger support: $1,810

Below $1,810, watch for potential declines toward $1,780 and $1,750. A deeper drop could target $1,665.

Technical Snapshot:

The MACD is gaining strength in bullish territory.

The RSI remains above 50, supporting upward bias.

Ethereum’s trend remains cautiously bullish as long as it holds above key supports. A breakout above $1,850 could pave the way for further gains.

Sharing this analysis as part of my journey on Binance Square Write to Earn, delivering timely insights and market updates for the crypto community.

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