Ethereum (ETH) has recently experienced a notable rebound, surging over 21% from a low of $1,380. This uptick follows a shift in macroeconomic sentiment after U.S. President Donald Trump announced a 90-day pause on tariffs for all countries except China.

Current Market Position

  • Price Level: ETH is currently trading at $1,560, having faced resistance in maintaining levels above $1,600.​

  • Key Resistance: The critical resistance level to watch is $1,800. A successful breach of this level could signal a stronger bullish trend.​

Technical Indicators

  • Market Structure: Despite the recent surge, Ethereum's market structure shows vulnerability, with lower highs observed in recent sessions.​
    Support Levels: Maintaining support above $1,500 is crucial to prevent a potential decline toward the $1,300–$1,200 range.​

Market Sentiment

  • Investor Outlook: The community remains divided; some investors are optimistic about further gains, while others brace for potential new lows.​

  • External Factors: Ongoing tariff tensions and concerns about global economic growth continue to influence market sentiment.​

Looking Ahead

  • Bullish Scenario: A sustained move above $1,600, followed by a break through the $1,800 resistance, could pave the way for a more robust recovery.​

  • Bearish Scenario: Failure to hold the $1,500 support level may lead to a retest of lower support zones around $1,300–$1,200.​

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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.