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Crypto News: Ethereum’s Bullish Trend Gains Momentum — ETH Could Jump 12.87% by April 17

Ethereum Shows Strength Near $1,600, Eyes Breakout Toward $1,720

Ethereum is drawing renewed interest from traders as it stabilizes above $1,580, showing signs of bullish momentum. After building a strong base around $1,500, ETH surged through multiple resistance levels, igniting optimism among investors. Though it’s currently experiencing a slight pullback, the trend remains upward, setting the stage for a potential breakout toward $1,720 by April 17.

Ethereum Price Holds Strong Near Key Supports

Following its climb above $1,580 and $1,620, Ethereum is consolidating with cautious bullish sentiment. The price recently reached $1,668 before dipping slightly below $1,600. Still, as long as the $1,575 support level holds, the broader trend remains positive. Traders are closely monitoring the resistance around $1,640, a key level that could define ETH’s next move.

Chart 1 – Source: aayushjindal via TradingView, April 14, 2025

Technical indicators back the bullish case. The hourly Relative Strength Index (RSI) remains above 50, and the Moving Average Convergence Divergence (MACD) continues to stay in positive territory. This suggests underlying strength and growing buyer interest, especially if ETH can reclaim momentum above $1,665.

Upside Targets: $1,720 in Sight

Ethereum’s immediate resistance stands near $1,665, followed by a stronger barrier at $1,680. A breakout beyond these levels could open the door for a move to $1,720. A close above that point may even propel ETH to $1,750 or $1,800.

A recent projection from April 12 suggests ETH could climb as high as $1,854.76 by April 17—a 12.87% increase from its current price. However, if ETH fails to break $1,640, a pullback to $1,600 or even $1,575 is possible. These levels align with the 50% Fibonacci retracement of the recent rally, and a deeper decline could test support at $1,520.