Ethereum price is on track for its biggest weekly gain since early 2025, up 13.6% as of Saturday, April 26.
The rally saw Ethereum price hit a three-week high of $1,830 earlier in the week, a level not seen since late March. However, after hitting $1,830, Ethereum’s upward momentum stalled. Daily price ranges have been above the $1,760 support level for the past three days, suggesting a consolidation phase rather than outright continuation.
Technical indicators reflect a market situation that continues to favor the bulls. Both the daily and 4-hour RSIs are in bullish territory, supporting the view that momentum can still take Ethereum higher. However, price action suggests that Ethereum #ETH is still in a tight range. The 50-day moving average at $1,870 acts as immediate resistance, while the 20-day moving average at $1,700 offers immediate support. A breakout beyond either of these moving averages would likely set the tone for Ethereum’s next big move.
