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Cryptocurrency News Articles
Ethereum (ETH) Price Analysis: Battling Resistance as It Attempts a Recovery from Recent Declines
Apr 01, 2025 at 03:50 pm
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is encountering significant resistance as it attempts a recovery from recent declines.
The second-largest cryptocurrency, Ethereum (ETH), is encountering strong resistance as it attempts a recovery from recent declines. The digital asset, which once reached above $2,000, has faced renewed pressure below the $1,850 mark in recent times.
As traders and investors monitor crucial technical levels, the question arises: will Ethereum manage to regain upward momentum from this point, or is another decline on the cards? This analysis delves into Ethereum’s recent price movements, key technical indicators, and the broader market context affecting its performance.
Ethereum’s recent journey in 2025 has been characterized by significant volatility, reflecting the broader cryptocurrency market’s own ups and downs. Having reached highs above $2,000, the ETH price encountered strong resistance that stalled further gains.
The cryptocurrency’s most recent downward movement has seen it test lower levels below the $1,850 threshold, with key technical indicators now suggesting crucial support and resistance points that could determine the next move in the ETH market.
Unlike Bitcoin, which has shown more resilience and recovered from key price levels, Ethereum has faced difficulties in maintaining its bullish momentum. It struggled to push past the $1,980 resistance and recently broke below $1,850, a critical price point.
As ETH hovers near key support, traders will be looking for confirmation from technical signals that will suggest the next trend.
Ethereum failed to maintain its upward trajectory as it encountered strong resistance in the $2,050 zone. Following this failure, the price started another decline, breaking below key support levels at $1,880 and $1,850.
The cryptocurrency tested a low of $1,765 before staging a modest recovery.
Several important developments in Ethereum’s technical picture should be noted by traders. The price movement below $1,860 and the 100-hourly Simple Moving Average (SMA) is a sign of a bearish short-term outlook.
Ethereum is now at a critical juncture, where it must overcome various resistance levels in order to embark on a significant rally.
Short-Term Recovery
Ethereum’s recent decline saw it test lows of $1,767, where the price formed a low and began a short-term recovery.
During this recovery wave, Ethereum managed to move above the $1,800 resistance, a sign of some buying interest. It also pushed above the 23.6% Fibonacci retracement level, which is being measured from the recent high at $2,033 to the low at $1,767.
The short-term recovery also saw Ethereum break above a key bearish trendline, with resistance at $1,810 on the hourly chart. However, despite these positive signals, ETH is still struggling to break through the critical resistance near $1,850.
Immediate Resistance Levels
Ethereum’s most significant hurdle lies just above the $1,850 mark. The price has been unable to sustain itself above this level, and a strong move to close above $1,860 could be pivotal in shifting the momentum to the upside.
The first major resistance is at the $1,900 level, which also coincides with the 50% Fibonacci retracement level from the recent high at $2,033 to the low at $1,767. A break above $1,900 might provide the needed catalyst for ETH to rally towards $2,000.
This psychological barrier will be crucial for bulls to clear, setting the stage for further gains towards $2,050 and potentially even $2,120. These levels are key for establishing a stronger bullish trend.
The Bearish Case: Another Potential Decline?
Despite the short-term recovery, the bearish case remains a possibility. Ethereum faces significant resistance in the $1,850-$1,860 zone, and if these levels continue to hold, a potential decline could follow.
Initial support on the downside is expected around the $1,800 mark. A drop below this level would put Ethereum’s next major support at $1,780.
If the price fails to hold this support, it could fall further towards the $1,765 level, testing the recent low. A break below $1,765 would likely lead to more substantial losses, with the $1,710 support level being an area of interest for traders.
After that, the next major support is anticipated at $1,665, an important level to monitor as ETH approaches the lower bounds of its recent range.
Key Technical Indicators
To understand Ethereum’s potential price direction, it’s essential to examine the key technical indicators that provide further insights into market sentiment.
MACD (
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