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Home»Analysis»Ethereum – price is confronted with a heavy test – Can it release the obstacle?
Analysis

Ethereum – price is confronted with a heavy test – Can it release the obstacle?

2025-04-01No Comments3 Mins Read
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Ethereum -Price started another decrease and traded under the level of $ 1,850. ETH is now consolidating and is confronted with important obstacles near the level of $ 1,850.

  • Ethereum had difficulty staying higher above the resistance level of $ 1,980.
  • The price trades under $ 1,860 and the 100-Urly simple advancing average.
  • There was a break over a connecting bearish trend line with resistance at $ 1,810 on the hourly table ETH/USD (data feed via Kraken).
  • The couple must erase the resistance levels of $ 1,850 and $ 1,880 to start a considerable increase.

Ethereum -Price tries recovery

Ethereum -price could not exceed higher than $ 2,050 and started a decrease, such as Bitcoin. ETH fell under the support levels of $ 1,880 and $ 1,850.

It tested the $ 1,765 zone. A low point was formed at $ 1,767 and the price recently started a recovery wave in the short term. The price climbed above the $ 1,800 resistance. There was a movement above the 23.6% FIB racement level of the downward movement of the $ 2,033 Swing high to $ 1,767 low.

There was also a break over a connecting bearish trend line with resistance at $ 1,810 on the ETH/USD card per hour. Ethereum price is now traded under $ 1,860 and the 100-hour simple advancing average.

See also  Bitcoin Price Attempts Recovery But Here’s Why Its Path Is Fill With Challenges

At the top the price seems to have to do with obstacles near the level of $ 1,850. The next key resistance is near the level of $ 1,860. The first major resistance is near the level of $ 1,900 and the 50% FIB racement level of the downward movement of the $ 2,033 Swing high to $ 1,767 low.

Ethereum -Price
Source: Ethusd on TradingView.com

A clear movement above the $ 1,900 resistance can send the price to $ 2,000 resistance. An upward break above the $ 2,000 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,050 resistance zone or even $ 2,120 in the short term.

Another decline of ETH?

If Ethereum did not know the resistance of $ 1,850, this can start a new decline. The first support on the disadvantage is near the level of $ 1,800. The first major support is near the $ 1,780 zone.

A clear movement under the support of $ 1,780 can push the price to $ 1,765 support. More losses can send the price in the short term to the support level of $ 1,710. The following key support is $ 1,665.

Technical indicators

Hour MacD – The MACD for ETH/USD loses Momentum in the bearish zone.

Hour RSI – The RSI for ETH/USD is now above 50 zone.

Major support level – $ 1,800

Main resistance level – $ 1,850

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confronted Ethereum heavy obstacle Price release Test
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