The post Ethereum Price Holds Ground After Surge — Consolidation or Reversal? appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a fresh surge above the $1,750 resistance. ETH is now consolidating gains and might attempt to clear the $1,840 resistance. Ethereum started a fresh rally above the $1,750 zone. The price is trading above $1,720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,820 resistance zone. Ethereum Price Gains Momentum Ethereum price remained stable above the $1,650 level and started a fresh increase, like Bitcoin. ETH traded above the $1,700 and $1,720 levels. The bulls even pumped the price above the $1,750 level. The pair even spiked above the $1,800 zone. A high was formed at $1,8343 and the price recently started a consolidation phase. There was a drop toward the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,840 level. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the…

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Filed under: News - @ April 24, 2025 4:29 am