Is ETH About to Break $2,000?
The post Is ETH About to Break $2,000? appeared on BitcoinEthereumNews.com.
Ethereum (ETH), the second-largest cryptocurrency by market cap, is starting to show fresh strength after months of sideways action. With renewed buying interest and improving technical signals, investors are wondering if Ethereum price is finally ready to push past key resistance levels. In this article, we will take a deep dive into the latest ETH charts, uncover the current market setup, and predict what could be next for Ethereum’s price. Is a breakout around the corner, or should traders brace for another pullback? Let’s find out. Ethereum Price Prediction: Where Ethereum Price Stands Today ETH/USD 1 Day Chart- TradingView Ethereum (ETH) is slowly regaining strength after weeks of sideways movement. At the time of writing, ETH is trading around $1,816 according to the daily chart. Over the past few sessions, Ethereum has started to break above short-term moving averages like the 20-day and 50-day SMA, hinting at a shift in momentum. The ADL (Accumulation/Distribution Line) is also showing signs of recovery, suggesting that smart money could be moving back into ETH. ETH/USD 1 Hr Chart- TradingView On the hourly chart, Ethereum has been trending upward from the $1,720 range, climbing smoothly above major support levels. However, a small pullback is visible, which is a normal reaction after a strong breakout. ETH is currently holding above key moving averages on the hourly timeframe, which supports the idea of a bullish continuation if buyers stay active. Is a Breakout Above $2,000 Possible Soon? Looking at the current structure, ETH price faces major resistance near the $1,800–$1,820 zone on the hourly chart, but it has already closed above this zone on the daily timeframe. This suggests that a retest of the $1,850 and even $1,900 levels could happen quickly if Bitcoin remains stable. If momentum stays strong and Ethereum bulls defend the $1,780–$1,800…
Filed under: News - @ April 27, 2025 6:18 am