{"id":56154,"date":"2025-04-02T03:28:24","date_gmt":"2025-04-02T03:28:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56154"},"modified":"2025-04-02T03:28:24","modified_gmt":"2025-04-02T03:28:24","slug":"ethereum-price-approaches-resistance-will-it-smash-through","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56154","title":{"rendered":"Ethereum Price Approaches Resistance\u2014Will It Smash Through?"},"content":{"rendered":"

Ethereum price started a recovery wave above the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,920 level.<\/em><\/p>\n

Ethereum started a recovery wave above $1,820 and $1,850 levels.
\nThe price is trading above $1,860 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear the $1,900 and $1,920 resistance levels to start a decent increase.<\/p>\n

Ethereum Price Starts Recovery<\/h2>\n

Ethereum price managed to stay above the $1,750 support zone and started a recovery wave, like Bitcoin<\/a>. ETH was able to climb above the $1,820 and $1,850 resistance levels.<\/p>\n

The bulls even pushed the price above the $1,880 resistance zone. There was a move above the 50% Fib retracement level of the downward wave from the $2,032 swing high to the $1,767 low. However, the bears are active near the $1,920 zone.<\/p>\n

Ethereum price is now trading above $1,850 and the 100-hourly Simple Moving Average<\/a>. There is also a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price seems to be facing hurdles near the $1,900 level. The next key resistance is near the $1,920 level and the 61.8% Fib retracement level of the downward wave from the $2,032 swing high to the $1,767 low.<\/p>\n

<\/a><\/p>\n

The first major resistance is near the $1,970 level. A clear move above the $1,970 resistance might send the price toward the $2,020 resistance. An upside break above the $2,020 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.<\/p>\n

Another Decline In ETH?<\/h2>\n

If Ethereum fails to clear the $1,920 resistance, it could start another decline. Initial support on the downside is near the $1,860 level and the trend line. The first major support sits near the $1,845 zone.<\/p>\n

A clear move below the $1,845 support might push the price toward the $1,800 support. Any more losses might send the price toward the $1,765 support level in the near term. The next key support sits at $1,710.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n

Major Support Level \u2013 $1,860<\/p>\n

Major Resistance Level \u2013 $1,920<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a recovery wave above the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,920 level. Ethereum started a recovery wave above $1,820 and $1,850 levels. The price is trading above $1,860 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at […]<\/p>\n","protected":false},"author":0,"featured_media":56155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56154"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56154"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56155"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}