{"id":58141,"date":"2025-04-10T03:28:57","date_gmt":"2025-04-10T03:28:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=58141"},"modified":"2025-04-10T03:28:57","modified_gmt":"2025-04-10T03:28:57","slug":"ethereum-price-on-the-rise-trumps-surprise-move-sends-eth-up-15","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=58141","title":{"rendered":"Ethereum Price On The Rise: Trump\u2019s Surprise Move Sends ETH Up 15%"},"content":{"rendered":"

Ethereum price started a fresh increase above the $1,600 zone. ETH is now up nearly 15% and might attempt a move above the $1,680 zone.<\/em><\/p>\n

Ethereum started a decent increase above the $1,550 and $1,600 levels.
\nThe price is trading above $1,550 and the 100-hourly Simple Moving Average.
\nThere was a break above a key bearish trend line with resistance at $1,470 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair tested the $1,680 resistance zone and might correct some gains.<\/p>\n

Ethereum Price Jumps Over 12%<\/h2>\n

Ethereum price formed a base above $1,380 and started a fresh increase, like Bitcoin<\/a>. ETH gained pace for a move above the $1,450 and $1,500 resistance levels.<\/p>\n

The bulls even pumped the price above the $1,550 zone. There was a break above a key bearish trend line<\/a> with resistance at $1,470 on the hourly chart of ETH\/USD. The pair even cleared the $1,620 resistance zone. A high was formed at $1,687 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $1,384 swing low to the $1,687 high.<\/p>\n

Ethereum price is now trading above $1,550 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,650 level.<\/p>\n

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

The next key resistance is near the $1,680 level. The first major resistance is near the $1,720 level. A clear move above the $1,720 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,850 resistance zone or even $1,880 in the near term.<\/p>\n

Are Dips Limited In ETH?<\/h2>\n

If Ethereum fails to clear the $1,650 resistance, it could start a downside correction. Initial support on the downside is near the $1,615 level. The first major support sits near the $1,580 zone.<\/p>\n

A clear move below the $1,580 support might push the price toward the $1,535 support and the 50% Fib retracement level of the upward move from the $1,384 swing low to the $1,687 high. Any more losses might send the price toward the $1,480 support level in the near term. The next key support sits at $1,420.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $1,535<\/p>\n

Major Resistance Level \u2013 $1,650<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $1,600 zone. ETH is now up nearly 15% and might attempt a move above the $1,680 zone. Ethereum started a decent increase above the $1,550 and $1,600 levels. The price is trading above $1,550 and the 100-hourly Simple Moving Average. There was a break above a key […]<\/p>\n","protected":false},"author":0,"featured_media":58142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58141","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\/58141"}],"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=58141"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58142"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}