{"id":61571,"date":"2025-04-24T03:28:28","date_gmt":"2025-04-24T03:28:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61571"},"modified":"2025-04-24T03:28:28","modified_gmt":"2025-04-24T03:28:28","slug":"ethereum-price-holds-ground-after-surge-consolidation-or-reversal","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61571","title":{"rendered":"Ethereum Price Holds Ground After Surge \u2014 Consolidation or Reversal?"},"content":{"rendered":"

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.<\/em><\/p>\n

Ethereum started a fresh rally above the $1,750 zone.
\nThe price is trading above $1,720 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it clears the $1,820 resistance zone.<\/p>\n

Ethereum Price Gains Momentum<\/h2>\n

Ethereum price remained stable above the $1,650 level and started a fresh increase, like Bitcoin<\/a>. ETH traded above the $1,700 and $1,720 levels. The bulls even pumped the price above the $1,750 level.<\/p>\n

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.<\/p>\n

Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average<\/a>. There is also a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH\/USD.<\/p>\n

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 $1,920 resistance.<\/p>\n

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

An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,740 zone.<\/p>\n

A clear move below the $1,740 support might push the price toward the $1,700 support or the 50% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. Any more losses might send the price toward the $1,665 support level in the near term. The next key support sits at $1,620.<\/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 $1,740<\/p>\n

Major Resistance Level \u2013 $1,820<\/p>","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":0,"featured_media":61572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61571","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\/61571"}],"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=61571"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61572"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}