Ethereum’s Price Dance: Will It Tango or Just Sit This One Out?

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Ethereum decided to throw a little party above $1,750 — because, why not? Now it’s hanging out, clutching its cocktail, trying not to mess up before that $1,840 soiree. 🥂

  • Ethereum kicked off a fresh rally above $1,750, like it just remembered it had somewhere to be.
  • It’s now casually trading above $1,720, comfortably above the 100-hourly Simple Moving Average—basically its version of a safety blanket.
  • A bullish trend line is holding its hand at $1,780 on the hourly chart, which is crypto-speak for “Don’t fall, buddy.”
  • If Ethereum clears $1,820, it might just start climbing again like it’s chasing an ice cream truck.

Ethereum Price Gains Momentum (or so it hopes)

After keeping steady above $1,650, Ethereum suddenly felt the urge for excitement and started climbing, kind of like Bitcoin doing its thing. Bulls pumped the price past $1,750 — proof that optimism is alive, if a little misguided.

There was even a moment where ETH poked above $1,800, reaching a high of $1,834—probably to impress the other cryptos at the bar. Then, just like that person who’s had one too many, it started consolidating, aka “waiting it out.” Dropped down to the 23.6% Fib retracement level because charts like vibes, and today they’re chill.

Trading keeps hovering above $1,720 and that beloved 100-hourly SMA. The cheering crowd aka the bullish trend line at $1,780 is still throwing supportive glances.

But upward movement isn’t guaranteed because $1,820 is acting like that friend who refuses to let you into the VIP section. Higher hurdles hang out at $1,840 and $1,880. If ETH somehow clears those, it might sprint to $1,920 faster than you can say “blockchain.”

Ethereum Chart Showing Price Movement

If it breaks $1,920, Ethereum could get wild and aim for $1,950 or even hit that elusive $2,000 mark — like aiming for a dream wedding budget but in crypto dollars.

Will Ethereum Catch a Fall Gracefully or Faceplant?

On the flip side, if $1,820 acts like a bouncer and keeps ETH out, the poor thing might start sliding down. First stop: $1,780, where friends might catch it. If not, it might tumble to $1,740, which sounds like an apartment number for struggling artists.

Drop below $1,740 and Ethereum could keep on slipping to $1,700 or even further — that’s the 50% Fib retracement playing the part of a sad ex pulling ETH back. More losses could land it near $1,665 or $1,620, basically knocking on the door of the “Why am I here?” club.

Technical Indicators: The Crystal Ball With Some Static

Hourly MACD – ETH’s momentum in the bullish zone is fading faster than a teenager’s enthusiasm for chores.

Hourly RSI – Hanging out just above 50, like it’s trying to stay positive but isn’t totally sure why.

Major Support Level – $1,740 (the financial equivalent of “catch me if you can”).

Major Resistance Level – $1,820 (the “you shall not pass” gatekeeper).

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2025-04-24 06:48