The Ethereum News predictionEthereum market structure continues to strengthen as ETH establishes higher lows above the psychologically important $1,800 threshold. The second-largest cryptocurrency by market capitalization has demonstrated resilience during recent market fluctuations, building a foundation for potential upward movement.
ETH successfully reclaimed the $1,820 level, transforming former resistance into support
Price action remains comfortably above both the 100-hour moving average and a rising trendline
Market participants are closely watching the $1,850 barrier for confirmation of continued momentum
Volume patterns suggest accumulation is occurring at current levels
Technical Setup Favors Bullish Continuation
Ethereum's recovery from the $1,752 swing low has been methodical, with the asset retracing approximately 50% of its previous decline. The formation of higher lows on the hourly chart indicates growing buying pressure, particularly in the $1,810-$1,820 range where multiple tests have held.
The 76.4% Fibonacci retracement level near $1,840 presents the immediate challenge for bulls. A decisive close above this zone would open the door for a retest of the recent swing high at $1,872. Beyond that, the $1,920 level emerges as significant resistance that previously capped upward moves.
Should momentum continue building, traders anticipate potential tests of the psychological $2,000 barrier. The weekly chart shows limited historical resistance between $1,950 and $2,050, suggesting that a breakout could see accelerated movement toward these targets.
Critical Support Levels to Monitor
While the technical picture appears constructive, prudent traders are marking key support areas that could indicate weakening momentum. The confluence of support near $1,810 - combining the rising trendline and previous resistance-turned-support - represents the first line of defense for bulls.
A failure to hold $1,810 would likely trigger a retest of the $1,780 zone, where substantial buying interest emerged during recent sessions. Below this, the $1,750 level served as a reliable floor during the latest consolidation phase.
Market depth analysis reveals strong bids clustered around $1,665, making this level particularly significant should broader market conditions deteriorate. However, current order flow dynamics suggest this scenario remains less probable in the immediate term.
Technical Indicators Overview
Momentum oscillators show bullish divergence developing across multiple timeframes
The Relative Strength Index maintains its position above the neutral 50 level
Volume profile indicates increasing participation during upward moves
Key Support: $1,810 (confluence zone)
Key Resistance: $1,850 (immediate hurdle)