Fun

Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line?

News Feed - 2025-04-26 05:04:30

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Ethereum is trading above $1,700 after a volatile few weeks, with bulls now trying to reclaim higher levels and flip resistance into support. Despite lingering macroeconomic tensions and the ongoing trade standoff between the US and China, markets are beginning to price in optimism as investors anticipate progress in negotiations. This renewed sentiment has lifted risk assets like ETH, which is showing early signs of a potential breakout. Related Reading Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected 1 day ago


Analysts are closely watching Ethereum’s current price action, which suggests a possible shift in trend. Top analyst Daan shared a technical view on X, highlighting that ETH is attempting to retake its previous horizontal support around $1,750. If successful, this would mark the first time in months that Ethereum reclaims a key support level after previously rejecting it and setting lower lows.


As Ethereum fights to regain lost ground, all eyes are on this critical level. A breakout here could lead to a renewed surge across the altcoin market, reinforcing growing speculation that the worst of the correction may already be behind us. Ethereum Bulls Attempt to Shift Market Structure


Ethereum has rallied impressively, gaining over 32% from its local low of $1,383. This recovery has brought ETH to a critical price level, where bulls must hold and build momentum to break the broader downtrend that has defined much of 2024. A sustained move above current levels could mark a long-awaited shift in market structure, providing confidence that Ethereum is ready to trend higher over the medium term.


However, broader macroeconomic forces continue to weigh heavily on investor sentiment. Ongoing trade tensions between the United States and China remain unresolved, with each new tariff threat adding further strain on global supply chains. These geopolitical pressures threaten to limit risk appetite, and any further escalation could stall Ethereum’s recovery. On the flip side, a diplomatic breakthrough could trigger a strong shift in investor positioning across all risk assets, including crypto.


In the meantime, Ethereum must defend current levels to keep bullish momentum intact. Daan’s analysis highlighted that ETH is currently testing the $1,750 level, which previously acted as key support. If Ethereum can reclaim this horizontal zone, it would mark the first time in months that ETH retakes rather than rejects a critical level. Daan emphasized that daily closes above $1,750 are ideal and would confirm strength, potentially opening the door for a larger breakout. Ethereum testing the $1,750 level | Source: Daan on X Related Reading Ethereum Forms ‘A Huge Inverse Head & Shoulders’ – $20K Target In Sight? 1 day ago ETH Price Holds Key Levels, Bulls Must Reclaim $2K Soon


Ethereum is currently trading at $1,770, maintaining strength above the 4-hour 200 EMA—a key short-term indicator that has historically acted as both resistance and support during critical trend shifts. Bulls have managed to defend this level over the past few sessions, signaling growing confidence and momentum as Ethereum attempts to recover from its recent downtrend. ETH testing previous support turned into resistance | Source: ETHUSDT chart on TradingView


Holding above the $1,700 zone is now essential to avoid triggering another wave of selling. This level has become the new battleground for bulls and bears, and continued consolidation above it may lay the groundwork for a broader rally. The next major objective is a decisive reclaim of the $2,000 level. A breakout above this threshold would mark a strong shift in sentiment and could trigger additional upside as sidelined buyers re-enter the market. Related Reading Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead 1 day ago


However, caution remains warranted. A failure to hold current support would invalidate the recovery narrative and open the door to further losses. If Ethereum breaks below $1,700 with volume, it could revisit the $1,500 level, which has acted as a historical demand zone. That would reinforce a longer-term bearish structure and delay any hopes of a full-scale recovery. Featured image from Dall-E, chart from TradingView

News Feed

Concierge Service Catering to Crypto Whales Sees 500% Increase in Clients Over the Last 6 Months 
Concierge Service Catering to Crypto Whales Sees 500% Increase in Clients Over the Last 6 Months  On Tuesday, Concierge.io, the exclusive travel service backed by Travala.com anno
‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023
"Oil Prices North of $200" per Barrel — Investor Expects Oil to "Crush" Every Investment in 2023 Amid the dreary global economy, a number of market strategists and analysts belie
Brian Quarmby7 hours agoInvestors still waiting on $1.9M refund Logan Paul promised 6 months ago: CoffeezillaCoffezilla asserted that the refund process should be easy to sort, and the financial implications aren’t an
Crypto Expert Discloses ‘Hidden Altcoin Gem’ With 1,900% Upside
Este artículo también está disponible en español. In his latest video analysis titled “I Just APED Into This Hidden RWA Altcoin Gem! [20x Potential],” promine
Avail closes $27M seed round led by Founders Fund, Dragonfly
Zoltan Vardai10 hours agoAvail closes $27M seed round led by Founders Fund, DragonflyAvail aims to use the funds to solve the fragmentation issues of the Web3 industry.4400 Total views1 Total sharesListen to article 0:00
Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ana Paula Pereira2 hours agoJPMorgan moves into deposit tokens for settlements: ReportJPMorgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clie
UK Widens Crackdown on Unauthorized Crypto ATMs
UK Widens Crackdown on Unauthorized Crypto ATMs Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurr
Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
Stablecoins Cannot Function as Money Because They Have No "Assured Value" — Bank of England Governor Andrew Bailey, the governor of the Bank of England, has asserted that stablec
Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
Amaka Nwaokocha10 hours agoGalaxy Research warns of sustainability issues for Bitcoin layer-2 rollupsThe future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
Turner Wright4 hours agoFinCEN issues alert regarding crypto transactions connected to HamasThe government department warned virtual asset service providers and other financial institutions to “identify and report susp
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying "It Could Have Been a Billion" On August 10, the decentralized finance (defi) pro