Ethereum Grips $1,800 Resistance — $2,000 Remains in Sight

Apr 23, 2025 08:00 am Cryptocurrency 210

Key Takeaways:

Ethereum surged over 15% recently, approaching the $1,800 resistance zone.

Investor sentiment remains pressured by institutional selling and lackluster network activity.

Yet potential staking ETF approval and technical upgrades may fuel a stronger recovery.

Ethereum has staged an impressive rally, climbing over 15% in recent days and approaching a key technical resistance just below $1,800. Despite renewed interest, institutional sell-offs and weak on-chain activity pose significant headwinds.

ETH Surges above $1,700 on Renewed Momentum

Ethereum’s price is showing strength above the $1,650 level after weeks of moving sideways. The break-out was further confirmed since it followed bullish technical formations on the hourly ETH/USD chart and a subsequent break above the 100-hourly simple moving average. It was the highest touch by the crypto asset since it crested $1,800 and a key area of interest for traders.

..

Support the originator by clicking the read the rest link below.