Ethereum Price Fights for Momentum—Traders Watch Key Resistance

Apr 18, 2025 04:00 am Cryptocurrency 377

Ethereum price started a fresh decline below the $1,620 zone. ETH is now consolidating and might attempt to recover above the $1,620 resistance.

Ethereum started a fresh decline below the $1,620 and $1,600 levels.

The price is trading below $1,620 and the 100-hourly Simple Moving Average.

There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase if it clears the $1,615 resistance zone.

Ethereum Price Faces Hurdles

Ethereum price struggled to continue higher above $1,690 and started a fresh decline, like Bitcoin. ETH declined below the $1,600 and $1,580 support levels. It even spiked below $1,550.

A low was formed at $1,538 and the price is now attempting a recovery wave. There was a move above the $1,580 level. The price climbed above the 23.6% Fib retracement level of the ethereum price fights momentum traders watch resistance