Ethereum Price: Is it Breaking Out or Just Pretending?

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So, Ethereum’s been flirting with the idea of going down (under $1,780), but now it’s just chilling around the $1,800 zone, waiting for its next big move. Spoiler: it could aim for a thrilling ride above $1,820. Or not. Who knows? 🤷‍♀️

  • Ethereum started playing hard to get and dipped below $1,765. Classic move.
  • It’s still hanging out above $1,770 and the 100-hourly Simple Moving Average—talk about stability!
  • There’s a sneaky bearish trend line forming, and it’s all like, “Nope, not so fast” around $1,815. (Chart from Kraken, because of course.)
  • If Ethereum has the guts to break above $1,820, well… things could get interesting. Or they won’t. It’s Ethereum, after all.

Ethereum’s Big (Maybe) Breakout

Ethereum’s keeping its cool above the $1,725 level, while Bitcoin’s off doing its thing. ETH dipped to $1,746 before making a dramatic recovery above $1,770. It’s like a soap opera, but with charts and numbers.

The price danced above the 23.6% Fib retracement level (because why not?) after coming down from that high of $1,857 to a low of $1,746. It almost broke above $1,800, but nope—no close above that level. Sorry to disappoint. 💔

It got smacked down around the 50% Fib level—because who doesn’t love a good challenge?—and now we’re dealing with a resistance wall at $1,815, which is just fabulous for all the trend-line lovers out there.

Currently, Ethereum’s above $1,770 and the 100-hourly SMA, but don’t get too comfy. The next hurdle? You guessed it: $1,800. The real tea is at $1,820, though. If it clears that, we might actually see some fireworks. 🎇

The first major resistance is hanging out around $1,850, and a smooth break above that could catapult Ethereum to $1,920. If that happens, I guess we’ll all be riding the wave to $2,000 or something. 🚀

What Happens If It All Falls Apart? 🤔

But if Ethereum doesn’t manage to bust through $1,820, then we’re looking at another decline. How far down will it go? Well, it could slide to $1,770, then $1,750, and if it’s feeling especially dramatic, we might see $1,650. And if it’s a real mess? It’s headed to $1,620. Let’s hope it doesn’t come to that. 🙄

For those who love a good breakdown of numbers, here’s a bit of technical jazz:

Hourly MACD – The MACD’s looking like it might just be getting its groove back in the bullish zone.

Hourly RSI – ETH/USD RSI is chilling above the 50 zone, so things aren’t terrible… yet.

Major Support Level – $1,770 (hold on tight!)

Major Resistance Level – $1,820 (don’t make me laugh…)

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2025-04-29 06:42