Ethereum Price Surge: Trump’s Surprise Move Drives ETH Up 15%

Updated

April 11, 2025

Gambar Ethereum Price Surge: Trump’s Surprise Move Drives ETH Up 15%

Jakarta, Pintu News – Ethereum has recently shown significant improvement, with a price increase of more than 12% after moving steadily above $1,380. Like Bitcoin , Ethereum (ETH) is starting to show positive momentum by breaking through important resistance levels.

Ethereum Strengthening and Its Impact

After being above $1,380, Ethereum (ETH) started a sharp rise. The crypto managed to break the resistance at $1,450 and $1,500, which marked the beginning of a bullish trend. Furthermore, Ethereum (ETH) even managed to cross the $1,550 zone. This increase was supported by the breakdown of the bearish trend line on the hourly chart of the ETH/USD pair at the $1,470 resistance.

The rise didn’t stop there, Ethereum (ETH) continued to advance past the $1,620 resistance and peaked at $1,687. Currently, Ethereum (ETH) is consolidating above the 23.6% Fibonacci retracement level of the upward move from $1,384 to $1,687.

Also Read: Solana’s Whale Movement and Selling Pressure: What is the Impact on Crucial Support Levels?

Key Resistance and Support

In current trading, Ethereum (ETH) is above $1,550 and the 100-hour simple moving average. However, there is resistance near $1,650 to watch out for. If Ethereum (ETH) manages to cross this resistance, the next step would be to test $1,680. The next major resistance is at $1,720.

If Ethereum (ETH) can break $1,720, it might push the price towards $1,750. A further increase above $1,750 could open up opportunities for further gains towards the $1,850 or even $1,880 resistance zone in the near future.

Potential Correction and Support Levels

If Ethereum (ETH) fails to break the $1,650 resistance, there is a possibility of a downward correction. Initial support lies near $1,615, with the next major support in the $1,580 zone. A drop below $1,580 support could push the price towards $1,535 support and the 50% Fibonacci retracement level of the rise from $1,384 to $1,687.

Further downside could take Ethereum (ETH) price to $1,480 support in the near term. The next key support is at $1,420, which needs to be watched out for in case of further declines.

Conclusion

With strong momentum in the bullish zone, as indicated by MACD and RSI being above 50, Ethereum (ETH) seems to have the potential to continue its uptrend. However, it is important to pay attention to the resistance and support levels already mentioned in anticipation of the next price movement.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.