Ethereum (ETH) Surges, Is $2,000 the Next Target?

Updated

April 28, 2025

Gambar Ethereum (ETH) Surges, Is $2,000 the Next Target?

Jakarta, Pintu News – Ethereum , the second-largest cryptocurrency after Bitcoin , has recorded a significant gain of 12.3% in the past seven days. This rise has been supported by a consistent uptrend since the sharp recovery from $1,550 that began on Tuesday. Now, Ethereum (ETH) faces the challenge of breaking through strong resistance at $1,800, with hopes of reaching $2,000 before the end of April.

Resistance Breakout to Support

In its latest move, Ethereum (ETH) managed to break three resistance levels that had previously resisted its price rise during April. These levels are located at $1,590, $1,654, and $1,703. After successfully crossing these levels, Ethereum (ETH) continued to move up with strong momentum until it reached the area near $1,800.

After touching this zone, Ethereum (ETH) price experienced mild rejection, dropping back down to the $1,730 range before finding support and starting a more gradual rise again. If Ethereum (ETH) manages to close above $1,800, this could trigger further gains towards the next target around $1,840 or higher.

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Ethereum (ETH) Bullish Outlook

As long as Ethereum (ETH) remains above $1,703, the current uptrend is still in effect. The bullish sentiment will be maintained as long as Ethereum (ETH) does not decline below $1,654. The support levels of $1,703, $1,654, and $1,590 now act as key zones that could attract buyers in case of a drop.

The $1,654 support zone on the 4-hour chart is of particular importance as it has a high probability of triggering a bounce if tested. Preservation of this level is important to maintain the short-term bullish bias for Ethereum (ETH). If the price drops below the $1,654 support, it may change the short-term outlook to neutral or bearish.

Investment and Accumulation Strategy

The $1,590 support level is considered a low-risk zone for re-entry, with the most favorable risk-to-reward ratio. At this level, smart money traders will likely accumulate Ethereum (ETH), anticipating further gains. Investors should take note of this support level as a potential entry point for the long term.

Monitoring these support and resistance levels is important in investment strategies on Ethereum (ETH). Keeping positions above key support levels and capitalizing on resistance breakouts can provide good investment opportunities in these volatile market conditions.

Conclusion

With strong support and continued momentum, Ethereum (ETH) has the potential to reach and even surpass the $2,000 target. Investors and traders should stay alert to price movements and adjust their strategies according to dynamic market conditions.

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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.