Ethereum Price Upside Potential: Is $2,000 the Next Target?

Updated

April 30, 2025

Gambar Ethereum Price Upside Potential: Is $2,000 the Next Target?

Jakarta, Pintu News – Ethereum recently experienced a price correction below the $1,780 level, but managed to maintain stability in the $1,800 zone. With the current market conditions looking firm, Ethereum (ETH) may try to break through higher resistance levels.

Introduction: Ethereum’s Stability and Upside Potential

After experiencing a decline, Ethereum (ETH) showed resilience by not falling below $1,725. From a low of $1,746, Ethereum (ETH) managed to break back through the $1,770 resistance level. This rise was also supported by the recovery above the 23.6% Fibonacci retracement level of the previous decline that started from $1,857 to $1,746.

Although Ethereum (ETH) briefly approached the $1,800 resistance, there has been no steady close above that level. Currently, Ethereum (ETH) is trading above $1,770 and the 100-hourly simple moving average. However, there are some obstacles to be faced near the $1,800 level, with the next key resistance being at $1,820.

Also Read: XRP Surges to $2.32: Can it Survive Crypto Whale Selling Pressure?

Further Upside Opportunities

If Ethereum (ETH) manages to break the $1,820 resistance, the opportunity to reach higher levels is wide open. The first major resistance is at $1,850, and a clear break above this level could push the price towards $1,920. If this bullish momentum continues, it is possible that Ethereum (ETH) will reach the $1,950 or even $2,000 resistance zone in the near future.

Technical indicators are currently showing positive signals, with the Moving Average Convergence Divergence (MACD) for ETH/USD showing bullish momentum in the positive zone. In addition, the Relative Strength Index (RSI) for ETH/USD is now above the 50 zone, signaling strength on the buyers’ side.

Possible Downgrade

However, if Ethereum (ETH) fails to break the $1,820 resistance, there is a possibility that the price will experience a fresh decline. Initial support lies near $1,770, with the next major support in the $1,750 zone. A drop below this support could push Ethereum (ETH) prices towards $1,650 support, and if selling pressure persists, prices could drop to the $1,620 support level or even $1,550. It is important to monitor these indicators and price movements in the market to anticipate possible trend changes.

Cover: Ethereum’s Prospects in the Crypto Market

With market conditions currently tilted in favor of the upside, Ethereum (ETH) has the potential to reach higher price levels. Investors and traders should stay alert to price movements and use technical analysis to make informed investment decisions.

Also Read: Is Bitcoin Miner’s Sales Hold a Good Sign?

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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. Crypto trading activities are subject to 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.