- Ethereum has broken above the key $1,820 resistance level, signaling a potential rally toward $1,850 and possibly $1,920 as bullish momentum builds.
- However, if the breakout fails, a pullback to support levels around $1,750 remains a risk.
Ethereum is showing renewed strength after breaking through the critical $1,820 resistance level, sparking optimism for a potential rally toward $1,850 and possibly $1,920. Despite facing bearish pressure in recent days, the second-largest cryptocurrency has proven resilient, with bulls defending key support zones and setting the stage for a fresh upward move.
At the time of writing, Ethereum is trading at $1,821.44, marking a modest 0.22% gain in the last 24 hours. More importantly, it’s holding above the $1,770 support and the 100-hour Simple Moving Average, which reinforces its current bullish setup. Technical indicators also support the case for an upward continuation: the MACD has crossed into bullish territory, and the RSI remains comfortably above the 50 mark.
Bullish Indicators Point to Rally
The ETH/USD pair recently pierced through a descending trendline resistance at $1,820, confirming buyers’ growing confidence. If this breakout holds, Ethereum could target the next major resistance at $1,850, with a potential stretch to $1,920 in the coming sessions.
Trading volume remains robust at $17.15 billion over the past 24 hours, and Ethereum’s market cap has climbed to $219.61 billion, reflecting a 0.64% daily increase. These figures highlight the increasing interest and positive sentiment around Ethereum, both of which are essential for sustaining further gains.
Consolidation or Correction?
However, Ethereum’s path is not without challenges. The $1,820–$1,850 zone remains a strong battleground between bulls and bears. A rejection at these levels could trigger a pullback toward $1,750 or even $1,650, especially if market sentiment shifts or trading volume dries up.
Still, with the broader cryptocurrency market showing signs of recovery and Ethereum maintaining technical strength, traders are closely watching for a decisive move. A confirmed breakout above $1,820 could validate the bullish trend and ignite further price action to the upside.
Ethereum’s recent surge past $1,820 has injected fresh hope into the market. Whether it’s the beginning of a broader rally or a temporary blip depends on how well the bulls can defend this breakout. As the market consolidates and prepares for its next move, $1,850 is now the key level to watch.
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