Ethereum (ETH) is showing strong recovery signs as it breaks past the critical $1,800 level and the 50-day exponential moving average (EMA), a key indicator of short-term momentum. After weeks of consolidation and sluggish price action, this breakout signals a potential trend reversal rather than just a short-lived bounce.
The $1,800 level has acted as a significant resistance zone since early March, and surpassing it with strong bullish volume underscores the seriousness of this move. The breakout was also accompanied by increased trading volume, indicating decisive action from bullish investors and reinforcing confidence in ETH’s upward trajectory.
Chart analysis shows that Ethereum has exited a consolidation pattern formed throughout April, adding further weight to the bullish momentum. The Relative Strength Index (RSI) remains in a healthy range, suggesting more room for upside without being overbought.
The next technical challenge lies at the 100 EMA, which if surpassed, could propel ETH toward the $2,100 to $2,200 range. A close above $1,800 would strengthen this bullish case. The ultimate confirmation of a sustained uptrend would come with Ethereum breaching the $2,500 level, aligning with the 200 EMA — a longer-term indicator closely watched by traders.
This breakout is more than just a price move — it could represent a structural shift in Ethereum’s market trend. Investors and traders will be watching closely in the coming days for follow-through momentum and confirmation that ETH is entering a new bullish phase.
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