Ethereum Eyes $2,000 as Bullish Momentum Builds Despite Weak Volume

Ethereum (ETH) is making a renewed push toward the $2,000 level, a key psychological and technical milestone it hasn't tested since early March. The recent breakout above the 50-day exponential moving average (EMA), currently near $1,743, signals strengthening bullish momentum following a long period of consolidation and failed rallies. At the time of writing, ETH is trading around $1,830 after forming a pattern of higher lows and decisively breaking above the $1,800 resistance zone.

This break above the 50 EMA is notable—not just symbolically, but historically—serving as a launching point for previous bullish runs. With the path now open toward higher resistance between $2,000 and $2,160, Ethereum appears technically positioned for further gains. However, the rally’s strength is being questioned due to steadily declining daily trading volume. This divergence between price and volume suggests the breakout lacks strong conviction, a warning sign for bulls.

In healthy uptrends, volume typically rises in tandem with price, fueling sustainable growth. Without a significant uptick in buying pressure, ETH may struggle to maintain its current momentum. If the $2,000 resistance breaks with increased volume, it could attract fresh inflows and reset market sentiment. Conversely, failure to clear this level could lead to a pullback, with support expected between $1,750 and $1,700—zones that may act as a retest of the recent breakout.

As May begins, all eyes are on whether bulls can sustain this move or if Ethereum will once again retreat. Watch the $2,000 resistance and $1,800 support closely; the next decisive move will likely shape ETH’s short-term trajectory and market confidence.