Ethereum Price Climbs to $1,850 But Faces Resistance Ahead

Ethereum (ETH) has surged 3.14% to reach $1,850, sparking hopes of a broader market recovery. However, technical indicators suggest this rally may be premature. ETH is now trading just above its 50-day Exponential Moving Average (EMA), recently flipped into support — a generally bullish sign when paired with tight consolidation. The next key resistance levels are the 100-day EMA at $2,148 and the 200-day EMA at $2,469. A clean breakout above these levels could confirm a trend reversal and renew medium-term bullish momentum.

Despite the price rise, trading volume remains lackluster — a critical red flag. Previous strong Ethereum rallies were accompanied by significant spikes in volume and volatility, neither of which are currently present. This indicates the move could easily reverse if broader market sentiment shifts or if Bitcoin faces a correction.

The Relative Strength Index (RSI) currently sits at 59, suggesting ETH still has room to climb before entering overbought territory. However, RSI alone isn't enough to confirm strength without rising volume. Some traders may interpret the current price action as quiet accumulation, but that remains speculative without further confirmation.

For Ethereum to regain a strong bullish narrative, it must break decisively above the 100 EMA with increased volume and volatility. Until then, this recent uptick is best viewed as a cautious bounce rather than a confirmed trend reversal. The $2,150 level will be a critical zone to watch in determining ETH’s short-term direction.