HomePrice PredictionsETH AnalysisEthereum Holds $1,800: Can Bulls Push for $1,860 and Beyond?

Ethereum Holds $1,800: Can Bulls Push for $1,860 and Beyond?

Date:

Ethereum Technical Analysis: 5 APR 2025

ETH Technical Analysis

Ethereum forming an ascending triangle pattern. Source: TradingView

General View

On the short-term chart, Ethereum is forming an ascending triangle pattern, signaling a growing bullish intent as price continues to print higher lows. This structure suggests that bulls are gradually absorbing supply, with momentum building for a potential breakout. Meanwhile, the higher time-frame picture remains capped by the 50 EMA, which has acted as a major resistance throughout the recent downtrend. If short-covering picks up pace, price could drive into that EMA zone, marking a critical test for bulls.

On The Upside

The immediate focus for the session is on the $1835 to $1845 level resistance zone, which is the short-term breakout region and holds plenty of unfilled inefficiency. A clean breakout above this level could open the door for a move toward $1880 to $1900 levels.

On The Downside

The rising trendline beneath the current price continues to serve as a key support structure for the day. This support is currently positioned at the $1800 level. Bulls need to hold this support level to keep the pattern validated, as any breakdown below this would once again expose Ethereum towards the lower ranges of $1765 to $1750.

ETH Technical Analysis

12-hour time-frame showing bullish divergence on RSI. Source: TradingView

Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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