Ethereum Price Faces a Tough Test—Can It Clear the Hurdle?

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Ethereum‘s Rollercoaster: Will It Soar or Just Splat? 🎢💸

So, Ethereum decided to take a little tumble and is now playing hide-and-seek below the $1,850 mark. It’s like that friend who says they’re “just resting their eyes” but is actually napping on your couch.

  • Ethereum tried to break free from the $1,980 resistance level but, spoiler alert, it didn’t happen. 🙄
  • Currently, it’s lounging below $1,860 and the 100-hourly Simple Moving Average, which sounds fancy but is basically just a number that says, “Hey, you’re not doing great.”
  • There was a brief moment of hope when it broke above a bearish trend line at $1,810, but let’s be real, it’s like finding a good parking spot—rare and fleeting.
  • To kickstart a real comeback, it needs to clear the $1,850 and $1,880 hurdles. Think of it as the financial version of a high jump—without the cool leotard. 🏅

Ethereum’s Attempt at a Comeback

After failing to reach the $2,050 summit, Ethereum decided to take a detour downwards, just like Bitcoin. It dipped below the $1,880 and $1,850 support levels, which is basically the crypto equivalent of tripping over your own feet.

It did test the $1,765 zone, where it formed a low at $1,767. Then, in a plot twist, it started a short-term recovery wave. It climbed above the $1,800 resistance, which is like getting a participation trophy in the world of crypto.

It also broke above a bearish trend line at $1,810, but now it’s back to lounging below $1,860 and the 100-hourly Simple Moving Average. It’s like that friend who keeps saying they’ll get their life together but just keeps binge-watching Netflix instead.

On the bright side, it seems to be facing hurdles near the $1,850 level. The next big hurdle is at $1,860, and if it can clear that, we might just see it flirt with the $1,900 level. But let’s not get ahead of ourselves; we’re still waiting for it to get out of bed.

If it can manage to break above the $1,900 resistance, we might see it strut its stuff toward the $2,000 mark. And if it really gets its act together, we could be looking at a rise toward $2,050 or even $2,120. But let’s not hold our breath—this is crypto, after all.

Is Another Decline on the Horizon for ETH?

If Ethereum can’t clear that pesky $1,850 resistance, it might just decide to take another nosedive. The first support on the downside is around $1,800, which is like the safety net for a tightrope walker—still scary, but at least it’s something.

If it falls below $1,780, we could be looking at a trip down to $1,765. And if it really wants to make a dramatic exit, it could plunge to $1,710. The next key support is at $1,665, which is basically the “please send help” level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone, which is just a fancy way of saying it’s not feeling great.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone, which is like saying it’s “not terrible” but still needs a pep talk.

Major Support Level – $1,800

Major Resistance Level – $1,850

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2025-04-01 06:48