Ethereum Cannot Continue Its Upswing Above $1,880
By: bitcoin ethereum news|2025/05/03 14:00:05
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Ethereum has regained its positive momentum since April 26 by breaking above the moving average lines. Ethereum price long-term analysis: bullish However, buyers have failed to sustain the upside momentum above the moving average lines. The uptrend was halted by the barrier at $1,880. Ether is expected to reach a high of $2,100 if the bulls overcome the resistance at $1,880. Moreover, Ether will stop its downtrend once the buyers breach the $2,100 barrier. The price of the altcoin will continue to rise and peak at $2,600 and $2,800. After reaching its recent peak, the crypto price is currently declining. On the downside, Ether will return to the existing support level of $1,300 if the altcoin falls and breaks below the moving average lines. Ether is now trading between the price range of $1,300 and $1,900. Meanwhile, Ether remains above the moving average lines after retreating. The price of the largest altcoin currently stands at $1,830. Ethereum indicator analysis Since the breakout on April 23, as reported by Coinidol.com previously, the Ether price bars have been above the moving average lines. The altcoin is hitting a roadblock near the previous high, but should rise above the moving average lines. The price bars on the 4-hour chart are above the horizontal moving average lines. Technical Indicators: Key r esistance levels – $4,000 and $4,500 Key support levels – $2.000 and $1,500 What is the next direction for Ethereum? Ether is expected to rise again after crossing the moving average lines. On the 4-hour chart, Ether has started a sideways movement below the resistance level at $1,880. The altcoin is trading in a narrow range, above the moving average lines and below the resistance at $1,880. Ether is pulling back after failing to break above the resistance at $1,880. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. Source: https://coinidol.com/ethereum-cannot-continue/
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