Ethereum Cannot Continue Its Upswing Above $1,880

By: bitcoin ethereum news|2025/05/03 14:00:05
0
Share
copy
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/

-- Price

--

You may also like

Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...

Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog

WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.

How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?

The competition logic of exchanges has changed.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.

WEEX Launches Depth Chart for Spot Trading

WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com