Ethereum held firm above the $1,800 mark today, strengthening its recovery after a challenging start to April. Trading activity reflected growing market confidence, even as resistance levels continued to limit stronger upward moves.
The Ethereum market value stands at $1,804.8 after experiencing a 0.70% increase during the previous 24 hours. Throughout the session, the price fluctuated between a low of $1,753.8 and a high of $1,828.The Relative Strength Index (RSI) reported on TradingView was at 55.47 which indicates market forces between buying and selling are evenly matched currently.
According to Bollinger Bands analysis the middle band rests at $1,663.4 while the upper band stands at $1,858.5 and the lower band exists at $1,468.2. The price of Ethereum sits within the upper band territory thus showing bullish momentum but the intensity level of buying activity remains stable below critical zones.
Source: Tradingview
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Resistance Near $1,850 Poses Challenge to Further Gains
Sellers have consistently defended the $1,850 level, preventing Ethereum from establishing a stronger breakout. Previous upward attempts have encountered rejections at this range, limiting the pace of gains.
Ethereum technical indicators show market caution through its trading position above middle Bollinger Band and under both short and long-term average moving values. Present buying strength shows moderate increase according to the RSI indicator though it has not reached the threshold needed for significant trend changes.
An enduring price rise above $1,858 needs to occur to verify enhanced bullish momentum. The nearest support level stands at $1,750 as it provides initial backing during any upcoming brief market fluctuations.
Investors attention now turns to whether Ethereum can extend gains beyond the $1,850 to $1,900 range. Sustaining movement above $1,800 is critical in maintaining the current positive structure and avoiding a return to lower support zones.
Price action in the coming days will determine if Ethereum can build on its recent strength or face renewed consolidation pressures.
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