NewsBTC
21 April 2025
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Ethereum Price Rises Above $1,600, Eyes Break Above $1,650 Resistance

Ethereum Price Update

  • Ethereum price increased from the $1,550 zone.
  • ETH surpassed $1,580 and $1,600, trading above $1,600 and the 100-hourly Simple Moving Average.
  • A break occurred above a bearish trend line at $1,590 on the ETH/USD hourly chart.
  • Key resistance at $1,650; clearing this could initiate further gains.
  • A high of $1,644 was reached, with stability above the 23.6% Fib retracement level.
  • Next resistance levels are at $1,680 and potentially $1,720.
  • If resistance at $1,650 is not cleared, Ethereum may face corrections towards support at $1,620 and $1,605.
  • Support levels include $1,580 and $1,500 if downtrend continues.
  • Technical indicators show bullish momentum, with MACD gaining strength and RSI above 50.

Ethereum Price