- Ethereum has risen by 4%, currently priced at $1,900.
- $ETH is exhibiting a bullish macro trend.
Ethereum ($ETH), the leading alternative cryptocurrency, is regaining strength following a structural breakout. It has successfully ascended from a falling wedge formation and is now testing the upper limits of a downtrend channel that has constrained its price movements since September 2025.
At present, $ETH trades at $1,962, reflecting an increase of over 4.43% over the last 24 hours, with trading volumes surging by 120% to reach $9.33 billion. Technically, Ethereum has surpassed its long-term downtrend and is now consolidating within a significant demand area.
If buyers of $ETH maintain this level, the upcoming targets lie between $2,200 and $2,400, potentially followed by a rise to $3,000 if bullish momentum persists. An extended rally could eventually lead to a rise towards $4,000, contingent on ongoing buying interest and favorable market dynamics.
It is essential to note that the $2,000 mark represents a critical resistance point. A weekly close above this threshold would bolster the bullish outlook and signal a broader trend reversal. Conversely, if Ethereum fails to reclaim this level, it may experience increased selling pressure, heightening the risk of revisiting lower support areas.
Is Ethereum’s Bullish Trend Likely to Persist?
The 4-hour price chart for $ETH shows a favorable perspective, with a possibility of reaching near-term resistance at approximately $1,997. As bullish momentum increases, a golden cross formation could occur, likely pushing the price above $2,030.
If there is a reversal in momentum, Ethereum’s price may drop to immediate support at $1,929. A sustained downward correction could lead to the emergence of a death cross, with bears potentially driving the price down to $1,895.
An analysis of the $ETH/USDT trading pair reveals that the Moving Average Convergence Divergence line is positioned above the signal line. Short-term momentum is picking up speed, driven by buyers elevating prices.
Both lines are above the zero mark, indicating a bullish macro trend with long-term momentum skewed upwards. This suggests strong buying activity and a potential for further momentum expansion. As long as both indicators remain above zero, the path of least resistance is upward.
The daily Relative Strength Index (RSI) for Ethereum is currently at 73.65, indicating it is in overbought territory. Buyers maintain strong control, pushing prices higher. The more the price exceeds this level, the increased likelihood there will be a consolidation phase or price correction.
Nevertheless, placing new buy orders at this time carries a higher risk. Traders are likely to wait for a divergence or a drop below 70 before taking profits or considering re-entry.