Ethereum Price Faces Resistance at $1,850 Amid Market Uncertainty

Ethereum (ETH) rebounded from its $1,800 support level on Monday after short-term holders (STHs) offloaded their holdings. The selling pressure coincided with rising market tensions following former U.S. President Donald Trump’s reciprocal tariff implementation on April 2. While the near-term outlook remains cautious, declining ETH exchange reserves and increasing staking activity may help stabilize prices.

Read Ethereum Price Prediction for more detailed insights

Key Resistance and Support Levels

ETH is struggling to break past the $1,850 resistance. It recently dipped below the 100-hour simple moving average (SMA) and the $1,860 level but managed to breach a key downward trend line at $1,810. If ETH clears resistance at $1,850 and $1,880, it could rally toward $1,900, with a potential move to $2,000.

On the downside, failure to surpass $1,850 could trigger another drop, testing key support levels at $1,800, $1,780, and $1,656. A decisive break below $1,800 may signal a bearish continuation, potentially pushing ETH toward $1,500.

Market Sentiment and Outlook

Indicators are mixed. The hourly RSI remains above 50, hinting at possible bullish momentum, but the hourly MACD is losing strength in the negative zone. ETH recently broke out of a declining wedge but faced rejection at the $2,070 resistance. A breakout above $2,070 and a crucial trendline could confirm a bullish reversal.

Also Read: FTT Price Prediction 2025, 2026 – 2030

Gold Outshines Crypto

While crypto markets face uncertainty, gold has surged 26% in 2024, outperforming traditional stocks. Rising inflation and economic concerns are driving investors toward safer assets, raising questions about crypto’s role as a hedge.

Ethereum’s Future: Bullish or Bearish?

Despite market turbulence, Ethereum’s fundamentals remain strong. BlackRock’s interest in staking-enabled ETH ETFs and the upcoming Pectra upgrade could be game-changers. However, critics like Lekker Capital’s Quinn Thompson argue that declining network fees and Layer-2 growth could limit ETH’s upside.

For now, Ethereum investors are watching key levels closely, with $1,800 acting as a critical support zone and $2,070 as a major breakout point.