Ethereum Price Prediction: Will ETH Break Out From the $1,800 Zone?
Ethereum Holds Ground: Whats Next for ETH Price?
Ethereum (ETH) is showing resilience as it continues to trade above a key support zone near $1,800. While short-term performance remains modest, the technical structure suggests that ETH may be gearing up for another upward leg. After a sharp bounce from the $1,500 range, the current sideways movement appears to be a consolidation phase before the next major push.
As of now, Ethereum is trading at $1,830, with the following performance metrics:
- 1-Day Performance: +0.03%
- 1-Week Performance: +0.84%
- 1-Month Performance: -0.23%
- YTD Performance: -41.11%
Despite the yearly downtrend, recent movements point to growing buyer interest near the $1,800 mark.
ETH/USD YTD chart - TradingView
Ethereum Price Prediction: Targets Ahead if Support Holds
ETHs strong recovery from the $1,500 level laid the foundation for a bullish setup. If prices continue to hold above $1,800, the next key targets lie at:
- $2,000 a psychological and historical resistance level
- $2,200 aligning with past swing highs
- $2,500 a major bullish milestone if momentum continues
ETH/USD 1-day chart - TradingView
This consolidation between $1,800$1,850 could be interpreted as accumulation by long-term investors before a breakout.
Bearish Scenario: What if ETH Crash Below $1,800?
While the current outlook is cautiously optimistic, traders should monitor the $1,800 support closely. If Ethereum breaks down from this level, the market could revisit the $1,500 support zone. A sustained move below $1,800 might signal a shift in sentiment and stall bullish momentum.
A Make-or-Break Level for Ethereum Price
Ethereums price action around the $1,800 zone is critical. The ongoing consolidation may pave the way for a breakout toward $2,000 and beyondbut only if support holds. Traders and investors alike are watching closely, as ETH prepares for its next move.
Read more: https://cryptoticker.io/en/ethereum-price-prediction-eth-breakout-from-dollar1800-zone/
Text source: CryptoTicker
