Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead

Ethereum has officially broken key technical resistance, pushing above the $1,800 mark and signaling a return of bullish momentum. After weeks of uncertainty and selling pressure, this breakout suggests a possible shift in trend, with bulls now eyeing a reclaim of the critical $2,000 psychological level. Despite ongoing global tensions and the shadow of a trade war between the US and China, crypto markets are showing resilience, and Ethereum is leading the charge. Related Reading: XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead? According to data from IntoTheBlock, Ethereum’s market cap surged by 12% in the last 24 hours, highlighting renewed investor interest and capital inflows. On-chain indicators further support the bullish case, with the platform noting only modest resistance ahead. The largest concentration of potential selling pressure sits near $1,860, a level that could be cleared quickly if current momentum holds. While macroeconomic uncertainty remains a risk, Ethereum’s breakout above $1,800 and the relatively clear path to higher levels have traders optimistic. If ETH can maintain strength and climb past $1,860, the next stop could be above higher supply levels. With bullish energy building across the crypto market, Ethereum’s latest move could be the start of something much bigger. Ethereum Bulls Target $2,000 As Resistance Weakens Ethereum is setting up for a major move as price action shows clear strength emerging from low-demand zones. After weeks of choppy consolidation and bearish sentiment, the second-largest cryptocurrency by market cap is gaining momentum, hinting at a broader trend reversal. While global markets remain under pressure from rising geopolitical tensions, particularly the intensifying trade conflict between the US and China, Ethereum and other altcoins are showing signs of decoupling from traditional financial markets. This shift is encouraging investors who previously exited risk assets to re-enter with cautious optimism. Ethereum, in particular, is benefiting from renewed on-chain activity and increased buying pressure. According to IntoTheBlock, Ethereum has little standing in its way toward higher levels, with only modest resistance ahead. The largest potential sell wall has formed near the $1,860 mark, a key zone that could soon be tested. If bulls manage to break through this resistance level, the path to the psychological $2,000 level becomes significantly clearer. Given the strength of the recent rally and improving market structure, such a move is well within reach. Momentum is building, and Ethereum is once again emerging as a leading asset in what could become the next leg of the crypto bull cycle. Related Reading: Ethereum Holds Above MVRV Band Low – A Final Dip Before Recovery? ETH Breaks Above Key Moving Averages Ethereum is trading at $1,800, showing strong momentum after breaking above both the 4-hour 200 MA and EMA for the first time since January. This technical breakout marks a shift in short-term trend structure, as bulls regain control of the market following weeks of bearish pressure. Now, the key challenge is holding the $1,750 level—precisely where both moving averages converge—making it a critical zone for confirming continued upside. A decisive move above the $1,800 level would further validate the breakout and open the door for a test of the $2,000 psychological barrier. This would signal renewed market confidence and potentially trigger a wave of new buying interest. However, if Ethereum fails to maintain its position above $1,750 or faces resistance near $1,800, the asset could enter a consolidation phase. This would likely extend the current range-bound trading between $1,700 and $1,850, delaying any swift return to higher valuations. Related Reading: Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? For now, the technical setup is favorable. But the next few sessions will be crucial in determining whether ETH can maintain its gains and reclaim $2,000—or if it needs more time to build strength beneath that key resistance. Featured image from Dall-E, chart from TradingView

NewsBTC

You can visit the page to read the article.
Source: NewsBTC