- ETH Holds Above $1,770 as Whale Accumulation Grows
- MACD Bullish Crossover Signals More Upside Ahead
- Ethereum Targets $2K With RSI Hovering Near 72
Ethereum back above $1,600 as bullish momentum builds across the broader crypto market. The $ETH rebound is gaining traction ahead of a potential altcoin season, with price now testing upper resistance zones. Traders are watching closely as the asset shows signs of reclaiming a long-term uptrend.
Ethereum Reclaims $1,800 as Market Participation Grows
On April 23, 2025, Ethereum reached $1,800.02, marking its strongest performance in recent weeks. The price move followed a sharp recovery from the $1,550 support zone, where ETH bounced over 10% from recent lows.
According to a post by Crypto Rover on April 23, Ethereumโs price gain was accompanied by increased volume across multiple trading pairs, reflecting renewed interest from both retail and institutional traders. Whale activity also increased, with one address reportedly acquiring 20,000 ETH, valued at approximately $34.7 million.
Another big wallet removed in excess of 12,000 ETH from a major trading platform. While this initially raised concerns of a potential selloff, price action remained steady above the $1,770 support level, suggesting continued accumulation by larger holders.
Bullish Signals Support Possible Continuation Toward $2,000
Technical indicators show strengthening momentum. The Relative Strength Index was near 72, indicating sustained buying interest without entering extreme conditions. A bullish crossover in the MACD supports the potential for further upside. Analyst observations show Ethereum forming a base above the 50-day moving average, with support from the Ichimoku cloud and a breakout from the recent downtrend.ย
Resistance remains at $1,860, with higher targets near $2,000 and beyond. A report from CryptoElites suggests that if Ethereum maintains its current structure, a rally toward $2,300 or even $2,500 could unfold by May.ย
The same analysis indicates that a long-term projection of $10,000 remains possible if market conditions support extended growth. As ETH re-establishes its position above $1,600, it is now viewed as a potential leader in a broader altcoin rally. The next key levels to monitor are $1,860 for short-term resistance and $2,000 as a key breakout trigger.
