Ethereum Price Holds Above $1,750 on April 24 – Breakout Toward $2K or Pullback Ahead?

Ethereum price has been the topic of discussion in the crypto world after a huge upward move that led it to cross the mark of the $1,750 resistance level. The rally has followed a bullish momentum and steady support. However, the ETH price suggests that it may be entering a consolidation phase; as of the latest Ethereum updates, it is currently going through this phase.

Ethereum Finds Support and Consolidates

After maintaining strong support above $1,650, the Ethereum price surged past multiple resistance barriers, including the $1,700 and $1,720 levels. The ETH bullish momentum was strong enough to push it before the price began consolidating. A high was established at around $1,834 before the price started its consolidation. The retracement found support near the 23.6% Fibonacci level calculated from the $1,565 swing low to the $1,834 peak. This indicated a healthy pullback within an overall bullish trend. 

Current Price and Technical Position

ETH/USD chart, published on Tradingview, April 24, 2025

On April 24, 2025, the ETH price is trading at around $1,729.43, reflecting a 1.28% drop in the last 24 hours. The chart shows a minor correction due to ETH is going through the phase of consolidation, and the asset remains above the 100-hourly Simple Moving Average and continues to hold above the $1,720 key level, which indicates ongoing support for a bullish trajectory. The image of the hourly chart of ETH/USD shows a trend line offering additional support around the $1,780 mark. 

Resistance Levels That Could Shape the Next Move

Ethereum’s latest updates reveal that it is facing a critical resistance zone near $1,820. The resistance level of the $1,880 breakout can result in the Ethereum price appreciation toward $1,920 and could potentially extend as far as the psychological $2,000 threshold. These levels are important in the technical analysis and are a great potential turning point for the sentiment in the market that allows the trader to choose what the next move they should make. 

Technical Indicators Signal Mixed Momentum

The latest ETH updates, according to the technical indicator, reveal a mixed outlook. The hourly Moving Average Convergence Divergence (MACD) indicator is gradually losing momentum in the bullish zone, suggesting the buyers may be taking a pause. Meanwhile, the Relative Strength Index (RSI) remains above 50, indicating that the market is still leaning bullish but with weakening momentum, giving us the Ethereum price outlook.

Market Sentiment and Broader Influence

The market sentiment plays an important role in the ETH price and its next steps. Investors are focusing on the market activity and Ethereum-related events, along with a focus on macroeconomic development. Bitcoin (BTC) behavior around $65,000 and institutional interest in the Ethereum-related products are getting highly focused. And if the confidence of the investors remains high and border markets stay bullish, Ethereum may well break through resistance and attempt to establish a higher high above $1,900. 

Consolidation or setup for $2K?

The Ethereum price surge might move above $1,920 and possibly reach the psychological $2,000 mark if there is a successful breakout above $1,880. These levels are significant not only from a technical standpoint but also because they could signal shifts in market mood. Traders should monitor volume, ETH updates, macro indicators, and resistance tests closely. If momentum shifts in favor of buyers, the ETH price could hike toward $2000, but failure can result to hold above $1,740 might lead to further decline toward the lower support level. 

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