Ethereum in Trouble as Major Resistance Levels Crush Hopes of Quick Recovery

Ethereum is facing strong resistance across multiple key technical levels, putting heavy pressure on its price. According to analysis from Into the Cryptoverse, hopes of a quick recovery are fading as Ethereum struggles to break above major averages.

The cryptocurrency attempted short-lived rallies earlier in April but failed to sustain any gains. Selling pressure remains intense between $1,850 and $1,900, causing repeated rejections at higher price zones.

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Persistent Resistance Blocks Ethereum’s Recovery

Ethereum’s daily chart shows persistent weakness under critical moving averages like the 50-day and 100-day exponential moving averages. These levels have acted as solid ceilings, preventing any lasting bullish momentum.

A recent analysis from Into the Cryptoverse showed Ethereum stays beneath all three moving averages including the 8, 20, and 50-week Simple Moving Averages. The current $1,820 trading value positions Ethereum beneath the 20-week SMA at $2,560 while also placing it below the 50-week SMA at $2,850.

Ethereum faces considerable challenges for recovery as analyzed through extended technical indicators. The market price encounters additional resistance from both the 200-week simple moving average at $2,450 and the 250-week simple moving average at $2,220.

When price maintains positions below these key support areas the market commonly experiences extended bearish swings. Ethereum faces challenges in recovering due to lack of a strong catalyst because its price will likely stay under crucial resistance points.

Technical Indicators Point to Prolonged Struggles for Ethereum

Ethereum’s momentum remains fragile as technical barriers continue to dominate market behavior. Analysts believe Ethereum may stay trapped between $1,750 and $1,900 unless a clear breakout above $2,000 occurs.

Market reluctance together with weak demand signals the inability for important averages to be achieved. The market demonstrates strong negative pressure since every attempt at recovery leads to heavy selling activity.

Ethereum faces additional decline from the broader cryptocurrency market unless it successfully surpasses important resistance levels. The market shows caution because sentiment remains negative and there are no current indicators for improvement.

The Ethereum market remains trapped beneath powerful technical barriers as it fails to produce any significant upward momentum. The price of Ethereum will probably face ongoing pressure until breakouts exceed fundamental average benchmarks.

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