Ethereum Drifting Sideways Below the $1,880 Barrier

Ethereum (ETH) Current Statistics

The current price: $1,847.99
Market Capitalization: $223,089,076,603.53
Trading Volume: $12,744,212,071.21
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis May 2, 2025

Ethereum’s (ETH) price has been trading above the moving average lines but below the $1,880 barrier. The price movement has been constrained by the Doji candlesticks that have formed above the moving average lines. It shows how undecided the traders are. However, if the crypto price rebounds above the moving average lines, it will surpass the barrier at $1,880.

The positive momentum will continue until it reaches the $2,100 high. The altcoin is likely to face selling pressure at its peak of $2,100. The biggest altcoin will exit the negative trend if buyers breach the barrier at $2,100. On the downside, if the altcoin reverses from the most recent high and breaks below the moving average lines, Ether will fall to the $1,300 low. Ether is worth $1,8510 as of this writing.

ETH Technical Indicators Reading

Ether price bars are consolidating above the moving average lines after the price breakout. The biggest altcoin has an opportunity to increase while it is above the moving average lines. Price activity described by doji candlesticks indicates that traders are uncertain about the direction of the market. On the 4-hour chart, lengthy candlestick tails signal strong selling pressure at the recent high.

Conclusion 

The price of Ethereum is drifting sideways below the $1,880 barrier. The crypto price is bouncing back and forth between the $1,750 support and the $1,880 barrier. The price bars show long candlestick tails indicating the direction of the resistance zone. It implies that there is a lot of selling pressure at the $1,880 resistance level.

Ether will start to rise again once the bulls overcome the resistance level at $1,880. In the meantime, the cryptocurrency signal is strong because the altcoin is trading in the positive trend zone.

Make money without lifting your fingers: Start using a world-class auto trading solution.

Note: Learn2.Trade is not a financial advisor.  Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your results.