Ethereum (ETH), the second largest cryptocurrency, is showing signs of recovery after a prolonged sideways movement. Let's analyze the current ETH charts and its price forecasts.
Ethereum Begins to Recover
Currently, Ethereum is trading around $1,816, showing positive signals. Over the past sessions, Ethereum has begun to break above short-term moving averages like the 20-day and 50-day SMA. The Accumulation/Distribution Line is also indicating signs of recovery, suggesting that smart money could be returning to ETH.
Potential Resistance Levels
ETH faces significant resistance in the $1,800–$1,820 range. However, closing above this level on the daily chart may indicate a quick retest of $1,850 and $1,900 levels if Bitcoin remains stable. If the momentum stays strong and bulls defend the support area of $1,780–$1,800, the next target becomes $2,000.
Ethereum Price Outlook for 2025
Given the current trend, short-term forecasts suggest a retest of $1,900–$2,000 in the next 7-10 days. If $2,000 becomes support, Ethereum could rise toward $2,200–$2,400 by late May, while a breakout above $2,400 opens the way towards $2,800–$3,000 in the longer term. However, if the $1,800 support fails, ETH may consolidate between $1,700–$1,850.
Overall, the Ethereum price action shows early signs of a bullish recovery, although risks remain. A breakdown of the $2,000 level with high trading volume may signal the start of a new rally.
