Ethereum on the Verge of a Breakout

🔷After pulling back from the $1880 level, Ethereum found support at $1750 and began a steady recovery. A breakout above the key bearish trendline and a move higher than $1800, as well as the 100-hour moving average, indicate a potential trend reversal. The price also surpassed the 50% Fibonacci retracement level, boosting buyer interest. However, there is notable resistance around $1840–$1850, and a successful break above this zone could pave the way toward $1920 and further to $2000–$2050.

🔷If buyers fail to overcome the $1850 level, Ethereum may retrace. Support at $1820 and $1810 will be the first line of defense. A breakdown below these levels could send the price back to $1750 or even $1665. The MACD and RSI indicators currently show bullish momentum, but the upcoming test of $1850 remains crucial.