Ethereum spent the session in tight consolidation, moving between structured support and resistance levels. After marking a session low near $1,738, the Ethereum price formed an upward-moving channel, but Ethereum breakout attempts repeatedly failed. An expanding triangle emerged, yet it too dissolved into a range around $1,760, which acted as a critical pivot point throughout the day. RSI signalled both overbought and oversold conditions, while MACD hovered near the baseline, confirming a lack of clear momentum. Ethereum mirrored the broader crypto market’s consolidation phase, with every breakout fading quickly. Traders are now awaiting a decisive move to escape the tightening range.
Ethereum Price Analysis for April 26, 2025
After marking the low of the day at $1,738, Ethereum formed an upward-moving channel, which tried to break out to the downside at 09:05 UTC, supported by a Death Cross of MACD. But the downside breakout failed. Instead, the price of Ethereum formed an expanding triangle pattern. Ethereum developed a range at the level of $1,760, which acted as a key level for Ethereum, allowing its price to find support many times. The expanding triangle pattern was unable to break out to either side. Instead, the expanding triangle developed into a range, which continued till the end of the day.
An oversold signal was given by RSI at 02:55 UTC, and another overbought signal was given at 15:20 UTC. Both signals suggested that there was no trend in the price of Ethereum. The same was the case with MACD, which hovered near its base level, indicating range-bound behavior in the price of Ethereum. That day in Ethereum should be called a trading range day, where every new Ethereum breakout attempt failed strongly. The whole crypto market is currently in a consolidation phase, and Ethereum is no different. A strong and long consolidation often gives birth to a very strong trend.
Ethereum Price Prediction
The range developed yesterday continued, with another minor range appearing in the ETH price, which broke out to the downside at 03:20 UTC, supported by a Death Cross of MACD. The price of Ethereum again formed a range, which tried to break out to the upside at 06:35 UTC, supported by a Golden Cross, marking the high of the day at $1,840. If Ethereum has to move upward, then the level of $1,850 should be seen as a psychological level and a critical resistance level for Ethereum to break. If Ethereum drops and breaks the level of $1,700, then the price of Ethereum may reach the level of $1,500.
Ethereum Awaits Major Breakout
Nevertheless, Ethereum’s trading is still within a narrow range, with the next psychological resistance level being set at $1,850 and support at only $1,000. The possibility of a strong upward trend is high above $1,850, but below $1.70 could result in deeper declines for Ethereum, perhaps toward $1,000. For now, ETH’s price action remains fluid, and momentum indicators show a more neutral mood. Investors should be cautious and wait for significant volume confirmation to enter. Consolidation phases are frequently encountered before significant moves. Ethereum’s next breakout, or failure, will probably determine its course in the upcoming sessions.
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