Ethereum Price Prediction: Can ETH Extend Its Rally Toward $1,955?
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Ethereum recovered above a key support level this week as spot inflows and improving technical momentum signaled traders rebuilding positions, but ETH still trades below major EMAs and faces a decisive resistance. Eased US‑Iran tensions lifted risk appetite across crypto and alongside Bitcoin, analysts point to a potential extension toward $1,955 if buyers clear resistance, with implications for ETH adoption, DeFi liquidity and CEX/DEX activity.
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- Ethereum recovers above key support as buyers await a breakout beyond resistance.
- Technical momentum improves, but Ethereum still faces pressure below major EMAs.
- Spot inflows signal renewed demand as traders cautiously rebuild positions this week.
Ethereum extended its recovery this week as improving global risk sentiment supported demand across digital assets. The cryptocurrency advanced alongside Bitcoin after easing geopolitical concerns reduced pressure on financial markets.
Lower fears surrounding tensions between the United States and Iran encouraged investors to return to riskier assets, helping lift the broader crypto market. Even so, Ethereum still faces an important technical test because buyers have yet to overcome a major resistance level that could determine the next directional move.
Technical Picture Continues to Improve
Ethereum currently tr…
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