Ethereum Price Prediction: Bulls Target $1,802 Breakout While Sellers Remain Active
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Ethereum (ETH) holds above the 20-day EMA but remains capped by the 50-day EMA with bulls eyeing a $1,802 breakout; lower CEX exchange outflows and stable open interest indicate selling pressure is easing but positioning remains cautious. Japan’s 10-year government bond yield hit a 30-year high of 2.85%, triggering risk-off selling that dragged ETH and BTC lower despite buyers defending key support, highlighting short-term downside risks for crypto markets.
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- ETH holds above the 20-day EMA, but the 50-day EMA remains key resistance ahead.
- Lower exchange outflows suggest immediate Ethereum selling pressure is easing.
- Stable open interest signals cautious positioning despite Ethereum’s recovery.
Ethereum faces a critical market test as traders evaluate whether the recent recovery can overcome broader bearish conditions. ETH has shown renewed strength after a prolonged decline, but several technical signals suggest the asset still needs stronger confirmation.
The cryptocurrency market faced renewed pressure after Japan’s 10-year government bond yields reached a 30-year high of 2.85%. Consequently, risk assets, including crypto, experienced additional selling pressure. Ethereum slipped alongside Bitcoin and the wider market, yet buyers continue defending important support areas.
ETH Struggles Below Key Resistance Leve…
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$ 63.80K
-0.37%
$ 1.79K
-0.27%
$ 0.0356
+1.58%
$ 1.79K
-0.21%Predictions Markets
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In This News
Coins
$ 63.80K
-0.37%$ 1.79K
-0.27%$ 0.0356
+1.58%$ 1.79K
-0.21%Predictions Markets
See what traders are focused on
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