ETH Price Outlook: Can Bulls Defend $1,750 or Will May Start With a Breakdown?
- Ethereum price drops 3.06%, testing critical $1,750 support ahead of May 1 trading.
- Bearish MACD crossover and declining RSI indicate weakening Ethereum buyer strength.
- Ethereum’s Layer 2 active addresses surge 58.74%, reaching record 15.4 million users.
Ethereum (ETH) market maintains its position below important resistance zones, as April ends with technical indicators supporting a rising bearish market sentiment. Ethereum traded around $1,760 on April 30 after experiencing a 3.06% price decrease in 24 hours, and failed to break the $1,800–$1,825 resistance area.
TradingView data showed that the price established a clear downward trend with weakening peaks during the previous week. ETH experienced strong resistance at $1,850, while support was $1,750. The closing price of the daily candle on April 30 reached $1,771.80, demonstrating persistent selling pressure among investors across short timeframes.
Technical Indicators Signal Continued Weakness
The technical indicators point t…
The post ETH Price Outlook: Can Bulls Defend $1,750 or Will May Start With a Breakdown? appeared first on Coin Edition.
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ETH Price Outlook: Can Bulls Defend $1,750 or Will May Start With a Breakdown?
- Ethereum price drops 3.06%, testing critical $1,750 support ahead of May 1 trading.
- Bearish MACD crossover and declining RSI indicate weakening Ethereum buyer strength.
- Ethereum’s Layer 2 active addresses surge 58.74%, reaching record 15.4 million users.
Ethereum (ETH) market maintains its position below important resistance zones, as April ends with technical indicators supporting a rising bearish market sentiment. Ethereum traded around $1,760 on April 30 after experiencing a 3.06% price decrease in 24 hours, and failed to break the $1,800–$1,825 resistance area.
TradingView data showed that the price established a clear downward trend with weakening peaks during the previous week. ETH experienced strong resistance at $1,850, while support was $1,750. The closing price of the daily candle on April 30 reached $1,771.80, demonstrating persistent selling pressure among investors across short timeframes.
Technical Indicators Signal Continued Weakness
The technical indicators point t…
The post ETH Price Outlook: Can Bulls Defend $1,750 or Will May Start With a Breakdown? appeared first on Coin Edition.
Read More