Ethereum’s Struggle Against Bearish Resistance: Key Levels to Watch

Ethereum continues to face significant resistance amid bearish technical signals, with key levels capping recovery attempts. The cryptocurrency has struggled to break through the $1,850-$1,900 zone, hindered by the 50-day and 100-day exponential moving averages. Weekly charts further highlight the challenges, showing ETH trading 36% below its 50-week SMA of $2,850. This summary delves into the current market dynamics and what traders should monitor in the coming weeks.

Ethereum Faces Persistent Resistance Amid Bearish Technical Signals

Ethereum’s price action reflects mounting bearish pressure as key technical levels continue to cap recovery attempts. The second-largest cryptocurrency has repeatedly failed to breach the $1,850-$1,900 resistance zone, with the 50-day and 100-day exponential moving averages acting as formidable barriers.

Weekly charts paint a more concerning picture. ETH currently trades approximately 36% below its 50-week SMA ($2,850) and 29% under the 20-week SMA ($2,560) - historically reliable indicators of sustained downward momentum. The asset’s inability to reclaim these levels suggests potential for further downside.

Market structure appears weak despite brief relief rallies earlier this month. Ethereum’s persistent underperformance against major moving averages signals waning buying interest at current levels, with traders awaiting either a decisive breakdown or convincing reversal pattern.

Ethereum Whale Stability Hints at Consolidation Before Next Major Move

Ethereum’s market behavior suggests a potential consolidation phase as its BBTrend indicator cools from 11.83 to 8.77 over two days. While the metric remains in positive territory for three consecutive days, the decline signals weakening momentum despite maintaining an underlying bullish structure.

The second-largest cryptocurrency by market cap appears to be gathering strength NEAR key support levels. Market observers are watching whether ETH can reclaim higher ground or face renewed selling pressure at current resistance zones. The Bollinger Band Trend indicator’s behavior often precedes significant price movements.

Ethereum Whales Retreat as ETH Faces Critical $1,840 Resistance Level

Ethereum’s bullish momentum appears to be stalling as large holders pull back from the market. The Long/Short Ratio of 0.95 reflects growing bearish sentiment among traders, despite a 16% price surge following ETH’s breakout from a descending trendline.

Market observers note that a daily close above $1,840 could reignite bullish momentum. However, four consecutive days of sideways trading have eroded whale interest, with on-chain data showing declining large transactions. The second-largest cryptocurrency now faces a make-or-break moment at this key technical level.

DeFi Platforms Drive Ethereum Fee Burns as Network Usage Holds Steady

Decentralized finance projects burned 1,315 ETH worth $2.38 million between April 20 and April 27, 2025, underscoring their pivotal role in Ethereum’s fee-burning mechanism. Uniswap and MetaMask emerged as top contributors, reflecting sustained user engagement despite shifting market conditions.

The data from ultrasound.money reveals DeFi’s enduring influence on Ethereum’s on-chain economy. Network activity remains robust, with fee destruction acting as a deflationary counterbalance to new ETH issuance.