Ethereum Eyes $2,000 as Bulls Charge—Wall Street ’Experts’ Still Catching Up

Ethereum’s price action is flashing green as momentum builds toward a potential breakout. Key resistance levels are crumbling—$2,000 now looks like a pit stop, not a ceiling.

Why the surge? Institutional inflows are up 37% this quarter, DeFi TVL just hit a 12-month high, and that long-awaited ETF approval might finally shake loose the SEC’s death grip on progress. Meanwhile, traditional finance pundits are still debating whether crypto is ’a real asset class’—right after missing Bitcoin’s 150% rally.

Technical indicators scream bullish: RSI holding steady at 65, MACD crossing above signal line, and exchange reserves dropping faster than a banker’s credibility. If ETH holds above $1,850 this week, the path clears for a run at all-time highs.

Just remember: in crypto, ’inevitable’ tends to happen right after someone yells ’impossible.’

Ethereum Price Remains Supported For Gains

Ethereum price remained supported and started a fresh increase above $1,780, like Bitcoin. ETH gained pace for a move above the $1,800 resistance zone.

The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $1,872 swing high to the $1,752 low. Besides, there is a connecting bullish trend line forming with support at $1,810 on the hourly chart of ETH/USD.

Ethereum price is now trading above $1,820 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles NEAR the $1,840 level and the 76.4% Fib retracement level of the downward move from the $1,872 swing high to the $1,752 low.

The next key resistance is near the $1,850 level. The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,850 resistance, it could start a fresh downside correction. Initial support on the downside is near the $1,825 level. The first major support sits near the $1,810 zone and the trend line.

A clear move below the $1,810 support might push the price toward the $1,780 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,665.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,810

Major Resistance Level – $1,850