Ethereum Price Ready to Surge—$2,000 Level Could Be Within Reach

May 8, 2025 04:00 am Cryptocurrency 221

Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance.

Ethereum started a fresh recovery wave above the $1,820 resistance.

The price is trading above $1,820 and the 100-hourly Simple Moving Average.

There is a connecting bullish trend line forming with support at $1,810 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to move up if it breaks the $1,850 resistance level.

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 ..

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