Ethereum Price Retreats — Temporary Breather or Trend Shift?

Apr 28, 2025 04:00 am Cryptocurrency 279

Ethereum price started a downside correction below the $1,800 level. ETH is now testing the $1,750 zone and might dip further toward $1,700.

Ethereum started a downside correction and traded below the $1,780 level.

The price is trading below $1,775 and the 100-hourly Simple Moving Average.

There was a break below a connecting bullish trend line with support at $1,800 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase if it clears the $1,785 resistance zone.

Ethereum Price Starts Downside Correction

Ethereum price remained stable above the $1,720 level and started a fresh increase, like Bitcoin. ETH traded above the $1,750 and $1,780 levels. The bulls even pumped the price above the $1,800 level.

A high was formed near $1,850 and the price recently started a downside correction. There was a move below the 50% Fib ..

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