• Ethereum Holds $1,780 Amid High Liquidations
• MACD Signals Early Bullish Momentum Shift
• Layer 2 Growth Keeps ETH Network Active

Ethereum has bounced from the $1,780 support zone following a volatile trading week. Despite pressure from traditional markets, ETH maintained key technical levels. Traders are now focused on whether Ethereum can hold this base and attempt a breakout toward the $1,825 resistance level. A sustained move above this point could confirm a short-term trend reversal.

Buyers Defend $1,780 as Ethereum Holds Technical Support

A temporary decline in Ethereum price reached $1,760 until buyers restored the value above $1,800. This price reaction came after nearly $43 million in futures liquidations within 24 hours, indicating high market activity and volatility. Trading volume rose shortly after the bounce, supporting the possibility of short-term upward momentum.

Technical indicators reflect mixed signals. The Relative Strength Index (RSI) demonstrates ongoing weakness but the Moving Average Convergence Divergence (MACD) indicates its initial mark for a crossover. Ethereum is also testing the top of a falling wedge pattern, with $1,825 as the key breakout level. A daily close above this level may confirm further upward movement.

Ethereum Holds Firm Despite Broader Market Weakness

After Powell expressed his opinions on inflation and tariffs the financial market saw a major market decline. The S&P 500 suffered major losses while the Nasdaq stock exchange suffered significant losses but cryptocurrency markets showed minimal volatility. 

Ethereum showed strength relative to equities, suggesting a possible shift in investor behavior during uncertain macroeconomic conditions.The daily transactions on Ethereum has remained steady at 1.2 million level due to EIP-4844 upgrades and better functionality of Layer 2 roll-up technology. These developments are reducing fees and improving efficiency, although fee revenue has dropped. The network remains active, and continued adoption may support price recovery if support levels are maintained.Traders are watching $1,780 as a confirmed support zone and $1,825 as a key resistance to determine Ethereum’s next move.

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