Ethereum Surges 15% on Trump's Crypto Policy Announcement

Ethereum has recently experienced a significant surge in price, with ETH soaring by 15% following a period of consolidation. This upward momentum was sparked by a surprise announcement from Donald Trump regarding favorable crypto policies, which ignited a strong rally in the crypto markets. Ethereum managed to break above key resistance levels at $1,550 and $1,600, climbing towards the $1,680 zone. This surge was not merely technical but was driven by renewed investor confidence, fueled by hopes for a more favorable regulatory environment for digital assets.

The break above a key bearish trendline at $1,470 marked a significant shift in Ethereum's price momentum, with the 100-hourly Simple Moving Average flipping into support. As the broader crypto rally gained traction, Ethereum held onto its gains, with Bitcoin and other major altcoins following suit. This bullish sentiment has pushed Ethereum closer to its next milestone, with market traders and investors setting their sights on $1,720 and $1,750 as the next key resistance levels. A close above these levels could confirm even stronger bullish momentum, potentially inviting a run toward $1,850 or even $1,880.

Analysts have highlighted key support levels at $1,615 and $1,580, noting that holding above these zones would maintain the uptrend. Any dip below these levels would be viewed as a buying opportunity rather than the end of the crypto rally. Ethereum's break above the $1,620 level has transformed old resistance into market support, indicating strong bullish conviction. With hourly RSI indicators comfortably above 50 and the MACD deep in bullish territory, Ethereum is showcasing strong technical signals. If ETH falls below $1,580, the next major support lies around $1,535, which would still maintain the broader bullish momentum.

The remarkable Ethereum price surge sets a positive outlook for the second quarter of 2025. Major investors and whale wallets have started reaccumulating Ethereum, hinting at a long-term bullish outlook. Ethereum's performance amid the Trump-led optimism highlights its resilience and critical role in driving the crypto rally forward. Looking ahead, Ethereum's path depends largely on its ability to maintain momentum above critical market resistance levels. The current trajectory suggests that Ethereum could position itself for new highs if the buying pressure continues.

With layer-2 adoption and staking activities on the rise, Ethereum's bullish momentum is strengthening. The upward price trend shows no signs of slowing down anytime soon. All ETH holders and traders are now focused on the critical $1,750 resistance zone and higher targets beyond. Ethereum's strong breakout reinforces its role as a leader in the digital asset space. The Ethereum price surge beyond $1,600 could be just the beginning of a broader crypto rally, provided the market maintains strong sentiment. Traders and investors should watch key market resistance levels closely as Ethereum attempts to carve a new path higher in 2025.