Ethereum Surges 5% to $1,816, Bullish Momentum Builds

Ethereum (ETH), the second-largest cryptocurrency by market cap, has shown renewed strength after months of sideways movement. Currently trading around $1,816, Ethereum has started to break above short-term moving averages like the 20-day and 50-day SMA, indicating a potential shift in momentum. The Accumulation/Distribution Line (ADL) also suggests that smart money could be moving back into ETH, further supporting this bullish outlook.

On the hourly chart, Ethereum has been trending upward from the $1,720 range, smoothly climbing above major support levels. Although a small pullback is visible, ETH is currently holding above key moving averages on the hourly timeframe, which supports the idea of a bullish continuation if buyers remain active.

Looking ahead, ETH price faces major resistance near the $1,800–$1,820 zone on the hourly chart. However, it has already closed above this zone on the daily timeframe, suggesting that a retest of the $1,850 and even $1,900 levels could happen quickly if Bitcoin remains stable. If momentum stays strong and Ethereum bulls defend the $1,780–$1,800 support region, the next logical target becomes $2,000. Traders should watch for volume spikes, as a strong volume breakout above $1,900 would be the final push needed to flip $2,000 into a new support base.

In the short term, Ethereum could retest $1,900–$2,000 within the next 7–10 days. If $2,000 flips into support, Ethereum could rise towards $2,200–$2,400 by late May. In the longer term, a breakout above $2,400 could open a bigger rally targeting $2,800–$3,000 levels. However, if the $1,800 support fails and ETH price drops back below $1,750, the bullish case would weaken, and ETH might consolidate longer between $1,700–$1,850.

With ETH trading just under $1,820 and building strength, a breakout strategy makes sense for aggressive traders. Conservative investors might wait for a clean daily close above $1,850 to confirm a true reversal. Considering that Ethereum price was above $4,000 in the previous cycle, today's prices offer a solid risk-reward ratio for long-term believers. If Ethereum price returns to $3,500 by the end of the year, a $1,000 investment today at $1,816 would become roughly $1,927 — more than double your money.

Ethereum’s price action is showing early signs of a bullish comeback. While risks still exist, the charts are finally leaning more in favor of the bulls. If ETH breaks $2,000 with strong volume, it could signal the start of a powerful new rally. For now, Ethereum looks ready to heat up again — and it might be sooner than many expect.