Ethereum Surges 7% to $1,770, Bullish Trend Intact

Ethereum's price has surged past $1,750, settling at $1,770.60, capturing the attention of investors. After recovering from the $1,650 mark, ETH quickly rallied near the crucial $1,840 barrier, raising hopes for a potential breakout. The latest spike indicates a strong bullish trend for ETH, with market players closely monitoring any follow-through. Bullish technical indications remain prevalent, and whale activity continues consistently. Traders are balancing the risks of another pullback against the likelihood of prolonged rising momentum, with Ethereum’s short-term trajectory to be determined by the upcoming sessions.

Ethereum has surged beyond several resistance levels, including $1,700 and $1,750, after recovering from $1,650. This highlights strong buyer interest and reaffirms the bullish trend for ETH. The surge reached its peak close to $1,834 before selling pressure hit. Ethereum remains firmly above the 100-hourly Simple Moving Average, which backs the $1,740 region, a crucial ETH price support level. For short-term price action, a bullish trendline that developed around $1,780 still acts as a pivot. Breaking and holding over $1,820 would indicate a fresh ETH price surge for bulls, potentially attracting higher targets and accelerating momentum across altcoins.

The ETH/USD chart currently reflects a structure of higher lows, with bulls repeatedly testing resistance. If Ethereum closes decisively above the $1,820 threshold, it could validate a bullish breakout. This move may pave the way to $1,880, followed by a test of $1,920. A break beyond $1,920 would further affirm the ongoing Ethereum Price Surge, with the psychological $2,000 barrier likely in focus. However, failure to clear $1,820 may usher in short-term weakness. Immediate ETH price support lies near $1,780 and $1,740. Below that, $1,700 could serve as the final buffer before sellers retest $1,665 or even $1,620. Ethereum’s hourly chart highlights price consolidation near $1,770, with a visible trendline support around $1,780 and stiff ETH price resistance around $1,820. The RSI remains above 50, suggesting continued bullish interest.

Despite the recent ETH surge, the momentum indicators present a mixed picture. The hourly RSI holding above 50 reflects moderate strength, while the MACD is flattening, implying potential consolidation. With a circulating supply of 120.71 million Ethereum and a market valuation of $213.74 billion, the positive trend in ETH is still in place for the time being. Technical bulls will probably try to profit from any significant breach over $1,820 since it can support the current trend and spur additional rises.

Ethereum is positioned at a technical inflection point. The ETH Price Surge has lifted sentiment, but the $1,820–$1,840 range stands as a formidable ETH price resistance zone. A confirmed breakout could launch Ethereum toward $1,920 and perhaps the symbolic $2,000 mark, further solidifying the ETH bullish trend. Conversely, a failure to sustain momentum could send the asset toward ETH price support at $1,740 or lower. Traders should remain vigilant, as the broader crypto environment and Bitcoin’s direction will also influence the next Ethereum Price Surge. Until clarity emerges, a cautiously bullish approach may be warranted.