ETH Price Consolidates Between $1,610–$1,690: Big Move Ahead?

ETH has demonstrated strong stability during recent trades by strengthening above $1,600 while bull investors maintain their control over market positions. The current ETH price position of ETH sustains above both $1,625 and its 100-hourly Simple Moving Average (SMA) indicator, which indicates potentially rising values ahead. With a new bullish trend line forming and key support levels intact, the question is – can ETH break through the $1,680 resistance and push toward the $1,800 zone?

ETH Price Stabilizes Above $1,625 as Bulls Defend Key Levels

Ethereum recently formed a strong base above $1,520 and began a steady climb, similar to Bitcoin’s upward momentum. Positive trading volume propelled the price rise above both $1,600 and $1,620 before reaching $1,690 but subsequently experiencing a slight decrease.

Buyers rushed in as soon as the ETH price dropped below the $1,640 mark and the 50% Fibonacci retracement line from the $1,562 swing low to the $1,690 top. With support at $1,620, ETH is currently trading above the important 100-hourly SMA, creating a positive trend line that may act as a basis for the subsequent breakout attempt.

Resistance Zones Tighten: Can ETH Break Above $1,680?

Can ETH break above $1,680? Ethereum has established resistance at $1,660 on its hourly ETH/USD trading chart while it stays inside a tight price zone. Structure-wise, there are two prominent barriers to overcome: first at $1,680, followed directly by the second at $1,690. The market will create an upward momentum toward $1,750 and possibly push prices to $1,800 and potentially $1,880 after a successful breakout through $1,690.

Chart 1: ETH/USD chart, published on Trading View, April 15, 2025

The MACD momentum indicator continues showing bullish patterns, but demonstrates some weakening characteristics. The RSI indicator shows values above 50, which suggests investors have neutral or bullish market attitudes. The price of ETH risks another downside correction when traders fail to break above the $1,660–$1,690 region.

The first level of support for bulls stands at $1,620, while extended support occurs near $1,610. The market could move ETH to test $1,575 as its primary support, while an extensive bearish scenario would take it down to $1,500. Ethereum’s price is currently in a crucial consolidation phase, with both bullish potential and downside risk dependent on upcoming market sentiment and macro triggers.

Losing Steam or Gearing Up? Signs to Watch for ETH 

The future direction of Ethereum pivots on a successful breakout through crucial resistance levels while holding current support zones. The ETH price can jump above $1,750 and beyond as long as it surpasses the $1,690 resistance decisively. However, if momentum is lost, it might lead to short-term sell pressure, particularly if trading volumes drop. The 100-hourly SMA and the $1,625 trendline should be closely watched by traders since a breakdown below them might indicate a brief bearish reversal before another upward effort.

What’s next: ETH Bulls Need a Breakout to Sustain Momentum

Ethereum maintains its strong position through consolidation, whereas it needs to break from its pattern within this period. A ETH price move above $1,680 to $1,690 signals potential for an upswing toward $1,800, yet any fall below $1,610 will likely change market sentiment to bearish. With macroeconomic factors and crypto-specific news likely to influence the next big move, traders should remain alert. The recent market stabilization indicates Ethereum will accomplish a significant move in one way or the other.