Ethereum's Price Remains Above $1,800 on April 30 Following Market Structure Rupture – Could $4,400 Be Attainable?
Crypto Corner: Ethereum (ETH) Prices Ride Bullish Waves
Stronghold at $1,500, Cementing a Bullish Shift
Ethereum, the second-largest cryptocurrency by market cap, has slammed its foot down on the gas pedal, breaking a significant market structure. Following a lengthy period of bearish pressure, Ethereum has reclaimed a pivotal zone, sparking optimism among analysts for prices approaching the eye-popping $4,400 milestone.
SwallowAcademy, a prominent technical analyst, identified a remarkable shift in the weekly Ethereum chart, right above the $1,500 support level. Early April witnessed Ethereum dipping as low as $1,415, causing angst in the crypto community over a potential deep dive into the abyss. Yet, a potent wave of buying pressure came to the rescue, transforming the $1,500 level into a major catalyst.
This impressive buildup of demand around the $1,500 level reversed the prior downward trend, creating a much-anticipated market structure break. This pattern signifies a transition from lower highs and lower lows to higher highs and higher lows. Since Ethereum has consistently sustained above its newly seized support, the buying pressure has successfully quashed the selling frenzy, and the market sentiment has flipped the script.
Smashing Resistance at $1,900, Weekly Close Crucial
As of April 30, 2025, Ethereum prices have surged to $1,804.60, marking a mild 0.32% increase in the past 24 hours. The ongoing technical analysis projects Ethereum's trajectory headed towards the resistance zone, a level that coincides closely with its 50-week moving average. A potent weekly close above this barrier could serve as a catalyst, fueling the bullish momentum even further.
Analysts claim that a sustained breaching of the $1,900 barrier would mark the official end of Ethereum's corrective phase and initiate a new surge. A robust close above this level would also indicate Ethereum's resilience in the face of short-term retracements, setting the stage for higher targets. If the bulls drive the momentum, peaks at $2,300 and $2,800 might be in the cards.
Daily Chart: Sights Set on Filling the Fair Value Gap and EMA Retest
Ethereum's price action on the daily chart presents another encouraging omen. A notable Fair Value Gap (FVG) spans between $1,900 and $2,800, a region indicating an inefficiency in the market. Often, these gaps are swiftly filled before continuity. This FVG zone also dovetails with a clutch of Exponential Moving Averages (EMAs) that Ethereum has yet to retest since the market downturn started earlier this year.
According to SwallowAcademy, filling the FVG is essential for a smoother and more organized advance. It would also act as technical confirmation of Ethereum's transition into a bullish cycle. If Ethereum manages to recapture the $1,900 mark, traders can anticipate the FVG to be filled over the coming weeks.
Ethereum Price Projections
If Ethereum maintains above $1,900, forecasters predict a course towards a medium-term goal of $2,800. Beyond that, momentum could soar towards $4,000, a vital psychological level and technical turning point that aligns with Ethereum's previous support during its last major rally. In ideal circumstances, the price could potentially leap toward $4,900. However, it's essential for Ethereum to avoid slipping below the newly established $1,500 support zone to maintain this trajectory.
Footnotes:1. SwallowAcademy’s analysis. (Retrieved April 30, 2025). Archived from from https://www.swallowacademy.com/ethereum-price- prediction-eth-ethereum-price-analysis-2025-2026
- Ethereum 50-week moving average resistance. (Retrieved April 30, 2025). Archived from https://www.tradingview.com/chart/ETHUSD/09m9Fks- Ethereum's 50-week moving average and resistance levels
- Ethereum's Fair Value Gap. (Retrieved April 30, 2025). Archived from https://www.tradingview.com/chart/ETHUSD/09m9Fks- Identifying Ethereum's Fair Value Gap and potential fill zones
- Ethereum's potential upside targets. (Retrieved April 30, 2025). Archived from https://www.cryptoevangelist.co/2025/03/ethereum-targets-eth-price-prediction- march- 2025-2026 Ethereum's long-term upside potential and predictions for 2026
- The bullish shift in Ethereum's price action has seen it break a significant market structure, reinforcing its position as the second-largest cryptocurrency by market cap.
- As of April 30, 2025, Ethereum prices have breached the $1,800 mark, indicating a potential close above the 50-week moving average resistance, which could fuel even further bullish momentum.
- A plausible continuation of this trend suggests that Ethereum could aim for medium-term goals of $2,800, with an ultimate target of $4,000 – a vital psychological level and technical turning point.
- If Ethereum can sustain above its newly seized $1,500 support, it may potentially leap towards $4,900, given ideal market conditions.
- Analysts recommend filling the Fair Value Gap ($1,900 to $2,800) as a necessary step to confirm Ethereum's entry into a bullish cycle, setting the stage for higher targets.
- It is essential for Ethereum's continuity in the finance market and investing community that it avoids sliding below the $1,500 support zone to maintain this positive trajectory.
