Ethereum Price Increases as Market Anticipates Potential Breakout

Ethereum’s price rose 4% to over $1,625 on April 15, 2025, facing resistance at $1,660 and $1,680. Analysts note strong support at $1,620 and observe mixed market signals. Bitcoin navigates a descending channel, while Cardano encounters selling pressure from large holders despite a minor recovery. Market participants are advised to remain vigilant amid upcoming price movements.

As of April 15, 2025, Ethereum (ETH) is trading above $1,625, reflecting a notable 4% increase within 12 hours. After exceeding the $1,600 and $1,620 resistance levels, ETH peaked at $1,690 before a slight decline. Analysts are focused on price trends to assess potential breakout or pullback scenarios for Ethereum.

Current analysis reveals an upward trend line supporting Ethereum at $1,625, coinciding with the 100-hour Simple Moving Average (SMA). Immediate resistance is identified at $1,660, with a significant hurdle at $1,680. A breakout above these levels could propel Ethereum towards $1,690 and potentially $1,750.

Should Ethereum fail to breach the $1,660 resistance, strong support is present at $1,620, extending to $1,610. The 61.8% Fibonacci retracement from $1,562 to $1,690 also lies within this support range. A dip below $1,610 could push Ethereum towards the $1,575 level, with the possibility of further declines to $1,550.

Market signals exhibit mixed indications, leading to cautious trader sentiments. The ETH/USD hourly MACD shows divergence from the bullish zone while the Relative Strength Index (RSI) stays above 50, hinting at neutrality. Traders seek confirmation through clear breakouts or breakdowns to predict significant price movements.

Examining the Ethereum/USDT 5-minute chart on Binance, critical horizontal levels dictate near-term market direction. A sharp upward movement reached $1,670, before encountering strong resistance that prompted a price reversal starting at 11:30 UTC on April 14, validated by the MACD death cross indicator, signifying bearish momentum.

After the downturn, price recovery was observed at the horizontal support level around $1,613. The MACD confirmed the price rally with a “Golden Cross” at 16:00 UTC, suggesting underlying strength in the recent boost rather than a temporary fluctuation. The RSI exceeded values in the 40-50 range, signalling a rise in bullish market sentiment.

Despite these indicators, participants remain cautious due to significant resistance at $1,648, with prior failures to surpass this area causing investor hesitation. Therefore, while potential for an upward breakout exists, traders should remain alert for critical price movements beyond existing resistance levels.

Meanwhile, Bitcoin (BTC) displays notable price dynamics. On April 15, 2025, BTC is fluctuating within a defined descending channel, interacting with upper and lower trendlines. The control line in this channel has served as a notable level based on multiple price responses.

Recent fluctuations included fakeouts above and below the channel, particularly around the 109,356 and 76,600 levels, indicating market liquidity grabs. A strong tail formation around 89,164 denotes buyer strength and a plausible bullish reversal, while resistance at 78,197 and 76,600 indicates increased demand near support.

Currently, BTC hovers just below the control line, which could portend an imminent breakout. A successful breach above this line and the 88,789 level would signal a shift toward a bullish trend, potentially reaching higher price levels. Conversely, failure to break through could result in a retreat towards 80,000, with a drop below 76,600 likely triggering more sell pressure, leading to new lows.

In the altcoin sector, Cardano (ADA) trades at $0.6446, showing a slight recovery of 1.08% in the past 24 hours. However, significant selling pressure from large holders has seen over 100 million ADA liquidated last week, raising concerns about volatility and negative pressure on ADA’s price.

Although ADA is maintaining above the $0.63 support level, a fall below this threshold could pivot towards $0.54, a key historical support area for potential buyer re-entry. Moreover, Cardano is forming a rising wedge pattern on the 4-hour chart, typically associated with bearish trends.

As Bitcoin dominance increases, altcoins like Cardano often experience downtrends as capital shifts toward Bitcoin, adding resistance to ADA’s upside potential. Nonetheless, the long-term outlook for Cardano remains optimistic due to ongoing ecosystem developments, despite current challenges and market sentiment leaning bullish.

In conclusion, Ethereum’s price fluctuations are closely monitored as it nears significant resistance levels, Bitcoin is navigating its downward channel, and Cardano is dealing with whale sales combined with bearish patterns. Market participants should maintain vigilance, as upcoming days may greatly affect these cryptocurrencies’ trajectories.