Ethereum Price Up 4% in 12 Hours: Can It Break the $1,660 Barrier This Week?

​Ethereum (ETH) trades above the $1,625 price level along with its 100-hour Simple Moving Average (SMA) at this time. ETH moved upward by exceeding the $1,600 and $1,620 resistance levels while reaching a peak at $1,690 before it conducted a minor market retreat. Let’s look deep into the price trend in the last 12 hours and see what’s coming for Ethereum next! 

Ethereum Price: ETH Holds Strong at $1,625 with Breakout Potential​

Price movements show that Ethereum is developing an upward trend line that supports its price at $1,625 on the hourly scale. The strong foundation for upward price movements has been established because the 100-hourly SMA corresponds with this support zone. However, ETH faces immediate resistance near the $1,660 level, with a more significant hurdle at $1,680. A successful breakout above these resistance levels will open the potential for Ethereum to reach $1,690 and potentially extend toward $1,750. 

The price of Ethereum could start a new decrease phase if it cannot surpass the $1,660 resistance level. Strong support stands at $1,620 then continues between $1,620 up to $1,610 where the 61.8% Fibonacci retracement barrier from $1,562 to $1,690 exists. A break below $1,610 will direct Ethereum price toward $1,575 support then subsequent losses may carry it to $1,550. ​

The market signals point toward cautious market expectations. The ETH/USD hourly MACD diverges from its bullish zone while the RSI indicator sits above level 50, demonstrating market neutrality. Market uncertainty currently exists because traders need confirmation through either a clean resistance level breakout or a support zone breakdown to understand the upcoming major price movement. Bulls are watching for an upward breakout that could strengthen the Ethereum trend. Let’s dive into the technical chart analysis.

Ethereum Analysis: MACD and RSI Show Mixed Signals Amid Key Levels

The Ethereum/USDT 5-minute chart on Binance displays price activation of essential horizontal levels that indicator analysis verifies in short-term market directional changes. An intense upward price movement reached the $1,670 level, but its resistance point caused aggressive price reversal. A sharp drop in price began after UTC 11:30 on the 14th, and the MACD death cross indicator validated bearish momentum at the same time. The RSI indicator approached the oversold area around 14:30 UTC, which pointed to diminishing selling force in the market. The price dramatically pushed upwards after striking multiple times at the highly valued horizontal support level around $1,613.

Analyzed by Triparna Baishnab, published on TradingView on April 15, 2025

The MACD created a “Golden Cross” at 16:00 UTC, which confirmed the initial price rally’s validity because the recent price boost had lasting strength, not just a temporary dead cat bounce. At this time, the RSI indicator exceeded values within the 40-50 basic zone, indicating bullish market sentiment was rising. Market sources at the $1,648 level demonstrated hesitation and supply pressure because prices failed to overcome this area repeatedly.

The Ethereum analysis shows a Golden Cross on the MACD and rising RSI values. Investors supported increasing price levels through the drawn higher-low trendline extending from 04:30 UTC all the way until 06:30 UTC today as they attempted to break through the $1,648 resistance. The RSI, which stayed above the 48 mark alongside positive MACD readings during this period, strengthened the bull’s attempt to gain control, yet the resistance level remained strong.

Will the Ethereum Price Break Past $1,660 and Ignite a Bullish Rally in 2025?

The emerging Ethereum trend depends on a clear breakout above current resistance barriers. The price movements on Ethereum’s chart create an ideal situation where fundamental technical elements align to validate support regions while confirming resistance points and sustained movement changes. Double price rejects at $1,648, together with increasing lows, show both possible breakout potential when this threshold breaks and possible reverse action if this benchmark fails to hold. Market participants should maintain a ready state to validate trends by observing a decisive price movement beyond current resistance barriers.

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