Ethereum price started a fresh increase this week, holding steady above $1,680. ETH cleared the $1,620 resistance and climbed toward $1,740, reaching a high of $1,731. There’s now a bullish trend line forming with support near $1,665 on the hourly chart. The immediate question is whether the rally can push past the $1,740 hurdle.
Breaking above $1,620
After consolidating for several days, Ethereum finally broke above the $1,620 resistance level. That move opened the door to a run toward the next major zone around $1,740. Buyers stepped in at $1,680 — a level that held as support during the upward push. The price action is clean: a series of higher lows on the hourly timeframe.
Resistance levels ahead
Immediate resistance sits at $1,720, but the first real test is $1,740. If ETH clears that, the next major resistance is $1,780. A break above $1,780 could open the path to $1,850, with extensions toward $1,880 or even $1,920. That’s a stretch from current levels, but momentum is building.
Support levels to watch
On the downside, initial support is at $1,680. Major support sits at $1,665, where the trend line aligns with the 50% Fibonacci retracement level of the recent upswing. A clear move below $1,665 could send the price toward $1,650, then $1,620. The main support floor remains at $1,600, which has held in recent weeks.
Technical indicators
The hourly MACD is gaining momentum in the bullish zone — a positive sign for the near term. The hourly RSI is above 50, indicating bullish momentum without being overbought. No red flags yet. The next few hours will tell if buyers can sustain the move or if sellers step in at $1,740.
Ethereum’s next concrete test is $1,740. If that fails to break, the pullback to $1,665 becomes a real scenario. If it breaks, the rally has room to run.
