Ethereum Price Analysis April 5

ETHUSDT

On April 3, Ether bounced off the 20-day EMA ($1,778) and surpassed the overhead resistance at $1,857, indicating the beginning of the next upward movement. A potential rally to $2,000 is now feasible, though this level could serve as a substantial obstacle. However, if buyers hold the $1,857 level during the next downturn, it will imply that they are in charge. In that case, the ETH/USDT pair may attempt to reach $2,200. The bears are quickly running out of time. To make a comeback, they will need to stop the rally and push the price below $1,857. If they succeed, the aggressive bulls may get caught, and the pair could fall first to the 20-day EMA and then to $1,680.