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Ethereum price breaks key resistance, eyeing $2,900 target amid structural shift.

Technical Signals
18 Apr 2026
UToday
View Source
Bullish
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Ethereum has broken through a critical resistance level at $2,385, signaling a significant structural shift in its price chart. This breakout opens the path for Ethereum to potentially reach $2,900, provided it holds above this new support level. The recent price action suggests that Ethereum may have bottomed out near $1,742, and a continued rise could see it test $3,050. However, if the price falls below $2,300, this bullish outlook could be invalidated, leading to a possible decline to $1,916. Meanwhile, Ethereum's network fundamentals remain strong, with a record 200.4 million transactions processed in Q1 2026, despite the price still being over 50% below its peak in August 2025.

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