$1,600 Met, $1,810 The Next Stop for Ethereum Price! Is the Ethereum Bull Run Here?

The Ethereum price has reclaimed the crucial $1,574 support level and has gone on to grow to $1,600+ prices. This has sparked immense optimism for an impending Ethereum bull run. The crypto has already gained over 4%  in the last 48 hours, breaking out of a tight consolidation zone between $1,548 and $1,5999. Currently, Ethereum trades around $1,642, with bullish sentiments growing for the coin.

Critical Support Signals Ethereum Bull Run

Renowned crypto analyst Ali Martinez highlighted the significance of $1,574 level in a post on X. On April 12, Martinez explained that this price level represents a significant demand area where approximately 5.48 million ETH tokens are held by 2.83 million addresses at an average price of $1,574. “Ethereum has reclaimed key support at $1,574. If this demand zone holds, the next major resistance stands at $1,810,” Martinez noted.

#Ethereum $ETH has reclaimed key support at $1,574. If this demand zone holds, the next major resistance stands at $1,810! pic.twitter.com/WNzQV6xTPH

— Ali (@ali_charts) April 12, 2025

The renewed buying interest around this support level reflects a shift in the market sentiment. This development comes after Ethereum experienced weeks of bearish pressure. Analysts also believe that if Ethereum can maintain its position above $1,574, it could set the stage for an Ethereum bull run towards the next resistance zone near $1,800. 

Is Ethereum Targeting $1,800 Next? 

The $1,810 resistance level is being forecasted as a key obstacle for the Ethereum recovery. This zone contains 1.61 million ETH tokens held by 3.2 million addresses. Many of these holders are currently ‘out of money’, which makes this a potential sell zone. If the selloff occurs, it could slow down Ethereum’s growth. Market analyst Crypto Patel added that Ethereum might be entering Wyckoff Phase D – a stage often characterized by sustained upward momentum. Patel projected aggressive targets of $5,000 in case the Ethereum bull run follows through with the pattern. 

$ETH Just Bounced from the SPRING! ( Ethereum Wyckoff Analysis )

The accumulation phase isn't over — it's evolving.
If #Ethereum holds this $1500 support, we're entering PHASE E — the breakout zone.

Next targets? $5,000/$7,000/$10,000

This is the calm before the #ETH storm.… pic.twitter.com/SPmIUWNdsh

— Crypto Patel (@CryptoPatel) April 12, 2025

For now, holding above $1,600 is critical to sustain the bulls. A breakout above $1,810 could confirm a trend reversal and pave the way for higher highs for the Ethereum price. With these predictions coming, let’s take a look at the latest Ethereum price action and try to analyze possible patterns for today. 

Ethereum Price Analysis: ETH Stages Stable Recovery, Manages to Hold $1,600

Ethereum commenced trading yesterday at $1,564. The range from the previous day continued to dictate ETH’s price movements as ETH fell to the $1,545 support in the first few hours. With the RSI pointing at oversold conditions, a trend reversal followed. At 3:00 UTC, Ethereum started to go up, breaching $1,600 by 8:00 UTC. Soon, the correction arrived, leading ETH to find support at $1,590. A 4-hour trading range followed, lasting until noon. 

Half an hour later, a golden cross emerged on the MACD as the Ethereum price ascended rapidly to $1,665. Ethereum continued to test the resistance but failed to break out, facing a correction to $1,629. The coin soon found support a4 $1,637. At 1:30 UTC on April 13, Ethereum finally faced a reversal, going on a downtrend to the $1,600 mark. As of the last update, Ethereum faced another downtrend after testing the resistance, leading it to the verge of $1,600. 

Ethereum Price Prediction: Can Ethereum Hold Above $1,600?

The Ethereum recovery has been strong. In the past week, it has gained remarkably and has held on to key levels. The downtrend that Ethereum faces right now looks like a temporary setback on a much broader uptrend. So, if the bulls play their part, Ethereum may soon form a clear uptrend. It is also worth noticing that the RSI is also in the overbought area, so a recovery from there could be just the boost Ethereum needs to get back to the $1,665 resistance.