Ethereum Price Holds Above $1,800 on April 30 After Market Structure Break – Is $4,400 Within Reach?

Ethereum (ETH) is gaining a bullish trajectory after completing a key market structure break, signaling a potential long-term reversal. Following a prolonged period of downward pressure and failed breakout attempts, the second-largest cryptocurrency market cap has now reclaimed a significant zone that analysts say could or may fuel the Ethereum price to touch the mark of $4,400 in the coming weeks. 

Buyers Defend $1,500 Zone, Establish Key Market Structure Shift

According to the technical analyst SwallowAcademy, there is a crucial break on the Ethereum weekly chart that was just above the $1,500 support level. Earlier this month, ETH dipped to a low of $1,415, triggering fears of a deeper bearish trend. However, the drop was met with an aggressive wave of buying pressure as traders captured the opportunity to accumulate at what now appears to be a major inflection point. 

This concentration demand around the $1,500 level reversed the prevailing downtrend and created what analysts call a market structure break. This is a pattern where the price shifts from lower highs and lower lows to higher highs and higher lows. ETH has consistently held above its reclaimed support, which suggests buyers have successfully absorbed the selling pressure and flipped the market sentiments. 

Resistance at $1,900 in Sight, Weekly Close Critical

As of April 30, 2025, the Ethereum price is at $1,804.60, indicating a modest increase of 0.32% over the past 24 hours. Ethereum technical analysis reveals that it is now moving towards the resistance zone, a level that aligns closely with its 50-week moving average. A sustained close above this barrier on the weekly timeframe could result from a bullish market structure and ignite further upside momentum. 

ETH/USD chart, published on Tradingview, April 30, 2025

According to the analyst, this type of move would officially transition Ethereum out of its corrective phase and into a new rally cycle. A close above $1,900 would also confirm Ethereum’s ability to withstand short-term retracements and build a base for higher targets. If the bulls maintain current momentum, a rally toward $2,300 and then $2,800 could happen. 

Daily Chart Reveals Fair Value Gap and EMA Retest Potential

On the daily timeframe, Ethereum price action presents another bullish signal: a notable fair value gap (FVG) ranging between $1,900 and $2,800. These gaps indicate an area of inefficiency in the market, often filled before continuity. The zone also overlaps with a cluster of exponential moving averages (EMAs) that ETH has yet to retest since the downtrend began earlier this year. 

According to SwallowAcademy, filling in this FVG is essential for a smoother and more structured advance. It would also act as a technical confirmation of the ETH transition into a bullish cycle. If ETH continues its current momentum and reclaims the $1,900 mark, traders could expect this FGV to be filled over the coming weeks. 

Ethereum Price Outlook

If the Ethereum price holds above $1,900, analysts have predicted a path toward a medium-term target of $2,800, coinciding with the top of the FVG. Beyond that, the momentum could hike toward $4,000, a key psychosocial level and technical milestone that aligns with Ethereum’s previous support during its last major rally. Should bulls maintain conviction and broader market sentiment remain supportive, SwallowAcademy’s prediction reveals a possible climb to $4,400. With extended projections even touching the mark of $4,900 under ideal conditions, these targets are increasingly plausible. If ETH maintains its upward structure and avoids slipping below the newly reclaimed $1,500 support zone.