Ethereum price drops 3.06%, testing critical $1,750 support ahead of May 1 trading. Bearish MACD crossover and declining RSI indicate weakening Ethereum buyer strength. Ethereum’s Layer 2 active addresses surge 58.74%, reaching record 15.4 million users. Ethereum (ETH) market maintains its position below important resistance zones, as April ends with technical indicators supporting a rising bearish market sentiment. Ethereum traded around $1,760 on April 30 after experiencing a 3.06% price decrease in 24 hours, and failed to break the $1,800–$1,825 resistance area. TradingView data showed that the price established a clear downward trend with weakening peaks during the previous week. ETH experienced strong resistance at $1,850, while support was $1,750. The closing price of the daily candle on April 30 reached $1,771.80, demonstrating persistent selling pressure among investors across short timeframes. Whales took advantage of the recent price surge, selling 262,000 #Ethereum $ETH , worth around $445 million. pic.twitter.com/sQ0PhAzyfX — Ali (@ali_charts) April 29, 2025 Technical Indicators Signal Continued Weakness The technical indicators point t… The post ETH Price Outlook: Can Bulls Defend $1,750 or Will May Start With a Breakdown? appeared first on Coin Edition .
