Ethereum Price Soars 9% as US Tariffs on China Are Likely to Reduce By 50% – Is $2000 Imminent?

Highlights:

• Ethereum price soars above the $1800 mark, before retracing to $1784.
• According to a WSJ report, US tariffs on China will likely be reduced by 50%.
• Technical indicators point to a potential rally to $2000 soon.

After a 9% increase in price over the past day, Ethereum price(ETH) broke through the $1800 mark, before slightly retracing to $1785. ETH is exchanging hands at $1785, with strong support established at 1600, after it dipped below $1,400. Traders are getting more optimistic about a potential rally to $2000 as the crypto market stabilizes, with Bitcoin price breaking through $94K.

From Crash to Comeback: Ethereum Leads the Crypto Market Rebound

Following Trump’s announcement concerning Fed Chair Powell on April 22, the crypto market has gained stamina, with Ethereum taking the lead. The ETH price has spiked more than 9%, 6% for Bitcoin, and over 5% across the cryptocurrency market as a whole. ETH regained the $1,800 level as the ETH of the community clung to a 1.5 times MVRV of ~$1,400 a fortnight ago. This marks a remarkable 30% recovery from April 9, when the Ethereum price crashed due to the macro uncertainty and marketwide risk-off sentiment.

Meanwhile, President Trump recently softened his stance on Fed chair Powell and the China tariffs. According to a crypto analyst and reporter, he has noted that according to WSJ reports, ‘’the US tariffs on China will likely reduce by 50%.’’

JUST IN: 🇺🇸🇨🇳 US tariffs on China will likely be reduced by 50%, WSJ reports.

— Watcher.Guru (@WatcherGuru) April 23, 2025

ETH Price Outlook

The ETH price now faces key resistance around $1,850 and $1,900 as it looks ahead. If these areas are broken, confirmed, it opens the path to $2,000 and above. If Ethereum can maintain current volumes and sentiment, then, according to analysts, a broader move to $2,500 could be plausible. The growing impression among ETH market sentiment that Ethereum will once more lead the rally means it could soon be at the forefront of the crypto market rally.

A quick look at the ETH daily chart shows that the bulls are gearing toward key resistance marks coinciding with the 50-day and 200-day MAs. The bulls target the $1829 technical barrier, which aligns with the 50-day MA. A cross above this level will ignite a short-term bullish move, which may cause the Ethereum price to reclaim the $2000 mark. Increased buying appetite and stable market sentiment may cause further upside toward the $2500 mark, invalidating the bearish outlook.

The technical indicators, including the Relative Strength Index, bolster the bullish momentum, indicating potential upside movement. Its position at 55 suggests an increase in buying activity. Moreover, the altcoin has not yet been overbought, indicating that there is still room for the upside.  The MACD momentum indicator has notably flipped above the orange line, making a bullish crossover. This calls for traders to rally behind ETH, which may soon cause a major comeback toward the $2000 level. 

Is the Ethereum Price Comeback Real?

Ethereum price analysis shows that a price surge above $1,800 could not be anything but a reflexive bounce. However, the crucial question is whether ETH can overcome price resistance. The larger crypto market comeback may again place the focus back on Ethereum. Suppose bullish momentum continues and breaks through significant resistance levels. This may be a good sign to grant it the position, as it will catalyse another bear market explosion.