The US-China trade war has led to a -0.3%<\/strong> contraction in the US GDP in Q1 2025, the first since Q1 2022, temporarily slowing down the bullish momentum in the markets. However, Ethereum exhibits remarkable resilience<\/strong>, supported by strong technical fundamentals and promising on-chain activity.<\/p>\n\n\n The 3-day<\/strong> Ethereum chart displays a Golden Cross<\/strong>, where the 50-day moving average crosses above the 200-day moving average. This is the first bullish signal of this kind since the post-election rally in November 2024<\/strong>. This cross, particularly significant on higher timeframes, often marks the beginning of a major trend reversal. <\/p>\n\n\n\n Additionally, the MACD<\/strong> on the weekly chart is also nearing a Golden Cross<\/strong>, reinforcing the bullish sentiment.<\/p>\n\n\n\n Another key indicator is the RSI, which has bounced back from the oversold zone at 30<\/strong>, a typical level for local lows where sellers exhaust. This dynamic suggests that ETH could soon test key resistance levels.<\/p>\n\n\n\n After several tests of the psychological barrier of $1,600<\/strong>, Ethereum<\/a> has managed to break through it convincingly. This breakthrough, coupled with increasing trading<\/a> volumes, is an encouraging sign for investors. Confirming this support opens the door to testing the resistance zone around $1,918<\/strong>, a key level to monitor closely.<\/p>\n\n\n\n![\"3D](\"https:\/\/investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/05\/TP_ETH_USDT-BINANCE_charlesledoux_01-05-2025-1024x576-1.jpg\")
<\/figure>\n<\/div>\n\n\nSuccessful Break above $1,600 Resistance<\/h2>\n\n\n\n