Ethereum (ETH) Retakes $1,800 amid Altcoin ETF Jitters

Ethereum (ETH) surged past $1800 on Tuesday, recovering from recent losses triggered by broader altcoin uncertainty after the SEC delayed decisions on multiple ETF applications.

Ethereum (ETH) price rebounded above $1,800 on Thursday as traders reacted positively to leadership shake-up at the Ethereum Foundation and capital rotation out from altcoin exposed to SEC oversight risks.

Key takeaways

(ETH) surged past $1,800 on Tuesday, recovering from recent losses triggered by broader altcoin uncertainty after the SEC delayed decisions on multiple ETF applications.

While Bitcoin remained range-bound below $96,000, the ETH price breakout above $1,815 was noticeable. Despite regulatory headwinds, ETH posted a modest 2.1% gain, supported by strong trading volume and improving investor sentiment following a governance update at the Ethereum Foundation.

The foundation announced the appointment of Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors, shifting from a CEO structure to a joint leadership model. This change was part of broader organizational adjustments to streamline decision-making and project execution within Ethereum’s core ecosystem.

In the new structure, the board, acting as a “security council,” will guide Ethereum’s long-term strategic vision, while day-to-day governance will fall under the co-directors. The board members will include co-founder Vitalik Buterin, foundation president Aya Miyaguchi, and legal advisor Patrick Storchenegger.

Hsiao-Wei Wang, a core researcher and Ethereum developer, will also serve as the liaison between the board and management, ensuring seamless communication across leadership layers. The foundation highlighted three main focus areas for the next 12 months: scaling Layer 1, optimising blob handling at Layer 2, and enhancing user experience.

This shake-up was viewed positively by the market, as it demonstrated the adaptability and maturity of the Ethereum ecosystem in response to evolving regulatory and technological landscapes.

Ethereum derivatives: What’s next for ETH price after leadership change?

Coinglass’ derivatives market data reflects growing optimism among traders after the leadership shuffle at Ethereum Foundation. The 24-hour long/short ratio stands at 0.9912, indicating nearly equal positioning, but top trader data on Binance, in particular, shows a strong preference for long positions.

The top trader long/short ratio (by accounts) on Binance is 2.6778, while positions data shows 1.9521, suggesting whales are still piling up on bullish bets.

Moreover, options volume increased by 3.75% to $435.21 million, and options open interest reached $4.08 billion, rising 1.50%. The escalating options activity signifies traders are preparing for potential volatility and have a slight bias toward upside price movements.

Liquidation data over 24 hours revealed $69.56 million in rekt positions, with long liquidations at $49.78 million and shorts at $19.78 million, highlighting a more aggressive attempt to chase further price gains.

Ethereum price today: ETH stalls at upper band ahead of key resistance

Ethereum price forecast shows ETH holding steady above $1,800, currently trading at $1,812 after a 1.03% daily gain. The price is pressing against the upper Bollinger Band at $1,892.79, hinting at a potential breakout if bullish momentum continues.

Volume remains modest, but the structure reflects a sustained recovery since the April 13 low. Notably, Ethereum has reclaimed the 20-day moving average and is holding just above the midline of the Bollinger Bands, indicating improved market confidence.

The BBP (Bollinger Band Percent B) sits at 96.82, suggesting ETH is nearing overbought territory, but not decisively so. This level often precedes short-term consolidation before fresh upside or pullbacks.

Ethereum position above the 20-day moving average and proximity to the upper band reflects a well-structured bullish setup. However, breaking through the resistance at $1,892 will be crucial to open room toward $2,000. A failure to do so could return ETH to the $1,695 support zone, marked by the lower band.