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Ethereum Price Consolidates Near $1,800 While US Economy Is Uncertain: Smart Investors Bet on Digital Assets

May 3, 2025
in Crypto News
Reading Time: 5 mins read
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Ethereum Price Consolidates Near ,800 While US Economy Is Uncertain: Smart Investors Bet on Digital Assets
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Ethereum (ETH/USD) is trading around $1,829 as it consolidates beneath a significant technical hurdle: the $1,871 resistance zone. This level has rejected price advances three times, forming a textbook “triple top” pattern that now acts as a psychological barrier for buyers.

Despite the resistance, ETH remains supported by a rising trendline and the 50-period exponential moving average (EMA), currently holding around $1,821.

This convergence of trendline support and the EMA creates a key decision zone for traders. If Ethereum clears $1,871 on strong volume, bullish momentum could drive the price toward $1,910 and even $1,950.

Ethereum Price Chart Source: Tradingview
  • Entry: Break and close above $1,871
  • Target: $1,910 → $1,950
  • Stop Loss: Below $1,821

For newer traders, it’s wise to wait for a confirmed breakout—chasing price action in tight ranges often leads to whipsaws.

U.S. Growth Slips Amid Import Surge

While Ethereum holds steady, the U.S. economy is signaling potential trouble ahead. The Commerce Department reported that gross domestic product (GDP) contracted at a 0.3% annualized pace in Q1 2025.

A surge in imports—up 41.3%, driven by a 50.9% spike in goods—was the primary driver behind the contraction. These were likely front-loaded purchases to avoid looming tariffs from President Trump’s escalating trade war.

🚨 BREAKING: US GDP growth slows to -0.3%, marking the first negative growth since Q1 2022

Welcome to the Finding Out Stage. pic.twitter.com/5MLEo9Qt2q

— Maine (@TheMaineWonk) April 30, 2025

Notably, imports subtract from GDP calculations, so the headline number may exaggerate the weakness. Still, this marks the first quarterly contraction since early 2022.

Wall Street had expected a 0.4% expansion, but the surprise trade-driven drag caused many economists to revise their forecasts lower just ahead of the release.

This data complicates the Federal Reserve’s policy path. While soft growth could justify rate cuts, persistent inflation remains a constraint. Fed officials may need to balance recessionary signals against price stability mandates.

Labor Market Shows Resilience—for Now

Despite the GDP setback, the U.S. labor market remains firm. The Labor Department reported 177,000 new jobs in April, beating expectations. The unemployment rate held at 4.2%, while average hourly earnings rose by six cents to $36.06—up 3.8% over the past year.

#NFP LS PREVIEW | Apr US Nonfarm Payrolls Expected At 135K; Unemployment Rate At 4.2%

What Top Economists Are Forecasting From Friday’s 13:30 BST US Job Report: pic.twitter.com/yIERIrINSF

— LiveSquawk (@LiveSquawk) May 2, 2025

Yet, other data paint a mixed picture. Challenger, Grey & Christmas reported over 105,000 job cuts in April, and ADP’s private payroll survey showed just 62,000 new jobs—its weakest print since July 2024.

Experts warn that the disconnect between headline job growth and forward corporate earnings guidance suggests a potential slowdown in hiring ahead.

With trade policy uncertain and corporate caution rising, market participants are hedging with digital assets like Ethereum. As centralized policy signals waver, decentralized assets are gaining traction among investors seeking alternative stores of value.

Final Takeaway

Ethereum’s price action and broader macro dynamics are converging at a crucial moment. As U.S. growth falters and traditional markets digest trade and labor shifts, digital assets like ETH are emerging as high-conviction bets.

If ETH clears the $1,871 resistance, it may serve as a leading indicator of broader investor sentiment shifting toward crypto amid traditional market uncertainty.

BTC Bull Token Crosses $5.28M as Flexible 78% Staking Yield Draws Investors

BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.28 million in funds raised as it nears its $5.96 million presale cap. Priced at $0.00249, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking.

Utility-Driven Tokenomics Fuel Demand

Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods.

This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment.

Current Presale Stats:

  • USDT Raised: $5,284,443 of $5,963,550
  • Current Price: $0.00249 per BTCBULL
  • Staking Pool Total: 1,342,549,903 BTCBULL
  • Estimated Yield: 78% annually

With less than $680K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle.

The post Ethereum Price Consolidates Near $1,800 While US Economy Is Uncertain: Smart Investors Bet on Digital Assets appeared first on Cryptonews.


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