Ethereum Price Holds Strong As Indicators Suggest High Chances of Fresh Rally

Deur NewsBTC - 1 jaar gelede - Leestyd: 2 minute

Ethereum Price Holds Strong As Indicators Suggest High Chances of Fresh Rally

Ethereum price is showing positive signs above the $1,780 resistance against the US Dollar. ETH might soon rally if it clears the $1,850 resistance zone.

Ethereum is showing positive signs above the $1,760 and $1,780 levels. The price is trading above $1,785 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if it clears the $1,825 resistance zone.

Ethereum-prys bly ondersteun

Ethereum price remained strong above the $1,750 support zone. ETH climbed higher and attempted an upside break above the $1,840 resistance zone. However, there was no clear move above $1,840, unlike bitcoin.

The price traded as high as $1,828 before there was a downside correction. There was a move below the $1,800 level, but the price stayed above the $1,750 support zone. A low is formed near $1,762 and the price is now rising.

Ether price is trading above $1,785 and the 100 uurlikse eenvoudige bewegende gemiddelde. It is also trading above the 61.8% Fib retracement level of the recent decline from the $1,828 swing high to $1,762 low. Besides, there is a connecting bullish trend line forming with support near $1,780 on the hourly chart of ETH/USD.

On the upside, the price is facing resistance near the $1,815 level. It is near the 76.4% Fib retracement level of the recent decline from the $1,828 swing high to $1,762 low.

Bron: ETHUSD op TradingView.com

The next major resistance is near the $1,825 zone. A clear move above the $1,825 resistance zone might start a strong increase. The next major resistance might be $1,880. Any more gains could set the pace for a test of the $1,920 resistance, above which the price could rise towards the $2,000 resistance zone.

Nog 'n druppel in ETH?

As ethereum nie daarin slaag om die weerstand van $1,825 skoon te maak nie, kan dit 'n nadeelregstelling begin. 'n Aanvanklike ondersteuning aan die nadeel is naby die $1,785-vlak en die tendenslyn.

The next major support is near the $1,745 zone, below which ether price might decline towards the $1,720 level. The main support is now near the $1,695 zone. If there is a break below $1,695, the price might resume its decline towards $1,620.

Tegniese aanwysers

Uurlikse MACD - Die MACD vir ETH / USD kry nou momentum in die bullish sone.

Uur per uur - Die RSI vir ETH / USD is nou bo die 50-vlak.

Groot Ondersteuningsvlak - $ 1,745

Groot weerstandsvlak - $ 1,825

Oorspronklike bron: NewsBTC