Ethereum Price Indicators Suggest Strengthening Case For Rally Above $1,850

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Ethereum Price Indicators Suggest Strengthening Case For Rally Above $1,850

Ethereum price is gaining pace above the $1,780 resistance against the US Dollar. ETH could rally if it clears the $1,850 resistance zone.

Ethereum is gaining pace above the $1,760 and $1,780 levels. The price is trading above $1,780 and the 100 hourly simple moving average. There is a key 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 $1,840 resistance zone.

El preu d'Ethereum guanya impuls

Ethereum price started a fresh increase from the $1,700 support zone. ETH gained pace for a move above the $1,720 and $1,750 resistance levels, similar to bitcoin.

The price even cleared the $1,800 resistance zone and the 100 hourly simple moving average. The price traded as high as $1,828 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $1,686 swing low to $1,828 high.

El preu de l'Ether cotitza ara per sobre dels 1,780 dòlars i el Mitjana mòbil simple de 100 hores. També hi ha una línia de tendència alcista clau que es forma amb un suport proper als 1,780 dòlars al gràfic horari d'ETH/USD.

On the upside, the price is facing resistance near the $1,825 zone. The next major resistance is near the $1,840 zone. A clear move above the $1,840 resistance zone might start a strong increase. The next major resistance might be $1,880.

font: ETHUSD a TradingView.com

Any more gains could set the pace for a test of the $1,950 resistance zone in the near term, above which the bulls could aim a move towards the $2,000 resistance zone.

Dips compatibles amb ETH?

Si l'ethereum no aconsegueix eliminar la resistència de 1,840 dòlars, podria iniciar una correcció a la baixa. Un suport inicial a la baixa és a prop del nivell de 1,780 dòlars i la línia de tendència.

The next major support is near the $1,745 zone or the 61.8% Fib retracement level of the upward move from the $1,686 swing low to $1,828 high. The main support is now near the $1,700 zone. If there is a break below $1,700, the price might resume its decline towards $1,665. Any more losses might call for a test of the $1,620 level.

Indicadors tècnics

MACD cada hora - El MACD per a ETH / USD guanya impuls a la zona alcista.

RSI horària - El RSI per ETH / USD està ara per sobre del nivell 50.

Nivell de suport important: 1,745 $

Nivell de resistència important: 1,840 dòlars

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