Ethereum Price Revisits $1,700 And $1,800 Seems Imminent, Here’s Why

Par NewsBTC - il y a 1 an - Temps de lecture : 2 minutes

Ethereum Price Revisits $1,700 And $1,800 Seems Imminent, Here’s Why

Ethereum started a fresh increase and retested $1,700 against the US Dollar. ETH is showing positive signs and might rise further towards the $1,800 zone.

Ethereum gained pace and was able to clear the $1,660 resistance zone. The price is now trading above $1,660 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if there is a clear move above the $1,700 resistance.

Ethereum Price Reverses Losses

Ethereum price remained well bid above the $1,600 support, similar to bitcoin at $22,500. ETH formed a base above the $1,620 level and recently started a steady increase.

There was a clear move above the $1,650 and $1,660 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $1,640 on the hourly chart of ETH/USD. The pair even retested the $1,700 resistance and formed a high at $1,698 before there was a minor decline.

Le prix de l'éther se négocie maintenant au-dessus de 1,660 XNUMX $ et le 100 horaire simple moyenne mobile. Il se négocie près du niveau de retracement Fib de 23.6 % du mouvement à la hausse, du creux de 1,624 1,698 $ au plus haut de XNUMX XNUMX $.

La source: ETHUSD sur TradingView.com

An immediate resistance is near the $1,690 level. The next major resistance is near the $1,700 level. An upside break above the $1,700 resistance zone could spark a fresh increase. In the stated case, the price may perhaps rise towards the $1,750 resistance. Any more gains might send ether price towards the $1,820 resistance zone.

Dips pris en charge dans ETH?

Si Ethereum ne parvient pas à franchir la résistance de 1,700 1,660 $, cela pourrait déclencher une autre correction à la baisse. Un premier support à la baisse est proche du niveau de XNUMX XNUMX $.

The next major support is near the $1,650 zone or the 61.8% Fib retracement level of the upward move from the $1,624 swing low to $1,698 high. If there is a break below $1,650, the price might accelerate lower towards the $1,620 support. Any more losses might call for a test of the $1,600 support zone.

Indicateurs techniques

MACD horaire - Le MACD pour ETH / USD perd maintenant de l'élan dans la zone haussière.

RSI horaire - Le RSI pour ETH / USD est maintenant au-dessus du niveau 50.

Niveau de soutien principal - $ 1,650

Niveau de résistance majeur - $ 1,700

Source primaire: NewsBTC