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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 Mutengo Unosara Unotsigirwa
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 paawa imwe nyore yakapfuura avhareji. 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.
Source: ETHUSD pa 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.
Imwe Kudonha muETH?
Kana ethereum ikatadza kudzima iyo $1,825 kuramba, inogona kutanga kudzoreredza pasi. Rutsigiro rwekutanga pane yakaderera iri padyo neiyo $ 1,785 nhanho uye mutsara wemaitiro.
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.
Technical zviratidzi
Hourly MACD - Iyo MACD yeETH / USD ikozvino iri kuwedzera kusimudzira munharaunda ye bullish.
Paawa RSI - Iyo RSI yeETH / USD ikozvino iri pamusoro pe50 chikamu.
Chikuru Danho Rekutsigira - $ 1,745
Chikuru Resistance Level - madhora zana nemakumi mashanu
Original source: NhauBTC